Knights of Columbus Asset Advisors LLC Boosts Stock Position in Casey's General Stores, Inc. (NASDAQ:CASY)

Knights of Columbus Asset Advisors LLC grew its holdings in Casey's General Stores, Inc. (NASDAQ:CASY - Free Report) by 8.8% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 8,183 shares of the company's stock after purchasing an additional 664 shares during the period. Knights of Columbus Asset Advisors LLC's holdings in Casey's General Stores were worth $3,242,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. American Century Companies Inc. raised its stake in Casey's General Stores by 2.1% in the 4th quarter. American Century Companies Inc. now owns 140,113 shares of the company's stock valued at $55,517,000 after acquiring an additional 2,883 shares during the period. Virtu Financial LLC lifted its holdings in shares of Casey's General Stores by 381.4% during the 4th quarter. Virtu Financial LLC now owns 4,862 shares of the company's stock worth $1,926,000 after acquiring an additional 3,852 shares during the period. Independent Solutions Wealth Management LLC bought a new position in Casey's General Stores in the fourth quarter valued at approximately $1,997,000. Whittier Trust Co. of Nevada Inc. raised its stake in Casey's General Stores by 4.0% during the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 14,760 shares of the company's stock worth $5,848,000 after acquiring an additional 563 shares in the last quarter. Finally, Whittier Trust Co. increased its position in Casey's General Stores by 4.3% during the 4th quarter. Whittier Trust Co. now owns 27,751 shares of the company's stock worth $10,995,000 after purchasing an additional 1,153 shares in the last quarter. 85.63% of the stock is currently owned by institutional investors and hedge funds.

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Casey's General Stores Price Performance

NASDAQ CASY traded up $8.58 during trading hours on Wednesday, reaching $426.00. The company's stock had a trading volume of 698,189 shares, compared to its average volume of 269,025. 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's 50-day moving average price is $411.74 and its 200-day moving average price is $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 $15.81 billion, a price-to-earnings ratio of 29.69, a PEG ratio of 2.40 and a beta of 0.87.

Casey's General Stores (NASDAQ:CASY - Get Free Report) last announced its earnings results on Tuesday, March 11th. The company reported $2.33 EPS for the quarter, topping analysts' consensus estimates of $1.76 by $0.57. The firm had revenue of $3.90 billion during the quarter, compared to analysts' expectations 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 quarterly revenue was up 17.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.33 EPS. On average, equities 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 business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Thursday, May 1st will be paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.47%. The ex-dividend date of this dividend is Thursday, May 1st. Casey's General Stores's dividend payout ratio (DPR) is currently 13.94%.

Wall Street Analysts Forecast Growth

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

Insider Activity

In other news, Director Mike Spanos acquired 256 shares of the business's stock in a transaction dated 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 acquisition, the director now owns 3,356 shares of the company's stock, valued at approximately $1,310,652.24. This trade represents a 8.26 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 0.56% of the company's stock.

Casey's General Stores 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.