Deutsche Bank AG Sells 3,624 Shares of Casey's General Stores, Inc. (NASDAQ:CASY)

Deutsche Bank AG trimmed its position in Casey's General Stores, Inc. (NASDAQ:CASY - Free Report) by 8.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 38,767 shares of the company's stock after selling 3,624 shares during the quarter. Deutsche Bank AG owned about 0.10% of Casey's General Stores worth $15,361,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Dean Capital Management lifted its holdings in shares of Casey's General Stores by 2.4% in the 4th quarter. Dean Capital Management now owns 3,896 shares of the company's stock worth $1,544,000 after acquiring an additional 93 shares during the last quarter. Cetera Investment Advisers raised its position in Casey's General Stores by 2.1% in the 4th quarter. Cetera Investment Advisers now owns 17,604 shares of the company's stock valued at $6,975,000 after purchasing an additional 355 shares in the last quarter. BOKF NA raised its holdings in shares of Casey's General Stores by 3,508.8% in the 4th quarter. BOKF NA now owns 4,114 shares of the company's stock valued at $1,588,000 after purchasing an additional 4,000 shares in the last quarter. Capstone Investment Advisors LLC acquired a new stake in shares of Casey's General Stores during the 4th quarter worth about $335,000. Finally, Captrust Financial Advisors raised its position in shares of Casey's General Stores by 12.5% during the 4th quarter. Captrust Financial Advisors now owns 4,042 shares of the company's stock worth $1,602,000 after acquiring an additional 448 shares in the last quarter. 85.63% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

CASY has been the topic of several research analyst reports. Royal Bank of Canada set a $438.00 price target on Casey's General Stores and gave the stock a "sector perform" rating in a research report on Wednesday, March 12th. KeyCorp began coverage on shares of Casey's General Stores in a research report on Friday, April 11th. They issued an "overweight" rating and a $500.00 price target on the stock. Evercore ISI raised their price target on 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. StockNews.com lowered Casey's General Stores from a "buy" rating to a "hold" rating in a research report on Saturday, March 8th. Finally, Stephens raised shares of Casey's General Stores to a "strong-buy" rating in a research report on Monday, April 7th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, eight have assigned a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, Casey's General Stores has an average rating of "Moderate Buy" and an average price target of $430.33.

Insider Activity at Casey's General Stores

In other news, insider Katrina S. Lindsey sold 250 shares of the business's stock in a transaction dated Friday, April 4th. The shares were sold at an average price of $437.01, for a total transaction of $109,252.50. Following the transaction, the insider now owns 2,443 shares in the company, valued at approximately $1,067,615.43. The trade was a 9.28% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Mike Spanos acquired 256 shares of the stock in a transaction dated Thursday, March 13th. The shares were purchased at an average price of $390.54 per share, for a total transaction of $99,978.24. Following the completion of the transaction, the director now owns 3,356 shares of the company's stock, valued at $1,310,652.24. This trade represents a 8.26% increase in their position. The disclosure for this purchase can be found here. Insiders own 0.56% of the company's stock.

Casey's General Stores Price Performance

CASY traded down $0.06 during trading on Monday, reaching $456.09. The stock had a trading volume of 230,590 shares, compared to its average volume of 290,865. The firm has a market capitalization of $16.93 billion, a price-to-earnings ratio of 31.78, a price-to-earnings-growth ratio of 2.40 and a beta of 0.70. The company has a quick ratio of 0.49, a current ratio of 0.88 and a debt-to-equity ratio of 0.74. Casey's General Stores, Inc. has a 1-year low of $313.89 and a 1-year high of $474.97. The stock has a 50 day moving average of $437.09 and a two-hundred day moving average of $420.03.

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

Casey's General Stores Dividend Announcement

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

About Casey's General Stores

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.