Casey’s General Stores, Inc. (NASDAQ:CASY) Holdings Raised by James Investment Research Inc.

James Investment Research Inc. grew its stake in shares of Casey’s General Stores, Inc. (NASDAQ:CASY) by 8.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 8,561 shares of the company’s stock after purchasing an additional 632 shares during the period. James Investment Research Inc.’s holdings in Casey’s General Stores were worth $3,392,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the stock. FMR LLC lifted its holdings in shares of Casey’s General Stores by 3.8% during the third quarter. FMR LLC now owns 1,046,830 shares of the company’s stock valued at $393,305,000 after purchasing an additional 38,226 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of Casey’s General Stores by 18.7% during the third quarter. JPMorgan Chase & Co. now owns 758,804 shares of the company’s stock valued at $285,090,000 after purchasing an additional 119,350 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of Casey’s General Stores by 1.3% during the third quarter. Geode Capital Management LLC now owns 655,488 shares of the company’s stock valued at $246,335,000 after purchasing an additional 8,428 shares during the last quarter. Franklin Resources Inc. lifted its holdings in shares of Casey’s General Stores by 49.9% during the third quarter. Franklin Resources Inc. now owns 524,237 shares of the company’s stock valued at $204,861,000 after purchasing an additional 174,586 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its holdings in shares of Casey’s General Stores by 0.3% during the third quarter. Charles Schwab Investment Management Inc. now owns 273,332 shares of the company’s stock valued at $102,694,000 after purchasing an additional 702 shares during the last quarter. 85.63% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the company. Royal Bank of Canada increased their price objective on Casey’s General Stores from $403.00 to $428.00 and gave the stock a “sector perform” rating in a research note on Tuesday, December 10th. StockNews.com downgraded Casey’s General Stores from a “buy” rating to a “hold” rating in a research note on Monday, February 10th. BMO Capital Markets reissued a “market perform” rating and issued a $450.00 price objective (up from $400.00) on shares of Casey’s General Stores in a research note on Wednesday, December 18th. Gordon Haskett raised Casey’s General Stores from a “hold” rating to a “buy” rating in a research note on Thursday. Finally, Evercore ISI raised their price target on Casey’s General Stores from $460.00 to $470.00 and gave the stock an “outperform” rating in a research note on Friday, December 13th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $424.00.

Casey’s General Stores Stock Performance

Shares of NASDAQ CASY opened at $432.17 on Friday. 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 firm has a market cap of $16.04 billion, a price-to-earnings ratio of 30.12, a P/E/G ratio of 2.48 and a beta of 0.83. The business’s 50-day simple moving average is $410.19 and its 200-day simple moving average is $395.29. Casey’s General Stores, Inc. has a 52 week low of $284.57 and a 52 week high of $445.17.

Casey’s General Stores (NASDAQ:CASY) last issued its quarterly earnings data on Monday, December 9th. The company reported $4.85 EPS for the quarter, beating analysts’ consensus estimates of $4.29 by $0.56. The business had revenue of $3.95 billion for the quarter, compared to analyst estimates of $4.03 billion. Casey’s General Stores had a return on equity of 17.17% and a net margin of 3.57%. The firm’s revenue for the quarter was down 2.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $4.24 EPS. As a group, 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 Dividend Announcement

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

Insider Activity

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