Concurrent Investment Advisors LLC Sells 499 Shares of Casey’s General Stores, Inc. (NASDAQ:CASY)

Concurrent Investment Advisors LLC lessened its holdings in Casey’s General Stores, Inc. (NASDAQ:CASY) by 17.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 2,347 shares of the company’s stock after selling 499 shares during the quarter. Concurrent Investment Advisors LLC’s holdings in Casey’s General Stores were worth $930,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the company. FMR LLC lifted its position in Casey’s General Stores by 3.8% during the third quarter. FMR LLC now owns 1,046,830 shares of the company’s stock worth $393,305,000 after purchasing an additional 38,226 shares during the period. JPMorgan Chase & Co. lifted its position in Casey’s General Stores by 18.7% during the third quarter. JPMorgan Chase & Co. now owns 758,804 shares of the company’s stock worth $285,090,000 after purchasing an additional 119,350 shares during the period. Geode Capital Management LLC lifted its position in Casey’s General Stores by 1.3% during the third quarter. Geode Capital Management LLC now owns 655,488 shares of the company’s stock worth $246,335,000 after purchasing an additional 8,428 shares during the period. Franklin Resources Inc. lifted its position in Casey’s General Stores by 49.9% during the third quarter. Franklin Resources Inc. now owns 524,237 shares of the company’s stock worth $204,861,000 after purchasing an additional 174,586 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its stake in Casey’s General Stores by 0.3% during the third quarter. Charles Schwab Investment Management Inc. now owns 273,332 shares of the company’s stock worth $102,694,000 after acquiring an additional 702 shares in the last quarter. Institutional investors own 85.63% of the company’s stock.

Insiders Place Their Bets

In other news, Director Mike Spanos purchased 500 shares of the stock in a transaction on Monday, December 23rd. The stock was purchased at an average price of $396.76 per share, for a total transaction of $198,380.00. Following the acquisition, the director now owns 3,097 shares in the company, valued at $1,228,765.72. This trade represents a 19.25 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Katrina S. Lindsey sold 450 shares of the firm’s stock in a transaction that occurred on Thursday, December 12th. The stock was sold at an average price of $427.13, for a total transaction of $192,208.50. Following the transaction, the insider now owns 2,247 shares of the company’s stock, valued at approximately $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 Stock Performance

Casey’s General Stores stock opened at $405.59 on Monday. The business has a 50 day moving average of $410.12 and a 200-day moving average of $397.05. Casey’s General Stores, Inc. has a 1 year low of $288.11 and a 1 year high of $445.17. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.88 and a quick ratio of 0.49. The company has a market capitalization of $15.06 billion, a P/E ratio of 28.26, a P/E/G ratio of 2.40 and a beta of 0.83.

Casey’s General Stores (NASDAQ:CASY) last released its earnings results on Monday, December 9th. The company reported $4.85 earnings per share 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 business had revenue of $3.95 billion during the quarter, compared to the consensus estimate of $4.03 billion. During the same quarter in the prior year, the firm posted $4.24 EPS. The company’s revenue for the quarter was down 2.9% compared to the same quarter last year. On average, equities research analysts predict that Casey’s General Stores, Inc. will post 13.94 earnings per share for the current year.

Casey’s General Stores Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, February 17th. Shareholders of record on Monday, February 3rd were issued a dividend of $0.50 per share. The ex-dividend date of this dividend was Monday, February 3rd. This represents a $2.00 annualized dividend and a yield of 0.49%. Casey’s General Stores’s payout ratio is 13.94%.

Analyst Ratings Changes

Several research analysts have commented on the company. StockNews.com raised Casey’s General Stores from a “hold” rating to a “buy” rating in a research note on Tuesday, February 18th. BMO Capital Markets reissued a “market perform” rating and set a $450.00 target price (up previously from $400.00) on shares of Casey’s General Stores in a research note on Wednesday, December 18th. Deutsche Bank Aktiengesellschaft boosted their target price 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. Evercore ISI boosted their target price on Casey’s General Stores from $460.00 to $470.00 and gave the stock an “outperform” rating in a research note on Friday, December 13th. Finally, Gordon Haskett raised Casey’s General Stores from a “hold” rating to a “buy” rating in a research note on Thursday, February 13th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat.com, Casey’s General Stores currently has a consensus rating of “Moderate Buy” and a consensus 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.