Hantz Financial Services Inc. Sells 1,109 Shares of Casey’s General Stores, Inc. (NASDAQ:CASY)

Hantz Financial Services Inc. reduced its stake in shares of Casey’s General Stores, Inc. (NASDAQ:CASY) by 3.4% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 31,773 shares of the company’s stock after selling 1,109 shares during the quarter. Hantz Financial Services Inc.’s holdings in Casey’s General Stores were worth $12,589,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of CASY. Endeavor Private Wealth Inc. acquired a new position in Casey’s General Stores during the fourth quarter valued at approximately $36,000. Venturi Wealth Management LLC boosted its stake in Casey’s General Stores by 941.7% during the 3rd quarter. Venturi Wealth Management LLC now owns 125 shares of the company’s stock valued at $47,000 after purchasing an additional 113 shares during the period. MassMutual Private Wealth & Trust FSB grew its holdings in Casey’s General Stores by 24.2% in the 4th 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 last quarter. V Square Quantitative Management LLC grew its holdings in Casey’s General Stores by 22.5% in the 3rd quarter. V Square Quantitative Management LLC now owns 158 shares of the company’s stock valued at $59,000 after buying an additional 29 shares during the last quarter. Finally, Quarry LP acquired a new stake in Casey’s General Stores in the 2nd quarter valued at approximately $72,000. 85.63% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Casey’s General Stores

In related news, Director Mike Spanos bought 500 shares of the company’s stock in a transaction that occurred on Monday, December 23rd. The shares were acquired at an average price of $396.76 per share, for a total transaction of $198,380.00. Following the completion of the acquisition, the director now 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 position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Katrina S. Lindsey sold 450 shares of the company’s stock in a transaction that occurred 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 in the company, valued at approximately $959,761.11. This represents a 16.69 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.56% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on CASY. Deutsche Bank Aktiengesellschaft increased their price objective on Casey’s General Stores from $451.00 to $454.00 and gave the company a “buy” rating in a research report on Wednesday, November 6th. Royal Bank of Canada lifted their target price on Casey’s General Stores from $403.00 to $428.00 and gave the stock a “sector perform” rating in a research report on Tuesday, December 10th. Gordon Haskett began coverage on shares of Casey’s General Stores in a report on Monday, November 4th. They issued a “hold” rating and a $400.00 price target on the stock. Evercore ISI lifted their price objective on Casey’s General Stores from $460.00 to $470.00 and gave the company an “outperform” rating in a report on Friday, December 13th. Finally, StockNews.com cut shares of Casey’s General Stores from a “strong-buy” rating to a “buy” rating in a research report on Friday, December 13th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $424.00.

Casey’s General Stores Stock Down 1.0 %

Shares of Casey’s General Stores stock opened at $415.70 on Wednesday. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.88 and a quick ratio of 0.49. The business has a 50-day moving average of $408.28 and a two-hundred day moving average of $391.02. Casey’s General Stores, Inc. has a 1 year low of $268.07 and a 1 year high of $439.68. The company has a market capitalization of $15.43 billion, a P/E ratio of 28.97, a price-to-earnings-growth ratio of 2.29 and a beta of 0.82.

Casey’s General Stores (NASDAQ:CASY) last released its quarterly earnings results on Monday, December 9th. The company reported $4.85 earnings per share for the quarter, beating the consensus estimate of $4.29 by $0.56. Casey’s General Stores had a net margin of 3.57% and a return on equity of 17.17%. The company had revenue of $3.95 billion during the quarter, compared to analysts’ expectations of $4.03 billion. During the same quarter in the prior year, the company earned $4.24 earnings per share. The business’s quarterly revenue was down 2.9% compared to the same quarter last year. As a group, equities analysts predict 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 Monday, February 17th. Investors of record on Monday, February 3rd will be issued a dividend of $0.50 per share. The ex-dividend date of this dividend is Monday, February 3rd. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.48%. Casey’s General Stores’s payout ratio is presently 13.94%.

About Casey’s General Stores

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.