Casey's General Stores, Inc. (NASDAQ:CASY) Shares Sold by Leeward Investments LLC MA

Leeward Investments LLC MA reduced its holdings in Casey's General Stores, Inc. (NASDAQ:CASY - Free Report) by 3.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 19,179 shares of the company's stock after selling 630 shares during the period. Leeward Investments LLC MA owned about 0.05% of Casey's General Stores worth $7,599,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. YANKCOM Partnership acquired a new stake in Casey's General Stores in the 4th quarter worth about $34,000. Endeavor Private Wealth Inc. purchased a new position in shares of Casey's General Stores in the fourth quarter valued at approximately $36,000. Venturi Wealth Management LLC boosted its stake in shares of 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 acquiring an additional 113 shares during the last quarter. MassMutual Private Wealth & Trust FSB increased its position 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 worth $59,000 after purchasing an additional 29 shares in the last quarter. Finally, Heck Capital Advisors LLC acquired a new position in Casey's General Stores in the 4th quarter valued at $79,000. 85.63% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on CASY. Evercore ISI lifted their price objective on 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. Gordon Haskett upgraded shares of Casey's General Stores from a "hold" rating to a "buy" rating in a research report on Thursday, February 13th. Deutsche Bank Aktiengesellschaft lifted their target price 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 boosted 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. Finally, StockNews.com raised Casey's General Stores from a "hold" rating to a "buy" rating in a report on Tuesday, February 18th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $424.00.

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Insiders Place Their Bets

In other Casey's General Stores news, Director Mike Spanos acquired 500 shares of the firm's stock in a transaction dated Monday, December 23rd. The shares were acquired at an average price of $396.76 per share, for a total transaction of $198,380.00. Following the completion of the acquisition, the director now directly owns 3,097 shares of the company's stock, valued at $1,228,765.72. This trade represents a 19.25 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Katrina S. Lindsey sold 450 shares of Casey's General Stores 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 sale, the insider now directly owns 2,247 shares of the company's stock, valued at approximately $959,761.11. This represents a 16.69 % decrease in their position. The disclosure for this sale can be found here. 0.56% of the stock is owned by corporate insiders.

Casey's General Stores Price Performance

Shares of NASDAQ CASY traded down $6.91 during trading on Thursday, reaching $409.09. The company had a trading volume of 181,028 shares, compared to its average volume of 273,685. 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 twelve month low of $290.00 and a twelve month high of $445.17. The stock has a 50-day moving average price of $410.15 and a two-hundred day moving average price of $397.79. The stock has a market capitalization of $15.18 billion, a PE ratio of 28.51, a price-to-earnings-growth ratio of 2.40 and a beta of 0.83.

Casey's General Stores (NASDAQ:CASY - Get Free Report) last announced its earnings results on Monday, December 9th. The company reported $4.85 earnings per share for the quarter, beating the consensus estimate of $4.29 by $0.56. Casey's General Stores had a net margin of 3.57% and a return on equity of 17.17%. The firm had revenue of $3.95 billion during the quarter, compared to the consensus estimate of $4.03 billion. During the same quarter in the previous year, the company posted $4.24 EPS. The firm's revenue for the quarter was down 2.9% on a year-over-year basis. As a group, sell-side analysts predict 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 announced a quarterly dividend, which was paid on Monday, February 17th. Investors of record on Monday, February 3rd were given a dividend of $0.50 per share. The ex-dividend date was Monday, February 3rd. This represents a $2.00 dividend on an annualized basis and a yield of 0.49%. Casey's General Stores's dividend payout ratio (DPR) is currently 13.94%.

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.