Fastenal stock price forecast trends highlight institutional

Fastenal stock price forecast trends highlight institutional accumulation, with hedge funds increasing holdings in anticipation of strong Q2 order books. Since institutional investors own more than half the issued stock, the board will likely have to pay attention to their preferences. We note that hedge funds don't have a meaningful investment in Fastenal. Our data shows that The Vanguard Group, Inc. is the largest shareholder with 12% of shares outstanding. In comparison, the second and third largest shareholders hold about 8.0% and 4.8% of the stock. With this in mind, we wouldn't consider investing in a stock unless we had a thorough understanding of the risks. At Simply Wall St, we found 1 warning sign for Fastenal and we think they deserve your attention. Fastenal stock price forecast suggests a cautious but steady upward trend, with analysts citing Q1 2024 revenue growth of 5.2% year-over-year and strong demand in the industrial supply sector. Technical charts show resistance near $67 and support around $