Hantz Financial Services Inc. decreased its holdings in Casey's General Stores, Inc. (NASDAQ:CASY - Free Report) by 3.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 31,773 shares of the company's stock after selling 1,109 shares during the period. Hantz Financial Services Inc. owned approximately 0.09% of Casey's General Stores worth $12,589,000 at the end of the most recent quarter.
A number of other institutional investors have also bought and sold shares of CASY. Soros Capital Management LLC raised its stake in Casey's General Stores by 1,825.6% during the third quarter. Soros Capital Management LLC now owns 27,632 shares of the company's stock worth $10,382,000 after purchasing an additional 26,197 shares during the period. PNC Financial Services Group Inc. raised its position in shares of Casey's General Stores by 9.9% during the 3rd quarter. PNC Financial Services Group Inc. now owns 14,725 shares of the company's stock valued at $5,532,000 after buying an additional 1,332 shares during the period. Lord Abbett & CO. LLC acquired a new position in Casey's General Stores in the third quarter valued at approximately $23,294,000. JPMorgan Chase & Co. lifted its holdings 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 valued at $285,090,000 after acquiring an additional 119,350 shares during the last quarter. Finally, FMR LLC grew its position in Casey's General Stores by 3.8% in the third 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 period. 85.63% of the stock is owned by hedge funds and other institutional investors.
Casey's General Stores Stock Performance
Shares of CASY stock traded up $3.89 during trading hours on Wednesday, reaching $419.59. 232,068 shares of the company's stock were exchanged, compared to its average volume of 245,987. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.88 and a quick ratio of 0.49. The company's 50 day moving average is $408.28 and its two-hundred day moving average is $391.02. The company has a market cap of $15.58 billion, a P/E ratio of 29.24, a price-to-earnings-growth ratio of 2.29 and a beta of 0.82. Casey's General Stores, Inc. has a 1 year low of $268.96 and a 1 year high of $439.68.
Casey's General Stores (NASDAQ:CASY - Get Free Report) last issued its earnings results on Monday, December 9th. The company reported $4.85 earnings per share for the quarter, topping the consensus estimate of $4.29 by $0.56. The company had revenue of $3.95 billion for the quarter, compared to analyst estimates of $4.03 billion. Casey's General Stores had a net margin of 3.57% and a return on equity of 17.17%. The firm's revenue for the quarter was down 2.9% compared to the same quarter last year. During the same period in the prior year, the business posted $4.24 earnings per share. Equities research analysts anticipate that Casey's General Stores, Inc. will post 13.94 EPS for the current fiscal year.
Casey's General Stores Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, February 17th. Stockholders of record on Monday, February 3rd will be paid a dividend of $0.50 per share. The ex-dividend date of this dividend is Monday, February 3rd. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.48%. Casey's General Stores's dividend payout ratio (DPR) is 13.94%.
Analyst Upgrades and Downgrades
Several equities analysts have recently commented on the company. Gordon Haskett assumed coverage on Casey's General Stores in a research note on Monday, November 4th. They issued a "hold" rating and a $400.00 price target on the stock. BMO Capital Markets reaffirmed a "market perform" rating and issued a $450.00 target price (up previously from $400.00) on shares of Casey's General Stores in a research report on Wednesday, December 18th. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Casey's General Stores from $451.00 to $454.00 and gave the company a "buy" rating in a research report on Wednesday, November 6th. StockNews.com lowered shares of Casey's General Stores from a "strong-buy" rating to a "buy" rating in a report on Friday, December 13th. Finally, Royal Bank of Canada increased their price objective on shares of Casey's General Stores from $403.00 to $428.00 and gave the stock a "sector perform" rating in a research report on Tuesday, December 10th. One research analyst has rated the stock with a sell rating, three have given a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $424.00.
Check Out Our Latest Analysis on CASY
Insider Buying and Selling
In other news, insider Katrina S. Lindsey sold 450 shares of the company's stock in a transaction dated Thursday, December 12th. The shares were 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 owns 2,247 shares of the company's stock, valued at $959,761.11. This represents a 16.69 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Mike Spanos purchased 500 shares of the company's stock in a transaction that occurred on Monday, December 23rd. The shares were bought at an average cost of $396.76 per share, with a total value of $198,380.00. Following the transaction, the director now directly owns 3,097 shares of the company's stock, valued at $1,228,765.72. The trade was a 19.25 % increase in their position. The disclosure for this purchase can be found here. Insiders own 0.56% of the company's stock.
Casey's General Stores Profile
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Free Report)
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.
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