ICW Investment Advisors LLC Sells 131 Shares of Casey’s General Stores, Inc. (NASDAQ:CASY)

ICW Investment Advisors LLC cut its stake in shares of Casey’s General Stores, Inc. (NASDAQ:CASY) by 1.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 9,101 shares of the company’s stock after selling 131 shares during the quarter. Casey’s General Stores makes up about 1.5% of ICW Investment Advisors LLC’s portfolio, making the stock its 14th largest position. ICW Investment Advisors LLC’s holdings in Casey’s General Stores were worth $3,606,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. YANKCOM Partnership bought a new position in Casey’s General Stores during the fourth quarter worth $34,000. Endeavor Private Wealth Inc. bought a new position in Casey’s General Stores during the fourth quarter worth $36,000. MassMutual Private Wealth & Trust FSB boosted its stake in Casey’s General Stores by 24.2% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 149 shares of the company’s stock worth $59,000 after acquiring an additional 29 shares in the last quarter. Heck Capital Advisors LLC bought a new position in shares of Casey’s General Stores in the fourth quarter valued at $79,000. Finally, V Square Quantitative Management LLC lifted its stake in shares of Casey’s General Stores by 32.9% in the fourth quarter. V Square Quantitative Management LLC now owns 210 shares of the company’s stock valued at $83,000 after buying an additional 52 shares in the last quarter. 85.63% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

CASY has been the topic of a number of recent research reports. StockNews.com lowered shares of Casey’s General Stores from a “buy” rating to a “hold” rating in a research note on Saturday, March 8th. Gordon Haskett raised shares of Casey’s General Stores from a “hold” rating to a “buy” rating in a research note on Thursday, February 13th. Evercore ISI dropped their price objective on shares of Casey’s General Stores from $460.00 to $450.00 and set an “outperform” rating on the stock in a research note on Tuesday, March 11th. Royal Bank of Canada set a $438.00 price objective on shares of Casey’s General Stores and gave the company a “sector perform” rating in a research note on Wednesday, March 12th. Finally, BMO Capital Markets reaffirmed a “market perform” rating and issued a $450.00 price objective (up from $400.00) on shares of Casey’s General Stores in a research note on Wednesday, December 18th. One 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 stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $423.09.

Casey’s General Stores Stock Performance

NASDAQ CASY opened at $404.00 on Monday. Casey’s General Stores, Inc. has a 52-week low of $306.45 and a 52-week high of $445.17. The company has a 50-day simple moving average of $410.20 and a 200 day simple moving average of $401.45. 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 company has a market capitalization of $15.00 billion, a PE ratio of 28.15, a price-to-earnings-growth ratio of 2.40 and a beta of 0.87.

Casey’s General Stores (NASDAQ:CASY) last posted its quarterly earnings data on Tuesday, March 11th. The company reported $2.33 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.76 by $0.57. Casey’s General Stores had a net margin of 3.57% and a return on equity of 17.17%. The business had revenue of $3.90 billion during the quarter, compared to the consensus estimate of $3.74 billion. During the same quarter last year, the company posted $2.33 earnings per share. The firm’s quarterly revenue was up 17.2% compared to the same quarter last year. On average, research analysts predict that Casey’s General Stores, Inc. will post 13.94 EPS for the current year.

Casey’s General Stores Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Thursday, May 1st will be paid a $0.50 dividend. The ex-dividend date is Thursday, May 1st. This represents a $2.00 annualized dividend and a dividend yield of 0.50%. Casey’s General Stores’s payout ratio is 13.94%.

Insider Transactions at Casey’s General Stores

In other Casey’s General Stores news, Director Mike Spanos bought 256 shares of Casey’s General Stores stock in a transaction dated Thursday, March 13th. The stock was purchased at an average price of $390.54 per share, for a total transaction of $99,978.24. Following the completion of the purchase, the director now directly owns 3,356 shares of the company’s stock, valued at approximately $1,310,652.24. This trade represents a 8.26 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 0.56% of the company’s stock.

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.