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Rhumbline Advisers Has $121.90 Million Stake in Fastenal Company $FAST
Rhumbline Advisers reduced its stake in Fastenal Company (NASDAQ:FAST) by 2.2% in the third quarter, now owning 2,485,663 shares valued at $121.90 million. Despite this, other institutional investors like Vanguard Group Inc. and State Street Corp significantly increased their holdings. Fastenal has received mixed analyst ratings, with a consensus “Hold” and an average price target of $48.18, and recently increased its quarterly dividend to $0.24 per share.