Casey’s General Stores, Inc. (NASDAQ:CASY) Shares Purchased by Intech Investment Management LLC

Intech Investment Management LLC lifted its position in Casey’s General Stores, Inc. (NASDAQ:CASY) by 125.7% during the fourth quarter, HoldingsChannel.com reports. The fund owned 11,575 shares of the company’s stock after acquiring an additional 6,446 shares during the period. Intech Investment Management LLC’s holdings in Casey’s General Stores were worth $4,586,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Private Trust Co. NA boosted its stake in Casey’s General Stores by 1.3% during the third quarter. Private Trust Co. NA now owns 2,072 shares of the company’s stock worth $778,000 after buying an additional 27 shares during the last quarter. MassMutual Private Wealth & Trust FSB boosted its stake in Casey’s General Stores by 24.2% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 149 shares of the company’s stock worth $59,000 after buying an additional 29 shares during the last quarter. Harbour Investments Inc. boosted its stake in Casey’s General Stores by 3.1% during the fourth quarter. Harbour Investments Inc. now owns 1,002 shares of the company’s stock worth $397,000 after buying an additional 30 shares during the last quarter. Laidlaw Wealth Management LLC boosted its stake in Casey’s General Stores by 3.1% during the fourth quarter. Laidlaw Wealth Management LLC now owns 1,063 shares of the company’s stock worth $421,000 after buying an additional 32 shares during the last quarter. Finally, CIBC Asset Management Inc boosted its stake in Casey’s General Stores by 3.3% during the third quarter. CIBC Asset Management Inc now owns 1,078 shares of the company’s stock worth $405,000 after buying an additional 34 shares during the last quarter. Institutional investors and hedge funds own 85.63% of the company’s stock.

Insider Buying and Selling

In related news, Director Mike Spanos bought 500 shares of the stock in a transaction that occurred on Monday, December 23rd. The stock was purchased at an average cost of $396.76 per share, with a total value of $198,380.00. Following the purchase, the director now directly owns 3,097 shares of the company’s stock, valued at $1,228,765.72. This trade represents a 19.25 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. 0.56% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of equities analysts have weighed in on the company. Gordon Haskett raised Casey’s General Stores from a “hold” rating to a “buy” rating in a research note on Thursday, February 13th. StockNews.com downgraded Casey’s General Stores from a “buy” rating to a “hold” rating in a research report on Saturday, March 8th. Royal Bank of Canada set a $438.00 target price on Casey’s General Stores and gave the company a “sector perform” rating in a research report on Wednesday, March 12th. Evercore ISI reduced their target price on Casey’s General Stores from $460.00 to $450.00 and set an “outperform” rating on the stock in a research report on Tuesday, March 11th. Finally, BMO Capital Markets restated a “market perform” rating and issued a $450.00 target price (up previously from $400.00) on shares of Casey’s General Stores in a research report on Wednesday, December 18th. 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 stock. According to MarketBeat, Casey’s General Stores has a consensus rating of “Moderate Buy” and an average target price of $423.09.

Casey’s General Stores Price Performance

CASY stock opened at $386.89 on Wednesday. The company has a current ratio of 0.88, a quick ratio of 0.49 and a debt-to-equity ratio of 0.74. The company has a market capitalization of $14.36 billion, a PE ratio of 26.96, a P/E/G ratio of 2.40 and a beta of 0.87. Casey’s General Stores, Inc. has a 12-month low of $306.42 and a 12-month high of $445.17. The business’s fifty day moving average price is $409.53 and its 200 day moving average price is $400.54.

Casey’s General Stores (NASDAQ:CASY) last posted its quarterly earnings data on Tuesday, March 11th. The company reported $2.33 earnings per share (EPS) for the quarter, beating the consensus estimate 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 firm had revenue of $3.90 billion for the quarter, compared to the consensus estimate of $3.74 billion. During the same quarter in the previous year, the business earned $2.33 EPS. The company’s quarterly revenue was up 17.2% compared to the same quarter last year. On average, sell-side analysts anticipate that Casey’s General Stores, Inc. will post 13.94 EPS for the current year.

Casey’s General Stores Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Thursday, May 1st will be paid a dividend of $0.50 per share. The ex-dividend date is Thursday, May 1st. This represents a $2.00 annualized dividend and a yield of 0.52%. Casey’s General Stores’s payout ratio is 13.94%.

Casey’s General Stores Company 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.