WCM Investment Management LLC Has $1.98 Million Stock Position in Casey’s General Stores, Inc. (NASDAQ:CASY)

WCM Investment Management LLC increased its position in shares of Casey’s General Stores, Inc. (NASDAQ:CASY) by 2.8% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 4,969 shares of the company’s stock after buying an additional 133 shares during the quarter. WCM Investment Management LLC’s holdings in Casey’s General Stores were worth $1,981,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently bought and sold shares of the company. YANKCOM Partnership acquired a new stake in shares of Casey’s General Stores in the fourth quarter valued at about $34,000. Endeavor Private Wealth Inc. bought a new stake in Casey’s General Stores during the 4th quarter valued at approximately $36,000. Venturi Wealth Management LLC grew its holdings 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 valued at $47,000 after buying an additional 113 shares during the last quarter. V Square Quantitative Management LLC grew its holdings in Casey’s General Stores by 22.5% in the 3rd quarter. V Square Quantitative Management LLC now owns 158 shares of the company’s stock valued at $59,000 after buying an additional 29 shares during the last quarter. Finally, MassMutual Private Wealth & Trust FSB increased its position in Casey’s General Stores by 24.2% in the 4th 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. Institutional investors own 85.63% of the company’s stock.

Casey’s General Stores Trading Up 1.3 %

Shares of CASY opened at $432.17 on Tuesday. The company has a current ratio of 0.88, a quick ratio of 0.49 and a debt-to-equity ratio of 0.74. The stock has a market cap of $16.04 billion, a PE ratio of 30.12, a PEG ratio of 2.48 and a beta of 0.83. Casey’s General Stores, Inc. has a 1 year low of $279.99 and a 1 year high of $439.68. The stock has a 50 day simple moving average of $408.95 and a 200-day simple moving average of $394.06.

Casey’s General Stores (NASDAQ:CASY) last released its quarterly earnings data on Monday, December 9th. The company reported $4.85 earnings per share (EPS) for the quarter, topping the consensus estimate 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 during the quarter, compared to analyst estimates of $4.03 billion. During the same period in the prior year, the company posted $4.24 earnings per share. The business’s revenue for the quarter was down 2.9% compared to the same quarter last year. On average, sell-side analysts predict that Casey’s General Stores, Inc. will post 13.94 EPS for the current fiscal year.

Casey’s General Stores Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, February 17th. Investors of record on Monday, February 3rd will be issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 0.46%. The ex-dividend date of this dividend is Monday, February 3rd. Casey’s General Stores’s dividend payout ratio is currently 13.94%.

Insider Buying and Selling at Casey’s General Stores

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

Analyst Ratings Changes

Several equities research analysts have recently issued reports on CASY shares. Gordon Haskett initiated coverage on shares of Casey’s General Stores in a research note on Monday, November 4th. They issued a “hold” rating and a $400.00 price objective on the stock. StockNews.com lowered shares of Casey’s General Stores from a “buy” rating to a “hold” rating in a research report on Monday. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Casey’s General Stores from $451.00 to $454.00 and gave the stock a “buy” rating in a report on Wednesday, November 6th. Royal Bank of Canada lifted their target price on Casey’s General Stores from $403.00 to $428.00 and gave the stock a “sector perform” rating in a research report on Tuesday, December 10th. Finally, Evercore ISI boosted their price target 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. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $424.00.

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.