Virtu Financial LLC lowered its stake in shares of Casey's General Stores, Inc. (NASDAQ:CASY - Free Report) by 84.1% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,010 shares of the company's stock after selling 5,353 shares during the quarter. Virtu Financial LLC's holdings in Casey's General Stores were worth $379,000 at the end of the most recent quarter.
Several other institutional investors have also recently added to or reduced their stakes in the stock. Envestnet Portfolio Solutions Inc. increased its stake in Casey's General Stores by 80.1% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 2,800 shares of the company's stock valued at $1,068,000 after buying an additional 1,245 shares during the period. Blue Trust Inc. boosted its holdings in shares of Casey's General Stores by 227.1% in the second quarter. Blue Trust Inc. now owns 350 shares of the company's stock valued at $134,000 after acquiring an additional 243 shares in the last quarter. Nisa Investment Advisors LLC increased its stake in shares of Casey's General Stores by 6.8% during the second quarter. Nisa Investment Advisors LLC now owns 13,871 shares of the company's stock worth $5,293,000 after acquiring an additional 889 shares during the period. Summit Global Investments raised its holdings in Casey's General Stores by 157.4% during the second quarter. Summit Global Investments now owns 3,423 shares of the company's stock worth $1,306,000 after purchasing an additional 2,093 shares in the last quarter. Finally, Fifth Third Bancorp lifted its position in Casey's General Stores by 18.6% in the second quarter. Fifth Third Bancorp now owns 1,694 shares of the company's stock valued at $646,000 after purchasing an additional 266 shares during the period. Institutional investors and hedge funds own 85.63% of the company's stock.
In related news, insider Katrina S. Lindsey sold 450 shares of the business's stock in a transaction that occurred on Thursday, December 12th. The shares were sold at an average price of $427.13, for a total value of $192,208.50. Following the completion of the sale, the insider now directly 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Mike Spanos purchased 267 shares of the business's stock in a transaction on Wednesday, September 18th. The shares were bought at an average cost of $376.18 per share, for a total transaction of $100,440.06. Following the purchase, the director now owns 2,594 shares of the company's stock, valued at $975,810.92. This trade represents a 11.47 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.56% of the stock is currently owned by insiders.
CASY has been the topic of several recent analyst reports. Evercore ISI boosted their target price on Casey's General Stores from $460.00 to $470.00 and gave the stock an "outperform" rating in a research report on Friday. Gordon Haskett started coverage on Casey's General Stores in a research report on Monday, November 4th. They issued a "hold" rating and a $400.00 price objective for the company. JPMorgan Chase & Co. downgraded Casey's General Stores from a "neutral" rating to an "underweight" rating and raised their target price for the company from $300.00 to $337.00 in a report on Thursday, September 19th. Deutsche Bank Aktiengesellschaft upped their price target on shares of 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. Finally, Royal Bank of Canada raised their price objective 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 analyst has rated the stock with a sell rating, three have issued a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $419.45.
Read Our Latest Analysis on CASY
CASY stock opened at $424.51 on Tuesday. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.88 and a quick ratio of 0.44. Casey's General Stores, Inc. has a 12 month low of $268.07 and a 12 month high of $439.68. The firm has a market capitalization of $15.76 billion, a PE ratio of 29.58 and a beta of 0.80. The company's 50 day simple moving average is $406.08 and its 200-day simple moving average is $382.79.
Casey's General Stores (NASDAQ:CASY - Get Free Report) last released its quarterly earnings results on Monday, December 9th. The company reported $4.85 earnings per share for the quarter, topping the consensus estimate of $4.29 by $0.56. Casey's General Stores had a return on equity of 17.17% and a net margin of 3.57%. The company had revenue of $3.95 billion during the quarter, compared to the consensus estimate of $4.03 billion. During the same quarter last year, the business posted $4.24 earnings per share. Casey's General Stores's revenue was down 2.9% compared to the same quarter last year. Equities analysts expect that Casey's General Stores, Inc. will post 14.28 earnings per share for the current fiscal year.
The company also recently announced 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. The ex-dividend date of this dividend is Monday, February 3rd. This represents a $2.00 annualized dividend and a yield of 0.47%. Casey's General Stores's payout ratio is currently 13.94%.
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.
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