Nordea Investment Management AB Purchases 187,103 Shares of Fastenal (NASDAQ:FAST) – Mayfield Recorder
Morgan Stanley upped their price target on Fastenal from $27.50 to $31.50 and gave the company an “equal weight” rating in a report on Tuesday, April 16th. The firm had revenue of $1.31 billion for the quarter, compared to the consensus estimate of $1.30 billion. In related news, insider Leland J. Hein sold 19,929 shares of the stock in a transaction dated Thursday, April 18th. Insiders sold 163,470 shares of company stock worth $11,485,007 in the last ninety days.