Casey’s General Stores, Inc. $CASY Shares Sold by Leeward Investments LLC MA

Leeward Investments LLC MA lowered its stake in shares of Casey’s General Stores, Inc. (NASDAQ:CASY) by 4.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 13,883 shares of the company’s stock after selling 714 shares during the period. Leeward Investments LLC MA’s holdings in Casey’s General Stores were worth $7,674,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the stock. Cannon Global Investment Management LLC purchased a new position in shares of Casey’s General Stores during the 3rd quarter worth $1,018,000. Advisors Capital Management LLC lifted its stake in shares of Casey’s General Stores by 4.4% during the 3rd quarter. Advisors Capital Management LLC now owns 48,355 shares of the company’s stock worth $27,336,000 after purchasing an additional 2,026 shares during the period. Thrivent Financial for Lutherans lifted its stake in shares of Casey’s General Stores by 1.0% during the 3rd quarter. Thrivent Financial for Lutherans now owns 191,156 shares of the company’s stock worth $108,065,000 after purchasing an additional 1,950 shares during the period. GSA Capital Partners LLP lifted its stake in shares of Casey’s General Stores by 61.6% during the 3rd quarter. GSA Capital Partners LLP now owns 2,572 shares of the company’s stock worth $1,454,000 after purchasing an additional 980 shares during the period. Finally, AE Wealth Management LLC lifted its stake in shares of Casey’s General Stores by 82.3% during the 3rd quarter. AE Wealth Management LLC now owns 2,574 shares of the company’s stock worth $1,456,000 after purchasing an additional 1,162 shares during the period. Institutional investors and hedge funds own 85.63% of the company’s stock.

Insider Transactions at Casey’s General Stores

In other Casey’s General Stores news, insider Katrina S. Lindsey sold 200 shares of the business’s stock in a transaction dated Wednesday, March 11th. The stock was sold at an average price of $683.04, for a total transaction of $136,608.00. Following the transaction, the insider owned 4,039 shares in the company, valued at $2,758,798.56. The trade was a 4.72% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Mike Spanos acquired 300 shares of Casey’s General Stores stock in a transaction on Friday, March 13th. The shares were bought at an average price of $665.43 per share, for a total transaction of $199,629.00. Following the purchase, the director owned 4,499 shares of the company’s stock, valued at $2,993,769.57. This represents a 7.14% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders own 0.54% of the company’s stock.

Analysts Set New Price Targets

CASY has been the subject of several research analyst reports. Royal Bank Of Canada upped their price target on shares of Casey’s General Stores from $662.00 to $713.00 and gave the stock a “sector perform” rating in a research report on Tuesday, March 10th. Wells Fargo & Company upped their price target on shares of Casey’s General Stores from $725.00 to $745.00 and gave the stock an “overweight” rating in a research report on Tuesday, March 10th. The Goldman Sachs Group upped their price target on shares of Casey’s General Stores from $530.00 to $605.00 and gave the stock a “neutral” rating in a research report on Wednesday, March 11th. Evercore reaffirmed an “outperform” rating and set a $780.00 price target on shares of Casey’s General Stores in a research report on Tuesday, April 21st. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Casey’s General Stores in a research report on Friday, March 27th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat.com, Casey’s General Stores currently has an average rating of “Moderate Buy” and a consensus target price of $725.09.

Casey’s General Stores Trading Down 2.8%

Shares of CASY opened at $852.75 on Friday. The stock’s 50-day moving average is $751.84 and its two-hundred day moving average is $647.10. The stock has a market cap of $31.52 billion, a PE ratio of 48.95, a P/E/G ratio of 2.43 and a beta of 0.65. Casey’s General Stores, Inc. has a 12 month low of $433.16 and a 12 month high of $901.00. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.04 and a quick ratio of 0.64.

Casey’s General Stores (NASDAQ:CASY) last issued its quarterly earnings data on Monday, March 9th. The company reported $3.49 EPS for the quarter, topping analysts’ consensus estimates of $2.94 by $0.55. The company had revenue of $3.92 billion for the quarter, compared to analysts’ expectations of $4.08 billion. Casey’s General Stores had a return on equity of 17.56% and a net margin of 3.83%.The firm’s quarterly revenue was up .3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.33 earnings per share. Equities analysts forecast that Casey’s General Stores, Inc. will post 18.24 earnings per share for the current fiscal year.

Casey’s General Stores Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 15th. Shareholders of record on Friday, May 1st were paid a dividend of $0.57 per share. This represents a $2.28 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date was Friday, May 1st. Casey’s General Stores’s payout ratio is currently 13.09%.

About Casey’s General Stores

Casey’s General Stores, Inc (NASDAQ: CASY) is a U.S.-based convenience store chain that operates retail fuel stations and food-focused convenience outlets. Founded in 1959 in Boone, Iowa, the company has grown from a single neighborhood store into a regional operator known for combining traditional convenience retailing—fuel, packaged goods and tobacco—with a larger emphasis on fresh and prepared foods.

The company’s stores typically offer gasoline and diesel alongside a range of grocery essentials, grab-and-go items and made-to-order foodservice.