Bank of Montreal Can Has $5.96 Million Holdings in Casey's General Stores, Inc. (NASDAQ:CASY)

Bank of Montreal Can lowered its stake in shares of Casey's General Stores, Inc. (NASDAQ:CASY - Free Report) by 61.8% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 15,051 shares of the company's stock after selling 24,330 shares during the period. Bank of Montreal Can's holdings in Casey's General Stores were worth $5,964,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. HighPoint Advisor Group LLC boosted its position in shares of Casey's General Stores by 1.7% during the 4th quarter. HighPoint Advisor Group LLC now owns 1,468 shares of the company's stock valued at $628,000 after acquiring an additional 25 shares in the last quarter. MassMutual Private Wealth & Trust FSB lifted its position in shares of 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 purchasing an additional 29 shares in the last quarter. Harbour Investments Inc. boosted its position in Casey's General Stores by 3.1% in the 4th quarter. Harbour Investments Inc. now owns 1,002 shares of the company's stock valued at $397,000 after buying an additional 30 shares during the last quarter. Laidlaw Wealth Management LLC boosted its holdings in Casey's General Stores by 3.1% in the fourth quarter. Laidlaw Wealth Management LLC now owns 1,063 shares of the company's stock valued at $421,000 after acquiring an additional 32 shares during the last quarter. Finally, M&T Bank Corp grew its position in shares of Casey's General Stores by 2.1% during the 4th quarter. M&T Bank Corp now owns 1,802 shares of the company's stock worth $714,000 after buying an additional 37 shares during the period. Institutional investors and hedge funds own 85.63% of the company's stock.

Casey's General Stores Stock Performance

NASDAQ CASY traded up $2.74 on Friday, hitting $460.07. 365,373 shares of the stock were exchanged, compared to its average volume of 284,097. The business's fifty day moving average is $421.46 and its 200 day moving average is $410.47. Casey's General Stores, Inc. has a 52 week low of $307.01 and a 52 week high of $468.88. The company has a market capitalization of $17.08 billion, a PE ratio of 32.06, a P/E/G ratio of 2.40 and a beta of 0.74. 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 (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, topping analysts' consensus estimates of $1.76 by $0.57. The business had revenue of $3.90 billion for the quarter, compared to analyst estimates of $3.74 billion. Casey's General Stores had a return on equity of 17.17% and a net margin of 3.57%. The firm's revenue was up 17.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.33 EPS. Research analysts anticipate that Casey's General Stores, Inc. will post 13.94 EPS for the current fiscal year.

Casey's General Stores Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Thursday, May 1st will be given 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 0.43%. Casey's General Stores's dividend payout ratio (DPR) is presently 13.94%.

Analyst Ratings Changes

A number of research analysts have recently weighed in on CASY shares. Stephens raised Casey's General Stores to a "strong-buy" rating in a research note on Monday, April 7th. Evercore ISI raised their target price on Casey's General Stores from $450.00 to $460.00 and gave the stock an "outperform" rating in a report on Tuesday, April 1st. KeyCorp assumed coverage on Casey's General Stores in a research note on Friday, April 11th. They issued an "overweight" rating and a $500.00 price target for the company. Gordon Haskett raised shares of Casey's General Stores from a "hold" rating to a "buy" rating in a research note on Thursday, February 13th. Finally, Royal Bank of Canada set a $438.00 price objective on shares of Casey's General Stores and gave the company 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, eight have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $430.33.

Insiders Place Their Bets

In related news, Director Mike Spanos purchased 256 shares of the business's stock in a transaction that occurred on Thursday, March 13th. The stock was acquired at an average cost of $390.54 per share, for a total transaction of $99,978.24. Following the completion of the purchase, the director now owns 3,356 shares in the company, valued at approximately $1,310,652.24. This represents a 8.26 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Katrina S. Lindsey sold 250 shares of the firm's stock in a transaction on Friday, April 4th. The stock was 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 approximately $1,067,615.43. This trade represents a 9.28 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.56% of the company's stock.

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.