51,166 Shares in Casey's General Stores, Inc. (NASDAQ:CASY) Purchased by Marshall Wace LLP

Marshall Wace LLP bought a new position in shares of Casey's General Stores, Inc. (NASDAQ:CASY - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 51,166 shares of the company's stock, valued at approximately $20,274,000. Marshall Wace LLP owned 0.14% of Casey's General Stores at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of CASY. YANKCOM Partnership purchased a new position in Casey's General Stores in the 4th quarter valued at approximately $34,000. Endeavor Private Wealth Inc. acquired a new position in shares of Casey's General Stores during the 4th quarter worth $36,000. MassMutual Private Wealth & Trust FSB boosted its position in shares of 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 worth $59,000 after buying an additional 29 shares in the last quarter. Heck Capital Advisors LLC acquired a new stake in Casey's General Stores in the 4th quarter valued at about $79,000. Finally, V Square Quantitative Management LLC increased its holdings in 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 valued at $83,000 after acquiring an additional 52 shares in the last quarter. 85.63% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Casey's General Stores news, insider Katrina S. Lindsey sold 250 shares of the business's stock in a transaction on Friday, April 4th. The shares were sold at an average price of $437.01, for a total value of $109,252.50. Following the transaction, the insider now owns 2,443 shares in the company, valued at $1,067,615.43. The trade was a 9.28 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Mike Spanos bought 256 shares of the stock in a transaction dated Thursday, March 13th. The shares were acquired at an average price of $390.54 per share, with a total value of $99,978.24. Following the completion of the purchase, the director now directly owns 3,356 shares of the company's stock, valued at approximately $1,310,652.24. This represents a 8.26 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.56% of the stock is currently owned by corporate insiders.

Casey's General Stores Trading Up 0.6 %

NASDAQ CASY opened at $460.07 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. Casey's General Stores, Inc. has a one year low of $309.51 and a one year high of $468.88. The company's 50 day moving average price is $421.46 and its 200 day moving average price is $410.75. The firm has a market capitalization of $17.08 billion, a price-to-earnings ratio of 32.06, a PEG ratio of 2.40 and a beta of 0.74.

Casey's General Stores (NASDAQ:CASY - Get Free Report) last posted its earnings results on Tuesday, March 11th. The company reported $2.33 earnings per share for the quarter, beating the consensus estimate of $1.76 by $0.57. Casey's General Stores had a net margin of 3.57% and a return on equity of 17.17%. The business had revenue of $3.90 billion for the quarter, compared to analyst estimates of $3.74 billion. During the same quarter in the previous year, the business posted $2.33 EPS. The business's quarterly revenue was up 17.2% on a year-over-year basis. On average, sell-side analysts predict 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 issued a dividend of $0.50 per share. The ex-dividend date of this dividend is Thursday, May 1st. This represents a $2.00 annualized dividend and a dividend yield of 0.43%. Casey's General Stores's payout ratio is currently 13.94%.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on CASY shares. Royal Bank of Canada set a $438.00 price target on shares of Casey's General Stores and gave the company a "sector perform" rating in a research report on Wednesday, March 12th. 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 shares of Casey's General Stores from a "buy" rating to a "hold" rating in a research note on Saturday, March 8th. KeyCorp initiated coverage on shares of Casey's General Stores in a research note on Friday, April 11th. They set an "overweight" rating and a $500.00 price target on the stock. Finally, Evercore ISI boosted their price objective on shares of Casey's General Stores from $450.00 to $460.00 and gave the company an "outperform" rating in a research report on Tuesday, April 1st. One analyst has rated the stock with a sell rating, three have issued a hold rating, eight have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $430.33.

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.

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