Union Savings Bank Sells 53 Shares of Casey’s General Stores, Inc. (NASDAQ:CASY)

Union Savings Bank reduced its position in Casey’s General Stores, Inc. (NASDAQ:CASY) by 4.8% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,057 shares of the company’s stock after selling 53 shares during the period. Union Savings Bank’s holdings in Casey’s General Stores were worth $419,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently modified their holdings of the company. Venturi Wealth Management LLC raised its position 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 acquiring an additional 113 shares during the period. V Square Quantitative Management LLC grew its position in shares of Casey’s General Stores by 22.5% during the 3rd quarter. V Square Quantitative Management LLC now owns 158 shares of the company’s stock valued at $59,000 after acquiring an additional 29 shares during the period. MassMutual Private Wealth & Trust FSB increased its stake in shares of Casey’s General Stores by 24.2% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 149 shares of the company’s stock worth $59,000 after purchasing an additional 29 shares in the last quarter. Quarry LP bought a new position in Casey’s General Stores in the 2nd quarter worth $72,000. Finally, Kennebec Savings Bank purchased a new position in Casey’s General Stores during the third quarter valued at $76,000. Institutional investors own 85.63% of the company’s stock.

Casey’s General Stores Price Performance

Shares of Casey’s General Stores stock opened at $391.51 on Monday. The stock has a 50 day moving average price of $408.49 and a 200-day moving average price of $389.15. Casey’s General Stores, Inc. has a one year low of $268.07 and a one year high of $439.68. The stock has a market cap of $14.53 billion, a price-to-earnings ratio of 27.28, a price-to-earnings-growth ratio of 2.20 and a beta of 0.82. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.49 and a current ratio of 0.88.

Casey’s General Stores (NASDAQ:CASY) last posted its quarterly earnings data 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 for the quarter, compared to analysts’ expectations of $4.03 billion. During the same quarter in the previous year, the business posted $4.24 earnings per share. The business’s revenue was down 2.9% compared to the same quarter last year. Equities analysts expect that Casey’s General Stores, Inc. will post 13.94 EPS for the current year.

Casey’s General Stores Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, February 17th. Shareholders of record on Monday, February 3rd will be paid a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 0.51%. The ex-dividend date of this dividend is Monday, February 3rd. Casey’s General Stores’s payout ratio is currently 13.94%.

Insider Buying and Selling at Casey’s General Stores

In other Casey’s General Stores news, Director Mike Spanos bought 500 shares of the firm’s stock in a transaction dated Monday, December 23rd. The stock was acquired at an average cost of $396.76 per share, for a total transaction of $198,380.00. Following the completion of the transaction, 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 acquisition 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 company’s stock in a transaction dated Thursday, December 12th. The stock was sold at an average price of $427.13, for a total transaction 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 ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.56% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently commented on CASY. Melius Research began coverage on Casey’s General Stores in a research note on Monday, September 23rd. They issued a “buy” rating and a $435.00 price objective on the stock. BMO Capital Markets restated 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. Evercore ISI upped their price target on shares of Casey’s General Stores from $460.00 to $470.00 and gave the stock an “outperform” rating in a research report on Friday, December 13th. StockNews.com cut shares of Casey’s General Stores from a “strong-buy” rating to a “buy” rating in a research note on Friday, December 13th. Finally, Royal Bank of Canada lifted their target price on shares of Casey’s General Stores from $403.00 to $428.00 and gave the company a “sector perform” rating in a research note on Tuesday, December 10th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $424.00.

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.