New Hampshire Trust Decreases Stake in Casey’s General Stores, Inc. (NASDAQ:CASY)

New Hampshire Trust reduced its stake in shares of Casey’s General Stores, Inc. (NASDAQ:CASY) by 12.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 770 shares of the company’s stock after selling 107 shares during the period. New Hampshire Trust’s holdings in Casey’s General Stores were worth $305,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in CASY. Venturi Wealth Management LLC raised its position in Casey’s General Stores by 941.7% during the 3rd quarter. Venturi Wealth Management LLC now owns 125 shares of the company’s stock worth $47,000 after buying an additional 113 shares during the last quarter. V Square Quantitative Management LLC increased its stake in shares of Casey’s General Stores by 22.5% in the third quarter. V Square Quantitative Management LLC now owns 158 shares of the company’s stock worth $59,000 after acquiring an additional 29 shares during the period. MassMutual Private Wealth & Trust FSB raised its holdings in shares of Casey’s General Stores by 24.2% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 149 shares of the company’s stock worth $59,000 after purchasing an additional 29 shares during the last quarter. Quarry LP acquired a new position in Casey’s General Stores during the second quarter valued at $72,000. Finally, Kennebec Savings Bank purchased a new stake in Casey’s General Stores in the third quarter valued at $76,000. 85.63% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director Mike Spanos purchased 500 shares of the company’s stock in a transaction dated Monday, December 23rd. The stock was acquired at an average cost of $396.76 per share, for a total transaction of $198,380.00. Following the completion of the transaction, the director now directly owns 3,097 shares of the company’s stock, valued at approximately $1,228,765.72. This trade represents a 19.25 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Katrina S. Lindsey sold 450 shares of Casey’s General Stores stock in a transaction that occurred on Thursday, December 12th. The stock was sold at an average price of $427.13, for a total value of $192,208.50. Following the transaction, the insider now owns 2,247 shares in the company, valued at approximately $959,761.11. The trade was a 16.69 % decrease in their position. The disclosure for this sale can be found here. 0.56% of the stock is owned by company insiders.

Casey’s General Stores Stock Performance

CASY opened at $391.51 on Tuesday. The firm’s fifty day simple moving average is $408.10 and its two-hundred day simple moving average is $389.30. Casey’s General Stores, Inc. has a 52-week low of $268.07 and a 52-week high of $439.68. The company has a market cap of $14.53 billion, a price-to-earnings ratio of 27.28, a PEG ratio of 2.20 and a beta of 0.82. 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 (NASDAQ:CASY) last issued its quarterly earnings results on Monday, December 9th. The company reported $4.85 earnings per share for the quarter, beating analysts’ consensus estimates of $4.29 by $0.56. Casey’s General Stores had a net margin of 3.57% and a return on equity of 17.17%. The firm had revenue of $3.95 billion for the quarter, compared to analyst estimates of $4.03 billion. During the same period last year, the company posted $4.24 EPS. Casey’s General Stores’s quarterly revenue was down 2.9% compared to the same quarter last year. Equities analysts anticipate that Casey’s General Stores, Inc. will post 13.94 earnings per share for the current fiscal year.

Casey’s General Stores Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, February 17th. Stockholders of record on Monday, February 3rd will be paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.51%. The ex-dividend date is Monday, February 3rd. Casey’s General Stores’s dividend payout ratio is presently 13.94%.

Analysts Set New Price Targets

A number of research firms have weighed in on CASY. BMO Capital Markets reiterated a “market perform” rating and set a $450.00 price objective (up previously from $400.00) on shares of Casey’s General Stores in a research note on Wednesday, December 18th. StockNews.com cut Casey’s General Stores from a “strong-buy” rating to a “buy” rating in a research report on Friday, December 13th. Melius Research assumed coverage on Casey’s General Stores in a research report on Monday, September 23rd. They issued a “buy” rating and a $435.00 price objective on the stock. Royal Bank of Canada lifted their target price on shares of Casey’s General Stores from $403.00 to $428.00 and gave the company a “sector perform” rating in a report on Tuesday, December 10th. Finally, Deutsche Bank Aktiengesellschaft increased their price target on shares of Casey’s General Stores from $451.00 to $454.00 and gave the stock a “buy” rating in a report on Wednesday, November 6th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, Casey’s General Stores has a consensus rating of “Moderate Buy” and a consensus price target of $424.00.

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.