BNP PARIBAS ASSET MANAGEMENT Holding S.A. Decreases Stake in Fastenal Company $FAST
BNP PARIBAS ASSET MANAGEMENT Holding S.A. reduced its stake in Fastenal Company (NASDAQ:FAST) by 31.8% in the third quarter, selling 81,658 shares and holding 175,402 shares valued at $8.21 million. Other institutional investors also adjusted their positions in Fastenal, with 81.38% of the stock owned by institutional investors and hedge funds. Fastenal reported earnings of $0.26 per share, matching consensus estimates, and increased its quarterly dividend to $0.24.
Why Is Fastenal (FAST) Up 3.1% Since Last Earnings Report?
Fastenal (FAST) shares have increased by 3.1% since its last earnings report, outperforming the S&P 500. The company reported Q4 2025 earnings and sales that met expectations, driven by strong contract customer momentum and improved operating leverage, with daily sales rising across manufacturing end markets and digital channels. Fastenal's management remains confident in long-term growth despite a challenging industrial environment.
JPMorgan Chase & Co. Reduces Position in Fastenal Company $FAST
JPMorgan Chase & Co. decreased its stake in Fastenal Company by 0.5% in the third quarter of 2025, selling 36,490 shares to hold a total of 7,545,295 shares valued at approximately $370 million. Fastenal recently raised its quarterly dividend to $0.24, resulting in a 2.1% yield, and reported Q3 earnings per share of $0.26, meeting estimates, with revenue of $2.03 billion, slightly below expectations. Several other institutional investors also adjusted their positions in the company, while analyst ratings on Fastenal are mixed, with an average target price of $48.18.
Zacks Earnings Trends Highlights: Emerson Electric, Generac and Fastenal
The article highlights the Q4 2025 earnings season, noting that S&P 500 earnings are up +12.7% with +8.8% higher revenues for reporting companies. It points out strong performances in the Industrial Products, Energy, and Utilities sectors, with companies like Emerson Electric, Generac, and Fastenal showing favorable stock reactions and improved earnings outlooks. The overall estimate revisions trend remains positive, especially driven by the Tech and Finance sectors.
Fastenal Company (NASDAQ:FAST) Receives Average Rating of "Hold" from Analysts
Fastenal Company (NASDAQ:FAST) has received a consensus "Hold" rating from analysts, with two recommending "sell," seven "hold," and four "buy." The average 12-month price target is $48.18. The company recently reported Q4 EPS of $0.26, matching estimates, and revenue of $2.03 billion, slightly below expectations but up 11.1% year-over-year, while also increasing its quarterly dividend to $0.24.
nLight’s Strategic Moves Expand Market Opportunities in Defense Technology
nLight Inc. is seeing its stock trade up by 8.63% following promising advancements in laser technology, particularly in the defense sector. The company is showcasing advanced laser weapon systems at the World Defense Show and expanding its manufacturing capabilities in Colorado to meet rising demand. Roth Capital has increased nLight's price target, projecting significant revenue growth in the coming years due to these strategic moves and financial bolstering through public offerings.
Fastenal Is Up 20% Year to Date. Here’s How Much the Stock Could Rise in 2026
Fastenal Company's stock has risen 20% year-to-date, trading near $46 per share, following strong fourth-quarter and record full-year 2025 results. The company achieved double-digit Q4 sales growth and record annual revenue, primarily driven by digital integration and key account expansion, with management anticipating double-digit net sales growth in 2026. A valuation model suggests a target price of $54, implying a 17% upside, based on projected revenue growth, operating margins, and continued market share gains.
Drucker Wealth 3.0 LLC Has $2.50 Million Holdings in Fastenal Company $FAST
Drucker Wealth 3.0 LLC significantly increased its holdings in Fastenal Company (NASDAQ:FAST) by 87.9% in the third quarter, bringing their total stake to $2.50 million. Other institutional investors also adjusted their positions in Fastenal, which currently has a consensus "Hold" rating from analysts with an average target price of $48.18. Fastenal recently reported quarterly earnings, met analyst expectations for EPS, and announced an increase in its quarterly dividend.
