Greenleaf Trust Has $2.61 Million Holdings in Fastenal (NASDAQ:FAST)

Greenleaf Trust reduced its stake in shares of Fastenal (NASDAQ:FAST) by 5.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 40,355 shares of the company’s stock after selling 2,212 shares during the quarter. Greenleaf Trust’s holdings in Fastenal were worth $2,614,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the stock. Hartford Financial Management Inc. raised its position in shares of Fastenal by 46.9% in the 4th quarter. Hartford Financial Management Inc. now owns 479 shares of the company’s stock valued at $31,000 after acquiring an additional 153 shares during the period. Empirical Asset Management LLC raised its position in shares of Fastenal by 2.4% in the 4th quarter. Empirical Asset Management LLC now owns 7,212 shares of the company’s stock valued at $467,000 after acquiring an additional 171 shares during the period. Berkshire Bank raised its position in shares of Fastenal by 3.1% in the 3rd quarter. Berkshire Bank now owns 5,777 shares of the company’s stock valued at $316,000 after acquiring an additional 174 shares during the period. OmniStar Financial Group Inc. raised its position in shares of Fastenal by 1.1% in the 3rd quarter. OmniStar Financial Group Inc. now owns 15,960 shares of the company’s stock valued at $873,000 after acquiring an additional 174 shares during the period. Finally, Koshinski Asset Management Inc. raised its position in shares of Fastenal by 3.8% in the 4th quarter. Koshinski Asset Management Inc. now owns 5,075 shares of the company’s stock valued at $329,000 after acquiring an additional 186 shares during the period. 81.38% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

FAST has been the topic of a number of analyst reports. HSBC increased their price target on shares of Fastenal from $59.00 to $64.00 and gave the company a “hold” rating in a research report on Monday, April 15th. Stifel Nicolaus raised their target price on shares of Fastenal from $75.00 to $85.00 and gave the stock a “buy” rating in a report on Monday, March 18th. Robert W. Baird dropped their target price on shares of Fastenal from $77.00 to $71.00 and set a “neutral” rating on the stock in a report on Friday, April 12th. Finally, Loop Capital dropped their target price on shares of Fastenal from $71.00 to $66.00 and set a “hold” rating on the stock in a report on Monday, April 15th. Five analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $67.67.

Insider Activity

In related news, VP Charles S. Miller sold 23,590 shares of the firm’s stock in a transaction on Monday, January 22nd. The shares were sold at an average price of $69.25, for a total value of $1,633,607.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In related news, VP Charles S. Miller sold 23,590 shares of the firm’s stock in a transaction on Monday, January 22nd. The shares were sold at an average price of $69.25, for a total value of $1,633,607.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider William Joseph Drazkowski sold 11,968 shares of the firm’s stock in a transaction on Thursday, January 25th. The shares were sold at an average price of $69.10, for a total transaction of $826,988.80. Following the completion of the transaction, the insider now directly owns 5,997 shares of the company’s stock, valued at $414,392.70. The disclosure for this sale can be found here. Insiders have sold 71,640 shares of company stock worth $5,044,657 over the last ninety days. Insiders own 0.41% of the company’s stock.

Fastenal Price Performance

NASDAQ FAST opened at $67.57 on Friday. The company has a quick ratio of 2.49, a current ratio of 4.83 and a debt-to-equity ratio of 0.06. Fastenal has a 12-month low of $52.28 and a 12-month high of $79.04. The company has a market capitalization of $38.69 billion, a PE ratio of 33.45, a price-to-earnings-growth ratio of 3.53 and a beta of 1.05. The firm’s 50 day moving average is $73.62 and its 200-day moving average is $66.29.

Fastenal (NASDAQ:FAST) last posted its quarterly earnings data on Thursday, April 11th. The company reported $0.52 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.01). Fastenal had a net margin of 15.68% and a return on equity of 33.98%. The business had revenue of $1.90 billion during the quarter, compared to analyst estimates of $1.91 billion. During the same quarter last year, the business earned $0.52 earnings per share. Fastenal’s revenue for the quarter was up 1.9% on a year-over-year basis. Equities research analysts anticipate that Fastenal will post 2.13 earnings per share for the current fiscal year.

Fastenal Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 23rd. Stockholders of record on Thursday, April 25th will be issued a $0.39 dividend. The ex-dividend date is Wednesday, April 24th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 2.31%. Fastenal’s dividend payout ratio (DPR) is presently 77.23%.

Fastenal Company Profile

Fastenal Company, together with its subsidiaries, engages in the wholesale distribution of industrial and construction supplies in the United States, Canada, Mexico, North America, and internationally. It offers fasteners, and related industrial and construction supplies under the Fastenal name. The company's fastener products include threaded fasteners, bolts, nuts, screws, studs, and related washers that are used in manufactured products and construction projects, as well as in the maintenance and repair of machines.