Harbor Capital Advisors Inc. Has $934,000 Stock Holdings in Casey’s General Stores, Inc. (NASDAQ:CASY)

Harbor Capital Advisors Inc. raised its stake in Casey’s General Stores, Inc. (NASDAQ:CASY) by 202.5% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 2,447 shares of the company’s stock after buying an additional 1,638 shares during the quarter. Harbor Capital Advisors Inc.’s holdings in Casey’s General Stores were worth $934,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of CASY. Norges Bank purchased a new stake in shares of Casey’s General Stores in the fourth quarter worth approximately $115,799,000. Congress Asset Management Co. MA bought a new stake in Casey’s General Stores during the first quarter worth $112,081,000. Point72 Asset Management L.P. lifted its holdings in Casey’s General Stores by 561.7% during the fourth quarter. Point72 Asset Management L.P. now owns 273,168 shares of the company’s stock worth $75,050,000 after acquiring an additional 231,887 shares during the period. Principal Financial Group Inc. lifted its holdings in Casey’s General Stores by 113.0% during the first quarter. Principal Financial Group Inc. now owns 291,838 shares of the company’s stock worth $92,936,000 after acquiring an additional 154,803 shares during the period. Finally, Benjamin F. Edwards & Company Inc. lifted its holdings in Casey’s General Stores by 1,044.0% during the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 117,974 shares of the company’s stock worth $32,412,000 after acquiring an additional 107,662 shares during the period. 85.63% of the stock is owned by hedge funds and other institutional investors.

Casey’s General Stores Trading Down 1.2 %

CASY traded down $4.66 during midday trading on Wednesday, reaching $369.07. 79,373 shares of the company’s stock traded hands, compared to its average volume of 287,957. Casey’s General Stores, Inc. has a 52 week low of $238.44 and a 52 week high of $401.07. The firm has a fifty day moving average of $366.84 and a two-hundred day moving average of $328.46. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.87 and a quick ratio of 0.42. The stock has a market capitalization of $13.70 billion, a price-to-earnings ratio of 27.83, a P/E/G ratio of 2.81 and a beta of 0.80.

Casey’s General Stores (NASDAQ:CASY) last posted its quarterly earnings results on Tuesday, June 11th. The company reported $2.34 earnings per share for the quarter, topping the consensus estimate of $1.70 by $0.64. The company had revenue of $3.60 billion for the quarter, compared to the consensus estimate of $3.47 billion. Casey’s General Stores had a return on equity of 17.25% and a net margin of 3.38%. The firm’s quarterly revenue was up 8.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.49 EPS. On average, equities analysts anticipate that Casey’s General Stores, Inc. will post 14 earnings per share for the current fiscal year.

Casey’s General Stores Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, August 15th. Investors of record on Thursday, August 1st will be paid a $0.50 dividend. The ex-dividend date is Thursday, August 1st. This represents a $2.00 annualized dividend and a dividend yield of 0.54%. This is an increase from Casey’s General Stores’s previous quarterly dividend of $0.43. Casey’s General Stores’s dividend payout ratio is presently 14.89%.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on CASY. Wells Fargo & Company lifted their price target on Casey’s General Stores from $340.00 to $415.00 and gave the stock an “overweight” rating in a report on Thursday, June 13th. Jefferies Financial Group lifted their price target on Casey’s General Stores from $342.00 to $445.00 and gave the stock a “buy” rating in a report on Wednesday, June 12th. Northcoast Research upgraded Casey’s General Stores from a “neutral” rating to a “buy” rating and set a $410.00 price target on the stock in a report on Thursday, July 11th. StockNews.com lowered Casey’s General Stores from a “strong-buy” rating to a “buy” rating in a research note on Saturday. Finally, Evercore ISI boosted their target price on Casey’s General Stores from $410.00 to $435.00 and gave the company an “outperform” rating in a research note on Monday, July 29th. Two investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, Casey’s General Stores has a consensus rating of “Moderate Buy” and an average price target of $410.22.

About Casey’s General Stores

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.