DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main Sells 4,475 Shares of Casey’s General Stores, Inc. (NASDAQ:CASY)

DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main trimmed its position in Casey’s General Stores, Inc. (NASDAQ:CASY) by 40.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,542 shares of the company’s stock after selling 4,475 shares during the quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main’s holdings in Casey’s General Stores were worth $2,592,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. YANKCOM Partnership bought a new position in Casey’s General Stores in the 4th quarter valued at $34,000. Endeavor Private Wealth Inc. purchased a new stake in shares of Casey’s General Stores in the fourth quarter worth $36,000. MassMutual Private Wealth & Trust FSB boosted its stake in Casey’s General Stores by 24.2% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 149 shares of the company’s stock valued at $59,000 after buying an additional 29 shares during the period. Heck Capital Advisors LLC purchased a new position in Casey’s General Stores during the fourth quarter worth about $79,000. Finally, V Square Quantitative Management LLC grew its position in Casey’s General Stores by 32.9% during the fourth quarter. V Square Quantitative Management LLC now owns 210 shares of the company’s stock worth $83,000 after buying an additional 52 shares in the last quarter. 85.63% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

CASY has been the subject of a number of research analyst reports. Stephens upgraded Casey’s General Stores to a “strong-buy” rating in a research report on Monday, April 7th. Evercore ISI lifted their target price on shares of 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. Gordon Haskett raised shares of Casey’s General Stores from a “hold” rating to a “buy” rating in a research note on Thursday, February 13th. Royal Bank of Canada set a $438.00 price objective on shares of Casey’s General Stores and gave the company a “sector perform” rating in a research report on Wednesday, March 12th. Finally, KeyCorp started coverage on shares of Casey’s General Stores in a research report on Friday, April 11th. They issued an “overweight” rating and a $500.00 target price for the company. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, eight have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $430.33.

Casey’s General Stores Trading Down 1.3 %

NASDAQ CASY opened at $446.68 on Friday. The firm has a market cap of $16.58 billion, a PE ratio of 31.13, a price-to-earnings-growth ratio of 2.40 and a beta of 0.70. Casey’s General Stores, Inc. has a 1-year low of $313.89 and a 1-year high of $474.97. The stock has a 50-day moving average of $432.29 and a 200-day moving average of $418.29. The company has a current ratio of 0.88, a quick ratio of 0.49 and a debt-to-equity ratio of 0.74.

Casey’s General Stores (NASDAQ:CASY) last released its quarterly earnings data 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. Casey’s General Stores had a return on equity of 17.17% and a net margin of 3.57%. The firm had revenue of $3.90 billion during the quarter, compared to analyst estimates of $3.74 billion. During the same quarter in the prior year, the firm posted $2.33 earnings per share. The business’s quarterly revenue was up 17.2% compared to the same quarter last year. As a group, sell-side analysts forecast that Casey’s General Stores, Inc. will post 13.94 EPS 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. Shareholders of record on Thursday, May 1st will be given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.45%. The ex-dividend date of this dividend is Thursday, May 1st. Casey’s General Stores’s payout ratio is 13.94%.

Insider Activity

In other news, insider Katrina S. Lindsey sold 250 shares of the business’s stock in a transaction that occurred 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 of the company’s stock, valued at approximately $1,067,615.43. The trade was a 9.28 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Mike Spanos purchased 256 shares of the business’s stock in a transaction that occurred on Thursday, March 13th. The stock was 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 $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. Insiders own 0.56% of the company’s stock.

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.