Vanguard Group Inc. Has $7.43 Billion Stake in Fastenal Company $FAST
Vanguard Group Inc. significantly increased its stake in Fastenal Company, purchasing an additional 2,346,045 shares, bringing its total holdings to 151,515,539 shares valued at $7.43 billion. This represents about 13.20% of the company, with institutional investors owning 81.38% overall. Fastenal recently reported quarterly earnings in line with estimates and raised its quarterly dividend to $0.24 per share.
NEOS Investment Management LLC Grows Stake in Fastenal Company $FAST
NEOS Investment Management LLC increased its stake in Fastenal Company (NASDAQ:FAST) by 37.8% in the third quarter, bringing its total holdings to 659,351 shares valued at $32.335 million. Other institutional investors have also adjusted their positions in Fastenal. The company recently reported quarterly earnings in line with expectations and increased its quarterly dividend to $0.24 per share.
1 Profitable Stock to Target This Week and 2 We Avoid
This article identifies one profitable stock, Elevance Health (ELV), as a company to target due to its consistent revenue growth, large revenue base, and strong return on capital. Conversely, it advises avoiding Fastenal (FAST) and Bio-Techne (TECH) due to their muted revenue and earnings growth, high valuations, and in Bio-Techne's case, subscale operations and shrinking free cash flow margin. The analysis emphasizes looking beyond profitability to growth and operational efficiency when evaluating investment opportunities.
How Investors Are Reacting To Fastenal (FAST) Richer Valuation And Optimistic Profit Outlook
Fastenal (FAST) is seeing increased investor attention due to its improved outlook, with analysts forecasting a 30% profit increase and a richer valuation compared to peers. This article explores how Fastenal's higher valuation influences its investment narrative, which is built on strong customer relationships and supply chain capabilities. It also notes that some analysts maintain a more cautious outlook on revenue and earnings by 2028, suggesting a potential downside to its current price.
A Look At DXP Enterprises (DXPE) Valuation After Strong Recent Share Price Momentum
DXP Enterprises (DXPE) has seen strong recent share price momentum, with significant gains over the past month and year, reflecting building momentum. Despite this, the company's valuation suggests it is approximately 9% overvalued based on a detailed cash flow analysis, anchoring its fair value at US$136.50 compared to its current US$148.55. While its P/E ratio is slightly below its estimated fair ratio, it sits above industry peers, prompting questions about whether the premium is justified or presents an additional valuation risk.
Fastenal Stock Rises as Company Kicks Off Busy Earnings Week With Solid Results
Fastenal (FAST) stock rose after the company reported solid quarterly results, kicking off a busy earnings week. This performance indicates a positive start for the industrial and construction supplies distributor amidst the current market conditions.
How Investors Are Reacting To Fastenal (FAST) Richer Valuation And Optimistic Profit Outlook
Fastenal (FAST) is experiencing a richer valuation and optimistic profit outlook, with analysts expecting profits to increase by about 30% in the coming years. Despite strong full-year 2025 results, the article highlights concerns about potential risks such as elevated inventory and whether the current pricing leaves sufficient room for error given possible cost pressures, tariffs, or weaker demand. Investors are encouraged to consider a variety of analyst perspectives and the company's underlying narrative, which projects significant revenue and earnings growth by 2028.
ABN Amro Investment Solutions Purchases 50,030 Shares of W.W. Grainger, Inc. $GWW
ABN Amro Investment Solutions significantly increased its stake in W.W. Grainger, Inc. (NYSE:GWW) by 974.3% in the third quarter, acquiring an additional 50,030 shares to own a total of 55,165 shares valued at $52.57 million. W.W. Grainger constitutes 1.1% of ABN Amro's investment portfolio. Other institutional investors also adjusted their positions, and recent analyst reports show a mixed outlook with an average "Hold" rating and a consensus price target of $1,060.13.
Why W.W. Grainger (GWW) Is Down 5.5% After Mixed 2025 Results, 2026 Guidance And New Lawsuit
W.W. Grainger (GWW) saw its stock drop by 5.5% following mixed 2025 financial results, 2026 sales guidance, and news of a new California labor class action lawsuit. While the company reported increased sales in 2025, net income and EPS declined, indicating pressure on profitability due to investments. The 2026 sales guidance of US$18.70 billion to US$19.10 billion provides a revenue growth expectation, but concerns linger over margin pressure and the potential costs associated with the new legal challenge.
