Leeward Investments LLC MA Trims Stake in Casey’s General Stores, Inc. (NASDAQ:CASY)

Leeward Investments LLC MA reduced its position in Casey’s General Stores, Inc. (NASDAQ:CASYFree Report) by 3.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 19,179 shares of the company’s stock after selling 630 shares during the quarter. Leeward Investments LLC MA’s holdings in Casey’s General Stores were worth $7,599,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Redmond Asset Management LLC purchased a new position in Casey’s General Stores during the 4th quarter valued at $1,323,000. JLB & Associates Inc. boosted its holdings in Casey’s General Stores by 1.8% during the 4th quarter. JLB & Associates Inc. now owns 43,029 shares of the company’s stock valued at $17,049,000 after acquiring an additional 749 shares during the period. Freedom Day Solutions LLC increased its stake in Casey’s General Stores by 3.3% in the 4th quarter. Freedom Day Solutions LLC now owns 7,083 shares of the company’s stock worth $2,806,000 after buying an additional 228 shares during the period. Private Advisor Group LLC increased its stake in Casey’s General Stores by 1.6% in the 4th quarter. Private Advisor Group LLC now owns 3,703 shares of the company’s stock worth $1,467,000 after buying an additional 58 shares during the period. Finally, Laidlaw Wealth Management LLC increased its stake in Casey’s General Stores by 3.1% in the 4th quarter. Laidlaw Wealth Management LLC now owns 1,063 shares of the company’s stock worth $421,000 after buying an additional 32 shares during the period. 85.63% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts recently commented on the stock. Deutsche Bank Aktiengesellschaft raised their price target on shares of Casey’s General Stores from $451.00 to $454.00 and gave the stock a “buy” rating in a research note on Wednesday, November 6th. BMO Capital Markets reiterated a “market perform” rating and issued a $450.00 price target (up previously from $400.00) on shares of Casey’s General Stores in a report on Wednesday, December 18th. Royal Bank of Canada boosted their price target on Casey’s General Stores from $403.00 to $428.00 and gave the company a “sector perform” rating in a report on Tuesday, December 10th. Gordon Haskett upgraded Casey’s General Stores from a “hold” rating to a “buy” rating in a research note on Thursday, February 13th. Finally, Evercore ISI raised their price target on Casey’s General Stores from $460.00 to $470.00 and gave the company an “outperform” rating in a research note on Friday, December 13th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $424.00.

Get Our Latest Report on CASY

Casey’s General Stores Trading Down 3.6 %

Shares of NASDAQ:CASY opened at $405.59 on Monday. Casey’s General Stores, Inc. has a 12-month low of $288.11 and a 12-month high of $445.17. The business’s fifty day simple moving average is $410.12 and its 200-day simple moving average is $397.05. The company has a market capitalization of $15.06 billion, a PE ratio of 28.26, a P/E/G ratio of 2.40 and a beta of 0.83. The company has a current ratio of 0.88, a quick ratio of 0.49 and a debt-to-equity ratio of 0.74.

Casey’s General Stores (NASDAQ:CASYGet Free Report) last released its quarterly earnings results on Monday, December 9th. The company reported $4.85 EPS for the quarter, beating the consensus estimate of $4.29 by $0.56. The business had revenue of $3.95 billion during the quarter, compared to analyst estimates of $4.03 billion. Casey’s General Stores had a net margin of 3.57% and a return on equity of 17.17%. The company’s quarterly revenue was down 2.9% on a year-over-year basis. During the same period in the prior year, the firm posted $4.24 earnings per share. As a group, equities research analysts predict that Casey’s General Stores, Inc. will post 13.94 earnings per share for the current fiscal year.

Casey’s General Stores Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, February 17th. Stockholders of record on Monday, February 3rd were given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.49%. The ex-dividend date of this dividend was Monday, February 3rd. Casey’s General Stores’s payout ratio is presently 13.94%.

Insider Activity

In other news, insider Katrina S. Lindsey sold 450 shares of the company’s stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $427.13, for a total transaction of $192,208.50. Following the transaction, the insider now owns 2,247 shares in the company, valued at $959,761.11. This represents a 16.69 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Mike Spanos acquired 500 shares of the firm’s stock in a transaction that occurred on Monday, December 23rd. The stock was bought at an average cost of $396.76 per share, with a total value of $198,380.00. Following the completion of the transaction, the director now directly owns 3,097 shares in the company, valued at $1,228,765.72. The trade was a 19.25 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 0.56% of the company’s stock.

About Casey’s General Stores

(Free Report)

Casey’s General Stores, Inc engages in the provision of management and operation of convenience stores and gasoline stations. It provides self-service gasoline, a wide selection of grocery items, and an array of freshly prepared food items. The firm offers food, beverages, tobacco products, health and beauty aids, automotive products, and other non-food items.

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Institutional Ownership by Quarter for Casey's General Stores (NASDAQ:CASY)

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