Westview Management dba Westview Investment Advisors Purchases Shares of 8,697 Casey’s General Stores, Inc. $CASY

Westview Management dba Westview Investment Advisors acquired a new position in shares of Casey’s General Stores, Inc. (NASDAQ:CASY) in the fourth quarter, HoldingsChannel.com reports. The firm acquired 8,697 shares of the company’s stock, valued at approximately $4,807,000. Casey’s General Stores accounts for 2.3% of Westview Management dba Westview Investment Advisors’ investment portfolio, making the stock its 13th biggest holding.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Vontobel Holding Ltd. grew its stake in Casey’s General Stores by 129.1% in the 3rd quarter. Vontobel Holding Ltd. now owns 890,884 shares of the company’s stock valued at $503,635,000 after buying an additional 502,104 shares during the last quarter. Norges Bank acquired a new stake in Casey’s General Stores during the second quarter worth approximately $210,151,000. Victory Capital Management Inc. lifted its position in Casey’s General Stores by 35.4% during the third quarter. Victory Capital Management Inc. now owns 791,415 shares of the company’s stock worth $447,403,000 after acquiring an additional 206,777 shares during the last quarter. Invesco Ltd. boosted its holdings in shares of Casey’s General Stores by 71.7% during the second quarter. Invesco Ltd. now owns 483,907 shares of the company’s stock worth $246,923,000 after acquiring an additional 202,033 shares during the period. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main grew its position in shares of Casey’s General Stores by 4,224.4% in the second quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 174,705 shares of the company’s stock valued at $89,147,000 after purchasing an additional 170,665 shares during the last quarter. 85.63% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, insider Katrina S. Lindsey sold 200 shares of the stock in a transaction that occurred on Wednesday, March 11th. The stock was sold at an average price of $683.04, for a total value of $136,608.00. Following the completion of the sale, the insider directly owned 4,039 shares of the company’s stock, valued at $2,758,798.56. This represents a 4.72% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Moats Maria Castanon purchased 300 shares of the company’s stock in a transaction that occurred on Monday, January 5th. The shares were purchased at an average cost of $554.66 per share, for a total transaction of $166,398.00. Following the completion of the transaction, the director directly owned 803 shares of the company’s stock, valued at $445,391.98. This represents a 59.64% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. 0.54% of the stock is owned by company insiders.

Casey’s General Stores Price Performance

Casey’s General Stores stock opened at $659.63 on Monday. Casey’s General Stores, Inc. has a 52-week low of $391.55 and a 52-week high of $696.66. The stock has a market capitalization of $24.38 billion, a price-to-earnings ratio of 37.87, a PEG ratio of 2.15 and a beta of 0.65. The stock’s 50 day moving average price is $653.30 and its two-hundred day moving average price is $587.01. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.64 and a current ratio of 1.04.

Casey’s General Stores (NASDAQ:CASY) last posted its quarterly earnings results on Monday, March 9th. The company reported $3.49 earnings per share for the quarter, topping analysts’ consensus estimates of $2.94 by $0.55. The business had revenue of $3.92 billion for the quarter, compared to the consensus estimate of $4.08 billion. Casey’s General Stores had a return on equity of 17.56% and a net margin of 3.83%.The firm’s revenue for the quarter was up .3% on a year-over-year basis. During the same period in the prior year, the business earned $2.33 EPS. On average, equities analysts predict that Casey’s General Stores, Inc. will post 13.94 earnings per share for the current year.

Casey’s General Stores Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 15th. Stockholders of record on Friday, May 1st will be given a dividend of $0.57 per share. This represents a $2.28 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date of this dividend is Friday, May 1st. Casey’s General Stores’s dividend payout ratio is presently 13.09%.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the stock. UBS Group upped their price target on shares of Casey’s General Stores from $600.00 to $706.00 and gave the company a “neutral” rating in a research note on Wednesday, March 11th. Royal Bank Of Canada boosted their price objective on shares of Casey’s General Stores from $662.00 to $713.00 and gave the company a “sector perform” rating in a report on Tuesday, March 10th. Bank of America initiated coverage on shares of Casey’s General Stores in a research report on Friday, January 9th. They set a “buy” rating on the stock. Wall Street Zen cut shares of Casey’s General Stores from a “buy” rating to a “hold” rating in a report on Saturday. Finally, Zacks Research cut Casey’s General Stores from a “strong-buy” rating to a “hold” rating in a research note on Monday, February 23rd. Eight equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat.com, Casey’s General Stores currently has an average rating of “Moderate Buy” and an average price target of $698.20.

Casey’s General Stores Profile

Casey’s General Stores, Inc (NASDAQ: CASY) is a U.S.-based convenience store chain that operates retail fuel stations and food-focused convenience outlets. Founded in 1959 in Boone, Iowa, the company has grown from a single neighborhood store into a regional operator known for combining traditional convenience retailing—fuel, packaged goods and tobacco—with a larger emphasis on fresh and prepared foods.

The company’s stores typically offer gasoline and diesel alongside a range of grocery essentials, grab-and-go items and made-to-order foodservice.