Fastenal Company $FAST Stake Lifted by Varma Mutual Pension Insurance Co
Varma Mutual Pension Insurance Co increased its stake in Fastenal Company by 11.7% to 230,600 shares, valued at $11.31 million. Institutional investors now own approximately 81.38% of Fastenal's stock. Insider activity showed mixed signals with one director buying shares and another selling a significant portion of their holdings. The company reported quarterly EPS in line with estimates, revenue slightly below expectations, and increased its quarterly dividend.
Wedbush Securities Inc. Purchases 1,075 Shares of W.W. Grainger, Inc. $GWW
Wedbush Securities Inc. increased its stake in W.W. Grainger, Inc. by 168.2% in the third quarter, acquiring an additional 1,075 shares, bringing their total holdings to 1,714 shares valued at $1.63 million. This transaction occurred amidst notable insider selling, with CEO Donald G. Macpherson selling shares worth over $14 million and other insiders selling off a total of $26.16 million worth of shares in the last 90 days. The company also announced a quarterly dividend of $2.26 per share, payable on March 1st.
Is McGrath RentCorp (MGRC) Fairly Priced After Recent Steady Share Performance?
This article analyzes whether McGrath RentCorp (MGRC) is fairly priced, given its recent share performance. Using a Discounted Cash Flow (DCF) model and Price-to-Earnings (P/E) ratio analysis, the article concludes that MGRC is currently trading close to its fair value. The DCF model suggests it is about 1.0% undervalued, while its P/E of 19.9x is in line with its proprietary "Fair Ratio" of 20.3x, indicating the shares are "about right."
A Look At Fastenal (FAST) Valuation After Recent Share Price Strength
Fastenal (FAST) has seen its share price strengthen recently, but its current valuation at US$46.41 is considered overvalued compared to the average analyst target of US$43.46. The article suggests that while long-term interest remains, investors should assess if the recent gains leave limited upside given the consensus fair value and potential risks like trade tensions and digital competition. A full narrative is available for those wanting to understand the assumptions behind the valuation.
Caprock Group LLC Purchases New Stake in Fastenal Company $FAST
Caprock Group LLC has acquired a new stake of 40,843 shares in Fastenal Company, valued at approximately $2.03 million during the third quarter. Fastenal, with 81.38% institutional ownership, has largely mixed analyst ratings, resulting in a consensus "Hold" and a target price of $48.18. The company recently raised its quarterly dividend to $0.24, providing an annualized yield of 2.1%.
Fastenal Company and RFK Racing Announce Body Guard Brand as Primary Focus of Partnership
Fastenal Company and RFK Racing are evolving their partnership by replacing the iconic Fastenal blue paint scheme with the black and orange colors of Fastenal's Body Guard brand on RFK Racing cars. This strategic move aims to increase awareness and engagement for Fastenal's safety products, which are engineered for safety and adhere to high-quality standards. Starting in the 2026 season, the Body Guard brand will be prominently featured on the race car, team gear, and hauler, while Fastenal remains a critical supplier.
Illinois Municipal Retirement Fund Sells 6,027 Shares of W.W. Grainger, Inc. $GWW
The Illinois Municipal Retirement Fund reduced its stake in W.W. Grainger, Inc. by 31.1% in the third quarter, selling 6,027 shares and retaining 13,343 shares valued at approximately $12.715 million. The industrial products company recently reported Q3 earnings per share of $9.44, missing estimates slightly, and revenue of $4.43 billion, while setting an FY2026 EPS guidance above analyst expectations. Several analysts have updated their price targets and ratings for GWW, with the stock currently having a "Hold" consensus rating and an average price target of $1,060.13.
Cibc World Market Inc. Purchases 145,340 Shares of Fastenal Company $FAST
Cibc World Market Inc. significantly increased its stake in Fastenal Company (NASDAQ:FAST) during the 3rd quarter, buying 145,340 shares to hold a total of 290,834 shares valued at $14.262 million. Fastenal recently reported in-line EPS of $0.26 and revenue slightly below expectations at $2.03 billion, while also raising its quarterly dividend to $0.24. Analyst sentiment for Fastenal is mixed, with an average "Hold" rating and a target price of $48.18.
