Leeward Investments LLC MA Reduces Stake in Casey’s General Stores, Inc. (NASDAQ:CASY)

Leeward Investments LLC MA lowered its holdings in shares of Casey’s General Stores, Inc. (NASDAQ:CASY) by 3.2% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 19,179 shares of the company’s stock after selling 630 shares during the quarter. Leeward Investments LLC MA owned approximately 0.05% of Casey’s General Stores worth $7,599,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. FMR LLC boosted its stake in shares of Casey’s General Stores by 3.8% during the 3rd quarter. FMR LLC now owns 1,046,830 shares of the company’s stock worth $393,305,000 after acquiring an additional 38,226 shares during the last quarter. JPMorgan Chase & Co. increased its position in Casey’s General Stores by 18.7% in the third quarter. JPMorgan Chase & Co. now owns 758,804 shares of the company’s stock worth $285,090,000 after buying an additional 119,350 shares in the last quarter. Geode Capital Management LLC increased its position in Casey’s General Stores by 1.3% in the third quarter. Geode Capital Management LLC now owns 655,488 shares of the company’s stock worth $246,335,000 after buying an additional 8,428 shares in the last quarter. Franklin Resources Inc. increased its position in Casey’s General Stores by 49.9% in the third quarter. Franklin Resources Inc. now owns 524,237 shares of the company’s stock worth $204,861,000 after buying an additional 174,586 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its position in Casey’s General Stores by 0.3% in the third quarter. Charles Schwab Investment Management Inc. now owns 273,332 shares of the company’s stock worth $102,694,000 after buying an additional 702 shares in the last quarter. Hedge funds and other institutional investors own 85.63% of the company’s stock.

Casey’s General Stores Trading Down 3.6 %

Shares of Casey’s General Stores stock opened at $405.59 on Monday. The firm has a market cap of $15.06 billion, a price-to-earnings ratio of 28.26, a PEG ratio of 2.40 and a beta of 0.83. The business has a 50-day moving average price of $410.12 and a 200-day moving average price of $397.05. 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 twelve month low of $288.11 and a twelve month high of $445.17.

Casey’s General Stores (NASDAQ:CASY) last issued its quarterly earnings data on Monday, December 9th. The company reported $4.85 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.29 by $0.56. The business had revenue of $3.95 billion for the quarter, compared to analysts’ expectations of $4.03 billion. Casey’s General Stores had a return on equity of 17.17% and a net margin of 3.57%. The company’s revenue for the quarter was down 2.9% on a year-over-year basis. During the same period in the prior year, the firm earned $4.24 EPS. Equities research analysts anticipate that Casey’s General Stores, Inc. will post 13.94 EPS for the current fiscal year.

Casey’s General Stores Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, February 17th. Shareholders of record on Monday, February 3rd were paid a $0.50 dividend. The ex-dividend date of this dividend was Monday, February 3rd. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.49%. Casey’s General Stores’s payout ratio is currently 13.94%.

Analyst Upgrades and Downgrades

A number of brokerages have commented on CASY. BMO Capital Markets restated a “market perform” rating and issued a $450.00 price target (up previously from $400.00) on shares of Casey’s General Stores in a research report on Wednesday, December 18th. Gordon Haskett upgraded shares of Casey’s General Stores from a “hold” rating to a “buy” rating in a research note on Thursday, February 13th. Royal Bank of Canada upped their target price on shares of Casey’s General Stores from $403.00 to $428.00 and gave the stock a “sector perform” rating in a report on Tuesday, December 10th. StockNews.com raised Casey’s General Stores from a “hold” rating to a “buy” rating in a report on Tuesday, February 18th. Finally, Evercore ISI upped their price objective on Casey’s General Stores from $460.00 to $470.00 and gave the stock an “outperform” rating in a research note on Friday, December 13th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $424.00.

Insiders Place Their Bets

In other Casey’s General Stores news, insider Katrina S. Lindsey sold 450 shares of the company’s stock in a transaction that occurred on Thursday, December 12th. The stock was sold at an average price of $427.13, for a total transaction of $192,208.50. Following the sale, the insider now directly owns 2,247 shares in the company, valued at $959,761.11. This represents a 16.69 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director Mike Spanos acquired 500 shares of the firm’s stock in a transaction on Monday, December 23rd. The shares were bought at an average price of $396.76 per share, for a total transaction of $198,380.00. Following the completion of the transaction, the director now 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 disclosure for this purchase can be found here. Corporate insiders own 0.56% of the company’s stock.

Casey’s General Stores Company 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.