Thompson Siegel & Walmsley LLC Lowers Stock Position in Casey's General Stores, Inc. (NASDAQ:CASY)

Thompson Siegel & Walmsley LLC decreased its position in shares of Casey's General Stores, Inc. (NASDAQ:CASY - Free Report) by 14.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 25,364 shares of the company's stock after selling 4,252 shares during the quarter. Thompson Siegel & Walmsley LLC owned 0.07% of Casey's General Stores worth $6,969,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. BKM Wealth Management LLC bought a new position in Casey's General Stores during the fourth quarter valued at approximately $29,000. McGlone Suttner Wealth Management Inc. bought a new position in Casey's General Stores during the fourth quarter valued at approximately $36,000. Harvest Fund Management Co. Ltd bought a new position in Casey's General Stores in the third quarter worth approximately $38,000. Milestone Investment Advisors LLC bought a new position in Casey's General Stores in the third quarter worth approximately $43,000. Finally, SRS Capital Advisors Inc. raised its position in Casey's General Stores by 283.7% in the fourth quarter. SRS Capital Advisors Inc. now owns 165 shares of the company's stock worth $45,000 after acquiring an additional 122 shares during the period. Hedge funds and other institutional investors own 85.63% of the company's stock.

Casey's General Stores Price Performance

Shares of CASY traded up $4.70 during mid-day trading on Friday, hitting $337.61. 231,419 shares of the stock were exchanged, compared to its average volume of 299,373. The firm has a 50-day moving average of $313.38 and a two-hundred day moving average of $291.67. Casey's General Stores, Inc. has a 52-week low of $212.50 and a 52-week high of $337.78. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.42 and a current ratio of 0.89. The company has a market cap of $12.50 billion, a PE ratio of 26.84, a price-to-earnings-growth ratio of 2.41 and a beta of 0.82.

Casey's General Stores (NASDAQ:CASY - Get Free Report) last released its quarterly earnings results on Tuesday, March 12th. The company reported $2.33 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.20 by $0.13. Casey's General Stores had a net margin of 3.23% and a return on equity of 16.70%. The company had revenue of $3.33 billion for the quarter, compared to the consensus estimate of $3.51 billion. During the same quarter in the prior year, the firm earned $2.36 earnings per share. Casey's General Stores's revenue was down .1% on a year-over-year basis. On average, equities analysts predict that Casey's General Stores, Inc. will post 12.81 earnings per share for the current year.

Casey's General Stores Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 15th. Investors of record on Wednesday, May 1st will be given a $0.43 dividend. The ex-dividend date of this dividend is Tuesday, April 30th. This represents a $1.72 annualized dividend and a yield of 0.51%. Casey's General Stores's dividend payout ratio is currently 13.67%.

Analyst Ratings Changes

Several research analysts have weighed in on the stock. Evercore ISI decreased their price target on shares of Casey's General Stores from $350.00 to $345.00 and set an "outperform" rating on the stock in a research report on Tuesday, April 16th. StockNews.com downgraded Casey's General Stores from a "strong-buy" rating to a "buy" rating in a research note on Thursday, March 21st. Benchmark reissued a "buy" rating and issued a $312.00 price target on shares of Casey's General Stores in a report on Wednesday, March 6th. Wells Fargo & Company increased their price objective on shares of Casey's General Stores from $305.00 to $340.00 and gave the company an "overweight" rating in a report on Tuesday, March 5th. Finally, BMO Capital Markets boosted their target price on shares of Casey's General Stores from $290.00 to $305.00 and gave the stock a "market perform" rating in a report on Wednesday, March 13th. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $312.63.

Casey's General Stores Company Profile

Casey's General Stores, Inc, together with its subsidiaries, operates convenience stores under the Casey's and Casey's General Store names. Its stores offer pizza, donuts, breakfast items, and sandwiches; and tobacco and nicotine products. The company's stores provide soft drinks, energy, water, sports drinks, juices, coffee, and tea and dairy products; beer, wine, and spirits; snacks, candy, packaged bakery, and other food items; ice, ice cream, meals, and appetizers; health and beauty aids, automotive products, electronic accessories, housewares, and pet supplies; and ATM, lotto/lottery, and prepaid cards.