Illinois Municipal Retirement Fund Decreases Position in Fastenal Company $FAST
The Illinois Municipal Retirement Fund (IMRF) recently reduced its stake in Fastenal Company (NASDAQ:FAST) by 9.8% during the third quarter, now holding 414,971 shares valued at approximately $20.35 million. This reduction comes as Fastenal reported Q4 EPS in line with estimates and slightly missed revenue expectations, though revenue was up 11.1% year-over-year. Analysts currently hold a "Hold" rating on the stock with an average price target of $48.18, amidst mixed institutional investor activity and a recent dividend increase.
Eaton Stock Rose 18% Over the Past Year. Here’s Where the Stock Could Go in 2026
Eaton Corporation (ETN) saw its stock climb 18% over the last year, driven by a "Grid Super-Cycle" fueled by the demand for upgrading national power grids to support AI data centers. TIKR's valuation model suggests a target price of $602, representing a 51.9% potential upside from its current price of approximately $396. The company's strategic decision to spin off its Mobility segment will allow it to focus on its high-growth Electrical and Aerospace businesses, further bolstering its investment case as a structural mega-trend play in the AI infrastructure sector.
ING Groep NV Raises Position in W.W. Grainger, Inc. $GWW
ING Groep NV significantly increased its stake in W.W. Grainger, Inc. (NYSE:GWW) by 103.2% in the third quarter, now owning 11,689 shares valued at $11.139 million. Other institutional investors like Vanguard Group Inc., State Street Corp, and Geode Capital Management LLC have also adjusted their holdings. The article also details recent insider transactions, financial performance, dividend announcements, and varying analyst ratings for W.W. Grainger.
Rhumbline Advisers Has $121.90 Million Stake in Fastenal Company $FAST
Rhumbline Advisers reduced its stake in Fastenal Company (NASDAQ:FAST) by 2.2% in the third quarter, now owning 2,485,663 shares valued at $121.90 million. Despite this, other institutional investors like Vanguard Group Inc. and State Street Corp significantly increased their holdings. Fastenal has received mixed analyst ratings, with a consensus "Hold" and an average price target of $48.18, and recently increased its quarterly dividend to $0.24 per share.
Fastenal Company $FAST Shares Sold by Madison Asset Management LLC
Madison Asset Management LLC reduced its stake in Fastenal Company (NASDAQ: FAST) by 32.7%, selling 120,558 shares and holding 248,234 shares worth $12.17 million. Various other institutional investors adjusted their positions in Fastenal, which reported quarterly EPS matching estimates but revenue slightly below expectations. The company increased its quarterly dividend to $0.24, implying a 2.0% yield, and maintains a consensus "Hold" rating from analysts with an average target price of $48.18.
Fastenal Stock Rose 25% Last Year. Here’s Where Shares Could Go in 2026
Fastenal (FAST) shares advanced 25% last year, and the company is implementing strategic shifts including rebranding its RFK Racing partnership and a planned CEO transition in July 2026. Despite a projection of Fastenal's stock reaching $58 by 2028 with an 8% revenue CAGR and 21% operating margin, TIKR's model suggests a "Sell" recommendation, forecasting a 7.6% annualized return which falls below a typical 10% equity hurdle rate, indicating insufficient compensation for industrial cyclicality and execution risks. The analysis is based on assumptions of 8% revenue growth, 20.8% operating margins, and a 36.1x exit P/E multiple.
Impax Asset Management Group plc Boosts Position in W.W. Grainger, Inc. $GWW
Impax Asset Management Group plc significantly increased its stake in W.W. Grainger, Inc. by 197.6% during the third quarter, bringing its total holdings to 23,182 shares valued at $22.09 million. Other institutional investors like Quaker Wealth Management LLC and Asset Dedication LLC also boosted their positions. Despite these increases, W.W. Grainger's stock saw a slight dip, and the company reported mixed financial results, with EPS missing estimates but revenue exceeding expectations.
Candriam S.C.A. Sells 4,471 Shares of W.W. Grainger, Inc. $GWW
Candriam S.C.A. reduced its stake in W.W. Grainger, Inc. by 25.1% in the third quarter, selling 4,471 shares and leaving it with 13,315 shares valued at $12.69 million. Meanwhile, company insiders, including CEO Donald G. Macpherson, have also been net sellers, divesting 26,881 shares for roughly $26.16 million in the last three months. Despite missing EPS estimates slightly for the last quarter, Grainger's revenue was up 4.5% year-over-year, and analysts currently have a "Hold" consensus rating with a target price of $1,060.13.
