Segall Bryant & Hamill LLC Purchases 4,458 Shares of Casey’s General Stores, Inc. (NASDAQ:CASY)

Segall Bryant & Hamill LLC grew its holdings in Casey’s General Stores, Inc. (NASDAQ:CASY) by 9.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 53,330 shares of the company’s stock after acquiring an additional 4,458 shares during the quarter. Segall Bryant & Hamill LLC’s holdings in Casey’s General Stores were worth $21,131,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the stock. YANKCOM Partnership acquired a new stake in shares of Casey’s General Stores during the 4th quarter worth $34,000. Endeavor Private Wealth Inc. acquired a new stake in Casey’s General Stores during the fourth quarter worth about $36,000. MassMutual Private Wealth & Trust FSB increased its holdings in Casey’s General Stores by 24.2% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 149 shares of the company’s stock valued at $59,000 after buying an additional 29 shares during the period. Heck Capital Advisors LLC acquired a new position in shares of Casey’s General Stores in the 4th quarter valued at approximately $79,000. Finally, V Square Quantitative Management LLC lifted its holdings in shares of Casey’s General Stores by 32.9% during the 4th quarter. V Square Quantitative Management LLC now owns 210 shares of the company’s stock worth $83,000 after acquiring an additional 52 shares during the period. Institutional investors and hedge funds own 85.63% of the company’s stock.

Casey’s General Stores Trading Up 2.1 %

CASY opened at $412.50 on Tuesday. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.88 and a quick ratio of 0.49. 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’s 50 day moving average price is $410.60 and its two-hundred day moving average price is $401.67. The firm has a market capitalization of $15.31 billion, a price-to-earnings ratio of 28.75, a PEG ratio of 2.40 and a beta of 0.87.

Casey’s General Stores (NASDAQ:CASY) last issued its quarterly earnings data on Tuesday, March 11th. The company reported $2.33 earnings per share for the quarter, topping the consensus estimate of $1.76 by $0.57. The company had revenue of $3.90 billion for the quarter, compared to analysts’ expectations of $3.74 billion. Casey’s General Stores had a net margin of 3.57% and a return on equity of 17.17%. Casey’s General Stores’s revenue for the quarter was up 17.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.33 earnings per share. As a group, research analysts predict that Casey’s General Stores, Inc. will post 13.94 earnings per share for the current year.

Casey’s General Stores Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Thursday, May 1st will be paid a $0.50 dividend. The ex-dividend date of this dividend is Thursday, May 1st. This represents a $2.00 annualized dividend and a dividend yield of 0.48%. Casey’s General Stores’s payout ratio is 13.94%.

Insider Transactions at Casey’s General Stores

In other news, Director Mike Spanos acquired 256 shares of the firm’s stock in a transaction dated Thursday, March 13th. The stock was bought at an average cost of $390.54 per share, for a total transaction of $99,978.24. Following the completion of the transaction, the director now directly owns 3,356 shares in the company, valued at $1,310,652.24. This represents a 8.26 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 0.56% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the stock. 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. StockNews.com cut Casey’s General Stores from a “buy” rating to a “hold” rating in a report on Saturday, March 8th. Evercore ISI dropped their price objective on Casey’s General Stores from $460.00 to $450.00 and set an “outperform” rating for the company in a research report on Tuesday, March 11th. 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. Finally, Gordon Haskett raised shares of Casey’s General Stores from a “hold” rating to a “buy” rating in a report on Thursday, February 13th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, Casey’s General Stores presently has an average rating of “Moderate Buy” and a consensus target price of $423.09.

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.