Dillon & Associates Inc. Purchases 7,750 Shares of Casey's General Stores, Inc. (NASDAQ:CASY)

Dillon & Associates Inc. boosted its holdings in shares of Casey's General Stores, Inc. (NASDAQ:CASY - Free Report) by 505.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 9,283 shares of the company's stock after buying an additional 7,750 shares during the quarter. Dillon & Associates Inc.'s holdings in Casey's General Stores were worth $3,676,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of CASY. Private Trust Co. NA boosted its stake 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 acquiring an additional 27 shares in the last quarter. MassMutual Private Wealth & Trust FSB lifted 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 worth $59,000 after purchasing an additional 29 shares during the last quarter. Harbour Investments Inc. boosted its position 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 purchasing an additional 30 shares during the period. Laidlaw Wealth Management LLC grew its holdings in Casey's General Stores by 3.1% during the fourth quarter. Laidlaw Wealth Management LLC now owns 1,063 shares of the company's stock valued at $421,000 after purchasing an additional 32 shares during the last quarter. Finally, M&T Bank Corp raised its position in shares of Casey's General Stores by 2.1% in the fourth quarter. M&T Bank Corp now owns 1,802 shares of the company's stock valued at $714,000 after purchasing an additional 37 shares during the period. 85.63% of the stock is currently owned by institutional investors.

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Insider Activity

In related news, Director Mike Spanos bought 256 shares of the company's stock in a transaction on Thursday, March 13th. The shares were purchased at an average cost of $390.54 per share, for a total transaction of $99,978.24. Following the acquisition, the director now owns 3,356 shares of the company's stock, valued at approximately $1,310,652.24. This represents a 8.26 % increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. 0.56% of the stock is currently owned by company insiders.

Casey's General Stores Price Performance

Shares of Casey's General Stores stock traded up $10.00 during midday trading on Thursday, reaching $436.00. The company had a trading volume of 182,730 shares, compared to its average volume of 269,120. 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 stock has a fifty day simple moving average of $411.74 and a 200 day simple moving average of $402.14. Casey's General Stores, Inc. has a 1-year low of $306.45 and a 1-year high of $445.17. The company has a market capitalization of $16.18 billion, a price-to-earnings ratio of 30.31, a price-to-earnings-growth ratio of 2.40 and a beta of 0.87.

Casey's General Stores (NASDAQ:CASY - Get Free Report) last issued its earnings results on Tuesday, March 11th. The company reported $2.33 EPS for the quarter, beating the consensus estimate of $1.76 by $0.57. The company had revenue of $3.90 billion during 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 revenue for the quarter was up 17.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.33 EPS. As a group, equities research analysts forecast that Casey's General Stores, Inc. will post 13.94 earnings per share for the current year.

Casey's General Stores Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Thursday, May 1st will be given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.46%. The ex-dividend date of this dividend is Thursday, May 1st. Casey's General Stores's dividend payout ratio is currently 13.94%.

Analyst Upgrades and Downgrades

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

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.