Westover Capital Advisors LLC Sells 33 Shares of Casey’s General Stores, Inc. (NASDAQ:CASY)

Westover Capital Advisors LLC lessened its holdings in shares of Casey’s General Stores, Inc. (NASDAQ:CASY) by 0.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,630 shares of the company’s stock after selling 33 shares during the quarter. Westover Capital Advisors LLC’s holdings in Casey’s General Stores were worth $1,438,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the business. FMR LLC boosted its position in shares of Casey’s General Stores by 3.8% during the 3rd quarter. FMR LLC now owns 1,046,830 shares of the company’s stock valued at $393,305,000 after acquiring an additional 38,226 shares during the last quarter. JPMorgan Chase & Co. boosted its position in shares of Casey’s General Stores by 18.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 758,804 shares of the company’s stock valued at $285,090,000 after acquiring an additional 119,350 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of Casey’s General Stores by 1.3% during the 3rd quarter. Geode Capital Management LLC now owns 655,488 shares of the company’s stock valued at $246,335,000 after acquiring an additional 8,428 shares during the last quarter. Franklin Resources Inc. lifted its position in Casey’s General Stores by 49.9% in the 3rd quarter. Franklin Resources Inc. now owns 524,237 shares of the company’s stock worth $204,861,000 after buying an additional 174,586 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its position in Casey’s General Stores by 1.0% in the 4th quarter. Bank of New York Mellon Corp now owns 340,231 shares of the company’s stock worth $134,810,000 after buying an additional 3,321 shares during the last quarter. Institutional investors own 85.63% of the company’s stock.

Analyst Ratings Changes

CASY has been the subject of a number of recent research reports. Gordon Haskett upgraded Casey’s General Stores from a “hold” rating to a “buy” rating in a research report on Thursday, February 13th. BMO Capital Markets restated a “market perform” rating and issued a $450.00 target price (up previously from $400.00) on shares of Casey’s General Stores in a research report on Wednesday, December 18th. Royal Bank of Canada boosted their target price on Casey’s General Stores from $403.00 to $428.00 and gave the stock a “sector perform” rating in a research report on Tuesday, December 10th. StockNews.com downgraded Casey’s General Stores from a “buy” rating to a “hold” rating in a research report on Thursday, February 27th. Finally, Deutsche Bank Aktiengesellschaft boosted their target price on Casey’s General Stores from $451.00 to $454.00 and gave the stock a “buy” rating in a research report on Wednesday, November 6th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $424.00.

Insider Buying and Selling

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

Casey’s General Stores Price Performance

CASY opened at $408.00 on Tuesday. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.49 and a current ratio of 0.88. Casey’s General Stores, Inc. has a 52-week low of $290.00 and a 52-week high of $445.17. The stock has a market capitalization of $15.14 billion, a PE ratio of 28.43, a price-to-earnings-growth ratio of 2.40 and a beta of 0.83. The stock’s 50 day moving average price is $410.53 and its 200-day moving average price is $398.82.

Casey’s General Stores (NASDAQ:CASY) last posted its earnings results on Monday, December 9th. The company reported $4.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.29 by $0.56. Casey’s General Stores had a return on equity of 17.17% and a net margin of 3.57%. The firm had revenue of $3.95 billion for the quarter, compared to analysts’ expectations of $4.03 billion. During the same period in the previous year, the firm earned $4.24 earnings per share. The business’s revenue was down 2.9% compared to the same quarter last year. On average, equities research analysts predict that Casey’s General Stores, Inc. will post 13.94 EPS for the current year.

Casey’s General Stores Announces Dividend

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

Casey’s General Stores Company Profile

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.