Casey’s General Stores, Inc. (NASDAQ:CASY) Stake Cut by Keybank National Association OH

Keybank National Association OH lessened its holdings in Casey’s General Stores, Inc. (NASDAQ:CASY) by 6.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,195 shares of the company’s stock after selling 296 shares during the quarter. Keybank National Association OH’s holdings in Casey’s General Stores were worth $1,662,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the business. Soros Capital Management LLC boosted its holdings in shares of 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 valued at $10,382,000 after buying an additional 26,197 shares during the period. Sanctuary Advisors LLC lifted its holdings in Casey’s General Stores by 55.6% in the fourth quarter. Sanctuary Advisors LLC now owns 8,579 shares of the company’s stock worth $3,629,000 after acquiring an additional 3,065 shares during the last quarter. PNC Financial Services Group Inc. boosted its stake in Casey’s General Stores by 9.9% in the third quarter. PNC Financial Services Group Inc. now owns 14,725 shares of the company’s stock valued at $5,532,000 after acquiring an additional 1,332 shares during the period. JLB & Associates Inc. grew its holdings in shares of Casey’s General Stores by 1.8% during the fourth quarter. JLB & Associates Inc. now owns 43,029 shares of the company’s stock valued at $17,049,000 after purchasing an additional 749 shares during the last quarter. Finally, South Dakota Investment Council raised its position in shares of Casey’s General Stores by 28.0% during the 4th quarter. South Dakota Investment Council now owns 10,065 shares of the company’s stock worth $3,988,000 after purchasing an additional 2,200 shares during the period. Institutional investors own 85.63% of the company’s stock.

Casey’s General Stores Trading Down 2.4 %

Casey’s General Stores stock opened at $395.30 on Friday. Casey’s General Stores, Inc. has a 12-month low of $290.00 and a 12-month high of $445.17. 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 stock has a market capitalization of $14.67 billion, a PE ratio of 27.55, a price-to-earnings-growth ratio of 2.40 and a beta of 0.87. The firm has a 50 day simple moving average of $410.64 and a 200-day simple moving average of $399.06.

Casey’s General Stores (NASDAQ:CASY) last issued its quarterly earnings results 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 analyst estimates of $4.03 billion. During the same period last year, the company posted $4.24 EPS. The firm’s quarterly revenue was down 2.9% on a year-over-year basis. As a group, equities research analysts expect that Casey’s General Stores, Inc. will post 13.94 EPS for the current fiscal year.

Insider Activity at Casey’s General Stores

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

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the company. Gordon Haskett upgraded Casey’s General Stores from a “hold” rating to a “buy” rating in a research report on Thursday, February 13th. Evercore ISI boosted their price target on shares of Casey’s General Stores from $460.00 to $470.00 and gave the company an “outperform” rating in a report on Friday, December 13th. Royal Bank of Canada increased 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 report on Tuesday, December 10th. StockNews.com lowered shares of Casey’s General Stores from a “buy” rating to a “hold” rating in a research note on Thursday, February 27th. Finally, BMO Capital Markets restated a “market perform” rating and issued a $450.00 price target (up previously from $400.00) on shares of Casey’s General Stores in a research note on Wednesday, December 18th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $424.00.

Casey’s General Stores 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.