Congress Asset Management Co. Sells 44,135 Shares of Casey's General Stores, Inc. (NASDAQ:CASY)

Congress Asset Management Co. cut its stake in shares of Casey's General Stores, Inc. (NASDAQ:CASY - Free Report) by 13.9% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 273,175 shares of the company's stock after selling 44,135 shares during the quarter. Congress Asset Management Co. owned about 0.74% of Casey's General Stores worth $118,569,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Impact Capital Partners LLC bought a new position in shares of Casey's General Stores during the first quarter valued at $202,000. Financial Management Professionals Inc. boosted its position in shares of Casey's General Stores by 7,966.7% during the first quarter. Financial Management Professionals Inc. now owns 242 shares of the company's stock valued at $105,000 after buying an additional 239 shares during the last quarter. Clarus Wealth Advisors purchased a new stake in shares of Casey's General Stores during the first quarter valued at $282,000. Orser Capital Management LLC boosted its position in shares of Casey's General Stores by 13.3% during the first quarter. Orser Capital Management LLC now owns 2,040 shares of the company's stock valued at $885,000 after buying an additional 240 shares during the last quarter. Finally, Whipplewood Advisors LLC boosted its position in shares of Casey's General Stores by 160.0% during the first quarter. Whipplewood Advisors LLC now owns 117 shares of the company's stock valued at $51,000 after buying an additional 72 shares during the last quarter. 85.63% of the stock is currently owned by institutional investors.

Casey's General Stores Stock Performance

NASDAQ:CASY traded down $1.65 on Friday, hitting $444.04. The stock had a trading volume of 403,585 shares, compared to its average volume of 299,708. The business's 50-day simple moving average is $447.69 and its two-hundred day simple moving average is $424.07. 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 52-week low of $322.78 and a 52-week high of $474.97. The stock has a market cap of $16.48 billion, a price-to-earnings ratio of 30.94, a price-to-earnings-growth ratio of 2.40 and a beta of 0.65.

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, topping the consensus estimate of $1.76 by $0.57. The firm had revenue of $3.90 billion for the quarter, compared to the consensus estimate of $3.74 billion. Casey's General Stores had a return on equity of 17.17% and a net margin of 3.57%. The business's revenue for the quarter was up 17.2% compared to the same quarter last year. During the same quarter last year, the company earned $2.33 earnings per share. As a group, research analysts predict that Casey's General Stores, Inc. will post 13.94 earnings per share for the current year.

Insider Activity at Casey's General Stores

In other Casey's General Stores news, Director Mike Spanos bought 256 shares of the firm's stock in a transaction that occurred on Thursday, March 13th. The shares were bought at an average price of $390.54 per share, with a total value of $99,978.24. Following the purchase, 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 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 $1,067,615.43. This trade 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 corporate insiders.

Wall Street Analysts Forecast Growth

CASY has been the topic of several recent analyst reports. Wall Street Zen cut Casey's General Stores from a "buy" rating to a "hold" rating in a research report on Friday, May 30th. KeyCorp initiated 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 on the stock. Royal Bank of Canada set a $438.00 price objective on Casey's General Stores and gave the company a "sector perform" rating in a research report on Wednesday, March 12th. Stephens raised Casey's General Stores to a "strong-buy" rating in a research report on Monday, April 7th. Finally, Gordon Haskett raised Casey's General Stores from a "hold" rating to a "buy" rating in a research report on Thursday, February 13th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat, the stock presently has an average 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.