Cantillon Capital Management Reduces $53M in Fastenal Company ($FAST)
Key Points
- Cantillon Capital Management changed its Fastenal Company ($FAST) stake by 11.87% last quarter, cutting to 8,166,664 shares worth $392.24 million.
- Wall Street's consensus rating on $FAST is Hold and an average price target of $48.53.
- $FAST last traded around $48.03.
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Cantillon Capital Management reduced its position in Fastenal Company ($FAST) by 11.87% during the most recent quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 8,166,664 shares of Fastenal Company after selling 1,100,224 shares during the quarter. Cantillon Capital Management's holdings in Fastenal Company were worth $392.24 million as of its most recent filing.
Fastenal Company Stock Down 3.5%
Shares of Fastenal Company ($FAST) traded around $48.03 on Saturday, down 3.5% for the day.
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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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