Janus Perspective 2026: Fastenal Company
Jeff Watts, President and Chief Sales Officer of Fastenal Company, discusses the company's performance in 2025 and outlook for 2026. Despite a challenging market dominated by tariffs, geopolitical events, and a low Manufacturing PMI, Fastenal's fastener sales grew by double-digits, driven by increased demand for cost and risk reduction solutions in the supply chain. The company's end-to-end approach, with global sourcing, quality, and engineering teams, provided transparency and trust to customers who are now prioritizing strategic supply chain partnerships over transactional procurement.
Fastenal Company and RFK Racing Announce Body Guard Brand as Primary Focus of Partnership
Fastenal Company and RFK Racing are evolving their partnership by making Fastenal's "Body Guard" safety product brand the primary focus of their NASCAR sponsorship. The iconic Fastenal blue paint scheme will be replaced with the black and orange of Body Guard to boost brand awareness for its high-quality safety solutions. This strategic move aims to highlight the importance of safety through a prominent presence on RFK Racing's cars, team gear, and hauler, while Fastenal remains a critical supplier.
Simpson Manufacturing (NYSE:SSD) Hits New 12-Month High on Strong Earnings
Simpson Manufacturing (NYSE:SSD) reached a new 52-week high after exceeding Q4 earnings and revenue expectations. The company reported EPS of $1.35 against an anticipated $1.26 and revenue of $539.35 million, a 4.2% year-over-year increase. Management also set a positive outlook for 2026 operating margins, projecting 19.5%–20.5%, and announced a quarterly dividend increase while continuing share buybacks.
Fastenal shifts to Body Guard branding on RFK Racing partnership By Investing.com
Fastenal Company announced it will rebrand its RFK Racing vehicles with the black and orange colors of its Body Guard safety products, moving away from its traditional blue scheme starting in the 2026 season. This strategic shift aims to align marketing efforts with Fastenal's commitment to safety products, while the company continues its role as a supplier to RFK Racing. The announcement follows Fastenal's mixed Q4 2025 earnings, which met Wall Street expectations for EPS but missed revenue projections, leading to varied analyst ratings.
Fastenal Company And Rfk Racing Announce Body Guard Brand As Primary Focus Of Partnership
Fastenal Company and RFK Racing have announced that the Body Guard brand will be the primary focus of their partnership. This collaboration highlights a strategic alignment between the industrial supply company and the racing team. The news was reported by Refinitiv, indicating a business and product strategy development.
Here's How Much You Would Have Made Owning Fastenal Stock In The Last 10 Years
Fastenal (NASDAQ: FAST) has outperformed the market over the past decade, achieving an average annual return of 15.64% and a market capitalization of $54.43 billion. An initial investment of $1000 in FAST stock ten years ago would now be worth $4,276.56, highlighting the significant impact of compounded returns on wealth growth. This analysis underscores the financial benefits of long-term investment in well-performing stocks like Fastenal.
Fastenal Company and RFK Racing Announce Body Guard Brand as Primary Focus of Partnership
Fastenal Company and RFK Racing are evolving their partnership by replacing the iconic Fastenal blue paint scheme on RFK Racing cars with the black and orange of Fastenal's Body Guard brand. This change aims to increase awareness for Body Guard, a line of high-quality safety products. Both companies believe this move will highlight the importance of safety in various industries and reach a broader audience through the visibility provided by NASCAR.
Fastenal shifts to Body Guard branding on RFK Racing partnership By Investing.com
Fastenal Company announced a strategic shift in its RFK Racing partnership, replacing its traditional blue paint scheme with the black and orange branding of its Body Guard safety products. This move aims to align marketing efforts with the company's commitment to high-quality safety solutions, while Fastenal continues its long-standing role as a supplier to RFK Racing. The announcement follows Fastenal's recent Q4 earnings, which met EPS expectations but fell short on revenue and gross margin.
RBC Bearings Reports 17% Jump in Quarterly Sales
RBC Bearings Inc. reported a 17% increase in its third-quarter sales, reaching $461.6 million, driven by strong performance in its aerospace and defense segment and the acquisition of VACCO. The company also saw its operating income rise to $103 million and net income climb to $67.4 million. RBC anticipates continued growth in the upcoming quarter, projecting net sales between $495 million and $505 million, reflecting ongoing momentum and a robust backlog.
