River Road Asset Management LLC Sells 31,210 Shares of Casey’s General Stores, Inc. (NASDAQ:CASY)

River Road Asset Management LLC decreased its position in shares of Casey’s General Stores, Inc. (NASDAQ:CASY) by 25.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 91,129 shares of the company’s stock after selling 31,210 shares during the period. River Road Asset Management LLC owned approximately 0.25% of Casey’s General Stores worth $36,108,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Soros Capital Management LLC increased its position in Casey’s General Stores by 1,825.6% during the 3rd quarter. Soros Capital Management LLC now owns 27,632 shares of the company’s stock worth $10,382,000 after buying an additional 26,197 shares during the period. Sanctuary Advisors LLC increased its position in Casey’s General Stores by 55.6% during the 4th quarter. Sanctuary Advisors LLC now owns 8,579 shares of the company’s stock worth $3,629,000 after buying an additional 3,065 shares during the period. PNC Financial Services Group Inc. increased its position in Casey’s General Stores by 9.9% during the 3rd quarter. PNC Financial Services Group Inc. now owns 14,725 shares of the company’s stock worth $5,532,000 after buying an additional 1,332 shares during the period. JLB & Associates Inc. grew its holdings in shares of Casey’s General Stores by 1.8% during the 4th quarter. JLB & Associates Inc. now owns 43,029 shares of the company’s stock worth $17,049,000 after purchasing an additional 749 shares in the last quarter. Finally, South Dakota Investment Council grew its holdings in shares of Casey’s General Stores by 28.0% during the 4th quarter. South Dakota Investment Council now owns 10,065 shares of the company’s stock worth $3,988,000 after purchasing an additional 2,200 shares in the last quarter. Institutional investors own 85.63% of the company’s stock.

Insider Transactions at Casey’s General Stores

In other news, insider Katrina S. Lindsey sold 450 shares of the firm’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 directly owns 2,247 shares in the company, valued at $959,761.11. This trade represents a 16.69 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Mike Spanos acquired 500 shares of the stock in a transaction dated Monday, December 23rd. The shares were bought at an average price of $396.76 per share, with a total value of $198,380.00. Following the completion of the transaction, the director now directly owns 3,097 shares of the company’s stock, valued at $1,228,765.72. The trade was a 19.25 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.56% of the stock is owned by corporate insiders.

Casey’s General Stores Stock Performance

Shares of CASY stock opened at $381.68 on Tuesday. The business’s 50-day moving average price is $410.00 and its 200-day moving average price is $399.54. Casey’s General Stores, Inc. has a 12 month low of $290.00 and a 12 month high of $445.17. The firm has a market capitalization of $14.17 billion, a price-to-earnings ratio of 26.60, a PEG ratio of 2.40 and a beta of 0.87. The company has a current ratio of 0.88, a quick ratio of 0.49 and a debt-to-equity ratio of 0.74.

Casey’s General Stores (NASDAQ:CASY) last announced its quarterly earnings results on Monday, December 9th. The company reported $4.85 EPS for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $3.95 billion for the quarter, compared to analyst estimates of $4.03 billion. During the same period last year, the firm posted $4.24 earnings per share. The business’s revenue for the quarter was down 2.9% on a year-over-year basis. Equities research analysts forecast that Casey’s General Stores, Inc. will post 13.94 EPS for the current year.

Analyst Ratings Changes

Several analysts have recently issued reports on CASY shares. Royal Bank of Canada increased their target price on Casey’s General Stores from $403.00 to $428.00 and gave the stock a “sector perform” rating in a report on Tuesday, December 10th. BMO Capital Markets reaffirmed a “market perform” rating and issued a $450.00 price objective (up from $400.00) on shares of Casey’s General Stores in a research note on Wednesday, December 18th. StockNews.com lowered Casey’s General Stores from a “buy” rating to a “hold” rating in a research note on Saturday. Evercore ISI raised their price objective on Casey’s General Stores from $460.00 to $470.00 and gave the company an “outperform” rating in a research note on Friday, December 13th. Finally, Gordon Haskett raised Casey’s General Stores from a “hold” rating to a “buy” rating in a research note on Thursday, February 13th. 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. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $424.00.

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.