Guggenheim Capital LLC Sells 1,651 Shares of Casey's General Stores, Inc. (NASDAQ:CASY)

Guggenheim Capital LLC decreased its position in shares of Casey's General Stores, Inc. (NASDAQ:CASY - Free Report) by 47.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,835 shares of the company's stock after selling 1,651 shares during the period. Guggenheim Capital LLC's holdings in Casey's General Stores were worth $727,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in the company. YANKCOM Partnership bought a new position in shares of Casey's General Stores in the 4th quarter valued at $34,000. Endeavor Private Wealth Inc. acquired a new stake in Casey's General Stores in the fourth quarter valued at about $36,000. MassMutual Private Wealth & Trust FSB boosted its stake in Casey's General Stores by 24.2% in 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 in the last quarter. Heck Capital Advisors LLC bought a new position in Casey's General Stores in the fourth quarter valued at about $79,000. Finally, V Square Quantitative Management LLC raised its stake in Casey's General Stores by 32.9% during the fourth quarter. V Square Quantitative Management LLC now owns 210 shares of the company's stock worth $83,000 after acquiring an additional 52 shares in the last quarter. 85.63% of the stock is owned by institutional investors.

Casey's General Stores Trading Up 1.5 %

NASDAQ:CASY traded up $6.89 on Monday, reaching $454.23. 291,143 shares of the stock traded hands, compared to its average volume of 286,393. The company has a current ratio of 0.88, a quick ratio of 0.49 and a debt-to-equity ratio of 0.74. Casey's General Stores, Inc. has a 1-year low of $313.67 and a 1-year high of $468.88. The company's 50 day moving average is $423.31 and its 200-day moving average is $413.61. The firm has a market capitalization of $16.86 billion, a price-to-earnings ratio of 31.65, a price-to-earnings-growth ratio of 2.40 and a beta of 0.74.

Casey's General Stores (NASDAQ:CASY - Get Free Report) last posted its quarterly earnings data on Tuesday, March 11th. The company reported $2.33 earnings per share for the quarter, topping the consensus estimate of $1.76 by $0.57. Casey's General Stores had a net margin of 3.57% and a return on equity of 17.17%. The company had revenue of $3.90 billion during the quarter, compared to analysts' expectations of $3.74 billion. During the same period in the prior year, the company posted $2.33 earnings per share. Casey's General Stores's revenue for the quarter was up 17.2% compared to the same quarter last year. 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 announced a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Thursday, May 1st will be given a dividend of $0.50 per share. The ex-dividend date of this dividend is Thursday, May 1st. This represents a $2.00 annualized dividend and a dividend yield of 0.44%. Casey's General Stores's payout ratio is 13.94%.

Insider Buying and Selling

In related news, insider Katrina S. Lindsey sold 250 shares of the stock in a transaction on Friday, April 4th. The shares were sold at an average price of $437.01, for a total transaction of $109,252.50. Following the transaction, the insider now directly owns 2,443 shares of the company's stock, valued at $1,067,615.43. This represents a 9.28 % 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 the SEC website. Also, Director Mike Spanos purchased 256 shares of the firm's stock in a transaction on Thursday, March 13th. The stock was bought at an average cost of $390.54 per share, with a total value of $99,978.24. Following the completion of the purchase, the director now owns 3,356 shares of the company's stock, valued at approximately $1,310,652.24. This represents a 8.26 % increase in their position. The disclosure for this purchase can be found here. 0.56% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on CASY shares. Evercore ISI lifted their price target on shares of Casey's General Stores from $450.00 to $460.00 and gave the company an "outperform" rating in a report on Tuesday, April 1st. KeyCorp began coverage on shares of Casey's General Stores in a research note on Friday, April 11th. They set an "overweight" rating and a $500.00 target price on the stock. StockNews.com cut Casey's General Stores from a "buy" rating to a "hold" rating in a research note on Saturday, March 8th. Royal Bank of Canada set a $438.00 price objective on Casey's General Stores and gave the stock a "sector perform" rating in a research report on Wednesday, March 12th. Finally, Gordon Haskett upgraded Casey's General Stores from a "hold" rating to a "buy" rating in a research report on Thursday, February 13th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $430.33.

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.