Schechter Investment Advisors LLC Cuts Stock Position in Casey’s General Stores, Inc. (NASDAQ:CASY)

Schechter Investment Advisors LLC trimmed its holdings in shares of Casey’s General Stores, Inc. (NASDAQ:CASY) by 14.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 970 shares of the company’s stock after selling 160 shares during the period. Schechter Investment Advisors LLC’s holdings in Casey’s General Stores were worth $384,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the stock. YANKCOM Partnership acquired a new position in shares of Casey’s General Stores during the fourth quarter worth about $34,000. Endeavor Private Wealth Inc. acquired a new position in Casey’s General Stores during the 4th quarter worth approximately $36,000. Venturi Wealth Management LLC boosted its holdings in Casey’s General Stores by 941.7% in 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 period. MassMutual Private Wealth & Trust FSB grew its position in Casey’s General Stores by 24.2% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 149 shares of the company’s stock valued at $59,000 after acquiring an additional 29 shares in the last quarter. Finally, Heck Capital Advisors LLC purchased a new stake in shares of Casey’s General Stores during the fourth quarter valued at approximately $79,000. 85.63% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

CASY has been the subject of several analyst reports. Royal Bank of Canada upped their target price on shares of 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. Gordon Haskett upgraded shares of Casey’s General Stores from a “hold” rating to a “buy” rating in a report on Thursday, February 13th. BMO Capital Markets restated 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 note on Wednesday, December 18th. Deutsche Bank Aktiengesellschaft boosted their price target on Casey’s General Stores from $451.00 to $454.00 and gave the stock a “buy” rating in a research note on Wednesday, November 6th. Finally, StockNews.com lowered Casey’s General Stores from a “buy” rating to a “hold” rating in a research note on Thursday, February 27th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $424.00.

Insiders Place Their Bets

In other Casey’s General Stores news, insider Katrina S. Lindsey sold 450 shares of the stock in a transaction 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 directly owns 2,247 shares of the company’s stock, valued at $959,761.11. This trade represents a 16.69 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Mike Spanos bought 500 shares of the business’s stock in a transaction on Monday, December 23rd. The stock was bought at an average price of $396.76 per share, for a total transaction of $198,380.00. Following the completion of the purchase, the director now directly 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 corporate insiders.

Casey’s General Stores Stock Performance

CASY stock opened at $404.82 on Thursday. The firm has a market cap of $15.03 billion, a P/E ratio of 28.21, a P/E/G ratio of 2.40 and a beta of 0.87. The stock’s 50 day simple moving average is $410.62 and its 200 day simple moving average is $399.02. The company has a current ratio of 0.88, a quick ratio of 0.49 and a debt-to-equity ratio of 0.74. Casey’s General Stores, Inc. has a 12-month low of $290.00 and a 12-month high of $445.17.

Casey’s General Stores (NASDAQ:CASY) last issued its earnings results on Monday, December 9th. The company reported $4.85 earnings per share for the quarter, topping 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 earned $4.24 earnings per share. The firm’s revenue was down 2.9% compared to the same quarter last year. As a group, equities research analysts predict that Casey’s General Stores, Inc. will post 13.94 EPS for the current year.

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.