Casey's General Stores, Inc. (NASDAQ:CASY) Stock Holdings Lessened by Wedge Capital Management L L P NC

Wedge Capital Management L L P NC decreased its position in shares of Casey's General Stores, Inc. (NASDAQ:CASY - Free Report) by 8.3% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 118,711 shares of the company's stock after selling 10,769 shares during the period. Wedge Capital Management L L P NC owned 0.32% of Casey's General Stores worth $47,037,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the company. Venturi Wealth Management LLC raised its stake 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 purchasing an additional 113 shares during the period. V Square Quantitative Management LLC raised its stake in 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 worth $59,000 after purchasing an additional 29 shares during the period. Quarry LP purchased a new position in Casey's General Stores during the second quarter worth approximately $72,000. Kennebec Savings Bank purchased a new position in Casey's General Stores during the third quarter worth approximately $76,000. Finally, Peterson Financial Group Inc. purchased a new position in Casey's General Stores during the third quarter worth approximately $118,000. Hedge funds and other institutional investors own 85.63% of the company's stock.

Casey's General Stores Stock Up 0.1 %

CASY traded up $0.53 during trading hours on Friday, reaching $391.51. 265,738 shares of the stock traded hands, compared to its average volume of 192,887. The firm's fifty day simple moving average is $408.49 and its two-hundred day simple moving average is $388.91. The company has a market cap of $14.53 billion, a price-to-earnings ratio of 27.28, a PEG ratio of 2.20 and a beta of 0.82. Casey's General Stores, Inc. has a fifty-two week low of $268.07 and a fifty-two week high of $439.68. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.88 and a quick ratio of 0.49.

Casey's General Stores (NASDAQ:CASY - Get Free Report) last released its quarterly earnings results on Monday, December 9th. The company reported $4.85 earnings per share for the quarter, beating analysts' consensus estimates of $4.29 by $0.56. The business had revenue of $3.95 billion during 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 business's revenue was down 2.9% on a year-over-year basis. During the same period last year, the business earned $4.24 EPS. As a group, analysts forecast 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 company also recently declared a quarterly dividend, which will be paid on Monday, February 17th. Investors of record on Monday, February 3rd will be issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 0.51%. The ex-dividend date of this dividend is Monday, February 3rd. Casey's General Stores's payout ratio is 13.94%.

Insiders Place Their Bets

In other Casey's General Stores 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 transaction 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 $959,761.11. This trade represents a 16.69 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Mike Spanos acquired 500 shares of the firm's stock in a transaction 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 completion of the acquisition, the director now owns 3,097 shares in the company, valued at $1,228,765.72. This 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 company insiders.

Analyst Upgrades and Downgrades

CASY has been the topic of a number of recent analyst reports. StockNews.com downgraded shares of Casey's General Stores from a "strong-buy" rating to a "buy" rating in a research note on Friday, December 13th. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Casey's General Stores from $451.00 to $454.00 and gave the stock a "buy" rating in a research report on Wednesday, November 6th. Melius Research started coverage on shares of Casey's General Stores in a research report on Monday, September 23rd. They issued a "buy" rating and a $435.00 price objective for the company. 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. Finally, Gordon Haskett started coverage on shares of Casey's General Stores in a research report on Monday, November 4th. They issued a "hold" rating and a $400.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $424.00.

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.