Thompson Siegel & Walmsley LLC Trims Stake in Casey’s General Stores, Inc. (NASDAQ:CASY)

Thompson Siegel & Walmsley LLC lowered its holdings in Casey’s General Stores, Inc. (NASDAQ:CASY) by 49.0% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 4,194 shares of the company’s stock after selling 4,028 shares during the period. Thompson Siegel & Walmsley LLC’s holdings in Casey’s General Stores were worth $1,576,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of CASY. Park Place Capital Corp purchased a new stake in Casey’s General Stores in the second quarter valued at approximately $31,000. Advisors Asset Management Inc. bought a new position in shares of Casey’s General Stores in the 1st quarter worth $32,000. Innealta Capital LLC purchased a new stake in shares of Casey’s General Stores during the 2nd quarter valued at $32,000. Bank & Trust Co bought a new stake in shares of Casey’s General Stores during the 2nd quarter worth $40,000. Finally, Venturi Wealth Management LLC grew 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 in the last quarter. Institutional investors own 85.63% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. Evercore ISI raised their price target on 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. Deutsche Bank Aktiengesellschaft boosted 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. Royal Bank of Canada increased their price target on shares of Casey’s General Stores from $393.00 to $403.00 and gave the company a “sector perform” rating in a research report on Thursday, September 5th. StockNews.com lowered shares of Casey’s General Stores from a “strong-buy” rating to a “buy” rating in a report on Saturday, August 3rd. Finally, Wells Fargo & Company increased their target price on shares of Casey’s General Stores from $415.00 to $425.00 and gave the company an “overweight” rating in a report on Friday, September 6th. One analyst has rated the stock with a sell rating, three have given a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $408.25.

Casey’s General Stores Stock Up 2.8 %

NASDAQ CASY opened at $427.88 on Friday. The business’s 50-day moving average is $390.34 and its 200 day moving average is $372.51. The stock has a market capitalization of $15.88 billion, a PE ratio of 31.14 and a beta of 0.79. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.84 and a quick ratio of 0.44. Casey’s General Stores, Inc. has a 1 year low of $266.56 and a 1 year high of $428.61.

Casey’s General Stores (NASDAQ:CASY) last announced its earnings results on Wednesday, September 4th. The company reported $4.83 EPS for the quarter, beating analysts’ consensus estimates of $4.54 by $0.29. The company 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 firm’s revenue for the quarter was up 5.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $4.52 earnings per share. Sell-side analysts forecast that Casey’s General Stores, Inc. will post 14.24 earnings per share for the current year.

Casey’s General Stores Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Friday, November 1st were paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.47%. The ex-dividend date of this dividend was Friday, November 1st. Casey’s General Stores’s payout ratio is 14.56%.

Insider Activity at Casey’s General Stores

In related news, insider Thomas P. Brennan, Jr. sold 3,000 shares of Casey’s General Stores stock in a transaction that occurred 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 sale, the insider now directly owns 9,044 shares in the company, valued at $3,438,890.56. The trade was a 24.91 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Darren M. Rebelez sold 13,500 shares of the stock in a transaction on Friday, September 6th. The stock was sold at an average price of $374.54, for a total value of $5,056,290.00. Following the completion of the transaction, the chief executive officer now owns 73,838 shares of the company’s stock, valued at approximately $27,655,284.52. This trade represents a 15.46 % decrease in their position. The disclosure for this sale can be found here. 0.56% of the stock is owned by corporate insiders.

About Casey’s General Stores

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.