Casey’s General Stores, Inc. (NASDAQ:CASY) Shares Purchased by WCM Investment Management LLC

WCM Investment Management LLC raised its holdings in Casey’s General Stores, Inc. (NASDAQ:CASY) by 2.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,969 shares of the company’s stock after acquiring an additional 133 shares during the quarter. WCM Investment Management LLC’s holdings in Casey’s General Stores were worth $1,981,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in the business. Atomi Financial Group Inc. lifted its stake in Casey’s General Stores by 10.0% during the third quarter. Atomi Financial Group Inc. now owns 582 shares of the company’s stock valued at $219,000 after purchasing an additional 53 shares during the last quarter. Ritholtz Wealth Management increased its holdings in shares of Casey’s General Stores by 4.9% in the third quarter. Ritholtz Wealth Management now owns 1,636 shares of the company’s stock valued at $615,000 after buying an additional 77 shares in the last quarter. CHICAGO TRUST Co NA acquired a new stake in shares of Casey’s General Stores during the 3rd quarter valued at $253,000. Koshinski Asset Management Inc. boosted its stake in shares of Casey’s General Stores by 237.4% during the 3rd quarter. Koshinski Asset Management Inc. now owns 2,463 shares of the company’s stock worth $925,000 after acquiring an additional 1,733 shares in the last quarter. Finally, Wedge Capital Management L L P NC grew its holdings in shares of Casey’s General Stores by 7.7% in the 3rd quarter. Wedge Capital Management L L P NC now owns 129,480 shares of the company’s stock worth $48,647,000 after acquiring an additional 9,302 shares during the last quarter. Institutional investors own 85.63% of the company’s stock.

Casey’s General Stores Trading Up 1.3 %

Casey’s General Stores stock opened at $432.17 on Tuesday. Casey’s General Stores, Inc. has a 12 month low of $279.99 and a 12 month high of $439.68. The company has a quick ratio of 0.49, a current ratio of 0.88 and a debt-to-equity ratio of 0.74. The stock has a market cap of $16.04 billion, a P/E ratio of 30.12, a P/E/G ratio of 2.48 and a beta of 0.83. The company’s fifty day simple moving average is $408.95 and its 200-day simple moving average is $394.06.

Casey’s General Stores (NASDAQ:CASY) last released its quarterly earnings data on Monday, December 9th. The company reported $4.85 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.29 by $0.56. Casey’s General Stores had a return on equity of 17.17% and a net margin of 3.57%. The firm had revenue of $3.95 billion during the quarter, compared to analysts’ expectations of $4.03 billion. During the same quarter last year, the firm earned $4.24 earnings per share. The business’s revenue for the quarter was down 2.9% on a year-over-year basis. As a group, sell-side analysts forecast that Casey’s General Stores, Inc. will post 13.94 EPS for the current fiscal year.

Casey’s General Stores Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, February 17th. Investors of record on Monday, February 3rd will be issued a $0.50 dividend. The ex-dividend date of this dividend is Monday, February 3rd. This represents a $2.00 dividend on an annualized basis and a yield of 0.46%. Casey’s General Stores’s dividend payout ratio is currently 13.94%.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the company. StockNews.com downgraded Casey’s General Stores from a “buy” rating to a “hold” rating in a report on Monday. Evercore ISI upped their price objective on shares of Casey’s General Stores from $460.00 to $470.00 and gave the company an “outperform” rating in a research note on Friday, December 13th. BMO Capital Markets reissued a “market perform” rating and issued a $450.00 target price (up from $400.00) on shares of Casey’s General Stores in a research report on Wednesday, December 18th. Gordon Haskett started coverage on shares of Casey’s General Stores in a research report on Monday, November 4th. They issued a “hold” rating and a $400.00 price target for the company. Finally, Royal Bank of Canada raised their price objective on shares of Casey’s General Stores from $403.00 to $428.00 and gave the stock a “sector perform” rating in a research note on Tuesday, December 10th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $424.00.

Insider Activity at Casey’s General Stores

In related news, insider Katrina S. Lindsey sold 450 shares of the company’s stock in a transaction on Thursday, December 12th. The shares were sold at an average price of $427.13, for a total value of $192,208.50. Following the completion of the sale, the insider now directly owns 2,247 shares in the company, valued at approximately $959,761.11. This represents a 16.69 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Mike Spanos bought 500 shares of the stock in a transaction on Monday, December 23rd. The shares were acquired at an average cost of $396.76 per share, for a total transaction of $198,380.00. Following the completion of the transaction, the director now directly owns 3,097 shares of the company’s stock, valued at approximately $1,228,765.72. The trade was a 19.25 % 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.