Leeward Investments LLC MA trimmed its stake in Casey's General Stores, Inc. (NASDAQ:CASY - Free Report) by 3.3% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 18,538 shares of the company's stock after selling 641 shares during the quarter. Leeward Investments LLC MA's holdings in Casey's General Stores were worth $8,046,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds have also made changes to their positions in the company. Jones Financial Companies Lllp increased its stake in shares of Casey's General Stores by 76.2% during the 4th quarter. Jones Financial Companies Lllp now owns 4,175 shares of the company's stock worth $1,654,000 after purchasing an additional 1,805 shares during the last quarter. SBI Securities Co. Ltd. bought a new stake in Casey's General Stores in the fourth quarter worth $95,000. Steward Partners Investment Advisory LLC boosted its holdings in Casey's General Stores by 11.0% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 13,377 shares of the company's stock worth $5,300,000 after purchasing an additional 1,329 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in Casey's General Stores by 1.2% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 276,529 shares of the company's stock worth $109,569,000 after buying an additional 3,197 shares during the last quarter. Finally, Victory Capital Management Inc. raised its holdings in Casey's General Stores by 10.5% during the fourth quarter. Victory Capital Management Inc. now owns 140,649 shares of the company's stock valued at $55,729,000 after buying an additional 13,387 shares in the last quarter. 85.63% of the stock is owned by hedge funds and other institutional investors.
Casey's General Stores Price Performance
Shares of CASY traded up $5.93 during mid-day trading on Friday, reaching $516.85. The company had a trading volume of 173,672 shares, compared to its average volume of 302,913. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.92 and a quick ratio of 0.48. The company has a market capitalization of $19.22 billion, a P/E ratio of 35.30, a P/E/G ratio of 2.59 and a beta of 0.69. Casey's General Stores, Inc. has a twelve month low of $350.52 and a twelve month high of $517.31. The company's 50-day moving average is $471.16 and its 200-day moving average is $435.39.
Casey's General Stores (NASDAQ:CASY - Get Free Report) last released its quarterly earnings data on Monday, June 9th. The company reported $2.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.94 by $0.69. The firm had revenue of $3.99 billion during the quarter, compared to analyst estimates of $3.95 billion. Casey's General Stores had a return on equity of 16.28% and a net margin of 3.43%. The business's revenue for the quarter was up 10.9% compared to the same quarter last year. During the same period in the prior year, the company posted $2.34 earnings per share. On average, equities analysts anticipate that Casey's General Stores, Inc. will post 13.94 EPS for the current year.
Casey's General Stores Increases Dividend
The company also recently announced a quarterly dividend, which will be paid on Friday, August 15th. Stockholders of record on Friday, August 1st will be paid a $0.57 dividend. The ex-dividend date of this dividend is Friday, August 1st. This represents a $2.28 dividend on an annualized basis and a dividend yield of 0.44%. This is a boost from Casey's General Stores's previous quarterly dividend of $0.50. Casey's General Stores's payout ratio is 13.66%.
Wall Street Analyst Weigh In
A number of research analysts recently weighed in on the company. Evercore ISI raised their price objective on Casey's General Stores from $450.00 to $460.00 and gave the company an "outperform" rating in a research note on Tuesday, April 1st. Stephens reiterated an "overweight" rating and set a $490.00 price target on shares of Casey's General Stores in a report on Tuesday, June 10th. KeyCorp boosted their price objective on shares of Casey's General Stores from $500.00 to $550.00 and gave the stock an "overweight" rating in a research note on Wednesday, June 11th. Wall Street Zen upgraded shares of Casey's General Stores from a "hold" rating to a "buy" rating in a research note on Saturday, June 14th. Finally, 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. One analyst has rated the stock with a sell rating, three have assigned a hold rating and ten have issued a buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $453.00.
Check Out Our Latest Stock Analysis on CASY
Insider Buying and Selling
In related news, insider Katrina S. Lindsey sold 2,000 shares of the stock in a transaction that occurred on Tuesday, June 17th. The stock was sold at an average price of $506.07, for a total transaction of $1,012,140.00. Following the sale, the insider directly owned 4,636 shares in the company, valued at $2,346,140.52. This represents a 30.14% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Darren M. Rebelez sold 20,000 shares of the firm's stock in a transaction on Tuesday, June 17th. The shares were sold at an average price of $507.83, for a total value of $10,156,600.00. Following the sale, the chief executive officer directly owned 89,840 shares of the company's stock, valued at $45,623,447.20. This represents a 18.21% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 43,646 shares of company stock valued at $22,136,614 in the last ninety days. 0.56% of the stock is owned by corporate insiders.
Casey's General Stores Company Profile
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Free Report)
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.
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