Shaker Investments LLC OH Lowers Stock Holdings in Casey’s General Stores, Inc. (NASDAQ:CASY)

Shaker Investments LLC OH lowered its stake in Casey’s General Stores, Inc. (NASDAQ:CASY) by 0.6% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 9,901 shares of the company’s stock after selling 62 shares during the period. Casey’s General Stores accounts for about 1.6% of Shaker Investments LLC OH’s holdings, making the stock its 18th largest holding. Shaker Investments LLC OH’s holdings in Casey’s General Stores were worth $3,923,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in CASY. Soros Capital Management LLC boosted its stake in Casey’s General Stores by 1,825.6% in the 3rd quarter. Soros Capital Management LLC now owns 27,632 shares of the company’s stock worth $10,382,000 after purchasing an additional 26,197 shares in the last quarter. PNC Financial Services Group Inc. increased its holdings in shares of Casey’s General Stores by 9.9% in the 3rd quarter. PNC Financial Services Group Inc. now owns 14,725 shares of the company’s stock worth $5,532,000 after purchasing an additional 1,332 shares in the last quarter. U.S. Capital Wealth Advisors LLC bought a new position in shares of Casey’s General Stores during the fourth quarter valued at $369,000. Lord Abbett & CO. LLC purchased a new stake in shares of Casey’s General Stores during the third quarter valued at $23,294,000. Finally, JPMorgan Chase & Co. increased its holdings in Casey’s General Stores by 18.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 758,804 shares of the company’s stock worth $285,090,000 after buying an additional 119,350 shares in the last quarter. Institutional investors own 85.63% of the company’s stock.

Casey’s General Stores Stock Performance

Shares of NASDAQ:CASY opened at $432.17 on Tuesday. The firm has a fifty day simple moving average of $408.95 and a two-hundred day simple moving average of $394.06. 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 capitalization of $16.04 billion, a P/E ratio of 30.12, a PEG ratio of 2.48 and a beta of 0.83. Casey’s General Stores, Inc. has a 52 week low of $279.99 and a 52 week high of $439.68.

Casey’s General Stores (NASDAQ:CASY) last issued its quarterly earnings data on Monday, December 9th. The company reported $4.85 earnings per share for the quarter, topping the consensus estimate of $4.29 by $0.56. The company had revenue of $3.95 billion for the quarter, compared to analysts’ expectations of $4.03 billion. Casey’s General Stores had a return on equity of 17.17% and a net margin of 3.57%. The firm’s revenue for the quarter was down 2.9% on a year-over-year basis. During the same period in the previous year, the firm posted $4.24 earnings per share. On average, analysts expect that Casey’s General Stores, Inc. will post 13.94 earnings per share 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. Shareholders of record on Monday, February 3rd will be paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 0.46%. The ex-dividend date of this dividend is Monday, February 3rd. Casey’s General Stores’s payout ratio is 13.94%.

Analyst Upgrades and Downgrades

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

Insider Activity

In other Casey’s General Stores news, Director Mike Spanos acquired 500 shares of the business’s stock in a transaction that occurred on Monday, December 23rd. The shares were bought at an average cost of $396.76 per share, with a total value of $198,380.00. Following the completion of the acquisition, the director now directly owns 3,097 shares in the company, valued at $1,228,765.72. This represents a 19.25 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Katrina S. Lindsey sold 450 shares of the company’s stock in a transaction on Thursday, December 12th. The stock was sold at an average price of $427.13, for a total value of $192,208.50. Following the sale, the insider now owns 2,247 shares of the company’s stock, valued at approximately $959,761.11. This represents a 16.69 % decrease in their position. The disclosure for this sale 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.