Axiom Investors LLC DE Has $14.35 Million Holdings in Casey's General Stores, Inc. (NASDAQ:CASY)

Axiom Investors LLC DE decreased its position in shares of Casey's General Stores, Inc. (NASDAQ:CASY - Free Report) by 37.6% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 36,208 shares of the company's stock after selling 21,851 shares during the period. Axiom Investors LLC DE owned 0.10% of Casey's General Stores worth $14,347,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Wellington Management Group LLP grew its holdings in Casey's General Stores by 160.1% in the fourth quarter. Wellington Management Group LLP now owns 428,201 shares of the company's stock valued at $169,666,000 after purchasing an additional 263,545 shares during the period. O Shaughnessy Asset Management LLC boosted its holdings in Casey's General Stores by 3.7% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 7,591 shares of the company's stock valued at $3,008,000 after acquiring an additional 270 shares during the last quarter. Intrust Bank NA increased its stake in Casey's General Stores by 19.7% during the fourth quarter. Intrust Bank NA now owns 1,680 shares of the company's stock worth $666,000 after acquiring an additional 277 shares during the last quarter. Pictet Asset Management Holding SA increased its position in Casey's General Stores by 5.7% during the 4th quarter. Pictet Asset Management Holding SA now owns 5,121 shares of the company's stock worth $2,029,000 after purchasing an additional 278 shares in the last quarter. Finally, New Age Alpha Advisors LLC purchased a new position in Casey's General Stores in the fourth quarter valued at approximately $3,187,000. 85.63% of the stock is owned by institutional investors and hedge funds.

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Insider Activity

In other Casey's General Stores news, Director Mike Spanos purchased 256 shares of the firm's stock in a transaction on Thursday, March 13th. The shares were purchased at an average price of $390.54 per share, for a total transaction of $99,978.24. Following the completion of the transaction, the director now owns 3,356 shares in the company, valued at $1,310,652.24. This represents a 8.26 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.56% of the company's stock.

Casey's General Stores Stock Performance

NASDAQ CASY traded down $20.04 during trading hours on Friday, reaching $429.14. The company's stock had a trading volume of 286,778 shares, compared to its average volume of 277,351. 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 business has a 50-day simple moving average of $416.64 and a 200 day simple moving average of $404.57. Casey's General Stores, Inc. has a 52 week low of $306.45 and a 52 week high of $458.92. The stock has a market cap of $15.93 billion, a PE ratio of 29.76, a PEG ratio of 2.40 and a beta of 0.87.

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 (EPS) for the quarter, beating analysts' consensus estimates of $1.76 by $0.57. The firm had revenue of $3.90 billion during the quarter, compared to analyst estimates 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 was up 17.2% on a year-over-year basis. During the same period in the previous year, the business posted $2.33 EPS. Equities research analysts predict that Casey's General Stores, Inc. will post 13.94 earnings per share for the current fiscal year.

Casey's General Stores Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Thursday, May 1st will be given a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 0.47%. The ex-dividend date of this dividend is Thursday, May 1st. Casey's General Stores's dividend payout ratio (DPR) is presently 13.94%.

Analysts Set New Price Targets

Several brokerages recently issued reports on CASY. Evercore ISI increased their price target on Casey's General Stores from $450.00 to $460.00 and gave the company an "outperform" rating in a report on Tuesday. Gordon Haskett upgraded Casey's General Stores from a "hold" rating to a "buy" rating in a report on Thursday, February 13th. StockNews.com cut shares of Casey's General Stores from a "buy" rating to a "hold" rating in a research report on Saturday, March 8th. BMO Capital Markets restated a "market perform" rating and set a $450.00 target price (up from $400.00) on shares of Casey's General Stores in a research note on Wednesday, December 18th. Finally, Royal Bank of Canada set a $438.00 price objective on Casey's General Stores and gave the stock a "sector perform" rating in a report on Wednesday, March 12th. One equities research 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. According to data from MarketBeat, Casey's General Stores presently has a consensus rating of "Moderate Buy" and a consensus price target of $424.00.

About Casey's General Stores

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.