Casey's General Stores, Inc. (NASDAQ:CASY) Shares Sold by AQR Capital Management LLC

AQR Capital Management LLC reduced its position in Casey's General Stores, Inc. (NASDAQ:CASY - Free Report) by 24.5% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 46,400 shares of the company's stock after selling 15,051 shares during the period. AQR Capital Management LLC owned 0.13% of Casey's General Stores worth $18,385,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the company. YANKCOM Partnership purchased a new position in shares of Casey's General Stores during the fourth quarter worth approximately $34,000. Endeavor Private Wealth Inc. acquired a new position in Casey's General Stores in the fourth quarter valued at $36,000. MassMutual Private Wealth & Trust FSB raised its holdings in shares of Casey's General Stores by 24.2% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 149 shares of the company's stock valued at $59,000 after buying an additional 29 shares during the last quarter. Heck Capital Advisors LLC acquired a new stake in shares of Casey's General Stores during the fourth quarter worth about $79,000. Finally, V Square Quantitative Management LLC grew its holdings in shares of Casey's General Stores by 32.9% during the fourth quarter. V Square Quantitative Management LLC now owns 210 shares of the company's stock worth $83,000 after buying an additional 52 shares during the last quarter. 85.63% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Casey's General Stores

In other news, Director Mike Spanos acquired 256 shares of Casey's General Stores stock in a transaction that occurred on Thursday, March 13th. The shares were acquired at an average price of $390.54 per share, with a total value of $99,978.24. Following the completion of the purchase, the director now owns 3,356 shares of the company's stock, valued at approximately $1,310,652.24. This represents a 8.26 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Katrina S. Lindsey sold 250 shares of the business's stock in a transaction on Friday, April 4th. The shares were sold at an average price of $437.01, for a total value of $109,252.50. Following the completion of the transaction, the insider now owns 2,443 shares of the company's stock, valued at $1,067,615.43. This trade represents a 9.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.56% of the stock is currently owned by corporate insiders.

Casey's General Stores Price Performance

NASDAQ CASY traded down $12.84 during trading hours on Thursday, reaching $453.12. The company's stock had a trading volume of 471,565 shares, compared to its average volume of 286,056. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.49 and a current ratio of 0.88. The company's 50-day moving average is $430.61 and its two-hundred day moving average is $417.29. Casey's General Stores, Inc. has a fifty-two week low of $313.89 and a fifty-two week high of $474.97. The stock has a market cap of $16.82 billion, a PE ratio of 31.58, a PEG ratio of 2.40 and a beta of 0.70.

Casey's General Stores (NASDAQ:CASY - Get Free Report) last issued its quarterly earnings data on Tuesday, March 11th. The company reported $2.33 earnings per share for the quarter, topping analysts' consensus estimates of $1.76 by $0.57. The business had revenue of $3.90 billion during the quarter, compared to analysts' expectations of $3.74 billion. Casey's General Stores had a net margin of 3.57% and a return on equity of 17.17%. The company's revenue was up 17.2% on a year-over-year basis. During the same period last year, the company posted $2.33 EPS. Analysts forecast that Casey's General Stores, Inc. will post 13.94 EPS for the current year.

Casey's General Stores Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Thursday, May 1st will be given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 0.44%. The ex-dividend date of this dividend is Thursday, May 1st. Casey's General Stores's dividend payout ratio is presently 13.94%.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the company. KeyCorp assumed coverage on Casey's General Stores in a research report on Friday, April 11th. They set an "overweight" rating and a $500.00 price objective for the company. Stephens upgraded shares of Casey's General Stores to a "strong-buy" rating in a research report on Monday, April 7th. Royal Bank of Canada set a $438.00 price objective on shares of Casey's General Stores and gave the stock a "sector perform" rating in a research report on Wednesday, March 12th. Evercore ISI boosted their price target on shares of Casey's General Stores from $450.00 to $460.00 and gave the stock an "outperform" rating in a research note on Tuesday, April 1st. Finally, Gordon Haskett upgraded shares of Casey's General Stores from a "hold" rating to a "buy" rating in a research report on Thursday, February 13th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, eight have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $430.33.

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.