Copeland Capital Management LLC Sells 5,696 Shares of Casey's General Stores, Inc. (NASDAQ:CASY)

Copeland Capital Management LLC lowered its holdings in Casey's General Stores, Inc. (NASDAQ:CASY - Free Report) by 2.3% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 243,708 shares of the company's stock after selling 5,696 shares during the quarter. Casey's General Stores makes up about 1.8% of Copeland Capital Management LLC's investment portfolio, making the stock its 8th largest holding. Copeland Capital Management LLC owned approximately 0.66% of Casey's General Stores worth $96,565,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in the business. Endeavor Private Wealth Inc. purchased a new position in Casey's General Stores during the fourth quarter valued at $36,000. Venturi Wealth Management LLC lifted 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 valued at $47,000 after acquiring an additional 113 shares during the period. MassMutual Private Wealth & Trust FSB boosted its stake in 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 acquiring an additional 29 shares in the last quarter. V Square Quantitative Management LLC increased its stake 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 purchasing an additional 29 shares in the last quarter. Finally, Heck Capital Advisors LLC purchased a new position in shares of Casey's General Stores during the fourth quarter valued at approximately $79,000. 85.63% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts recently weighed in on the company. Gordon Haskett began coverage on Casey's General Stores in a research report on Monday, November 4th. They set a "hold" rating and a $400.00 price objective for the company. Evercore ISI raised their price objective on shares of Casey's General Stores from $460.00 to $470.00 and gave the company an "outperform" rating in a research note on Friday, December 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 research note on Tuesday, December 10th. StockNews.com cut Casey's General Stores from a "strong-buy" rating to a "buy" rating in a research report on Friday, December 13th. Finally, Deutsche Bank Aktiengesellschaft boosted their target price on shares of Casey's General Stores from $451.00 to $454.00 and gave the company a "buy" rating in a research note on Wednesday, November 6th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $424.00.

Casey's General Stores Trading Up 1.0 %

CASY stock traded up $4.07 during midday trading on Wednesday, reaching $425.06. 121,292 shares of the company traded hands, compared to its average volume of 244,015. The firm has a market capitalization of $15.78 billion, a price-to-earnings ratio of 29.62, a P/E/G ratio of 2.40 and a beta of 0.83. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.49 and a current ratio of 0.88. The business has a 50 day moving average of $408.16 and a 200-day moving average of $392.50. Casey's General Stores, Inc. has a 52-week low of $272.46 and a 52-week 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 EPS for the quarter, topping analysts' consensus estimates of $4.29 by $0.56. The business had revenue of $3.95 billion for the quarter, compared to the consensus estimate of $4.03 billion. Casey's General Stores had a net margin of 3.57% and a return on equity of 17.17%. The company'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 firm earned $4.24 EPS. As a group, sell-side analysts expect 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 business also recently announced a quarterly dividend, which will be paid on Monday, February 17th. Shareholders of record on Monday, February 3rd will be paid a $0.50 dividend. The ex-dividend date is Monday, February 3rd. This represents a $2.00 annualized dividend and a yield of 0.47%. Casey's General Stores's dividend payout ratio (DPR) is presently 13.94%.

Insiders Place Their Bets

In other 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 value of $192,208.50. Following the sale, the insider now directly owns 2,247 shares of the company's stock, valued at $959,761.11. The trade was a 16.69 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Mike Spanos purchased 500 shares of the stock in a transaction dated Monday, December 23rd. The stock was purchased at an average cost of $396.76 per share, for a total transaction of $198,380.00. Following the completion of the purchase, the director now directly owns 3,097 shares of the company's stock, valued at approximately $1,228,765.72. The trade was a 19.25 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.56% of the stock is currently owned by corporate insiders.

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.