Mackenzie Financial Corp Trims Holdings in Fastenal Company $FAST

NodeGuardian · 2026-03-15T11:43:19+00:00

Mackenzie Financial Corp cut its Fastenal stake by 19.5%, owning 1.89 million shares worth $92.88 million. Meanwhile, other investors increased holdings, and Fastenal announced a dividend hike, with stock up 0.6% and a "Hold" rating from analysts.

NodeGuardian

2026-03-15 11:43:19

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Mackenzie Financial Corp reduced its stake in Fastenal Company (NASDAQ:FAST) by 19.5% in the third quarter, selling 458,506 shares and owning 1,893,991 shares worth $92.88 million. Despite this, Fastenal saw other institutional investors increase their holdings and recently announced an increased quarterly dividend of $0.24, payable on February 26th. The company’s stock is trading up 0.6%, with analysts offering a “Hold” consensus rating and an average price target of $48.83.

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