New Age Alpha Advisors LLC Sells 2,851 Shares of Casey's General Stores, Inc. (NASDAQ:CASY)

New Age Alpha Advisors LLC trimmed its holdings in Casey's General Stores, Inc. (NASDAQ:CASY - Free Report) by 35.4% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 5,193 shares of the company's stock after selling 2,851 shares during the period. New Age Alpha Advisors LLC's holdings in Casey's General Stores were worth $2,254,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also bought and sold shares of the company. Flagship Harbor Advisors LLC lifted its stake in shares of Casey's General Stores by 4.1% during the 1st quarter. Flagship Harbor Advisors LLC now owns 590 shares of the company's stock valued at $256,000 after buying an additional 23 shares in the last quarter. Burns J W & Co. Inc. NY lifted its position in shares of Casey's General Stores by 2.1% during the first quarter. Burns J W & Co. Inc. NY now owns 1,204 shares of the company's stock worth $522,000 after acquiring an additional 25 shares in the last quarter. Sunbelt Securities Inc. boosted its holdings in shares of Casey's General Stores by 1.4% in the first quarter. Sunbelt Securities Inc. now owns 1,870 shares of the company's stock worth $812,000 after acquiring an additional 26 shares during the period. Iron Horse Wealth Management LLC grew its position in shares of Casey's General Stores by 40.0% in the first quarter. Iron Horse Wealth Management LLC now owns 91 shares of the company's stock valued at $40,000 after purchasing an additional 26 shares in the last quarter. Finally, Menard Financial Group LLC grew its position in shares of Casey's General Stores by 2.1% in the first quarter. Menard Financial Group LLC now owns 1,290 shares of the company's stock valued at $603,000 after purchasing an additional 27 shares in the last quarter. 85.63% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. Stephens reissued an "overweight" rating and set a $490.00 price objective on shares of Casey's General Stores in a report on Tuesday, June 10th. KeyCorp increased their price target on shares of Casey's General Stores from $550.00 to $575.00 and gave the stock an "overweight" rating in a report on Friday, July 25th. Royal Bank Of Canada raised their price objective on shares of Casey's General Stores from $468.00 to $542.00 and gave the company a "sector perform" rating in a research report on Wednesday, July 9th. BMO Capital Markets upped their target price on shares of Casey's General Stores from $450.00 to $515.00 and gave the stock a "market perform" rating in a report on Wednesday, June 11th. Finally, Wall Street Zen raised shares of Casey's General Stores from a "hold" rating to a "buy" rating in a report on Saturday, June 14th. One analyst has rated the stock with a sell rating, three have given a hold rating and nine have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $467.33.

Casey's General Stores Price Performance

Shares of NASDAQ CASY traded up $0.69 during mid-day trading on Friday, reaching $518.97. 209,420 shares of the company were exchanged, compared to its average volume of 261,318. Casey's General Stores, Inc. has a 52 week low of $350.52 and a 52 week high of $531.24. The company's 50 day moving average price is $506.09 and its 200 day moving average price is $456.69. The stock has a market capitalization of $19.30 billion, a PE ratio of 35.45 and a beta of 0.69. The company has a quick ratio of 0.48, a current ratio of 0.92 and a debt-to-equity ratio of 0.69.

Casey's General Stores (NASDAQ:CASY - Get Free Report) last released its quarterly earnings results on Monday, June 9th. The company reported $2.63 earnings per share for the quarter, beating analysts' consensus estimates of $1.94 by $0.69. Casey's General Stores had a return on equity of 16.28% and a net margin of 3.43%. The business had revenue of $3.99 billion for the quarter, compared to the consensus estimate of $3.95 billion. During the same quarter last year, the business posted $2.34 earnings per share. The company's revenue for the quarter was up 10.9% on a year-over-year basis. Sell-side analysts forecast that Casey's General Stores, Inc. will post 13.94 earnings per share for the current fiscal year.

Casey's General Stores Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, August 15th. Shareholders of record on Friday, August 1st will be paid a $0.57 dividend. This is an increase from Casey's General Stores's previous quarterly dividend of $0.50. This represents a $2.28 annualized dividend and a yield of 0.4%. The ex-dividend date of this dividend is Friday, August 1st. Casey's General Stores's payout ratio is currently 15.57%.

Insider Buying and Selling at Casey's General Stores

In other Casey's General Stores news, CEO Darren M. Rebelez sold 20,000 shares of Casey's General Stores stock in a transaction that occurred on Tuesday, June 17th. The shares were sold at an average price of $507.83, for a total transaction of $10,156,600.00. Following the transaction, the chief executive officer directly owned 89,840 shares of the company's stock, valued at approximately $45,623,447.20. This trade represents a 18.21% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Stephen P. Bramlage, Jr. sold 8,478 shares of the company's stock in a transaction on Tuesday, June 17th. The shares were sold at an average price of $509.21, for a total transaction of $4,317,082.38. Following the completion of the sale, the chief financial officer directly owned 26,754 shares of the company's stock, valued at $13,623,404.34. This trade represents a 24.06% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 43,646 shares of company stock valued at $22,136,614. 0.54% of the stock is currently owned by corporate insiders.

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.