Blueshift Asset Management LLC Purchases Shares of 692 Casey's General Stores, Inc. (NASDAQ:CASY)

Blueshift Asset Management LLC purchased a new position in shares of Casey's General Stores, Inc. (NASDAQ:CASY - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 692 shares of the company's stock, valued at approximately $274,000.

Several other institutional investors have also bought and sold shares of CASY. Private Trust Co. NA lifted its position in shares of Casey's General Stores by 1.3% during the 3rd quarter. Private Trust Co. NA now owns 2,072 shares of the company's stock worth $778,000 after buying an additional 27 shares in the last quarter. MassMutual Private Wealth & Trust FSB lifted its holdings 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 acquiring an additional 29 shares during the period. Harbour Investments Inc. lifted its holdings 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 acquiring an additional 30 shares during the period. Laidlaw Wealth Management LLC boosted its position 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 worth $421,000 after purchasing an additional 32 shares during the last quarter. Finally, CIBC Asset Management Inc grew its stake in Casey's General Stores by 3.3% in the 3rd quarter. CIBC Asset Management Inc now owns 1,078 shares of the company's stock valued at $405,000 after purchasing an additional 34 shares during the period. Institutional investors own 85.63% of the company's stock.

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Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on CASY shares. Gordon Haskett raised shares of Casey's General Stores from a "hold" rating to a "buy" rating in a report on Thursday, February 13th. Evercore ISI dropped their target price on shares of Casey's General Stores from $460.00 to $450.00 and set an "outperform" rating on the stock in a research note on Tuesday, March 11th. BMO Capital Markets restated a "market perform" rating and set a $450.00 price target (up previously from $400.00) on shares of Casey's General Stores in a research note on Wednesday, December 18th. Royal Bank of Canada set a $438.00 price objective on Casey's General Stores and gave the company a "sector perform" rating in a research note on Wednesday, March 12th. Finally, StockNews.com downgraded Casey's General Stores from a "buy" rating to a "hold" rating in a research report on Saturday, March 8th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $423.09.

Insider Activity

In related news, Director Mike Spanos bought 256 shares of the stock in a transaction that occurred on Thursday, March 13th. The shares were acquired at an average cost 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 $1,310,652.24. This trade represents a 8.26 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Corporate insiders own 0.56% of the company's stock.

Casey's General Stores Price Performance

NASDAQ:CASY traded up $8.58 during mid-day trading on Wednesday, hitting $426.00. 698,188 shares of the stock traded hands, compared to its average volume of 269,665. The business's 50-day moving average price is $411.05 and its 200 day moving average price is $401.98. The company has a quick ratio of 0.49, a current ratio of 0.88 and a debt-to-equity ratio of 0.74. The company has a market cap of $15.81 billion, a PE ratio of 29.69, a price-to-earnings-growth ratio of 2.40 and a beta of 0.87. Casey's General Stores, Inc. has a 12-month low of $306.45 and a 12-month high of $445.17.

Casey's General Stores (NASDAQ:CASY - Get Free Report) last released its quarterly earnings results 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 firm 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%. The business's quarterly revenue was up 17.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.33 earnings per share. On average, analysts expect that Casey's General Stores, Inc. will post 13.94 EPS 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 issued 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 0.47%. Casey's General Stores's payout ratio is currently 13.94%.

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.