Fastenal Company and RFK Racing Announce Body Guard Brand as Primary Focus of Partnership
Fastenal Company and RFK Racing are evolving their partnership by shifting the primary focus to Fastenal's Body Guard brand of safety products. Starting in the 2026 season, RFK Racing cars will feature the Body Guard brand's black and orange paint scheme, replacing the traditional Fastenal blue, to increase awareness of the high-quality safety solutions. Fastenal will continue to be a crucial supplier for RFK Racing, maintaining its role in the team's supply chain.
Fastenal Company and RFK Racing Announce Body Guard Brand as Primary Focus of Partnership
Fastenal Company and RFK Racing are evolving their partnership by making Fastenal's Body Guard brand the primary focus, replacing the iconic Fastenal blue paint scheme with Body Guard's black and orange colors. This strategic move aims to increase awareness and engagement for their high-quality safety product line, which is "engineered for safety." Starting with the 2026 season, the Body Guard brand will be prominently featured on the race car, team gear, and hauler, while Fastenal remains a critical supplier.
Fastenal Company and RFK Racing Announce Body Guard Brand as Primary Focus of Partnership
Fastenal Company and RFK Racing are evolving their partnership by replacing Fastenal's traditional blue paint scheme with the black and orange of their Body Guard safety brand on RFK Racing cars. This strategic move aims to increase awareness for Body Guard's high-quality safety products, which are engineered for safety and adhere to superior standards. The Body Guard brand will be prominently featured starting in the 2026 season, with Fastenal maintaining an auxiliary position while remaining a critical supplier.
Fastenal Company and RFK Racing Announce Body Guard Brand as Primary Focus of Partnership
Fastenal Company and RFK Racing are evolving their partnership by making Fastenal's Body Guard safety brand the primary focus on RFK Racing cars, replacing the traditional Fastenal blue paint scheme. This strategic move aims to increase awareness and engagement with the Body Guard brand, which offers high-quality safety solutions engineered for safety. The new black and orange Body Guard paint scheme will be prominently featured on the cars, team gear, and hauler starting with the 2026 season, while Fastenal remains a critical supplier to RFK Racing.
Fastenal Company and RFK Racing announce Body Guard brand as primary focus of partnership
Fastenal Company and RFK Racing are evolving their partnership, making Fastenal's Body Guard safety products brand the primary focus for the 2026 NASCAR season. The iconic Fastenal blue will be replaced by Body Guard's black and orange colors on RFK Racing cars, team gear, and the race hauler to increase brand awareness. This strategic move aims to highlight Body Guard's high-quality safety solutions and Fastenal's commitment to safety in various industries.
Take the Zacks Approach to Beat the Markets: Hershey's, Fastenal, Kennametal in Focus
This article highlights how Zacks Investment Research's methodologies have helped investors outperform the market. It showcases several successful stock picks across different Zacks portfolios, including Kennametal, Inventiva, Clearway Energy, Celanese, Intellia Therapeutics, Hershey's, Walmart, Illinois Tool Works, Fastenal, and Monolithic Power Systems, demonstrating the effectiveness of Zacks Rank, Zacks Recommendation, Focus List, ECAP, ECDP, and Top 10 Stocks. The article emphasizes Zacks's guidance in navigating market fluctuations and achieving substantial returns.
A Look At McGrath RentCorp (MGRC) Valuation After CEO Succession And Board Expansion Announcement
McGrath RentCorp (MGRC) is undergoing a leadership change with Philip B. Hawkins named the new CEO, alongside plans to expand its board. Despite recent share price momentum, the stock is currently trading at $119.43, with an intrinsic valuation suggesting it is 18.8% undervalued at a fair value of $147. Future growth is anticipated through geographic expansion and entry into new markets, although softer fleet utilization and higher administrative expenses could pose risks to margins.
Applied Industrial Technologies: Availability as a Business Model
Applied Industrial Technologies thrives by being an essential distributor and service provider in industrial supply chains, focusing on keeping equipment operational. The company's business model, which centers on product availability, technical support, and building deep customer relationships through services, ensures predictability and steady cash generation. Despite being valued like a cyclical distributor, its reliance on maintenance-driven demand and a strategic approach to inventory suggest greater resilience than its market classification often implies.
