Farringdon Capital Ltd. Makes New $369,000 Investment in Casey's General Stores, Inc. (NASDAQ:CASY)

Farringdon Capital Ltd. purchased a new position in Casey's General Stores, Inc. (NASDAQ:CASY - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 932 shares of the company's stock, valued at approximately $369,000.

Several other institutional investors and hedge funds have also modified their holdings of the business. YANKCOM Partnership purchased a new position in Casey's General Stores during the fourth quarter valued at $34,000. Endeavor Private Wealth Inc. bought a new position in shares of Casey's General Stores during the 4th quarter valued at approximately $36,000. MassMutual Private Wealth & Trust FSB increased 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 acquiring an additional 29 shares in the last quarter. Heck Capital Advisors LLC bought a new stake in Casey's General Stores during the 4th quarter worth approximately $79,000. Finally, V Square Quantitative Management LLC lifted its holdings in Casey's General Stores by 32.9% during the fourth quarter. V Square Quantitative Management LLC now owns 210 shares of the company's stock valued at $83,000 after purchasing an additional 52 shares in the last quarter. Hedge funds and other institutional investors own 85.63% of the company's stock.

Casey's General Stores Trading Up 1.6 %

Shares of NASDAQ:CASY traded up $7.19 during trading on Tuesday, reaching $458.89. The company's stock had a trading volume of 509,686 shares, compared to its average volume of 284,782. The stock has a market capitalization of $17.03 billion, a PE ratio of 31.98, a price-to-earnings-growth ratio of 2.40 and a beta of 0.74. Casey's General Stores, Inc. has a 12 month low of $309.51 and a 12 month high of $468.88. 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 firm's 50 day simple moving average is $421.79 and its two-hundred day simple moving average is $411.62.

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 for the quarter, beating the consensus estimate of $1.76 by $0.57. The firm had revenue of $3.90 billion for the quarter, compared to the consensus estimate of $3.74 billion. Casey's General Stores had a return on equity of 17.17% and a net margin of 3.57%. The company'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. On average, research analysts predict that Casey's General Stores, Inc. will post 13.94 EPS for the current fiscal year.

Casey's General Stores Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Thursday, May 1st will be paid a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 0.44%. The ex-dividend date of this dividend is Thursday, May 1st. Casey's General Stores's payout ratio is currently 13.94%.

Analyst Ratings Changes

A number of research analysts recently weighed in on the stock. KeyCorp assumed coverage on shares of Casey's General Stores in a research note on Friday, April 11th. They set an "overweight" rating and a $500.00 target price on the stock. Evercore ISI increased their target price on Casey's General Stores from $450.00 to $460.00 and gave the stock an "outperform" rating in a research report on Tuesday, April 1st. StockNews.com cut Casey's General Stores from a "buy" rating to a "hold" rating in a report on Saturday, March 8th. Gordon Haskett upgraded shares of Casey's General Stores from a "hold" rating to a "buy" rating in a research report on Thursday, February 13th. Finally, Stephens upgraded shares of Casey's General Stores to a "strong-buy" rating in a research report on Monday, April 7th. One analyst has rated the stock with a sell rating, three have issued a hold rating, eight have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $430.33.

Insider Buying and Selling at Casey's General Stores

In other Casey's General Stores news, Director Mike Spanos acquired 256 shares of the company's stock in a transaction that occurred on Thursday, March 13th. The stock was bought at an average price of $390.54 per share, for a total transaction of $99,978.24. Following the acquisition, the director now directly owns 3,356 shares in the company, valued at $1,310,652.24. The trade was a 8.26 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Katrina S. Lindsey sold 250 shares of the 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 completion of the sale, the insider now owns 2,443 shares in the company, valued at approximately $1,067,615.43. The trade was 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.