Genesis Private Wealth LLC Makes New $204,000 Investment in Casey’s General Stores, Inc. (NASDAQ:CASY)

Genesis Private Wealth LLC acquired a new stake in shares of Casey’s General Stores, Inc. (NASDAQ:CASY) during the fourth quarter, Holdings Channel reports. The fund acquired 514 shares of the company’s stock, valued at approximately $204,000.

Several other large investors have also recently modified their holdings of the stock. Venturi Wealth Management LLC increased its stake 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 purchasing an additional 113 shares during the period. V Square Quantitative Management LLC grew its holdings in shares of 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 purchasing an additional 29 shares during the last quarter. MassMutual Private Wealth & Trust FSB increased its stake in shares of 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 worth $59,000 after buying an additional 29 shares during the period. Quarry LP bought a new stake in Casey’s General Stores during the 2nd quarter valued at $72,000. Finally, Kennebec Savings Bank bought a new stake in Casey’s General Stores during the 3rd quarter valued at $76,000. Hedge funds and other institutional investors own 85.63% of the company’s stock.

Insiders Place Their Bets

In other Casey’s General Stores news, insider Katrina S. Lindsey sold 450 shares of the firm’s stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $427.13, for a total transaction of $192,208.50. Following the completion of the sale, the insider now directly owns 2,247 shares in the company, valued at approximately $959,761.11. This trade represents a 16.69 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Mike Spanos bought 500 shares of the company’s stock in a transaction dated Monday, December 23rd. The stock was purchased at an average price of $396.76 per share, for a total transaction of $198,380.00. Following the purchase, the director now owns 3,097 shares of the company’s stock, valued at approximately $1,228,765.72. This represents a 19.25 % increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 0.56% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the stock. Evercore ISI boosted their price objective on shares of Casey’s General Stores from $460.00 to $470.00 and gave the company an “outperform” rating in a research report on Friday, December 13th. Gordon Haskett began coverage on Casey’s General Stores in a report on Monday, November 4th. They set a “hold” rating and a $400.00 price target on the stock. Deutsche Bank Aktiengesellschaft increased their price objective on Casey’s General Stores from $451.00 to $454.00 and gave the stock a “buy” rating in a report on Wednesday, November 6th. BMO Capital Markets reissued a “market perform” rating and set a $450.00 target price (up from $400.00) on shares of Casey’s General Stores in a research note on Wednesday, December 18th. Finally, StockNews.com lowered Casey’s General Stores from a “strong-buy” rating to a “buy” rating in a research note on Friday, December 13th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $424.00.

Casey’s General Stores Stock Down 0.3 %

NASDAQ:CASY opened at $401.21 on Thursday. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.88 and a quick ratio of 0.49. The firm’s 50-day moving average price is $407.65 and its 200-day moving average price is $389.61. The company has a market capitalization of $14.89 billion, a PE ratio of 27.96, a P/E/G ratio of 2.23 and a beta of 0.82. Casey’s General Stores, Inc. has a 1-year low of $268.07 and a 1-year high of $439.68.

Casey’s General Stores (NASDAQ:CASY) last announced its quarterly earnings data on Monday, December 9th. The company reported $4.85 earnings per share for the quarter, topping analysts’ consensus estimates of $4.29 by $0.56. Casey’s General Stores had a net margin of 3.57% and a return on equity of 17.17%. The business had revenue of $3.95 billion for the quarter, compared to analysts’ expectations of $4.03 billion. During the same quarter in the prior year, the company earned $4.24 earnings per share. The business’s revenue was down 2.9% compared to the same quarter last year. On average, equities analysts predict that Casey’s General Stores, Inc. will post 13.94 EPS for the current fiscal year.

Casey’s General Stores Dividend Announcement

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

Casey’s General Stores 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.