Casey’s General Stores, Inc. $CASY Shares Sold by LVM Capital Management Ltd. MI

by · The Markets Daily

LVM Capital Management Ltd. MI reduced its position in Casey’s General Stores, Inc. (NASDAQ:CASY – Free Report) by 2.8% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 3,780 shares of the company’s stock after selling 110 shares during the quarter. LVM Capital Management Ltd. MI’s holdings in Casey’s General Stores were worth $1,929,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Versant Capital Management Inc acquired a new position in Casey’s General Stores in the 1st quarter valued at $25,000. Global Financial Private Client LLC raised its stake in Casey’s General Stores by 325.0% in the 1st quarter. Global Financial Private Client LLC now owns 68 shares of the company’s stock valued at $30,000 after purchasing an additional 52 shares during the last quarter. Summit Securities Group LLC acquired a new position in Casey’s General Stores in the 1st quarter valued at $32,000. Iron Horse Wealth Management LLC raised its stake in Casey’s General Stores by 40.0% in the 1st quarter. Iron Horse Wealth Management LLC now owns 91 shares of the company’s stock valued at $40,000 after purchasing an additional 26 shares during the last quarter. Finally, WPG Advisers LLC acquired a new position in Casey’s General Stores in the 1st quarter valued at $47,000. 85.63% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Casey’s General Stores

In other news, insider Katrina S. Lindsey sold 2,000 shares of the stock in a transaction on Tuesday, June 17th. The stock was sold at an average price of $506.07, for a total transaction of $1,012,140.00. Following the completion of the transaction, the insider directly owned 4,636 shares in the company, valued at approximately $2,346,140.52. This represents a 30.14% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Stephen P. Bramlage, Jr. sold 8,478 shares of the stock in a transaction on Tuesday, June 17th. The stock was sold at an average price of $509.21, for a total value of $4,317,082.38. Following the transaction, the chief financial officer owned 26,754 shares of the company’s stock, valued at approximately $13,623,404.34. This represents a 24.06% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 42,646 shares of company stock worth $21,634,454. Insiders own 0.54% of the company’s stock.

Analyst Ratings Changes

Several analysts have issued reports on CASY shares. Wells Fargo & Company upped their target price on Casey’s General Stores from $540.00 to $580.00 and gave the company an “overweight” rating in a report on Monday. Jefferies Financial Group upped their target price on Casey’s General Stores from $575.00 to $600.00 and gave the company a “buy” rating in a report on Tuesday. KeyCorp upped their target price on Casey’s General Stores from $550.00 to $575.00 and gave the company an “overweight” rating in a report on Friday, July 25th. Royal Bank Of Canada upped their target price on Casey’s General Stores from $468.00 to $542.00 and gave the company a “sector perform” rating in a report on Wednesday, July 9th. Finally, Stephens restated an “overweight” rating and issued a $530.00 target price on shares of Casey’s General Stores in a report on Tuesday. Eight analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $505.25.

Check Out Our Latest Stock Analysis on CASY

Casey’s General Stores Stock Performance

NASDAQ CASY opened at $553.89 on Friday. The stock has a market cap of $20.59 billion, a PE ratio of 35.55 and a beta of 0.66. The company has a current ratio of 1.03, a quick ratio of 0.48 and a debt-to-equity ratio of 0.65. Casey’s General Stores, Inc. has a twelve month low of $362.42 and a twelve month high of $559.37. The stock has a fifty day simple moving average of $516.25 and a 200-day simple moving average of $472.05.

Casey’s General Stores (NASDAQ:CASY – Get Free Report) last released its quarterly earnings results on Monday, September 8th. The company reported $5.77 earnings per share for the quarter, topping analysts’ consensus estimates of $5.02 by $0.75. The business had revenue of $4.57 billion during the quarter, compared to analysts’ expectations of $4.47 billion. Casey’s General Stores had a return on equity of 16.73% and a net margin of 3.54%.The company’s revenue was up 11.5% compared to the same quarter last year. During the same period in the prior year, the business posted $4.83 EPS. Equities analysts anticipate 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 will be paid on Friday, November 14th. Stockholders of record on Saturday, November 1st will be issued a dividend of $0.57 per share. The ex-dividend date is Friday, October 31st. This represents a $2.28 dividend on an annualized basis and a dividend yield of 0.4%. Casey’s General Stores’s dividend payout ratio is currently 14.63%.

Casey’s General Stores Company Profile

(Free Report)

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.

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