Fifth Third Wealth Advisors LLC Sells 31 Shares of Casey’s General Stores, Inc. (NASDAQ:CASY)

Fifth Third Wealth Advisors LLC cut its position in Casey’s General Stores, Inc. (NASDAQ:CASY) by 1.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,008 shares of the company’s stock after selling 31 shares during the quarter. Fifth Third Wealth Advisors LLC’s holdings in Casey’s General Stores were worth $796,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently made changes to their positions in CASY. Federated Hermes Inc. boosted its position in shares of Casey’s General Stores by 6.8% during the 2nd quarter. Federated Hermes Inc. now owns 4,275 shares of the company’s stock valued at $1,631,000 after acquiring an additional 273 shares during the last quarter. Dimensional Fund Advisors LP increased its position in shares of Casey’s General Stores by 3.2% in the second quarter. Dimensional Fund Advisors LP now owns 468,650 shares of the company’s stock worth $178,822,000 after purchasing an additional 14,750 shares during the last quarter. Bradley Foster & Sargent Inc. CT purchased a new stake in Casey’s General Stores in the second quarter valued at approximately $274,000. Mercer Global Advisors Inc. ADV lifted its position in Casey’s General Stores by 1,754.5% during the second quarter. Mercer Global Advisors Inc. ADV now owns 45,880 shares of the company’s stock valued at $17,506,000 after purchasing an additional 43,406 shares during the last quarter. Finally, Argent Trust Co purchased a new position in Casey’s General Stores in the 2nd quarter worth approximately $270,000. 85.63% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts have recently issued reports on CASY shares. Gordon Haskett initiated coverage on shares of Casey’s General Stores in a report on Monday, November 4th. They set a “hold” rating and a $400.00 price objective for the company. Melius Research started coverage on Casey’s General Stores in a research note on Monday, September 23rd. They set a “buy” rating and a $435.00 price target for the company. Royal Bank of Canada increased their price objective on Casey’s General Stores from $403.00 to $428.00 and gave the company a “sector perform” rating in a research report on Tuesday, December 10th. JPMorgan Chase & Co. downgraded Casey’s General Stores from a “neutral” rating to an “underweight” rating and boosted their target price for the stock from $300.00 to $337.00 in a research report on Thursday, September 19th. Finally, StockNews.com cut shares of Casey’s General Stores from a “strong-buy” rating to a “buy” rating in a research report on Friday, December 13th. 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’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $424.00.

Casey’s General Stores Stock Performance

NASDAQ:CASY opened at $390.98 on Friday. 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 $14.51 billion, a PE ratio of 27.25, a price-to-earnings-growth ratio of 2.20 and a beta of 0.82. The business has a 50 day moving average price of $409.37 and a 200-day moving average price of $388.80.

Casey’s General Stores (NASDAQ:CASY) last announced its quarterly 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. The business had revenue of $3.95 billion during the quarter, compared to analysts’ expectations of $4.03 billion. Casey’s General Stores had a net margin of 3.57% and a return on equity of 17.17%. The firm’s revenue for the quarter was down 2.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $4.24 EPS. Equities research 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 firm also recently announced a quarterly dividend, which will be paid on Monday, February 17th. Investors of record on Monday, February 3rd will be paid a $0.50 dividend. The ex-dividend date of this dividend is Monday, February 3rd. This represents a $2.00 annualized dividend and a dividend yield of 0.51%. Casey’s General Stores’s payout ratio is presently 13.94%.

Insider Activity at Casey’s General Stores

In related news, Director Mike Spanos purchased 500 shares of the business’s stock in a transaction that occurred on 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 in the company, valued at approximately $1,228,765.72. The trade was a 19.25 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Katrina S. Lindsey sold 450 shares of the business’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 transaction, the insider now directly owns 2,247 shares in the company, valued at approximately $959,761.11. The trade was a 16.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.56% of the stock is owned by company insiders.

Casey’s General Stores 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.