Dearborn Partners LLC Sells 21,482 Shares of Casey’s General Stores, Inc. (NASDAQ:CASY)

Dearborn Partners LLC decreased its holdings in Casey’s General Stores, Inc. (NASDAQ:CASY) by 17.8% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 99,388 shares of the company’s stock after selling 21,482 shares during the quarter. Casey’s General Stores accounts for approximately 1.7% of Dearborn Partners LLC’s investment portfolio, making the stock its 18th biggest holding. Dearborn Partners LLC owned 0.27% of Casey’s General Stores worth $39,381,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the stock. YANKCOM Partnership bought a new position in shares of Casey’s General Stores in the fourth quarter valued at approximately $34,000. Endeavor Private Wealth Inc. bought a new position in Casey’s General Stores during the 4th quarter valued at $36,000. Venturi Wealth Management LLC boosted its holdings 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 worth $47,000 after acquiring an additional 113 shares during the last quarter. MassMutual Private Wealth & Trust FSB boosted its holdings in Casey’s General Stores by 24.2% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 149 shares of the company’s stock worth $59,000 after acquiring an additional 29 shares during the last quarter. Finally, Kennebec Savings Bank bought a new stake in shares of Casey’s General Stores in the 3rd quarter worth $76,000. Institutional investors and hedge funds own 85.63% of the company’s stock.

Insiders Place Their Bets

In related news, Director Mike Spanos acquired 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, with a total value of $198,380.00. Following the acquisition, the director now owns 3,097 shares of the company’s stock, valued at approximately $1,228,765.72. This trade represents a 19.25 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Katrina S. Lindsey sold 450 shares of Casey’s General Stores stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $427.13, for a total value of $192,208.50. Following the transaction, the insider now directly owns 2,247 shares of the company’s stock, valued at $959,761.11. The trade was 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.

Casey’s General Stores Trading Down 4.3 %

Shares of Casey’s General Stores stock opened at $381.68 on Tuesday. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.49 and a current ratio of 0.88. The stock has a market capitalization of $14.17 billion, a P/E ratio of 26.60, a P/E/G ratio of 2.40 and a beta of 0.87. Casey’s General Stores, Inc. has a 52-week low of $290.00 and a 52-week high of $445.17. The stock’s 50-day simple moving average is $410.00 and its 200 day simple moving average is $399.54.

Casey’s General Stores (NASDAQ:CASY) last announced its quarterly earnings results on Monday, December 9th. The company reported $4.85 EPS for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $4.03 billion. During the same period in the prior year, the company posted $4.24 EPS. Casey’s General Stores’s revenue was down 2.9% compared to the same quarter last year. As a group, research analysts anticipate that Casey’s General Stores, Inc. will post 13.94 EPS for the current year.

Wall Street Analyst Weigh In

CASY has been the topic of several analyst reports. Gordon Haskett upgraded shares of Casey’s General Stores from a “hold” rating to a “buy” rating in a report on Thursday, February 13th. Evercore ISI upped their target price 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. StockNews.com lowered Casey’s General Stores from a “buy” rating to a “hold” rating in a report on Saturday. Royal Bank of Canada upped their price objective on 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. Finally, BMO Capital Markets reaffirmed 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 report on Wednesday, December 18th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $424.00.

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.