Ameriprise Financial Inc. Trims Holdings in Casey’s General Stores, Inc. (NASDAQ:CASY)

Ameriprise Financial Inc. reduced its position in Casey’s General Stores, Inc. (NASDAQ:CASY) by 3.6% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 204,377 shares of the company’s stock after selling 7,717 shares during the quarter. Ameriprise Financial Inc. owned about 0.55% of Casey’s General Stores worth $80,982,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. HighPoint Advisor Group LLC boosted its holdings in shares of Casey’s General Stores by 1.7% in the 4th quarter. HighPoint Advisor Group LLC now owns 1,468 shares of the company’s stock worth $628,000 after purchasing an additional 25 shares in the last quarter. Dark Forest Capital Management LP lifted its holdings in Casey’s General Stores by 3.2% in the 4th quarter. Dark Forest Capital Management LP now owns 902 shares of the company’s stock worth $357,000 after buying an additional 28 shares during the period. MassMutual Private Wealth & Trust FSB boosted its holdings 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 acquiring an additional 29 shares in the last quarter. Harbour Investments Inc. raised its holdings in Casey’s General Stores by 3.1% in the 4th quarter. Harbour Investments Inc. now owns 1,002 shares of the company’s stock worth $397,000 after purchasing an additional 30 shares in the last quarter. Finally, Laidlaw Wealth Management LLC lifted its holdings in Casey’s General Stores by 3.1% in the fourth quarter. Laidlaw Wealth Management LLC now owns 1,063 shares of the company’s stock worth $421,000 after buying an additional 32 shares during the period. 85.63% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the stock. Stephens raised shares of Casey’s General Stores to a “strong-buy” rating in a research note on Monday, April 7th. Royal Bank of Canada set a $438.00 target price on shares of Casey’s General Stores and gave the company a “sector perform” rating in a research note on Wednesday, March 12th. Evercore ISI increased their price target on shares of Casey’s General Stores from $450.00 to $460.00 and gave the stock an “outperform” rating in a research report on Tuesday, April 1st. Gordon Haskett raised shares of Casey’s General Stores from a “hold” rating to a “buy” rating in a report on Thursday, February 13th. Finally, StockNews.com cut Casey’s General Stores from a “buy” rating to a “hold” rating in a report on Saturday, March 8th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, eight have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $430.33.

Casey’s General Stores Trading Down 2.8 %

Shares of CASY stock opened at $453.12 on Friday. The company has a market cap of $16.82 billion, a PE ratio of 31.58, a price-to-earnings-growth ratio of 2.40 and a beta of 0.70. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.88 and a quick ratio of 0.49. The stock’s 50 day simple moving average is $431.52 and its two-hundred day simple moving average is $417.71. Casey’s General Stores, Inc. has a 1 year low of $313.89 and a 1 year high of $474.97.

Casey’s General Stores (NASDAQ:CASY) last issued its quarterly earnings results on Tuesday, March 11th. The company reported $2.33 EPS for the quarter, beating the consensus estimate of $1.76 by $0.57. Casey’s General Stores had a net margin of 3.57% and a return on equity of 17.17%. The company had revenue of $3.90 billion for the quarter, compared to the consensus estimate of $3.74 billion. During the same period in the prior year, the firm posted $2.33 EPS. The firm’s revenue was up 17.2% compared to the same quarter last year. Research analysts predict that Casey’s General Stores, Inc. will post 13.94 earnings per share for the current year.

Casey’s General Stores Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Thursday, May 1st will be paid a $0.50 dividend. The ex-dividend date of this dividend is Thursday, May 1st. This represents a $2.00 annualized dividend and a yield of 0.44%. Casey’s General Stores’s dividend payout ratio (DPR) is currently 13.94%.

Insider Activity at Casey’s General Stores

In related news, insider Katrina S. Lindsey sold 250 shares of the business’s stock in a transaction on Friday, April 4th. The stock was sold at an average price of $437.01, for a total transaction of $109,252.50. Following 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 position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Mike Spanos acquired 256 shares of the business’s stock in a transaction dated Thursday, March 13th. The shares were bought at an average price of $390.54 per share, for a total transaction of $99,978.24. Following the acquisition, the director now owns 3,356 shares of the company’s stock, valued at approximately $1,310,652.24. This represents a 8.26 % 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 corporate insiders.

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.