Fastenal Company $FAST Shares Bought by Victory Capital Management Inc.

2026-03-08 02:07:36

Abstract generation in progress

Victory Capital Management Inc. has increased its stake in Fastenal Company (NASDAQ:FAST) by 2.5%, now owning over one million shares worth approximately $49.9 million. This comes as Fastenal shows mixed but generally positive signals, with February sales growth exceeding expectations and Robert W. Baird raising its price target to $52 with an “outperform” rating, though the analyst consensus remains “Hold.” The company also raised its quarterly dividend to $0.24, even as insider directors made significant share sales.

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