Nomura Asset Management International Reduces $23M in Fastenal Company ($FAST)
Key Points
- Nomura Asset Management International changed its Fastenal Company ($FAST) stake by 15.1% last quarter, cutting to 2,814,807 shares worth $130.58 million.
- Wall Street's consensus rating on $FAST is Hold and an average price target of $46.72.
- $FAST last traded around $46.39.
Nomura Asset Management International reduced its position in Fastenal Company ($FAST) by 15.1% during the most recent quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,814,807 shares of Fastenal Company after selling 499,439 shares during the quarter. Nomura Asset Management International's holdings in Fastenal Company were worth $130.58 million as of its most recent filing.
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About Fastenal Company
Fastenal Company, together with its subsidiaries, engages in the wholesale distribution of industrial and construction supplies in the United States, Canada, Mexico, and internationally. It offers fasteners, and related industrial and construction supplies under the Fastenal name. The company's fastener products include threaded fasteners, bolts, nuts, screws, studs, and related washers that are used in manufactured products and construction projects, as well as in the maintenance and repair of machines. It offers miscellaneous supplies and hardware, including pins, machinery keys, concrete anchors, metal framing systems, wire ropes, strut products, rivets, and related accessories. The company serves the manufacturing market comprising original equipment manufacturers; maintenance, repair, and operations customers; non-residential construction market; farmers, truckers, railroads, mining companies, schools, and retail trades; and oil exploration, production, and refinement companies, as well as federal, state, and local governmental entities. Fastenal Company was founded in 1967 and is headquartered in Winona, Minnesota.
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