Dimensional Fund Advisors LP Has $199.30 Million Holdings in Casey's General Stores, Inc. (NASDAQ:CASY)

Dimensional Fund Advisors LP lifted its stake in Casey's General Stores, Inc. (NASDAQ:CASY - Free Report) by 3.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 502,979 shares of the company's stock after acquiring an additional 17,539 shares during the period. Dimensional Fund Advisors LP owned 1.36% of Casey's General Stores worth $199,302,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Vanguard Group Inc. lifted its position in Casey's General Stores by 1.2% in the fourth quarter. Vanguard Group Inc. now owns 3,799,104 shares of the company's stock worth $1,505,319,000 after purchasing an additional 44,295 shares during the period. JPMorgan Chase & Co. boosted its stake in Casey's General Stores by 18.7% during the third quarter. JPMorgan Chase & Co. now owns 758,804 shares of the company's stock valued at $285,090,000 after buying an additional 119,350 shares in the last quarter. Franklin Resources Inc. boosted its stake in Casey's General Stores by 29.5% during the fourth quarter. Franklin Resources Inc. now owns 678,778 shares of the company's stock valued at $268,952,000 after buying an additional 154,541 shares in the last quarter. Raymond James Financial Inc. acquired a new position in Casey's General Stores during the fourth quarter worth about $236,500,000. Finally, Norges Bank bought a new stake in Casey's General Stores in the fourth quarter worth about $175,607,000. 85.63% of the stock is currently owned by institutional investors.

Casey's General Stores Stock Up 0.0 %

Shares of CASY traded up $0.05 during trading hours on Friday, reaching $447.34. The company's stock had a trading volume of 419,471 shares, compared to its average volume of 286,147. The company has a 50 day moving average of $423.31 and a two-hundred day moving average of $413.23. 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 firm has a market cap of $16.60 billion, a price-to-earnings ratio of 31.17, a P/E/G ratio of 2.40 and a beta of 0.74. Casey's General Stores, Inc. has a 1-year low of $313.67 and a 1-year high of $468.88.

Casey's General Stores (NASDAQ:CASY - Get Free Report) last released its earnings results on Tuesday, March 11th. The company reported $2.33 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 company had revenue of $3.90 billion during the quarter, compared to the consensus estimate of $3.74 billion. During the same quarter in the prior year, the firm earned $2.33 EPS. The company's revenue was up 17.2% compared to the same quarter last year. As a group, research analysts predict that Casey's General Stores, Inc. will post 13.94 EPS for the current fiscal year.

Casey's General Stores Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Investors 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 dividend on an annualized basis and a yield of 0.45%. Casey's General Stores's payout ratio is 13.94%.

Insider Buying and Selling at Casey's General Stores

In related news, Director Mike Spanos acquired 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 acquisition, the director now owns 3,356 shares in the company, valued at approximately $1,310,652.24. The trade was a 8.26 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Katrina S. Lindsey sold 250 shares of the business's stock in a transaction that occurred 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 completion of the sale, the insider now owns 2,443 shares of the company's stock, valued at approximately $1,067,615.43. This trade represents a 9.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.56% of the company's stock.

Analyst Upgrades and Downgrades

CASY has been the subject of several research reports. 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 research report on Wednesday, March 12th. Gordon Haskett upgraded shares of Casey's General Stores from a "hold" rating to a "buy" rating in a report on Thursday, February 13th. Evercore ISI upped 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, April 1st. KeyCorp initiated coverage on Casey's General Stores in a research report on Friday, April 11th. They set an "overweight" rating and a $500.00 price objective for the company. Finally, StockNews.com cut Casey's General Stores from a "buy" rating to a "hold" rating in a report on Saturday, March 8th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus 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.