Harvest Fund Management Co. Ltd Sells 318 Shares of Casey’s General Stores, Inc. (NASDAQ:CASY)

Harvest Fund Management Co. Ltd trimmed its holdings in shares of Casey’s General Stores, Inc. (NASDAQ:CASY) by 61.9% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 196 shares of the company’s stock after selling 318 shares during the period. Harvest Fund Management Co. Ltd’s holdings in Casey’s General Stores were worth $74,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Park Place Capital Corp bought a new stake in Casey’s General Stores in the second quarter worth about $31,000. Advisors Asset Management Inc. purchased a new stake in shares of Casey’s General Stores during the 1st quarter worth approximately $32,000. Innealta Capital LLC bought a new stake in shares of Casey’s General Stores in the 2nd quarter worth approximately $32,000. Bank & Trust Co purchased a new position in Casey’s General Stores in the second quarter valued at approximately $40,000. Finally, Venturi Wealth Management LLC grew its holdings in Casey’s General Stores by 941.7% during the third quarter. Venturi Wealth Management LLC now owns 125 shares of the company’s stock valued at $47,000 after purchasing an additional 113 shares during the period. 85.63% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages have issued reports on CASY. Benchmark restated a “buy” rating and issued a $410.00 target price on shares of Casey’s General Stores in a research note on Tuesday, September 10th. Royal Bank of Canada boosted their price objective on Casey’s General Stores from $393.00 to $403.00 and gave the company a “sector perform” rating in a research note on Thursday, September 5th. StockNews.com lowered shares of Casey’s General Stores from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 3rd. Evercore ISI boosted their price target on shares of Casey’s General Stores from $435.00 to $440.00 and gave the company an “outperform” rating in a research report on Wednesday, October 16th. Finally, JPMorgan Chase & Co. downgraded shares of Casey’s General Stores from a “neutral” rating to an “underweight” rating and raised their price objective for the stock from $300.00 to $337.00 in a report on Thursday, September 19th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, Casey’s General Stores presently has an average rating of “Moderate Buy” and an average price target of $408.25.

Casey’s General Stores Price Performance

NASDAQ:CASY opened at $420.98 on Thursday. The firm has a market capitalization of $15.63 billion, a price-to-earnings ratio of 30.64 and a beta of 0.79. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.44 and a current ratio of 0.84. The stock has a fifty day moving average of $392.28 and a 200 day moving average of $374.41. Casey’s General Stores, Inc. has a 52-week low of $266.56 and a 52-week high of $435.60.

Casey’s General Stores (NASDAQ:CASY) last issued its quarterly earnings results on Wednesday, September 4th. The company reported $4.83 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.54 by $0.29. The firm had revenue of $4.10 billion during the quarter, compared to the consensus estimate of $4.15 billion. Casey’s General Stores had a return on equity of 17.07% and a net margin of 3.40%. The company’s revenue for the quarter was up 5.9% on a year-over-year basis. During the same quarter last year, the company posted $4.52 EPS. On average, research analysts expect that Casey’s General Stores, Inc. will post 14.22 EPS for the current fiscal year.

Insider Buying and Selling at Casey’s General Stores

In other news, CEO Darren M. Rebelez sold 13,500 shares of the firm’s stock in a transaction on Friday, September 6th. The shares were sold at an average price of $374.54, for a total transaction of $5,056,290.00. Following the sale, the chief executive officer now owns 73,838 shares in the company, valued at approximately $27,655,284.52. This trade represents a 15.46 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Thomas P. Brennan, Jr. sold 3,000 shares of the company’s stock in a transaction on Friday, September 6th. The stock was sold at an average price of $380.24, for a total transaction of $1,140,720.00. Following the completion of the transaction, the insider now owns 9,044 shares of the company’s stock, valued at $3,438,890.56. This trade represents a 24.91 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.56% of the stock is currently owned by company insiders.

Casey’s General Stores Profile

Casey's General Stores, Inc, together with its subsidiaries, operates convenience stores under the Casey's and Casey's General Store names. Its stores offer pizza, donuts, breakfast items, and sandwiches; and tobacco and nicotine products. The company's stores provide soft drinks, energy, water, sports drinks, juices, coffee, and tea and dairy products; beer, wine, and spirits; snacks, candy, packaged bakery, and other food items; ice, ice cream, meals, and appetizers; health and beauty aids, automotive products, electronic accessories, housewares, and pet supplies; and ATM, lotto/lottery, and prepaid cards.