AssuredPartners Investment Advisors LLC Acquires Shares of 7,727 Casey’s General Stores, Inc. (NASDAQ:CASY)

AssuredPartners Investment Advisors LLC bought a new stake in Casey’s General Stores, Inc. (NASDAQ:CASY) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 7,727 shares of the company’s stock, valued at approximately $3,062,000.

Other institutional investors have also recently made changes to their positions in the company. Soros Capital Management LLC lifted its holdings in Casey’s General Stores by 1,825.6% during the third quarter. Soros Capital Management LLC now owns 27,632 shares of the company’s stock valued at $10,382,000 after purchasing an additional 26,197 shares during the last quarter. Sanctuary Advisors LLC lifted its stake in shares of Casey’s General Stores by 55.6% during the 4th quarter. Sanctuary Advisors LLC now owns 8,579 shares of the company’s stock valued at $3,629,000 after buying an additional 3,065 shares in the last quarter. JLB & Associates Inc. boosted its holdings in Casey’s General Stores by 1.8% in the 4th quarter. JLB & Associates Inc. now owns 43,029 shares of the company’s stock worth $17,049,000 after buying an additional 749 shares during the period. South Dakota Investment Council grew its stake in Casey’s General Stores by 28.0% in the 4th quarter. South Dakota Investment Council now owns 10,065 shares of the company’s stock valued at $3,988,000 after buying an additional 2,200 shares in the last quarter. Finally, Proficio Capital Partners LLC bought a new stake in Casey’s General Stores during the 4th quarter valued at $45,224,000. Hedge funds and other institutional investors own 85.63% of the company’s stock.

Casey’s General Stores Stock Performance

Casey’s General Stores stock opened at $426.00 on Thursday. Casey’s General Stores, Inc. has a fifty-two week low of $306.45 and a fifty-two week high of $445.17. 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 stock has a market cap of $15.81 billion, a P/E ratio of 29.69, a price-to-earnings-growth ratio of 2.40 and a beta of 0.87. The firm’s fifty day moving average price is $411.74 and its 200-day moving average price is $402.14.

Casey’s General Stores (NASDAQ:CASY) last released its quarterly earnings results on Tuesday, March 11th. The company reported $2.33 earnings per share for the quarter, beating analysts’ consensus estimates of $1.76 by $0.57. Casey’s General Stores had a return on equity of 17.17% and a net margin of 3.57%. The business had revenue of $3.90 billion for the quarter, compared to the consensus estimate of $3.74 billion. During the same quarter last year, the business posted $2.33 earnings per share. The company’s revenue for the quarter was up 17.2% on a year-over-year basis. On average, equities research analysts expect 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 Thursday, May 15th. Shareholders of record on Thursday, May 1st will be paid a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 0.47%. The ex-dividend date is Thursday, May 1st. Casey’s General Stores’s dividend payout ratio is currently 13.94%.

Analyst Upgrades and Downgrades

CASY has been the subject of several recent research reports. Gordon Haskett upgraded Casey’s General Stores from a “hold” rating to a “buy” rating in a research report on Thursday, February 13th. StockNews.com lowered Casey’s General Stores from a “buy” rating to a “hold” rating in a report on Saturday, March 8th. Evercore ISI lowered their price target on shares of Casey’s General Stores from $460.00 to $450.00 and set an “outperform” rating on the stock in a report on Tuesday, March 11th. Royal Bank of Canada set a $438.00 price objective on shares of Casey’s General Stores and gave the company a “sector perform” rating in a research note on Wednesday, March 12th. Finally, BMO Capital Markets reiterated a “market perform” rating and issued a $450.00 target price (up from $400.00) on shares of Casey’s General Stores in a research note on Wednesday, December 18th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat, Casey’s General Stores currently has a consensus rating of “Moderate Buy” and a consensus price target of $423.09.

Insider Buying and Selling at Casey’s General Stores

In other Casey’s General Stores news, Director Mike Spanos acquired 256 shares of the business’s stock in a transaction dated Thursday, March 13th. The stock was bought at an average price of $390.54 per share, with a total value of $99,978.24. Following the purchase, the director now owns 3,356 shares of the company’s stock, valued at approximately $1,310,652.24. This trade represents a 8.26 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 0.56% of the company’s stock.

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.