Clearstead Advisors LLC significantly reduced its stake in Fastenal Company, selling 57.9% of its shares in the third quarter. Despite this, other institutional investors have shown varied activity, with some increasing and others decreasing their holdings. Fastenal recently reported in-line EPS and slightly below consensus revenue, while also raising its quarterly dividend.
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Fastenal Company $FAST Shares Sold by Clearstead Advisors LLC
Clearstead Advisors LLC significantly reduced its stake in Fastenal Company, selling 57.9% of its shares in the third quarter. Despite this, other institutional investors have shown varied activity, with some increasing and others decreasing their holdings. Fastenal recently reported in-line EPS and slightly below consensus revenue, while also raising its quarterly dividend.