There appears to be a significant level of financial activity surrounding industrial supply company Fastenal, specifically regarding fluctuation in stake holdings. Various investment firms such as Banque Cantonale Vaudoise, Abacus Wealth Partners, and Cetera Investment Advisers are acquiring new positions in Fastenal. Dearborn Partners has holdings worth $29.68 M, and Pacer Advisors has $4.5 M stock holdings. While some stakeholders like Tikehau Investment Management and Madison Asset Management are reducing their stock holdings, others like Avantax Advisory and Picton Mahoney Asset Management are raising theirs. Fastenal's recent Q2 2025 earnings call highlighted their record revenue and strong digital growth. Despite this, investment groups like Mackenzie Financial Corp and Baillie Gifford & Co. are reducing their stock positions.
Anticipated growth for Fastenal has led to a positive outlook by Zacks Research for their Q3 earnings. Analysts at William Blair and Bank of America Securities maintained their 'Buy' ratings on the company, while Morgan Stanley kept their 'Hold' rating due to uncertainties. Fastenal's Q2 earnings report beat estimates, showing record quarterly sales, which fueled a rise in share prices. The company also announced a two-for-one stock split, highlighting their positive financial growth.
Fastenal Co FAST News Analytics from Mon, 20 Jan 2025 08:00:00 GMT to Sat, 02 Aug 2025 20:06:51 GMT - Rating 7 - Innovation 4 - Information 8 - Rumor 5
