WealthPlan Investment Management LLC Trims Stock Position in Casey’s General Stores, Inc. (NASDAQ:CASY)

WealthPlan Investment Management LLC cut its position in shares of Casey’s General Stores, Inc. (NASDAQ:CASY) by 8.4% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 37,667 shares of the company’s stock after selling 3,456 shares during the quarter. Casey’s General Stores makes up 1.5% of WealthPlan Investment Management LLC’s portfolio, making the stock its 13th largest holding. WealthPlan Investment Management LLC’s holdings in Casey’s General Stores were worth $14,925,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Private Trust Co. NA boosted its holdings in shares of Casey’s General Stores by 1.3% in the third quarter. Private Trust Co. NA now owns 2,072 shares of the company’s stock valued at $778,000 after acquiring an additional 27 shares during the period. V Square Quantitative Management LLC grew its position in Casey’s General Stores by 22.5% during the 3rd 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 last quarter. MassMutual Private Wealth & Trust FSB increased its stake in Casey’s General Stores by 24.2% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 149 shares of the company’s stock valued at $59,000 after purchasing an additional 29 shares during the period. Verus Capital Partners LLC raised its holdings in shares of Casey’s General Stores by 3.1% in the third quarter. Verus Capital Partners LLC now owns 991 shares of the company’s stock valued at $372,000 after buying an additional 30 shares during the last quarter. Finally, CIBC Asset Management Inc boosted its stake in shares of Casey’s General Stores by 3.3% during the third quarter. CIBC Asset Management Inc now owns 1,078 shares of the company’s stock worth $405,000 after buying an additional 34 shares during the period. 85.63% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Casey’s General Stores

In other Casey’s General Stores news, insider Katrina S. Lindsey sold 450 shares of the stock in a transaction on Thursday, December 12th. The stock was sold at an average price of $427.13, for a total transaction of $192,208.50. Following the sale, the insider now owns 2,247 shares in the company, valued at approximately $959,761.11. This represents a 16.69 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Mike Spanos purchased 500 shares of the business’s stock in a transaction dated Monday, December 23rd. The stock was 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 of the company’s stock, valued at approximately $1,228,765.72. The trade was 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 currently owned by insiders.

Analyst Ratings Changes

CASY has been the topic of several recent research reports. BMO Capital Markets restated a “market perform” rating and issued a $450.00 price target (up previously from $400.00) on shares of Casey’s General Stores in a research report on Wednesday, December 18th. Evercore ISI upped their price target on Casey’s General Stores from $460.00 to $470.00 and gave the stock an “outperform” rating in a research note on Friday, December 13th. Royal Bank of Canada increased their price target on Casey’s General Stores from $403.00 to $428.00 and gave the stock a “sector perform” rating in a report on Tuesday, December 10th. StockNews.com cut shares of Casey’s General Stores from a “buy” rating to a “hold” rating in a research note on Monday, February 10th. Finally, Gordon Haskett upgraded shares of Casey’s General Stores from a “hold” rating to a “buy” rating in a research note on Thursday. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $424.00.

Casey’s General Stores Stock Down 2.3 %

CASY stock opened at $432.17 on Friday. The company has a current ratio of 0.88, a quick ratio of 0.49 and a debt-to-equity ratio of 0.74. The company’s 50-day moving average price is $410.19 and its 200 day moving average price is $395.24. Casey’s General Stores, Inc. has a 52 week low of $284.57 and a 52 week high of $445.17. The company has a market cap of $16.04 billion, a P/E ratio of 30.12, a P/E/G ratio of 2.48 and a beta of 0.83.

Casey’s General Stores (NASDAQ:CASY) last released its quarterly earnings data 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 firm had revenue of $3.95 billion during the quarter, compared to the consensus estimate of $4.03 billion. Casey’s General Stores had a return on equity of 17.17% and a net margin of 3.57%. Casey’s General Stores’s quarterly revenue was down 2.9% on a year-over-year basis. During the same period last year, the business posted $4.24 EPS. On average, research analysts expect that Casey’s General Stores, Inc. will post 13.94 earnings per share for the current fiscal year.

Casey’s General Stores Dividend Announcement

The firm also recently disclosed 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 is Monday, February 3rd. This represents a $2.00 dividend on an annualized basis and a yield of 0.46%. Casey’s General Stores’s payout ratio is 13.94%.

About Casey’s General Stores

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.