Guggenheim Capital LLC Has $3,813,000 Position in Casey's General Stores Inc (CASY)

Guggenheim Capital LLC lowered its position in Casey's General Stores Inc (NASDAQ:CASY) by 17.9% during the fourth quarter, Holdings Channel reports. The institutional investor owned 32,075 shares of the company’s stock after selling 7,002 shares during the period. Guggenheim Capital LLC’s holdings in Casey's General Stores were worth $3,813,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in CASY. New York State Common Retirement Fund increased its stake in shares of Casey's General Stores by 3.3% in the third quarter. New York State Common Retirement Fund now owns 87,190 shares of the company’s stock worth $10,476,000 after buying an additional 2,753 shares in the last quarter. Canada Pension Plan Investment Board bought a new stake in Casey's General Stores during the third quarter valued at $120,000. Mairs & Power INC increased its stake in Casey's General Stores by 28.4% in the third quarter. Mairs & Power INC now owns 74,570 shares of the company’s stock valued at $8,960,000 after buying an additional 16,500 shares during the period. BlackRock Fund Advisors increased its stake in Casey's General Stores by 4.3% in the third quarter. BlackRock Fund Advisors now owns 1,432,489 shares of the company’s stock valued at $172,114,000 after buying an additional 58,661 shares during the period. Finally, Northern Trust Corp increased its stake in Casey's General Stores by 1.1% in the third quarter. Northern Trust Corp now owns 647,864 shares of the company’s stock valued at $77,841,000 after buying an additional 6,836 shares during the period. Institutional investors and hedge funds own 90.10% of the company’s stock.

Institutional Ownership by Quarter for Casey's General Stores (NASDAQ:CASY)

Shares of Casey's General Stores Inc (NASDAQ:CASY) opened at 111.30 on Tuesday. The firm has a market cap of $4.36 billion, a P/E ratio of 22.66 and a beta of 0.46. The company has a 50-day moving average of $114.72 and a 200 day moving average of $118.03. Casey's General Stores Inc has a 12-month low of $105.17 and a 12-month high of $136.22.

Casey's General Stores (NASDAQ:CASY) last announced its quarterly earnings results on Monday, March 6th. The company reported $0.58 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.90 by $0.32. Casey's General Stores had a net margin of 2.98% and a return on equity of 18.75%. The business earned $1.77 billion during the quarter, compared to analysts’ expectations of $1.81 billion. During the same period last year, the company earned $0.97 EPS. The firm’s revenue for the quarter was up 13.0% on a year-over-year basis. Equities research analysts anticipate that Casey's General Stores Inc will post $4.61 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, May 15th. Shareholders of record on Monday, May 1st will be issued a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 0.86%. The ex-dividend date of this dividend is Thursday, April 27th. Casey's General Stores’s dividend payout ratio (DPR) is presently 18.11%.

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Several research firms recently weighed in on CASY. Royal Bank of Canada dropped their target price on shares of Casey's General Stores from $139.00 to $137.00 and set an “outperform” rating for the company in a report on Thursday, December 8th. Zacks Investment Research upgraded shares of Casey's General Stores from a “sell” rating to a “hold” rating in a report on Tuesday, November 29th. Jefferies Group LLC set a $143.00 target price on shares of Casey's General Stores and gave the company a “buy” rating in a report on Friday, December 9th. BMO Capital Markets set a $118.00 target price on shares of Casey's General Stores and gave the company a “hold” rating in a report on Friday, December 9th. Finally, Wells Fargo & Co downgraded shares of Casey's General Stores to a “top pick” rating in a report on Wednesday, February 1st. Five research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $131.50.

In other Casey's General Stores news, VP William J. Walljasper sold 2,200 shares of the company’s stock in a transaction dated Wednesday, March 15th. The shares were sold at an average price of $108.74, for a total value of $239,228.00. Following the sale, the vice president now owns 22,109 shares of the company’s stock, valued at $2,404,132.66. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director William C. Kimball sold 2,000 shares of the company’s stock in a transaction dated Wednesday, March 15th. The shares were sold at an average price of $108.99, for a total transaction of $217,980.00. The disclosure for this sale can be found here. 1.30% of the stock is owned by corporate insiders.

Casey's General Stores Company Profile

Casey’s General Stores, Inc and its subsidiaries, operate convenience stores under the name Casey’s General Store in approximately 10 Midwestern states, in Iowa, Missouri, and Illinois. The Company also operates approximately two stores selling primarily tobacco products. The stores carry a range of food, including freshly prepared foods such as pizza, donuts, and sandwiches, beverages, tobacco products, health and beauty aids, automotive products and other nonfood items.

5 Day Chart for NASDAQ:CASY

Want to see what other hedge funds are holding CASY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Casey's General Stores Inc (NASDAQ:CASY).

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