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Madison Investment Advisors bought a big stake in Fastenal, while analysts give the stock a "Hold" rating.
Madison Investment Advisors LLC acquired a significant stake in Fastenal, a wholesale distributor of industrial and construction supplies, purchasing shares worth about $16.2 million.
Meanwhile, Zurcher Kantonalbank Zurich Cantonalbank slightly increased its holding.
Despite a slight revenue increase, Fastenal missed analysts' earnings expectations, and the stock has received a general "Hold" rating with varied recommendations from 12 research firms.
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Madison Investment Advisors compró una gran participación en Fastenal, mientras que los analistas dan a la acción una calificación de "Sostén".