Clearbridge Investments LLC lowered its stake in shares of Casey’s General Stores, Inc. (NASDAQ:CASY – Free Report) by 11.9% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 629,089 shares of the company’s stock after selling 84,911 shares during the period. Clearbridge Investments LLC’s holdings in Casey’s General Stores were worth $347,704,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in CASY. Northwestern Mutual Wealth Management Co. boosted its stake in Casey’s General Stores by 179,938.2% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 2,659,164 shares of the company’s stock worth $1,469,747,000 after buying an additional 2,657,687 shares during the last quarter. Norges Bank acquired a new position in Casey’s General Stores during the fourth quarter worth $265,163,000. Goldman Sachs Group Inc. boosted its stake in Casey’s General Stores by 175.3% during the fourth quarter. Goldman Sachs Group Inc. now owns 471,536 shares of the company’s stock worth $260,622,000 after buying an additional 300,249 shares during the last quarter. Victory Capital Management Inc. boosted its stake in Casey’s General Stores by 35.4% during the third quarter. Victory Capital Management Inc. now owns 791,415 shares of the company’s stock worth $447,403,000 after buying an additional 206,777 shares during the last quarter. Finally, M&T Bank Corp boosted its stake in Casey’s General Stores by 15,024.5% during the fourth quarter. M&T Bank Corp now owns 193,140 shares of the company’s stock worth $106,750,000 after buying an additional 191,863 shares during the last quarter. Institutional investors and hedge funds own 85.63% of the company’s stock.
Insider Buying and Selling at Casey’s General Stores
In other news, Director Mike Spanos acquired 300 shares of the business’s stock in a transaction that occurred on Friday, March 13th. The shares were purchased at an average price of $665.43 per share, for a total transaction of $199,629.00. Following the acquisition, the director owned 4,499 shares of the company’s stock, valued at $2,993,769.57. This represents a 7.14% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Katrina S. Lindsey sold 200 shares of the business’s stock in a transaction on Wednesday, March 11th. The shares were sold at an average price of $683.04, for a total value of $136,608.00. Following the completion of the sale, the insider owned 4,039 shares in the company, valued at $2,758,798.56. This represents a 4.72% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.54% of the stock is currently owned by insiders.
Analyst Ratings Changes
View Our Latest Report on CASY
Casey’s General Stores Price Performance
CASY stock opened at $761.91 on Friday. The company has a current ratio of 1.04, a quick ratio of 0.64 and a debt-to-equity ratio of 0.61. The company has a market capitalization of $28.16 billion, a PE ratio of 43.74, a P/E/G ratio of 2.11 and a beta of 0.61. Casey’s General Stores, Inc. has a 12-month low of $433.63 and a 12-month high of $901.00. The business’s fifty day moving average price is $788.35 and its 200 day moving average price is $675.39.
Casey’s General Stores (NASDAQ:CASY – Get Free Report) last posted its quarterly earnings data on Monday, March 9th. The company reported $3.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.94 by $0.55. The firm had revenue of $3.92 billion for the quarter, compared to the consensus estimate of $4.08 billion. Casey’s General Stores had a return on equity of 17.56% and a net margin of 3.83%.The company’s quarterly revenue was up .3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.33 EPS. On average, sell-side analysts anticipate that Casey’s General Stores, Inc. will post 18.16 EPS for the current year.
Casey’s General Stores Company Profile
Casey’s General Stores, Inc (NASDAQ: CASY) is a U.S.-based convenience store chain that operates retail fuel stations and food-focused convenience outlets. Founded in 1959 in Boone, Iowa, the company has grown from a single neighborhood store into a regional operator known for combining traditional convenience retailing—fuel, packaged goods and tobacco—with a larger emphasis on fresh and prepared foods.
The company’s stores typically offer gasoline and diesel alongside a range of grocery essentials, grab-and-go items and made-to-order foodservice.
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