Carnegie Investment Counsel Purchases 2,521 Shares of Casey’s General Stores, Inc. (NASDAQ:CASY)

Carnegie Investment Counsel raised its position in shares of Casey’s General Stores, Inc. (NASDAQ:CASY) by 6.8% during the fourth quarter, HoldingsChannel.com reports. The fund owned 39,634 shares of the company’s stock after buying an additional 2,521 shares during the quarter. Carnegie Investment Counsel’s holdings in Casey’s General Stores were worth $15,704,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the business. Private Trust Co. NA boosted its position in shares of Casey’s General Stores by 1.3% during the 3rd quarter. Private Trust Co. NA now owns 2,072 shares of the company’s stock valued at $778,000 after purchasing an additional 27 shares in the last quarter. V Square Quantitative Management LLC lifted its stake in Casey’s General Stores by 22.5% in the third quarter. V Square Quantitative Management LLC now owns 158 shares of the company’s stock valued at $59,000 after buying an additional 29 shares during the period. Verus Capital Partners LLC boosted its holdings in shares of Casey’s General Stores by 3.1% during the 3rd quarter. Verus Capital Partners LLC now owns 991 shares of the company’s stock worth $372,000 after buying an additional 30 shares in the last quarter. CIBC Asset Management Inc boosted its holdings in shares of Casey’s General Stores by 3.3% during the 3rd quarter. CIBC Asset Management Inc now owns 1,078 shares of the company’s stock worth $405,000 after buying an additional 34 shares in the last quarter. Finally, AdvisorNet Financial Inc grew its position in shares of Casey’s General Stores by 10.6% during the 4th quarter. AdvisorNet Financial Inc now owns 395 shares of the company’s stock worth $157,000 after buying an additional 38 shares during the period. 85.63% of the stock is currently owned by institutional investors and hedge funds.

Casey’s General Stores Trading Down 0.1 %

Shares of Casey’s General Stores stock opened at $390.98 on Friday. The company has a market capitalization of $14.51 billion, a P/E ratio of 27.25, a price-to-earnings-growth ratio of 2.20 and a beta of 0.82. The stock has a fifty day simple moving average of $409.37 and a 200 day simple moving average of $388.80. Casey’s General Stores, Inc. has a 12-month low of $268.07 and a 12-month high of $439.68. 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 posted its earnings results on Monday, December 9th. The company reported $4.85 earnings per share (EPS) for the quarter, topping the consensus estimate 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 firm had revenue of $3.95 billion during the quarter, compared to analyst estimates of $4.03 billion. During the same quarter in the prior year, the business posted $4.24 EPS. The business’s revenue was down 2.9% compared to the same quarter last year. On average, sell-side analysts anticipate that Casey’s General Stores, Inc. will post 13.94 earnings per share for the current fiscal year.

Casey’s General Stores Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, February 17th. Shareholders of record on Monday, February 3rd will be given a dividend of $0.50 per share. The ex-dividend date of this dividend is Monday, February 3rd. This represents a $2.00 annualized dividend and a dividend yield of 0.51%. Casey’s General Stores’s dividend payout ratio is currently 13.94%.

Insider Transactions at Casey’s General Stores

In related news, insider Katrina S. Lindsey sold 450 shares of the firm’s stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $427.13, for a total transaction of $192,208.50. Following the completion of the sale, the insider now owns 2,247 shares in the company, valued at approximately $959,761.11. This trade represents a 16.69 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Mike Spanos bought 500 shares of the company’s stock in a transaction on Monday, December 23rd. The stock was bought 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 of the company’s stock, valued at approximately $1,228,765.72. The trade was a 19.25 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 0.56% of the company’s stock.

Wall Street Analyst Weigh In

CASY has been the topic of a number of research reports. Gordon Haskett assumed coverage on shares of Casey’s General Stores in a research report on Monday, November 4th. They set a “hold” rating and a $400.00 target price on the stock. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Casey’s General Stores from $451.00 to $454.00 and gave the stock a “buy” rating in a research report on Wednesday, November 6th. StockNews.com lowered Casey’s General Stores from a “strong-buy” rating to a “buy” rating in a research report on Friday, December 13th. JPMorgan Chase & Co. lowered Casey’s General Stores from a “neutral” rating to an “underweight” rating and increased their price target for the stock from $300.00 to $337.00 in a report on Thursday, September 19th. Finally, Melius Research started coverage on Casey’s General Stores in a report on Monday, September 23rd. They set a “buy” rating and a $435.00 price objective for the company. One research analyst has rated the stock with a sell rating, three have given a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $424.00.

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.