Kestra Private Wealth Services LLC Decreases Stock Position in Casey’s General Stores, Inc. (NASDAQ:CASY)

Kestra Private Wealth Services LLC cut its stake in Casey’s General Stores, Inc. (NASDAQ:CASY) by 30.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,948 shares of the company’s stock after selling 854 shares during the quarter. Kestra Private Wealth Services LLC’s holdings in Casey’s General Stores were worth $772,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. YANKCOM Partnership bought a new stake in shares of Casey’s General Stores in the 4th quarter worth about $34,000. Endeavor Private Wealth Inc. purchased a new stake in Casey’s General Stores in the 4th quarter worth about $36,000. Venturi Wealth Management LLC lifted its stake in Casey’s General Stores by 941.7% in the third quarter. Venturi Wealth Management LLC now owns 125 shares of the company’s stock worth $47,000 after purchasing an additional 113 shares during the last quarter. V Square Quantitative Management LLC boosted its position in shares of Casey’s General Stores by 22.5% during the third quarter. V Square Quantitative Management LLC now owns 158 shares of the company’s stock valued at $59,000 after buying an additional 29 shares during the period. Finally, MassMutual Private Wealth & Trust FSB grew its stake 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 valued at $59,000 after buying an additional 29 shares during the last quarter. 85.63% of the stock is owned by hedge funds and other institutional investors.

Casey’s General Stores Trading Down 2.3 %

Casey’s General Stores stock opened at $432.17 on Friday. The stock has a 50-day moving average price of $410.19 and a 200 day moving average price of $395.24. The company has a market capitalization of $16.04 billion, a price-to-earnings ratio of 30.12, a price-to-earnings-growth ratio of 2.48 and a beta of 0.83. Casey’s General Stores, Inc. has a 52 week low of $284.57 and a 52 week high of $445.17. 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 announced its quarterly earnings data on Monday, December 9th. The company reported $4.85 EPS for the quarter, beating the consensus estimate of $4.29 by $0.56. The business had revenue of $3.95 billion during the quarter, compared to analysts’ expectations of $4.03 billion. Casey’s General Stores had a net margin of 3.57% and a return on equity of 17.17%. The business’s quarterly revenue was down 2.9% compared to the same quarter last year. During the same period in the previous year, the business posted $4.24 EPS. Sell-side analysts anticipate that Casey’s General Stores, Inc. will post 13.94 EPS for the current year.

Casey’s General Stores Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, February 17th. Shareholders of record on Monday, February 3rd will be given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 0.46%. The ex-dividend date is Monday, February 3rd. Casey’s General Stores’s dividend payout ratio is currently 13.94%.

Insider Buying and Selling at Casey’s General Stores

In related news, 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 transaction of $192,208.50. Following the completion of the transaction, the insider now directly owns 2,247 shares in the company, valued at approximately $959,761.11. This trade represents a 16.69 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Mike Spanos acquired 500 shares of the stock in a transaction on Monday, December 23rd. The stock was bought at an average price of $396.76 per share, for a total transaction of $198,380.00. Following the transaction, the director now owns 3,097 shares in the company, valued at approximately $1,228,765.72. This represents a 19.25 % increase in their position. The disclosure for this purchase can be found here. Company insiders own 0.56% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the company. Gordon Haskett raised Casey’s General Stores from a “hold” rating to a “buy” rating in a research note on Thursday. Royal Bank of Canada boosted 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 research note on Tuesday, December 10th. StockNews.com downgraded shares of Casey’s General Stores from a “buy” rating to a “hold” rating in a research note on Monday, February 10th. BMO Capital Markets reissued a “market perform” rating and issued a $450.00 price objective (up from $400.00) on shares of Casey’s General Stores in a research report on Wednesday, December 18th. Finally, Evercore ISI raised their target price on shares of Casey’s General Stores from $460.00 to $470.00 and gave the stock an “outperform” rating in a research report on Friday, December 13th. One analyst has rated the stock with a sell rating, three have issued a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $424.00.

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.