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

Concurrent Investment Advisors LLC decreased its holdings in shares of Casey’s General Stores, Inc. (NASDAQ:CASY) by 17.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor 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 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. YANKCOM Partnership purchased a new position in shares of Casey’s General Stores during the fourth quarter worth about $34,000. Endeavor Private Wealth Inc. purchased a new stake in Casey’s General Stores in the fourth quarter worth approximately $36,000. Venturi Wealth Management LLC boosted its stake in Casey’s General Stores by 941.7% in the third quarter. Venturi Wealth Management LLC now owns 125 shares of the company’s stock worth $47,000 after buying an additional 113 shares in the last quarter. MassMutual Private Wealth & Trust FSB boosted its stake 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 worth $59,000 after buying an additional 29 shares in the last quarter. Finally, Kennebec Savings Bank purchased a new stake in Casey’s General Stores in the third quarter worth approximately $76,000. 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 Katrina S. Lindsey sold 450 shares of Casey’s General Stores stock in a transaction that occurred 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 completion of the transaction, the insider now owns 2,247 shares in the company, valued at approximately $959,761.11. The trade was a 16.69 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Mike Spanos bought 500 shares of the company’s stock in a transaction dated Monday, December 23rd. The stock was bought at an average price of $396.76 per share, with a total value of $198,380.00. Following the acquisition, the director now owns 3,097 shares in the company, valued at approximately $1,228,765.72. This trade represents 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.

Casey’s General Stores Stock Down 3.6 %

NASDAQ CASY opened at $405.59 on Monday. The stock’s 50-day moving average price is $410.12 and its 200-day moving average price is $397.05. The company has a quick ratio of 0.49, a current ratio of 0.88 and a debt-to-equity ratio of 0.74. Casey’s General Stores, Inc. has a 52 week low of $288.11 and a 52 week high of $445.17. The company has a market capitalization of $15.06 billion, a P/E ratio of 28.26, a price-to-earnings-growth ratio of 2.40 and a beta of 0.83.

Casey’s General Stores (NASDAQ:CASY) last issued its earnings results on Monday, December 9th. The company reported $4.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.29 by $0.56. The company had revenue of $3.95 billion for the quarter, compared to the consensus estimate of $4.03 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 down 2.9% on a year-over-year basis. During the same quarter last year, the company earned $4.24 EPS. 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. This represents a $2.00 annualized dividend and a yield of 0.49%. The ex-dividend date of this dividend was Monday, February 3rd. Casey’s General Stores’s dividend payout ratio is presently 13.94%.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on CASY. Deutsche Bank Aktiengesellschaft upped 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. BMO Capital Markets reaffirmed a “market perform” rating and issued 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. Evercore ISI upped 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. Gordon Haskett upgraded Casey’s General Stores from a “hold” rating to a “buy” rating in a research report on Thursday, February 13th. Finally, StockNews.com upgraded Casey’s General Stores from a “hold” rating to a “buy” rating in a research report on Tuesday, February 18th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, Casey’s General Stores presently has an average rating of “Moderate Buy” and a consensus price target 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.