Westover Capital Advisors LLC Sells 111 Shares of Casey’s General Stores, Inc. $CASY

Westover Capital Advisors LLC lowered its holdings in shares of Casey’s General Stores, Inc. (NASDAQ:CASY) by 3.3% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,283 shares of the company’s stock after selling 111 shares during the period. Westover Capital Advisors LLC’s holdings in Casey’s General Stores were worth $1,675,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Summit Securities Group LLC purchased a new position in shares of Casey’s General Stores during the first quarter valued at approximately $32,000. Nvwm LLC purchased a new stake in shares of Casey’s General Stores in the 2nd quarter worth approximately $32,000. Rossby Financial LCC increased its position in Casey’s General Stores by 580.0% during the 2nd quarter. Rossby Financial LCC now owns 68 shares of the company’s stock valued at $35,000 after buying an additional 58 shares in the last quarter. Caitong International Asset Management Co. Ltd bought a new position in Casey’s General Stores during the 2nd quarter valued at approximately $42,000. Finally, WPG Advisers LLC purchased a new position in Casey’s General Stores during the first quarter valued at $47,000. Hedge funds and other institutional investors own 85.63% of the company’s stock.

Insider Buying and Selling at Casey’s General Stores

In other news, insider Chad Michael Frazell sold 3,487 shares of the stock in a transaction that occurred on Monday, September 29th. The shares were sold at an average price of $555.40, for a total value of $1,936,679.80. Following the transaction, the insider owned 7,993 shares in the company, valued at $4,439,312.20. This represents a 30.37% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.54% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the company. Evercore ISI increased their target price on Casey’s General Stores from $580.00 to $585.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 21st. KeyCorp lifted their price target on Casey’s General Stores from $550.00 to $575.00 and gave the stock an “overweight” rating in a research report on Friday, July 25th. Zacks Research upgraded shares of Casey’s General Stores from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 15th. Jefferies Financial Group increased their price objective on shares of Casey’s General Stores from $575.00 to $600.00 and gave the company a “buy” rating in a research report on Tuesday, September 9th. Finally, Weiss Ratings reaffirmed a “buy (b+)” rating on shares of Casey’s General Stores in a report on Thursday. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $564.00.

Casey’s General Stores Price Performance

Shares of NASDAQ:CASY opened at $536.34 on Tuesday. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.61 and a current ratio of 1.03. The firm has a market cap of $19.94 billion, a price-to-earnings ratio of 34.42 and a beta of 0.66. The business has a 50-day simple moving average of $545.67 and a two-hundred day simple moving average of $511.48. Casey’s General Stores, Inc. has a fifty-two week low of $372.08 and a fifty-two week high of $572.18.

Casey’s General Stores (NASDAQ:CASY) last announced its earnings results on Monday, September 8th. The company reported $5.77 earnings per share for the quarter, beating analysts’ consensus estimates of $5.02 by $0.75. The business had revenue of $4.57 billion during the quarter, compared to analyst estimates of $4.47 billion. Casey’s General Stores had a net margin of 3.54% and a return on equity of 16.73%. The company’s quarterly revenue was up 11.5% compared to the same quarter last year. During the same period in the previous year, the business earned $4.83 EPS. On average, analysts expect that Casey’s General Stores, Inc. will post 13.94 earnings per share for the current year.

Casey’s General Stores Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, November 14th. Stockholders of record on Saturday, November 1st were given a dividend of $0.57 per share. The ex-dividend date of this dividend was Friday, October 31st. This represents a $2.28 annualized dividend and a dividend yield of 0.4%. Casey’s General Stores’s dividend payout ratio is presently 14.63%.

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.