Casey’s General Stores, Inc. (NASDAQ:CASY) Shares Acquired by Tectonic Advisors LLC

Tectonic Advisors LLC raised its holdings in shares of Casey’s General Stores, Inc. (NASDAQ:CASY) by 3.6% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,109 shares of the company’s stock after buying an additional 39 shares during the period. Tectonic Advisors LLC’s holdings in Casey’s General Stores were worth $440,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the business. Northwestern Mutual Wealth Management Co. lifted its stake in Casey’s General Stores by 59.2% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 820 shares of the company’s stock valued at $313,000 after buying an additional 305 shares in the last quarter. Cetera Investment Advisers raised its holdings in shares of Casey’s General Stores by 7.1% during the second quarter. Cetera Investment Advisers now owns 9,955 shares of the company’s stock valued at $3,798,000 after acquiring an additional 664 shares during the period. GAMMA Investing LLC lifted its position in shares of Casey’s General Stores by 11.9% in the 3rd quarter. GAMMA Investing LLC now owns 773 shares of the company’s stock valued at $290,000 after acquiring an additional 82 shares in the last quarter. Atomi Financial Group Inc. boosted its stake in Casey’s General Stores by 10.0% in the 3rd quarter. Atomi Financial Group Inc. now owns 582 shares of the company’s stock worth $219,000 after purchasing an additional 53 shares during the period. Finally, UMB Bank n.a. grew its position in Casey’s General Stores by 6.0% during the 3rd quarter. UMB Bank n.a. now owns 2,483 shares of the company’s stock worth $933,000 after purchasing an additional 140 shares in the last quarter. Institutional investors and hedge funds own 85.63% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently issued reports on CASY shares. Gordon Haskett initiated coverage on Casey’s General Stores in a report on Monday, November 4th. They issued a “hold” rating and a $400.00 target price for the company. Deutsche Bank Aktiengesellschaft increased their price objective on Casey’s General Stores from $451.00 to $454.00 and gave the stock a “buy” rating in a research note 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 company a “sector perform” rating in a research note on Tuesday, December 10th. BMO Capital Markets reiterated a “market perform” rating and issued a $450.00 target price (up previously from $400.00) on shares of Casey’s General Stores in a report on Wednesday, December 18th. Finally, StockNews.com cut shares of Casey’s General Stores from a “strong-buy” rating to a “buy” rating in a report on Friday, December 13th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $424.00.

Casey’s General Stores Trading Up 1.4 %

Shares of NASDAQ:CASY opened at $435.27 on Friday. Casey’s General Stores, Inc. has a 1 year low of $274.81 and a 1 year high of $439.68. The firm has a fifty day moving average price of $408.61 and a 200 day moving average price of $393.05. The stock has a market capitalization of $16.16 billion, a PE ratio of 30.33, a P/E/G ratio of 2.40 and a beta of 0.83. The company has a current ratio of 0.88, a quick ratio of 0.49 and a debt-to-equity ratio of 0.74.

Casey’s General Stores (NASDAQ:CASY) last issued its quarterly earnings data on Monday, December 9th. The company reported $4.85 earnings per share for the quarter, topping analysts’ consensus estimates of $4.29 by $0.56. Casey’s General Stores had a net margin of 3.57% and a return on equity of 17.17%. The business had revenue of $3.95 billion during the quarter, compared to analysts’ expectations of $4.03 billion. During the same period in the previous year, the company earned $4.24 earnings per share. Casey’s General Stores’s revenue for the quarter was down 2.9% on a year-over-year basis. Analysts expect that Casey’s General Stores, Inc. will post 13.94 EPS for the current fiscal year.

Casey’s General Stores Dividend Announcement

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

Insider Buying and Selling

In related news, Director Mike Spanos bought 500 shares of Casey’s General Stores stock in a transaction that occurred on Monday, December 23rd. The stock was acquired at an average price of $396.76 per share, for a total transaction of $198,380.00. Following the completion of the purchase, the director now owns 3,097 shares in the company, valued at approximately $1,228,765.72. This represents a 19.25 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Katrina S. Lindsey sold 450 shares of the business’s stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $427.13, for a total value of $192,208.50. Following the transaction, the insider now owns 2,247 shares in the company, valued at $959,761.11. This represents a 16.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.56% of the stock is owned by insiders.

About Casey’s General Stores

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.