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Banking & Finance

Oppenheimer Asset Management Inc. Takes $10.85 Million Position in Fastenal Company $FAST

·15 Aug
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Oppenheimer Asset Management Inc. recently acquired a new stake in Fastenal Company (NASDAQ:FAST) during the second quarter, purchasing 225,805 shares valued at approximately $10.85 million. Other institutional investors have also increased their positions in Fastenal, which currently has an average analyst rating of "Hold" and a target price of $49.17. Despite some insider selling, the company recently increased its quarterly dividend to $0.26 per share, reflecting a 2.0% annual yield.

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