Leeward Investments LLC MA Has $7.44 Million Stake in Casey’s General Stores, Inc. (NASDAQ:CASY)

Leeward Investments LLC MA reduced its holdings in shares of Casey’s General Stores, Inc. (NASDAQ:CASY) by 20.5% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 19,809 shares of the company’s stock after selling 5,123 shares during the period. Leeward Investments LLC MA’s holdings in Casey’s General Stores were worth $7,443,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in CASY. Park Place Capital Corp acquired a new position in Casey’s General Stores in the second quarter valued at approximately $31,000. Advisors Asset Management Inc. bought a new position in Casey’s General Stores during the first quarter worth $32,000. Innealta Capital LLC acquired a new stake in Casey’s General Stores in the second quarter worth $32,000. Bank & Trust Co acquired a new position in shares of Casey’s General Stores during the second quarter valued at about $40,000. Finally, V Square Quantitative Management LLC raised its holdings in shares of Casey’s General Stores by 22.5% during the third quarter. V Square Quantitative Management LLC now owns 158 shares of the company’s stock valued at $59,000 after purchasing an additional 29 shares during the period. 85.63% of the stock is owned by institutional investors.

Analyst Ratings Changes

CASY has been the subject of several recent research reports. Northcoast Research upgraded Casey’s General Stores from a “neutral” rating to a “buy” rating and set a $410.00 price objective for the company in a report on Thursday, July 11th. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Casey’s General Stores from $451.00 to $454.00 and gave the company a “buy” rating in a research note on Wednesday. Wells Fargo & Company upped their target price on shares of Casey’s General Stores from $415.00 to $425.00 and gave the stock an “overweight” rating in a report on Friday, September 6th. Melius Research assumed coverage on Casey’s General Stores in a research note on Monday, September 23rd. They set a “buy” rating and a $435.00 price target for the company. Finally, StockNews.com downgraded Casey’s General Stores from a “strong-buy” rating to a “buy” rating in a research note on Saturday, August 3rd. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $408.25.

Casey’s General Stores Price Performance

CASY stock opened at $413.37 on Friday. The firm has a 50-day moving average of $381.07 and a 200 day moving average of $365.32. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.84 and a quick ratio of 0.44. The company has a market cap of $15.34 billion, a P/E ratio of 30.09 and a beta of 0.79. Casey’s General Stores, Inc. has a 1 year low of $266.56 and a 1 year high of $416.60.

Casey’s General Stores (NASDAQ:CASY) last announced its earnings results on Wednesday, September 4th. The company reported $4.83 earnings per share for the quarter, beating analysts’ consensus estimates of $4.54 by $0.29. The business had revenue of $4.10 billion during the quarter, compared to the consensus estimate of $4.15 billion. Casey’s General Stores had a net margin of 3.40% and a return on equity of 17.07%. The business’s revenue for the quarter was up 5.9% on a year-over-year basis. During the same quarter last year, the firm earned $4.52 earnings per share. On average, sell-side analysts forecast that Casey’s General Stores, Inc. will post 14.01 EPS for the current year.

Casey’s General Stores Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Friday, November 1st will be paid a $0.50 dividend. The ex-dividend date of this dividend is Friday, November 1st. This represents a $2.00 annualized dividend and a dividend yield of 0.48%. Casey’s General Stores’s dividend payout ratio is presently 14.56%.

Insider Transactions at Casey’s General Stores

In related news, CEO Darren M. Rebelez sold 13,500 shares of the company’s stock in a transaction that occurred 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 transaction, the chief executive officer now directly owns 73,838 shares of the company’s stock, valued at approximately $27,655,284.52. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, 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 transaction of $5,056,290.00. Following the transaction, the chief executive officer now directly owns 73,838 shares of the company’s stock, valued at $27,655,284.52. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Mike Spanos purchased 267 shares of the stock in a transaction dated Wednesday, September 18th. The shares were purchased at an average cost of $376.18 per share, for a total transaction of $100,440.06. Following the completion of the acquisition, the director now directly owns 2,594 shares in the company, valued at approximately $975,810.92. This trade represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 0.56% of the company’s stock.

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.