ProShare Advisors LLC Decreases Holdings in Casey’s General Stores, Inc. $CASY

ProShare Advisors LLC reduced its holdings in shares of Casey’s General Stores, Inc. (NASDAQ:CASYFree Report) by 8.8% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 61,797 shares of the company’s stock after selling 5,954 shares during the quarter. ProShare Advisors LLC’s holdings in Casey’s General Stores were worth $34,156,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also made changes to their positions in the company. FSB Premier Wealth Management Inc. boosted its holdings in Casey’s General Stores by 0.8% in the fourth quarter. FSB Premier Wealth Management Inc. now owns 2,338 shares of the company’s stock valued at $1,292,000 after purchasing an additional 18 shares in the last quarter. Central Pacific Bank Trust Division increased its stake in Casey’s General Stores by 52.8% in the fourth quarter. Central Pacific Bank Trust Division now owns 55 shares of the company’s stock valued at $30,000 after purchasing an additional 19 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Casey’s General Stores by 9.1% during the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 227 shares of the company’s stock worth $128,000 after purchasing an additional 19 shares in the last quarter. ORG Partners LLC raised its holdings in Casey’s General Stores by 47.6% during the fourth quarter. ORG Partners LLC now owns 62 shares of the company’s stock worth $34,000 after purchasing an additional 20 shares in the last quarter. Finally, Scotia Capital Inc. lifted its position in shares of Casey’s General Stores by 2.9% during the 3rd quarter. Scotia Capital Inc. now owns 720 shares of the company’s stock worth $407,000 after buying an additional 20 shares during the last quarter. Institutional investors and hedge funds own 85.63% of the company’s stock.

Insider Transactions at Casey’s General Stores

In other Casey’s General Stores news, Director Mike Spanos bought 300 shares of the firm’s stock in a transaction dated Friday, March 13th. The stock was acquired at an average price of $665.43 per share, for a total transaction of $199,629.00. Following the completion of the purchase, the director owned 4,499 shares of the company’s stock, valued at approximately $2,993,769.57. This represents a 7.14% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Katrina S. Lindsey sold 200 shares of the firm’s stock in a transaction dated Wednesday, March 11th. The stock was sold at an average price of $683.04, for a total value of $136,608.00. Following the transaction, the insider directly owned 4,039 shares in the company, valued at approximately $2,758,798.56. This represents a 4.72% decrease in their position. The SEC filing for this sale provides additional information. 0.54% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several research analysts have recently issued reports on CASY shares. The Goldman Sachs Group upped their target price on shares of Casey’s General Stores from $530.00 to $605.00 and gave the company a “neutral” rating in a report on Wednesday, March 11th. Stephens reissued an “overweight” rating and issued a $680.00 price target on shares of Casey’s General Stores in a research report on Tuesday, March 10th. Northcoast Research downgraded shares of Casey’s General Stores from a “buy” rating to a “neutral” rating in a research note on Wednesday, January 21st. Royal Bank Of Canada raised their price objective on Casey’s General Stores from $662.00 to $713.00 and gave the stock a “sector perform” rating in a report on Tuesday, March 10th. Finally, Wall Street Zen cut Casey’s General Stores from a “buy” rating to a “hold” rating in a research report on Saturday, March 21st. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $737.36.

Check Out Our Latest Stock Analysis on CASY

Casey’s General Stores Stock Performance

Shares of CASY opened at $852.51 on Thursday. 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 firm has a market cap of $31.51 billion, a PE ratio of 48.94, a price-to-earnings-growth ratio of 2.36 and a beta of 0.65. The company’s 50 day simple moving average is $763.05 and its 200-day simple moving average is $654.79. Casey’s General Stores, Inc. has a 12-month low of $433.16 and a 12-month high of $901.00.

Casey’s General Stores (NASDAQ:CASYGet Free Report) last released its quarterly earnings results on Monday, March 9th. The company reported $3.49 EPS for the quarter, beating the consensus estimate of $2.94 by $0.55. The firm had revenue of $3.92 billion during the quarter, compared to the consensus estimate of $4.08 billion. Casey’s General Stores had a net margin of 3.83% and a return on equity of 17.56%. Casey’s General Stores’s revenue for the quarter was up .3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.33 EPS. As a group, equities analysts predict that Casey’s General Stores, Inc. will post 18.24 EPS for the current year.

Casey’s General Stores Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 15th. Shareholders of record on Friday, May 1st were paid a $0.57 dividend. The ex-dividend date was Friday, May 1st. This represents a $2.28 dividend on an annualized basis and a yield of 0.3%. Casey’s General Stores’s payout ratio is currently 13.09%.

Casey’s General Stores Company Profile

(Free Report)

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.

Read More

Want to see what other hedge funds are holding CASY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Casey’s General Stores, Inc. (NASDAQ:CASYFree Report).

Institutional Ownership by Quarter for Casey's General Stores (NASDAQ:CASY)

Receive News & Ratings for Casey's General Stores Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Casey's General Stores and related companies with MarketBeat.com's FREE daily email newsletter.