Casey’s General Stores, Inc. (NASDAQ:CASY) Shares Purchased by South Dakota Investment Council

South Dakota Investment Council increased its position in shares of Casey’s General Stores, Inc. (NASDAQ:CASY) by 28.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,065 shares of the company’s stock after acquiring an additional 2,200 shares during the period. South Dakota Investment Council’s holdings in Casey’s General Stores were worth $3,988,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the company. World Equity Group Inc. lifted its stake in Casey’s General Stores by 6.9% during the 4th quarter. World Equity Group Inc. now owns 726 shares of the company’s stock worth $288,000 after acquiring an additional 47 shares in the last quarter. Redmond Asset Management LLC acquired a new position in Casey’s General Stores during the 4th quarter worth about $1,323,000. JLB & Associates Inc. lifted its stake in Casey’s General Stores by 1.8% during the 4th quarter. JLB & Associates Inc. now owns 43,029 shares of the company’s stock worth $17,049,000 after acquiring an additional 749 shares in the last quarter. Freedom Day Solutions LLC raised its position in Casey’s General Stores by 3.3% in the 4th quarter. Freedom Day Solutions LLC now owns 7,083 shares of the company’s stock valued at $2,806,000 after purchasing an additional 228 shares in the last quarter. Finally, Private Advisor Group LLC raised its position in Casey’s General Stores by 1.6% in the 4th quarter. Private Advisor Group LLC now owns 3,703 shares of the company’s stock valued at $1,467,000 after purchasing an additional 58 shares in the last quarter. Institutional investors and hedge funds own 85.63% of the company’s stock.

Casey’s General Stores Trading Down 3.6 %

CASY opened at $405.59 on Monday. Casey’s General Stores, Inc. has a one year low of $288.11 and a one year high of $445.17. The company has a market cap of $15.06 billion, a P/E ratio of 28.26, a PEG ratio of 2.40 and a beta of 0.83. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.49 and a current ratio of 0.88. The business’s 50-day simple moving average is $410.12 and its 200-day simple moving average is $397.05.

Casey’s General Stores (NASDAQ:CASY) last released its quarterly earnings results on Monday, December 9th. The company reported $4.85 EPS for the quarter, topping the consensus estimate of $4.29 by $0.56. Casey’s General Stores had a return on equity of 17.17% and a net margin of 3.57%. The company had revenue of $3.95 billion for the quarter, compared to analyst estimates of $4.03 billion. During the same quarter in the previous year, the company posted $4.24 earnings per share. The firm’s revenue was down 2.9% compared to the same quarter last year. As a group, equities research analysts expect that Casey’s General Stores, Inc. will post 13.94 EPS for the current fiscal year.

Casey’s General Stores Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, February 17th. Investors of record on Monday, February 3rd were given a $0.50 dividend. The ex-dividend date of this dividend was Monday, February 3rd. This represents a $2.00 annualized dividend and a yield of 0.49%. Casey’s General Stores’s dividend payout ratio (DPR) is 13.94%.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the company. BMO Capital Markets reaffirmed a “market perform” rating and issued a $450.00 price target (up previously from $400.00) on shares of Casey’s General Stores in a research report on Wednesday, December 18th. Gordon Haskett raised Casey’s General Stores from a “hold” rating to a “buy” rating in a research report on Thursday, February 13th. Deutsche Bank Aktiengesellschaft increased their price target on Casey’s General Stores from $451.00 to $454.00 and gave the company a “buy” rating in a research report on Wednesday, November 6th. Evercore ISI increased their price target on Casey’s General Stores from $460.00 to $470.00 and gave the company an “outperform” rating in a research report on Friday, December 13th. Finally, Royal Bank of Canada increased their price target on Casey’s General Stores from $403.00 to $428.00 and gave the company a “sector perform” rating in a research report on Tuesday, December 10th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and nine have given a buy rating to the stock. According to MarketBeat, Casey’s General Stores currently has a consensus rating of “Moderate Buy” and an average price target of $424.00.

Insider Buying and Selling

In related news, Director Mike Spanos purchased 500 shares of the business’s stock in a transaction dated 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 directly owns 3,097 shares of the company’s stock, valued at $1,228,765.72. This trade represents a 19.25 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Katrina S. Lindsey sold 450 shares of the stock in a transaction on Thursday, December 12th. The stock was sold at an average price of $427.13, for a total value of $192,208.50. Following the sale, the insider now directly owns 2,247 shares of the company’s stock, valued at approximately $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 company insiders.

Casey’s General Stores Profile

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.