LexAurum Advisors LLC trimmed its stake in shares of Casey’s General Stores Inc (NASDAQ:CASY) by 31.2% in the second quarter, HoldingsChannel reports. The firm owned 1,469 shares of the company’s stock after selling 666 shares during the quarter. LexAurum Advisors LLC’s holdings in Casey’s General Stores were worth $229,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently added to or reduced their stakes in the company. Northwest Wealth Management LLC boosted its position in Casey’s General Stores by 69.6% during the first quarter. Northwest Wealth Management LLC now owns 1,950 shares of the company’s stock worth $251,000 after purchasing an additional 800 shares during the period. NN Investment Partners Holdings N.V. acquired a new stake in shares of Casey’s General Stores during the second quarter worth $325,000. TD Asset Management Inc. lifted its holdings in shares of Casey’s General Stores by 4.7% during the first quarter. TD Asset Management Inc. now owns 89,230 shares of the company’s stock worth $11,490,000 after buying an additional 3,970 shares in the last quarter. Texas Permanent School Fund lifted its holdings in shares of Casey’s General Stores by 3.8% during the first quarter. Texas Permanent School Fund now owns 24,855 shares of the company’s stock worth $3,201,000 after buying an additional 900 shares in the last quarter. Finally, Martingale Asset Management L P acquired a new stake in shares of Casey’s General Stores during the first quarter worth $5,461,000. 90.35% of the stock is owned by hedge funds and other institutional investors.

A number of research firms have recently weighed in on CASY. Zacks Investment Research downgraded Hess Midstream Partners from a “hold” rating to a “sell” rating in a report on Tuesday, May 14th. Barclays downgraded Axel Springer from an “overweight” rating to an “equal weight” rating in a report on Wednesday, June 12th. BidaskClub downgraded Westport Fuel Systems from a “buy” rating to a “hold” rating in a report on Friday, July 19th. JPMorgan Chase & Co. set a $24.00 target price on Urovant Sciences and gave the stock a “buy” rating in a report on Friday, June 14th. Finally, Jefferies Financial Group downgraded Alcoa from a “buy” rating to a “hold” rating and dropped their target price for the stock from $29.00 to $23.00 in a report on Thursday, July 18th. Seven investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $151.90.

In related news, Director H Lynn Horak sold 3,000 shares of the business’s stock in a transaction dated Friday, June 21st. The stock was sold at an average price of $154.55, for a total value of $463,650.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Brian Joseph Johnson sold 4,000 shares of the business’s stock in a transaction dated Tuesday, July 2nd. The shares were sold at an average price of $156.48, for a total value of $625,920.00. Following the completion of the transaction, the senior vice president now directly owns 14,817 shares of the company’s stock, valued at approximately $2,318,564.16. The disclosure for this sale can be found here. In the last ninety days, insiders sold 35,106 shares of company stock valued at $5,292,595. 0.72% of the stock is owned by insiders.

CASY stock traded up $2.38 during midday trading on Friday, reaching $163.55. The company had a trading volume of 344,573 shares, compared to its average volume of 309,234. The stock has a market capitalization of $6.01 billion, a P/E ratio of 29.68, a price-to-earnings-growth ratio of 2.96 and a beta of 0.60. The company’s 50 day simple moving average is $155.25. Casey’s General Stores Inc has a 1-year low of $107.79 and a 1-year high of $165.38. The company has a debt-to-equity ratio of 0.91, a current ratio of 0.69 and a quick ratio of 0.23.

Casey’s General Stores (NASDAQ:CASY) last posted its quarterly earnings results on Monday, June 10th. The company reported $0.68 EPS for the quarter, beating the Zacks’ consensus estimate of $0.41 by $0.27. The business had revenue of $2.18 billion during the quarter, compared to the consensus estimate of $2.13 billion. Casey’s General Stores had a return on equity of 14.95% and a net margin of 2.18%. Casey’s General Stores’s revenue for the quarter was up 4.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.51 earnings per share. Research analysts anticipate that Casey’s General Stores Inc will post 5.89 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, August 15th. Investors of record on Thursday, August 1st will be paid a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a yield of 0.78%. The ex-dividend date of this dividend is Wednesday, July 31st. This is an increase from Casey’s General Stores’s previous quarterly dividend of $0.29. Casey’s General Stores’s payout ratio is 21.05%.

Casey’s General Stores Company Profile

Casey's General Stores, Inc, together with its subsidiaries, operates convenience stores under the Casey's and Casey's General Store names. The company's stores offer a selection of food, including freshly prepared foods, such as pizza, donuts, and sandwiches; beverage and tobacco products; health and beauty aids; automotive products; school supplies, housewares, and pet supplies; and other nonfood items.

See Also: Day Trading

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).

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

Receive News & Ratings for Casey's General Stores Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Casey's General Stores and related companies with MarketBeat.com's FREE daily email newsletter.