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Fastenal Company $FAST Shares Sold by Riverbridge Partners LLC
Riverbridge Partners LLC reduced its stake in Fastenal Company (NASDAQ:FAST) by 5.0%, selling 125,690 shares, though Fastenal remains its 16th-largest holding. Fastenal recently reported quarterly earnings of $0.26 per share, in line with estimates, and revenue of $2.03 billion, slightly below expectations, alongside an 11.1% year-over-year revenue increase and a dividend hike. Analysts currently hold a consensus “Hold” rating for Fastenal with an average price target of $48.83.