Koshinski Asset Management Inc. Has $296,000 Stock Holdings in Casey's General Stores, Inc. (NASDAQ:CASY)

Koshinski Asset Management Inc. lessened its stake in shares of Casey's General Stores, Inc. (NASDAQ:CASY - Free Report) by 69.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 746 shares of the company's stock after selling 1,717 shares during the period. Koshinski Asset Management Inc.'s holdings in Casey's General Stores were worth $296,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of CASY. Venturi Wealth Management LLC increased its position in Casey's General Stores by 941.7% during the third quarter. Venturi Wealth Management LLC now owns 125 shares of the company's stock worth $47,000 after acquiring an additional 113 shares during the period. V Square Quantitative Management LLC raised its holdings in Casey's General Stores by 22.5% in the 3rd quarter. V Square Quantitative Management LLC now owns 158 shares of the company's stock valued at $59,000 after acquiring an additional 29 shares in the last quarter. MassMutual Private Wealth & Trust FSB lifted its position in shares of Casey's General Stores by 24.2% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 149 shares of the company's stock worth $59,000 after acquiring an additional 29 shares during the period. Quarry LP acquired a new stake in shares of Casey's General Stores during the 2nd quarter worth approximately $72,000. Finally, Kennebec Savings Bank bought a new stake in shares of Casey's General Stores during the third quarter valued at approximately $76,000. 85.63% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the stock. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Casey's General Stores from $451.00 to $454.00 and gave the stock a "buy" rating in a research note on Wednesday, November 6th. Royal Bank of Canada raised their price target 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. Gordon Haskett began coverage on Casey's General Stores in a research note on Monday, November 4th. They issued a "hold" rating and a $400.00 price objective on the stock. BMO Capital Markets reaffirmed 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 note on Wednesday, December 18th. Finally, StockNews.com lowered Casey's General Stores from a "strong-buy" rating to a "buy" rating in a research note on Friday, December 13th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $424.00.

Insider Transactions at Casey's General Stores

In related news, insider Katrina S. Lindsey sold 450 shares of the firm's stock in a transaction on Thursday, December 12th. The shares were sold at an average price of $427.13, for a total value of $192,208.50. Following the completion of the transaction, the insider now directly owns 2,247 shares of the company's stock, valued at approximately $959,761.11. This trade represents a 16.69 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Mike Spanos acquired 500 shares of the firm's stock in a transaction dated Monday, December 23rd. The stock was purchased at an average cost of $396.76 per share, with a total value 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 trade represents 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 owned by insiders.

Casey's General Stores Trading Up 0.8 %

NASDAQ:CASY traded up $3.46 during mid-day trading on Friday, hitting $411.25. The company had a trading volume of 250,859 shares, compared to its average volume of 239,940. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.49 and a current ratio of 0.88. Casey's General Stores, Inc. has a fifty-two week low of $268.07 and a fifty-two week high of $439.68. The firm has a market cap of $15.27 billion, a P/E ratio of 28.66, a P/E/G ratio of 2.29 and a beta of 0.82. The business's fifty day moving average is $407.69 and its two-hundred day moving average is $389.74.

Casey's General Stores (NASDAQ:CASY - Get Free Report) last issued its quarterly earnings data on Monday, December 9th. The company reported $4.85 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 the consensus estimate of $4.03 billion. Casey's General Stores had a return on equity of 17.17% and a net margin of 3.57%. The firm's revenue was down 2.9% compared to the same quarter last year. During the same quarter last year, the business posted $4.24 EPS. As a group, research analysts expect that Casey's General Stores, Inc. will post 13.94 earnings per share for the current year.

Casey's General Stores Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, February 17th. Stockholders of record on Monday, February 3rd will be given a dividend of $0.50 per share. The ex-dividend date is Monday, February 3rd. This represents a $2.00 annualized dividend and a dividend yield of 0.49%. Casey's General Stores's dividend payout ratio is currently 13.94%.

About Casey's General Stores

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.