SG Americas Securities LLC Trims Holdings in Casey’s General Stores, Inc. $CASY

SG Americas Securities LLC decreased its position in shares of Casey’s General Stores, Inc. (NASDAQ:CASY) by 66.2% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 3,550 shares of the company’s stock after selling 6,967 shares during the period. SG Americas Securities LLC’s holdings in Casey’s General Stores were worth $1,962,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the company. Steph & Co. lifted its stake in shares of Casey’s General Stores by 2.2% during the 3rd quarter. Steph & Co. now owns 819 shares of the company’s stock worth $463,000 after purchasing an additional 18 shares during the period. LifeWealth Investments LLC grew its position in shares of Casey’s General Stores by 2.1% in the third quarter. LifeWealth Investments LLC now owns 858 shares of the company’s stock valued at $485,000 after purchasing an additional 18 shares during the period. Central Pacific Bank Trust Division increased its stake in Casey’s General Stores by 52.8% in the fourth quarter. Central Pacific Bank Trust Division now owns 55 shares of the company’s stock valued at $30,000 after purchasing an additional 19 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Casey’s General Stores by 9.1% in the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 227 shares of the company’s stock valued at $128,000 after purchasing an additional 19 shares during the last quarter. Finally, AdvisorNet Financial Inc lifted its position in Casey’s General Stores by 2.8% during the third quarter. AdvisorNet Financial Inc now owns 724 shares of the company’s stock worth $409,000 after buying an additional 20 shares during the period. Institutional investors and hedge funds own 85.63% of the company’s stock.

Insider Activity at Casey’s General Stores

In related news, insider Katrina S. Lindsey sold 200 shares of the stock in a transaction that occurred on Wednesday, March 11th. The stock was sold at an average price of $683.04, for a total value of $136,608.00. Following the completion of the transaction, the insider directly owned 4,039 shares of the company’s stock, valued at $2,758,798.56. This represents a 4.72% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Mike Spanos purchased 300 shares of the stock in a transaction dated Friday, March 13th. The shares were acquired at an average cost of $665.43 per share, for a total transaction of $199,629.00. Following the completion of the acquisition, the director directly owned 4,499 shares of the company’s stock, valued at approximately $2,993,769.57. This trade represents a 7.14% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders own 0.54% of the company’s stock.

Casey’s General Stores Stock Performance

Casey’s General Stores stock opened at $743.42 on Monday. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.64 and a current ratio of 1.04. The firm’s 50-day moving average is $671.61 and its 200-day moving average is $599.54. Casey’s General Stores, Inc. has a 1 year low of $397.80 and a 1 year high of $746.57. The company has a market cap of $27.48 billion, a P/E ratio of 42.68, a PEG ratio of 2.42 and a beta of 0.61.

Casey’s General Stores (NASDAQ:CASY) last posted its earnings results on Monday, March 9th. The company reported $3.49 EPS for the quarter, beating the consensus estimate of $2.94 by $0.55. Casey’s General Stores had a return on equity of 17.56% and a net margin of 3.83%.The company had revenue of $3.92 billion during the quarter, compared to analyst estimates of $4.08 billion. During the same period in the prior year, the company earned $2.33 earnings per share. The business’s revenue was up .3% compared to the same quarter last year. On average, equities analysts expect that Casey’s General Stores, Inc. will post 13.94 earnings per share for the current year.

Casey’s General Stores Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 15th. Shareholders of record on Friday, May 1st will be paid a dividend of $0.57 per share. This represents a $2.28 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date of this dividend is Friday, May 1st. Casey’s General Stores’s payout ratio is presently 13.09%.

Analyst Ratings Changes

Several research firms have commented on CASY. Wells Fargo & Company lifted their price target on Casey’s General Stores from $725.00 to $745.00 and gave the company an “overweight” rating in a report on Tuesday, March 10th. Jefferies Financial Group raised their price target on shares of Casey’s General Stores from $700.00 to $780.00 and gave the company a “buy” rating in a report on Tuesday, March 10th. Stephens restated an “overweight” rating and set a $680.00 price objective on shares of Casey’s General Stores in a research note on Tuesday, March 10th. Zacks Research cut shares of Casey’s General Stores from a “strong-buy” rating to a “hold” rating in a research report on Monday, February 23rd. Finally, JPMorgan Chase & Co. initiated coverage on shares of Casey’s General Stores in a report on Thursday, March 26th. They set a “neutral” rating and a $719.00 price target for the company. Eight analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $700.09.

Casey’s General Stores Company Profile

Casey’s General Stores, Inc (NASDAQ: CASY) is a U.S.-based convenience store chain that operates retail fuel stations and food-focused convenience outlets. Founded in 1959 in Boone, Iowa, the company has grown from a single neighborhood store into a regional operator known for combining traditional convenience retailing—fuel, packaged goods and tobacco—with a larger emphasis on fresh and prepared foods.

The company’s stores typically offer gasoline and diesel alongside a range of grocery essentials, grab-and-go items and made-to-order foodservice.