The past week has seen numerous changes in the holdings of Fastenal Company $FAST by different investment firms. Major institutional shareholders like Manufacturers Life Insurance Company, Eventide Asset Management LLC, and American Century Companies Inc. sold significant shares. However, First Manhattan CO. LLC, Concentric Capital Strategies LP, and Canada Pension Plan Investment Board increased their holdings in the company.
Fastenal's new 298000-square-foot Utah distribution center is being touted as a key step in their Western expansion strategy. Despite this, the stock price has also seen fluctuations.
The company has a strong institutional ownership at 84%, and its stock has been performing well, hitting new records. Fastenal has recently seen a two-for-one stock split and record-revenue reported in their Q2 2025 earnings call. They also announced a cash dividend.
Changes in similar holdings have been displayed by stakeholders like Nomura Holdings Inc., First Manhattan CO. LLC, and Canada Pension Plan Investment Board too.
Fastenal Co FAST News Analytics from Thu, 13 Feb 2025 08:00:00 GMT to Sat, 06 Sep 2025 19:30:40 GMT - Rating 7 - Innovation 6 - Information 9 - Rumor -1
