Casey’s General Stores, Inc. (NASDAQ:CASY) Shares Sold by Tower Research Capital LLC TRC

Tower Research Capital LLC TRC cut its stake in Casey’s General Stores, Inc. (NASDAQ:CASY) by 16.8% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,000 shares of the company’s stock after selling 403 shares during the quarter. Tower Research Capital LLC TRC’s holdings in Casey’s General Stores were worth $792,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. MML Investors Services LLC increased its position in Casey’s General Stores by 7.9% during the fourth quarter. MML Investors Services LLC now owns 4,505 shares of the company’s stock worth $1,785,000 after purchasing an additional 329 shares during the last quarter. Mesirow Institutional Investment Management Inc. grew its stake in shares of Casey’s General Stores by 2.4% in the 4th quarter. Mesirow Institutional Investment Management Inc. now owns 7,084 shares of the company’s stock valued at $2,807,000 after buying an additional 166 shares during the period. MetLife Investment Management LLC increased its holdings in shares of Casey’s General Stores by 8.9% during the 4th quarter. MetLife Investment Management LLC now owns 21,205 shares of the company’s stock worth $8,402,000 after buying an additional 1,734 shares during the last quarter. Natixis raised its position in shares of Casey’s General Stores by 21.9% during the 4th quarter. Natixis now owns 8,337 shares of the company’s stock valued at $3,303,000 after buying an additional 1,499 shares during the period. Finally, Claret Asset Management Corp acquired a new position in Casey’s General Stores in the fourth quarter valued at approximately $208,000. Hedge funds and other institutional investors own 85.63% of the company’s stock.

Casey’s General Stores Stock Performance

Shares of CASY opened at $447.34 on Friday. Casey’s General Stores, Inc. has a 1 year low of $313.67 and a 1 year high of $468.88. The stock has a market capitalization of $16.60 billion, a PE ratio of 31.17, a PEG ratio of 2.40 and a beta of 0.74. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.49 and a current ratio of 0.88. The stock has a 50-day simple moving average of $423.31 and a 200-day simple moving average of $413.38.

Casey’s General Stores (NASDAQ:CASY) last posted its quarterly earnings results on Tuesday, March 11th. The company reported $2.33 earnings per share for the quarter, beating analysts’ consensus estimates of $1.76 by $0.57. The company had revenue of $3.90 billion for the quarter, compared to analysts’ expectations of $3.74 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 up 17.2% on a year-over-year basis. During the same period last year, the firm earned $2.33 earnings per share. On average, analysts predict 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 business also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Thursday, May 1st will be paid a dividend of $0.50 per share. The ex-dividend date of this dividend is Thursday, May 1st. This represents a $2.00 annualized dividend and a yield of 0.45%. Casey’s General Stores’s dividend payout ratio is currently 13.94%.

Insider Buying and Selling at Casey’s General Stores

In other news, Director Mike Spanos acquired 256 shares of the firm’s stock in a transaction dated Thursday, March 13th. The stock was acquired at an average cost of $390.54 per share, with a total value of $99,978.24. Following the completion of the acquisition, the director now owns 3,356 shares of the company’s stock, valued at $1,310,652.24. The trade was a 8.26 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Katrina S. Lindsey sold 250 shares of Casey’s General Stores stock in a transaction on Friday, April 4th. The shares were sold at an average price of $437.01, for a total transaction of $109,252.50. Following the completion of the transaction, the insider now directly owns 2,443 shares in the company, valued at $1,067,615.43. The trade was a 9.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.56% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on CASY shares. StockNews.com downgraded Casey’s General Stores from a “buy” rating to a “hold” rating in a research report on Saturday, March 8th. KeyCorp initiated coverage on shares of Casey’s General Stores in a report on Friday, April 11th. They issued an “overweight” rating and a $500.00 price objective on the stock. Stephens raised shares of Casey’s General Stores to a “strong-buy” rating in a research note on Monday, April 7th. Gordon Haskett raised shares of Casey’s General Stores from a “hold” rating to a “buy” rating in a research report on Thursday, February 13th. Finally, Evercore ISI boosted their target price on Casey’s General Stores from $450.00 to $460.00 and gave the company an “outperform” rating in a research report on Tuesday, April 1st. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, eight have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $430.33.

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.