Westover Capital Advisors LLC Sells 33 Shares of Casey’s General Stores, Inc. (NASDAQ:CASY)

Westover Capital Advisors LLC trimmed its stake in Casey’s General Stores, Inc. (NASDAQ:CASY) by 0.9% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,630 shares of the company’s stock after selling 33 shares during the quarter. Westover Capital Advisors LLC’s holdings in Casey’s General Stores were worth $1,438,000 at the end of the most recent quarter.

Several 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 during the fourth quarter valued at $34,000. Endeavor Private Wealth Inc. bought a new position in shares of Casey’s General Stores during the fourth quarter valued at $36,000. Venturi Wealth Management LLC lifted its holdings in shares of Casey’s General Stores by 941.7% during the third quarter. Venturi Wealth Management LLC now owns 125 shares of the company’s stock valued at $47,000 after purchasing an additional 113 shares in the last quarter. MassMutual Private Wealth & Trust FSB lifted its holdings in shares of 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 valued at $59,000 after purchasing an additional 29 shares in the last quarter. Finally, Heck Capital Advisors LLC bought a new position in shares of Casey’s General Stores during the fourth quarter valued at $79,000. 85.63% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, insider Katrina S. Lindsey sold 450 shares of the stock in a transaction dated 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 sale, 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Mike Spanos purchased 500 shares of the company’s stock in a transaction that occurred on Monday, December 23rd. The shares were purchased 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 owns 3,097 shares of the company’s stock, valued at $1,228,765.72. The trade was a 19.25 % increase in their position. The disclosure for this purchase can be found here. 0.56% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

CASY has been the subject of a number of research reports. Deutsche Bank Aktiengesellschaft upped 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. BMO Capital Markets reiterated a “market perform” rating and set a $450.00 price objective (up previously from $400.00) on shares of Casey’s General Stores in a research report on Wednesday, December 18th. Gordon Haskett upgraded Casey’s General Stores from a “hold” rating to a “buy” rating in a research report on Thursday, February 13th. StockNews.com cut Casey’s General Stores from a “buy” rating to a “hold” rating in a research report on Thursday, February 27th. Finally, 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 report on Tuesday, December 10th. One 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. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $424.00.

Casey’s General Stores Stock Performance

Shares of CASY opened at $408.00 on Tuesday. 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 business has a 50-day simple moving average of $410.53 and a two-hundred day simple moving average of $398.82. The stock has a market cap of $15.14 billion, a price-to-earnings ratio of 28.43, a PEG ratio of 2.40 and a beta of 0.83. Casey’s General Stores, Inc. has a 52 week low of $290.00 and a 52 week high of $445.17.

Casey’s General Stores (NASDAQ:CASY) last released its earnings results on Monday, December 9th. The company reported $4.85 earnings per share (EPS) for the quarter, topping the consensus estimate 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 analysts’ expectations of $4.03 billion. During the same quarter last year, the business posted $4.24 earnings per share. The firm’s revenue was down 2.9% on a year-over-year basis. On average, analysts expect 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 was paid on Monday, February 17th. Investors of record on Monday, February 3rd were given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 0.49%. The ex-dividend date was Monday, February 3rd. Casey’s General Stores’s dividend payout ratio is currently 13.94%.

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.