Koshinski Asset Management Inc. Decreases Stock Holdings in Casey’s General Stores, Inc. (NASDAQ:CASY)

Koshinski Asset Management Inc. reduced its position in shares of Casey’s General Stores, Inc. (NASDAQ:CASY) by 69.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 746 shares of the company’s stock after selling 1,717 shares during the period. Koshinski Asset Management Inc.’s holdings in Casey’s General Stores were worth $296,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Venturi Wealth Management LLC lifted its holdings in Casey’s General Stores by 941.7% in the 3rd quarter. Venturi Wealth Management LLC now owns 125 shares of the company’s stock worth $47,000 after buying an additional 113 shares during the period. V Square Quantitative Management LLC lifted its stake in Casey’s General Stores by 22.5% in the third quarter. V Square Quantitative Management LLC now owns 158 shares of the company’s stock worth $59,000 after acquiring an additional 29 shares during the period. MassMutual Private Wealth & Trust FSB boosted its holdings 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 valued at $59,000 after acquiring an additional 29 shares in the last quarter. Quarry LP purchased a new position in Casey’s General Stores during the 2nd quarter valued at $72,000. Finally, Kennebec Savings Bank bought a new position in Casey’s General Stores in the 3rd quarter worth $76,000. 85.63% of the stock is owned by institutional investors.

Insider Transactions at Casey’s General Stores

In related news, insider Katrina S. Lindsey sold 450 shares of Casey’s General Stores stock in a transaction 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 sale, the insider now owns 2,247 shares of the company’s stock, valued at $959,761.11. The trade was a 16.69 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Mike Spanos bought 500 shares of the stock in a transaction on Monday, December 23rd. The stock was purchased at an average cost of $396.76 per share, for a total transaction of $198,380.00. Following the acquisition, the director now owns 3,097 shares of the company’s stock, valued at $1,228,765.72. This trade represents a 19.25 % increase in their position. The disclosure for this purchase can be found here. Company insiders own 0.56% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on CASY shares. Royal Bank of Canada boosted their price target on shares of Casey’s General Stores from $403.00 to $428.00 and gave the company a “sector perform” rating in a research report on Tuesday, December 10th. 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 report on Friday, December 13th. Deutsche Bank Aktiengesellschaft increased their target price on Casey’s General Stores from $451.00 to $454.00 and gave the stock a “buy” rating in a research report on Wednesday, November 6th. StockNews.com lowered Casey’s General Stores from a “strong-buy” rating to a “buy” rating in a research report on Friday, December 13th. Finally, BMO Capital Markets reiterated a “market perform” rating and issued a $450.00 price objective (up previously from $400.00) on shares of Casey’s General Stores in a report on Wednesday, December 18th. 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 stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $424.00.

Casey’s General Stores Trading Up 1.6 %

NASDAQ:CASY opened at $407.79 on Friday. Casey’s General Stores, Inc. has a 52 week low of $268.07 and a 52 week high of $439.68. The stock has a market cap of $15.14 billion, a price-to-earnings ratio of 28.42, a PEG ratio of 2.29 and a beta of 0.82. The company’s 50 day moving average price is $407.69 and its 200-day moving average price is $389.74. 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 (NASDAQ:CASY) last posted its earnings results on Monday, December 9th. The company reported $4.85 EPS for the quarter, topping analysts’ consensus estimates of $4.29 by $0.56. The business had revenue of $3.95 billion during the quarter, compared to analyst estimates of $4.03 billion. Casey’s General Stores had a return on equity of 17.17% and a net margin of 3.57%. The company’s quarterly revenue was down 2.9% compared to the same quarter last year. During the same quarter last year, the company earned $4.24 EPS. On average, equities research analysts forecast that Casey’s General Stores, Inc. will post 13.94 earnings per share for the current fiscal year.

Casey’s General Stores Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, February 17th. Stockholders of record on Monday, February 3rd will be issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.49%. The ex-dividend date is Monday, February 3rd. Casey’s General Stores’s payout ratio is presently 13.94%.

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.