Illinois Municipal Retirement Fund Has $14.94 Million Holdings in Casey’s General Stores, Inc. $CASY

Illinois Municipal Retirement Fund increased its holdings in shares of Casey’s General Stores, Inc. (NASDAQ:CASY) by 11.9% during the first quarter, Holdings Channel reports. The fund owned 20,519 shares of the company’s stock after purchasing an additional 2,183 shares during the period. Illinois Municipal Retirement Fund’s holdings in Casey’s General Stores were worth $14,935,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of CASY. Journey Advisory Group LLC grew its holdings in shares of Casey’s General Stores by 5.2% during the first quarter. Journey Advisory Group LLC now owns 9,264 shares of the company’s stock worth $6,743,000 after purchasing an additional 461 shares during the last quarter. Geneos Wealth Management Inc. raised its holdings in shares of Casey’s General Stores by 115.6% in the first quarter. Geneos Wealth Management Inc. now owns 97 shares of the company’s stock valued at $71,000 after buying an additional 52 shares during the last quarter. Sanctuary Advisors LLC raised its holdings in shares of Casey’s General Stores by 5.8% in the first quarter. Sanctuary Advisors LLC now owns 22,026 shares of the company’s stock valued at $16,032,000 after buying an additional 1,217 shares during the last quarter. Sigma Planning Corp acquired a new position in Casey’s General Stores during the 1st quarter worth about $274,000. Finally, Checchi Capital Advisers LLC lifted its position in Casey’s General Stores by 6.1% during the 1st quarter. Checchi Capital Advisers LLC now owns 420 shares of the company’s stock worth $306,000 after buying an additional 24 shares in the last quarter. 85.63% of the stock is owned by institutional investors and hedge funds.

Casey’s General Stores Price Performance

Shares of CASY stock opened at $827.04 on Friday. The stock has a 50-day moving average price of $822.56 and a 200 day moving average price of $730.75. The company has a quick ratio of 0.60, a current ratio of 1.01 and a debt-to-equity ratio of 0.59. The firm has a market cap of $30.61 billion, a price-to-earnings ratio of 43.16, a PEG ratio of 2.42 and a beta of 0.62. Casey’s General Stores, Inc. has a 12 month low of $490.00 and a 12 month high of $927.85.

Casey’s General Stores (NASDAQ:CASY) last announced its quarterly earnings data on Tuesday, June 9th. The company reported $4.37 earnings per share for the quarter, topping the consensus estimate of $3.31 by $1.06. Casey’s General Stores had a return on equity of 18.73% and a net margin of 4.07%.The firm had revenue of $4.57 billion during the quarter, compared to analysts’ expectations of $4.33 billion. During the same period in the previous year, the business posted $2.63 EPS. The company’s quarterly revenue was up 14.5% compared to the same quarter last year. Research analysts expect that Casey’s General Stores, Inc. will post 21.14 EPS for the current year.

Casey’s General Stores Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 14th. Investors of record on Saturday, August 1st will be paid a dividend of $0.65 per share. This represents a $2.60 dividend on an annualized basis and a dividend yield of 0.3%. This is a positive change from Casey’s General Stores’s previous quarterly dividend of $0.57. The ex-dividend date of this dividend is Friday, July 31st. Casey’s General Stores’s payout ratio is presently 11.90%.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the stock. Evercore restated an “outperform” rating and issued a $990.00 price objective on shares of Casey’s General Stores in a research report on Friday, June 12th. Zacks Research lowered shares of Casey’s General Stores from a “strong-buy” rating to a “hold” rating in a research report on Friday, June 5th. KeyCorp increased their price target on shares of Casey’s General Stores from $950.00 to $970.00 and gave the company an “overweight” rating in a research note on Thursday, June 11th. Royal Bank Of Canada raised their price target on shares of Casey’s General Stores from $794.00 to $850.00 and gave the company a “sector perform” rating in a report on Thursday, June 25th. Finally, Wolfe Research restated an “outperform” rating and issued a $1,069.00 price objective on shares of Casey’s General Stores in a research report on Thursday, June 11th. Fourteen analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat.com, Casey’s General Stores currently has an average rating of “Moderate Buy” and a consensus target price of $940.00.

Insider Buying and Selling at Casey’s General Stores

In other Casey’s General Stores news, insider Chad Michael Frazell sold 3,013 shares of the firm’s stock in a transaction that occurred on Tuesday, June 30th. The shares were sold at an average price of $787.49, for a total value of $2,372,707.37. Following the transaction, the insider directly owned 9,823 shares of the company’s stock, valued at approximately $7,735,514.27. This trade represents a 23.47% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Allison M. Wing sold 530 shares of Casey’s General Stores stock in a transaction on Wednesday, July 8th. The stock was sold at an average price of $837.58, for a total transaction of $443,917.40. Following the sale, the director directly owned 3,042 shares of the company’s stock, valued at $2,547,918.36. This represents a 14.84% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 30,243 shares of company stock valued at $24,421,877 over the last 90 days. Company insiders own 0.54% of the company’s stock.

Casey’s General Stores Company Profile

Casey’s General Stores, Inc (NASDAQ: CASY) is a U.S.-based convenience store chain that operates retail fuel stations and food-focused convenience outlets. Founded in 1959 in Boone, Iowa, the company has grown from a single neighborhood store into a regional operator known for combining traditional convenience retailing—fuel, packaged goods and tobacco—with a larger emphasis on fresh and prepared foods.

The company’s stores typically offer gasoline and diesel alongside a range of grocery essentials, grab-and-go items and made-to-order foodservice.