Casey's General Stores, Inc. (NASDAQ:CASY) Stock Position Cut by Voya Investment Management LLC

Voya Investment Management LLC trimmed its holdings in shares of Casey's General Stores, Inc. (NASDAQ:CASY - Free Report) by 24.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 8,077 shares of the company's stock after selling 2,549 shares during the period. Voya Investment Management LLC's holdings in Casey's General Stores were worth $3,200,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the business. Natixis grew its holdings in Casey's General Stores by 21.9% during the fourth quarter. Natixis now owns 8,337 shares of the company's stock worth $3,303,000 after acquiring an additional 1,499 shares during the period. Sanctuary Advisors LLC grew its stake in shares of Casey's General Stores by 55.6% during the 4th quarter. Sanctuary Advisors LLC now owns 8,579 shares of the company's stock worth $3,629,000 after purchasing an additional 3,065 shares during the period. Scholtz & Company LLC purchased a new position in shares of Casey's General Stores in the 4th quarter valued at about $2,375,000. JLB & Associates Inc. boosted its holdings in Casey's General Stores by 1.8% during the fourth quarter. JLB & Associates Inc. now owns 43,029 shares of the company's stock worth $17,049,000 after buying an additional 749 shares in the last quarter. Finally, Segall Bryant & Hamill LLC grew its position in Casey's General Stores by 9.1% during the fourth quarter. Segall Bryant & Hamill LLC now owns 53,330 shares of the company's stock worth $21,131,000 after buying an additional 4,458 shares during the period. 85.63% of the stock is owned by hedge funds and other institutional investors.

Casey's General Stores Trading Up 0.3 %

NASDAQ CASY traded up $1.47 during mid-day trading on Wednesday, reaching $468.67. 88,501 shares of the stock were exchanged, compared to its average volume of 284,815. Casey's General Stores, Inc. has a 1-year low of $313.89 and a 1-year high of $486.03. The business's fifty day simple moving average is $429.58 and its 200 day simple moving average is $416.95. 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 stock has a market capitalization of $17.40 billion, a PE ratio of 32.65, a PEG ratio of 2.40 and a beta of 0.70.

Casey's General Stores (NASDAQ:CASY - Get Free Report) last announced its quarterly earnings results 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 firm 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 firm's revenue was up 17.2% on a year-over-year basis. During the same period in the prior year, the company earned $2.33 EPS. On average, research analysts anticipate 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 company also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Thursday, May 1st will be issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 0.43%. The ex-dividend date is Thursday, May 1st. Casey's General Stores's dividend payout ratio is presently 13.94%.

Insider Transactions at Casey's General Stores

In other news, Director Mike Spanos bought 256 shares of the firm's stock in a transaction on Thursday, March 13th. The stock was purchased at an average price of $390.54 per share, for a total transaction of $99,978.24. Following the transaction, the director now owns 3,356 shares in the company, valued at approximately $1,310,652.24. This trade represents a 8.26 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Katrina S. Lindsey sold 250 shares of Casey's General Stores stock in a transaction that occurred 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 sale, the insider now directly owns 2,443 shares in the company, valued at approximately $1,067,615.43. This trade represents a 9.28 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.56% of the company's stock.

Wall Street Analyst Weigh In

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 note on Wednesday, March 12th. Stephens upgraded Casey's General Stores to a "strong-buy" rating in a research report on Monday, April 7th. StockNews.com cut Casey's General Stores from a "buy" rating to a "hold" rating in a research report on Saturday, March 8th. 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. Finally, KeyCorp started coverage on shares of Casey's General Stores in a report on Friday, April 11th. They set an "overweight" rating and a $500.00 target price for the company. One research analyst has rated the stock with a sell rating, three have issued a hold rating, eight have given a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat, Casey's General Stores has an average rating of "Moderate Buy" and a consensus 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.