LRT Capital Management LLC Sells 2,557 Shares of Casey’s General Stores, Inc. $CASY

LRT Capital Management LLC cut its stake in Casey’s General Stores, Inc. (NASDAQ:CASY) by 43.7% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 3,297 shares of the company’s stock after selling 2,557 shares during the period. LRT Capital Management LLC’s holdings in Casey’s General Stores were worth $1,864,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Steph & Co. lifted its stake in Casey’s General Stores by 2.2% during the third quarter. Steph & Co. now owns 819 shares of the company’s stock worth $463,000 after purchasing an additional 18 shares during the last quarter. LifeWealth Investments LLC increased its position in shares of Casey’s General Stores by 2.1% during the 3rd quarter. LifeWealth Investments LLC now owns 858 shares of the company’s stock valued at $485,000 after purchasing an additional 18 shares during the last quarter. AdvisorNet Financial Inc increased its position in shares of Casey’s General Stores by 2.8% during the 3rd quarter. AdvisorNet Financial Inc now owns 724 shares of the company’s stock valued at $409,000 after purchasing an additional 20 shares during the last quarter. Scotia Capital Inc. raised its holdings in shares of Casey’s General Stores by 2.9% during the 3rd quarter. Scotia Capital Inc. now owns 720 shares of the company’s stock valued at $407,000 after buying an additional 20 shares in the last quarter. Finally, Panagora Asset Management Inc. raised its holdings in shares of Casey’s General Stores by 0.5% during the 2nd quarter. Panagora Asset Management Inc. now owns 4,147 shares of the company’s stock valued at $2,116,000 after buying an additional 21 shares in the last quarter. Institutional investors own 85.63% of the company’s stock.

Insider Buying and Selling at Casey’s General Stores

In other Casey’s General Stores news, insider Katrina S. Lindsey sold 200 shares of the stock in a transaction on Wednesday, March 11th. The shares were sold at an average price of $683.04, for a total transaction of $136,608.00. Following the completion of the sale, the insider owned 4,039 shares of the company’s stock, valued at $2,758,798.56. This represents a 4.72% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Moats Maria Castanon purchased 300 shares of the business’s stock in a transaction on Monday, January 5th. The stock was purchased at an average cost of $554.66 per share, for a total transaction of $166,398.00. Following the acquisition, the director owned 803 shares in the company, valued at approximately $445,391.98. The trade was a 59.64% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. 0.54% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on CASY. Deutsche Bank Aktiengesellschaft set a $688.00 target price on Casey’s General Stores in a research note on Thursday, January 8th. Weiss Ratings reissued a “buy (b)” rating on shares of Casey’s General Stores in a research note on Monday, December 29th. UBS Group set a $706.00 price objective on shares of Casey’s General Stores in a report on Wednesday, March 11th. The Goldman Sachs Group upped their price objective on shares of Casey’s General Stores from $530.00 to $605.00 and gave the company a “neutral” rating in a research note on Wednesday, March 11th. Finally, Stephens reaffirmed an “overweight” rating and set a $680.00 target price on shares of Casey’s General Stores in a report on Tuesday, March 10th. Eight analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Casey’s General Stores presently has a consensus rating of “Moderate Buy” and a consensus target price of $698.20.

Casey’s General Stores Price Performance

CASY opened at $673.27 on Tuesday. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.04 and a quick ratio of 0.64. The stock’s 50 day simple moving average is $645.94 and its 200 day simple moving average is $582.09. The firm has a market cap of $24.88 billion, a price-to-earnings ratio of 38.65, a PEG ratio of 2.18 and a beta of 0.65. Casey’s General Stores, Inc. has a 1 year low of $386.04 and a 1 year high of $696.66.

Casey’s General Stores (NASDAQ:CASY) last announced its quarterly earnings data on Monday, March 9th. The company reported $3.49 earnings per share for the quarter, beating the consensus estimate of $2.94 by $0.55. The firm had revenue of $3.92 billion during the quarter, compared to the consensus estimate of $4.08 billion. Casey’s General Stores had a return on equity of 17.56% and a net margin of 3.83%.The business’s revenue was up .3% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.33 earnings per share. As a group, analysts predict that Casey’s General Stores, Inc. will post 13.94 earnings per share for the current year.

Casey’s General Stores Announces Dividend

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

Casey’s General Stores Profile

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.