Casey’s General Stores, Inc. (NASDAQ:CASY) Shares Purchased by Harbor Capital Advisors Inc.

Harbor Capital Advisors Inc. boosted its stake in Casey’s General Stores, Inc. (NASDAQ:CASY) by 95.3% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 4,780 shares of the company’s stock after purchasing an additional 2,333 shares during the period. Harbor Capital Advisors Inc.’s holdings in Casey’s General Stores were worth $1,796,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Wealth Enhancement Advisory Services LLC raised its holdings in shares of Casey’s General Stores by 3.7% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 2,851 shares of the company’s stock valued at $908,000 after buying an additional 103 shares during the period. First Trust Direct Indexing L.P. purchased a new stake in Casey’s General Stores during the first quarter worth about $212,000. Norden Group LLC acquired a new stake in shares of Casey’s General Stores during the first quarter worth about $320,000. Private Advisor Group LLC boosted its stake in shares of Casey’s General Stores by 3.5% in the first quarter. Private Advisor Group LLC now owns 3,426 shares of the company’s stock valued at $1,091,000 after purchasing an additional 117 shares during the period. Finally, Janney Montgomery Scott LLC grew its holdings in shares of Casey’s General Stores by 46.1% in the first quarter. Janney Montgomery Scott LLC now owns 8,309 shares of the company’s stock valued at $2,646,000 after purchasing an additional 2,620 shares in the last quarter. Hedge funds and other institutional investors own 85.63% of the company’s stock.

Insider Buying and Selling at Casey’s General Stores

In other Casey’s General Stores news, Director Mike Spanos bought 267 shares of the stock in a transaction dated Wednesday, September 18th. The shares were acquired at an average cost of $376.18 per share, for a total transaction of $100,440.06. Following the completion of the transaction, the director now owns 2,594 shares in the company, valued at approximately $975,810.92. The trade was a 0.00 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other Casey’s General Stores news, insider Thomas P. Brennan, Jr. sold 3,000 shares of the company’s stock in a transaction that occurred on Friday, September 6th. The stock was sold at an average price of $380.24, for a total transaction of $1,140,720.00. Following the completion of the sale, the insider now directly owns 9,044 shares of the company’s stock, valued at $3,438,890.56. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Mike Spanos acquired 267 shares of the firm’s stock in a transaction on Wednesday, September 18th. The shares were bought at an average cost of $376.18 per share, with a total value of $100,440.06. Following the completion of the transaction, the director now directly owns 2,594 shares in the company, valued at $975,810.92. This trade represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. 0.56% of the stock is owned by company insiders.

Casey’s General Stores Stock Up 4.2 %

Shares of NASDAQ:CASY opened at $396.90 on Wednesday. The company has a current ratio of 0.84, a quick ratio of 0.44 and a debt-to-equity ratio of 0.44. The firm has a 50 day simple moving average of $378.67 and a 200-day simple moving average of $364.06. The company has a market capitalization of $14.73 billion, a PE ratio of 28.89 and a beta of 0.79. Casey’s General Stores, Inc. has a twelve month low of $266.56 and a twelve month high of $401.17.

Casey’s General Stores (NASDAQ:CASY) last released its quarterly earnings data on Wednesday, September 4th. The company reported $4.83 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.54 by $0.29. Casey’s General Stores had a net margin of 3.40% and a return on equity of 17.07%. The company had revenue of $4.10 billion during the quarter, compared to the consensus estimate of $4.15 billion. During the same quarter in the prior year, the firm posted $4.52 earnings per share. Casey’s General Stores’s revenue for the quarter was up 5.9% on a year-over-year basis. On average, equities analysts predict that Casey’s General Stores, Inc. will post 14.01 EPS for the current fiscal year.

Casey’s General Stores Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Friday, November 1st will be given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 0.50%. The ex-dividend date of this dividend is Friday, November 1st. Casey’s General Stores’s dividend payout ratio (DPR) is 14.56%.

Analysts Set New Price Targets

Several equities analysts have commented on the stock. Deutsche Bank Aktiengesellschaft raised their price target on shares of Casey’s General Stores from $420.00 to $444.00 and gave the company a “buy” rating in a research report on Monday, July 29th. Gordon Haskett assumed coverage on Casey’s General Stores in a report on Monday. They issued a “hold” rating and a $400.00 target price for the company. Wells Fargo & Company upped their price target on Casey’s General Stores from $415.00 to $425.00 and gave the stock an “overweight” rating in a report on Friday, September 6th. Royal Bank of Canada lifted their price objective on Casey’s General Stores from $393.00 to $403.00 and gave the company a “sector perform” rating in a research note on Thursday, September 5th. Finally, Melius Research began coverage on shares of Casey’s General Stores in a research note on Monday, September 23rd. They set a “buy” rating and a $435.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $407.42.

Casey’s General Stores Profile

Casey's General Stores, Inc, together with its subsidiaries, operates convenience stores under the Casey's and Casey's General Store names. Its stores offer pizza, donuts, breakfast items, and sandwiches; and tobacco and nicotine products. The company's stores provide soft drinks, energy, water, sports drinks, juices, coffee, and tea and dairy products; beer, wine, and spirits; snacks, candy, packaged bakery, and other food items; ice, ice cream, meals, and appetizers; health and beauty aids, automotive products, electronic accessories, housewares, and pet supplies; and ATM, lotto/lottery, and prepaid cards.