First Eagle Investment Management LLC Cuts Position in Casey’s General Stores, Inc. (NASDAQ:CASY)

First Eagle Investment Management LLC trimmed its holdings in shares of Casey’s General Stores, Inc. (NASDAQ:CASY) by 4.3% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,247 shares of the company’s stock after selling 100 shares during the quarter. First Eagle Investment Management LLC’s holdings in Casey’s General Stores were worth $890,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of CASY. Northwest Wealth Management LLC raised its stake in shares of Casey’s General Stores by 91.4% during the 4th quarter. Northwest Wealth Management LLC now owns 3,116 shares of the company’s stock worth $1,235,000 after purchasing an additional 1,488 shares during the period. Thompson Siegel & Walmsley LLC increased its holdings in Casey’s General Stores by 205.4% during the fourth quarter. Thompson Siegel & Walmsley LLC now owns 12,807 shares of the company’s stock worth $5,075,000 after buying an additional 8,613 shares during the last quarter. Commonwealth Equity Services LLC raised its position in Casey’s General Stores by 7.9% in the fourth quarter. Commonwealth Equity Services LLC now owns 13,602 shares of the company’s stock worth $5,389,000 after acquiring an additional 999 shares during the period. Swiss National Bank boosted its stake in Casey’s General Stores by 0.7% in the fourth quarter. Swiss National Bank now owns 72,987 shares of the company’s stock valued at $28,920,000 after acquiring an additional 500 shares during the last quarter. Finally, Sequoia Financial Advisors LLC grew its position in shares of Casey’s General Stores by 9.3% during the 4th quarter. Sequoia Financial Advisors LLC now owns 2,951 shares of the company’s stock valued at $1,169,000 after acquiring an additional 252 shares during the period. 85.63% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, Director Mike Spanos purchased 256 shares of the business’s stock in a transaction on Thursday, March 13th. The stock was acquired at an average price of $390.54 per share, with a total value of $99,978.24. Following the purchase, the director now directly owns 3,356 shares in the company, valued at approximately $1,310,652.24. This represents a 8.26 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 0.56% of the stock is owned by company insiders.

Casey’s General Stores Stock Performance

NASDAQ CASY opened at $395.63 on Monday. The company’s 50 day simple moving average is $409.52 and its two-hundred day simple moving average is $400.07. The stock has a market capitalization of $14.69 billion, a PE ratio of 27.57, a P/E/G ratio of 2.40 and a beta of 0.87. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.88 and a quick ratio of 0.49. Casey’s General Stores, Inc. has a 1 year low of $303.95 and a 1 year high of $445.17.

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, beating the consensus estimate of $1.76 by $0.57. The company had revenue of $3.90 billion during the quarter, compared to analyst estimates of $3.74 billion. Casey’s General Stores had a return on equity of 17.17% and a net margin of 3.57%. The firm’s quarterly revenue was up 17.2% on a year-over-year basis. During the same quarter last year, the company earned $2.33 earnings per share. Analysts predict that Casey’s General Stores, Inc. will post 13.94 earnings per share for the current fiscal year.

Casey’s General Stores Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Thursday, May 1st will be issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 0.51%. The ex-dividend date is Thursday, May 1st. Casey’s General Stores’s payout ratio is 13.94%.

Wall Street Analyst Weigh In

Several equities analysts recently commented on CASY shares. BMO Capital Markets reiterated a “market perform” rating and issued a $450.00 price objective (up previously from $400.00) on shares of Casey’s General Stores in a research note on Wednesday, December 18th. StockNews.com cut Casey’s General Stores from a “buy” rating to a “hold” rating in a research report on Saturday, March 8th. Evercore ISI decreased their price objective on Casey’s General Stores from $460.00 to $450.00 and set an “outperform” rating for the company in a report on Tuesday, March 11th. Gordon Haskett upgraded Casey’s General Stores from a “hold” rating to a “buy” rating in a research note on Thursday, February 13th. Finally, Royal Bank of Canada set a $438.00 target price on shares of Casey’s General Stores and gave the stock a “sector perform” rating in a research report on Wednesday. One research 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’s stock. According to data from MarketBeat.com, Casey’s General Stores presently has a consensus rating of “Moderate Buy” and an average target price of $423.09.

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.