Cresset Asset Management LLC Has $560,000 Stake in Casey's General Stores, Inc. (NASDAQ:CASY)

Cresset Asset Management LLC cut its holdings in shares of Casey's General Stores, Inc. (NASDAQ:CASY - Free Report) by 73.7% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,415 shares of the company's stock after selling 3,970 shares during the quarter. Cresset Asset Management LLC's holdings in Casey's General Stores were worth $560,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of CASY. Cetera Investment Advisers boosted its holdings in shares of Casey's General Stores by 2.1% during the fourth quarter. Cetera Investment Advisers now owns 17,604 shares of the company's stock worth $6,975,000 after purchasing an additional 355 shares during the period. BOKF NA increased its stake in shares of Casey's General Stores by 3,508.8% in the fourth quarter. BOKF NA now owns 4,114 shares of the company's stock worth $1,588,000 after acquiring an additional 4,000 shares during the last quarter. Capstone Investment Advisors LLC purchased a new stake in shares of Casey's General Stores during the fourth quarter worth $335,000. Captrust Financial Advisors boosted its position in Casey's General Stores by 12.5% during the fourth quarter. Captrust Financial Advisors now owns 4,042 shares of the company's stock valued at $1,602,000 after purchasing an additional 448 shares during the last quarter. Finally, Balyasny Asset Management L.P. boosted its position in Casey's General Stores by 2,693.4% during the fourth quarter. Balyasny Asset Management L.P. now owns 58,661 shares of the company's stock valued at $23,243,000 after purchasing an additional 56,561 shares during the last quarter. 85.63% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

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

Casey's General Stores Stock Performance

NASDAQ:CASY traded up $13.72 during mid-day trading on Friday, hitting $456.15. 376,784 shares of the company's stock traded hands, compared to its average volume of 291,108. The company has a current ratio of 0.88, a quick ratio of 0.49 and a debt-to-equity ratio of 0.74. The firm has a 50 day moving average of $437.09 and a two-hundred day moving average of $419.85. The firm has a market capitalization of $16.93 billion, a price-to-earnings ratio of 31.79, a price-to-earnings-growth ratio of 2.40 and a beta of 0.70. Casey's General Stores, Inc. has a 12 month low of $313.89 and a 12 month high of $474.97.

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

Casey's General Stores Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on CASY shares. StockNews.com downgraded Casey's General Stores from a "buy" rating to a "hold" rating in a research note on Saturday, March 8th. Royal Bank of Canada set a $438.00 target price on shares of Casey's General Stores and gave the company a "sector perform" rating in a research note on Wednesday, March 12th. Gordon Haskett upgraded shares of Casey's General Stores from a "hold" rating to a "buy" rating in a research note on Thursday, February 13th. KeyCorp began coverage on shares of Casey's General Stores in a report on Friday, April 11th. They set an "overweight" rating and a $500.00 price target on the stock. Finally, Stephens raised shares of Casey's General Stores to a "strong-buy" rating in a research report on Monday, April 7th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, eight have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $430.33.

Casey's General Stores 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.