Guggenheim Capital LLC Decreases Position in Casey's General Stores, Inc. (NASDAQ:CASY)

Guggenheim Capital LLC lessened its holdings in Casey's General Stores, Inc. (NASDAQ:CASY - Free Report) by 47.4% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,835 shares of the company's stock after selling 1,651 shares during the period. Guggenheim Capital LLC's holdings in Casey's General Stores were worth $727,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of CASY. HighPoint Advisor Group LLC lifted its stake in Casey's General Stores by 1.7% in the fourth quarter. HighPoint Advisor Group LLC now owns 1,468 shares of the company's stock valued at $628,000 after purchasing an additional 25 shares during the last quarter. MassMutual Private Wealth & Trust FSB lifted its stake in Casey's General Stores by 24.2% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 149 shares of the company's stock valued at $59,000 after purchasing an additional 29 shares during the last quarter. Harbour Investments Inc. lifted its stake in Casey's General Stores by 3.1% in the fourth quarter. Harbour Investments Inc. now owns 1,002 shares of the company's stock valued at $397,000 after purchasing an additional 30 shares during the last quarter. Laidlaw Wealth Management LLC lifted its stake in Casey's General Stores by 3.1% in the fourth quarter. Laidlaw Wealth Management LLC now owns 1,063 shares of the company's stock valued at $421,000 after purchasing an additional 32 shares during the last quarter. Finally, M&T Bank Corp lifted its position in shares of Casey's General Stores by 2.1% during the fourth quarter. M&T Bank Corp now owns 1,802 shares of the company's stock worth $714,000 after acquiring an additional 37 shares in the last quarter. Hedge funds and other institutional investors own 85.63% of the company's stock.

Insider Activity at Casey's General Stores

In other Casey's General Stores news, insider Katrina S. Lindsey sold 250 shares of the firm's stock in a transaction 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 owns 2,443 shares of the company's stock, valued at $1,067,615.43. This trade represents a 9.28 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Mike Spanos bought 256 shares of the company's stock in a transaction dated Thursday, March 13th. The stock was bought at an average cost of $390.54 per share, with a total value of $99,978.24. Following the completion of 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 position. The disclosure for this purchase can be found here. 0.56% of the stock is owned by insiders.

Casey's General Stores Price Performance

Shares of NASDAQ:CASY traded down $0.81 during trading on Wednesday, reaching $462.59. The company had a trading volume of 341,897 shares, compared to its average volume of 286,009. The company has a fifty day moving average of $425.87 and a two-hundred day moving average of $414.76. The stock has a market capitalization of $17.17 billion, a P/E ratio of 32.24, a price-to-earnings-growth ratio of 2.40 and a beta of 0.74. Casey's General Stores, Inc. has a 12 month low of $313.67 and a 12 month high of $468.88. The company has a current ratio of 0.88, a quick ratio of 0.49 and a debt-to-equity ratio of 0.74.

Casey's General Stores (NASDAQ:CASY - Get Free Report) last issued its quarterly earnings results on Tuesday, March 11th. The company reported $2.33 EPS for the quarter, topping analysts' consensus estimates of $1.76 by $0.57. The firm had revenue of $3.90 billion for 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 revenue for the quarter was up 17.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.33 EPS. Equities research analysts forecast that Casey's General Stores, Inc. will post 13.94 earnings per share for the current year.

Casey's General Stores Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Thursday, May 1st will be issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 0.43%. The ex-dividend date of this dividend is Thursday, May 1st. Casey's General Stores's dividend payout ratio is currently 13.94%.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on CASY shares. Royal Bank of Canada set a $438.00 price target on Casey's General Stores and gave the company a "sector perform" rating in a research report on Wednesday, March 12th. KeyCorp started coverage on 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. Evercore ISI lifted their target price on Casey's General Stores from $450.00 to $460.00 and gave the company an "outperform" rating in a report on Tuesday, April 1st. StockNews.com lowered Casey's General Stores from a "buy" rating to a "hold" rating in a report on Saturday, March 8th. Finally, Stephens raised Casey's General Stores to a "strong-buy" rating in a report on Monday, April 7th. One research analyst has rated the stock with a sell rating, three have given a hold rating, eight have issued a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price 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.