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CX Institutional significantly increased its stake in Fastenal Company (NASDAQ:FAST) by 1,073.1% in the third quarter, acquiring 186,381 additional shares, bringing its total holdings to 203,749 shares valued at $10.1 million. Fastenal reported strong quarterly results with revenue up 14.7% year-over-year to $2.39 billion and earnings matching analyst expectations at $0.33 per share. The company also raised its quarterly dividend to $0.26, and despite some insider selling, analysts maintain a consensus "Hold" rating with an average target price of $49.50.