MetLife Investment Management LLC boosted its holdings in Casey's General Stores, Inc. (NASDAQ:CASY - Free Report) by 8.9% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 21,205 shares of the company's stock after buying an additional 1,734 shares during the period. MetLife Investment Management LLC owned approximately 0.06% of Casey's General Stores worth $8,402,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of CASY. Natixis raised its stake in shares of Casey's General Stores by 21.9% in the 4th quarter. Natixis now owns 8,337 shares of the company's stock valued at $3,303,000 after acquiring an additional 1,499 shares during the period. Sanctuary Advisors LLC increased its holdings in Casey's General Stores by 55.6% in the 4th quarter. Sanctuary Advisors LLC now owns 8,579 shares of the company's stock valued at $3,629,000 after purchasing an additional 3,065 shares in the last quarter. Scholtz & Company LLC purchased a new position in Casey's General Stores in the fourth quarter valued at about $2,375,000. JLB & Associates Inc. lifted its stake in shares of Casey's General Stores by 1.8% during the fourth quarter. JLB & Associates Inc. now owns 43,029 shares of the company's stock worth $17,049,000 after purchasing an additional 749 shares in the last quarter. Finally, Segall Bryant & Hamill LLC boosted its position in shares of Casey's General Stores by 9.1% in the fourth quarter. Segall Bryant & Hamill LLC now owns 53,330 shares of the company's stock worth $21,131,000 after buying an additional 4,458 shares during the period. 85.63% of the stock is owned by institutional investors and hedge funds.
Analysts Set New Price Targets
Several equities research analysts recently commented on the company. KeyCorp started coverage on Casey's General Stores in a report on Friday, April 11th. They set an "overweight" rating and a $500.00 target price on the stock. Royal Bank of Canada set a $438.00 target price on shares of Casey's General Stores and gave the stock a "sector perform" rating in a research report on Wednesday, March 12th. Evercore ISI raised their price target on shares of Casey's General Stores from $450.00 to $460.00 and gave the company an "outperform" rating in a report on Tuesday, April 1st. Stephens upgraded shares of Casey's General Stores to a "strong-buy" rating in a report on Monday, April 7th. Finally, StockNews.com downgraded Casey's General Stores from a "buy" rating to a "hold" rating in a research note 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 given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $430.33.
Read Our Latest Research Report on Casey's General Stores
Casey's General Stores Stock Up 0.0 %
Casey's General Stores stock traded up $0.05 during midday trading on Friday, hitting $447.34. The stock had a trading volume of 419,471 shares, compared to its average volume of 286,147. The business has a fifty day moving average price of $423.31 and a 200 day moving average price of $413.23. Casey's General Stores, Inc. has a 12 month low of $313.67 and a 12 month high of $468.88. The stock has a market cap of $16.60 billion, a P/E ratio of 31.17, a P/E/G ratio of 2.40 and a beta of 0.74. The company has a current ratio of 0.88, a quick ratio of 0.49 and a debt-to-equity ratio of 0.74.
Casey's General Stores (NASDAQ:CASY - Get Free Report) last issued its quarterly earnings results on Tuesday, March 11th. The company reported $2.33 earnings per share for the quarter, beating analysts' consensus estimates of $1.76 by $0.57. The business had revenue of $3.90 billion during 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 business's quarterly revenue was up 17.2% on a year-over-year basis. During the same period in the previous year, the business earned $2.33 EPS. Research analysts predict that Casey's General Stores, Inc. will post 13.94 EPS for the current year.
Casey's General Stores Announces Dividend
The firm 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. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.45%. The ex-dividend date is Thursday, May 1st. Casey's General Stores's dividend payout ratio is presently 13.94%.
Insider Buying and Selling
In other news, Director Mike Spanos acquired 256 shares of the company's stock in a transaction that occurred on 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 directly owns 3,356 shares in the company, valued at approximately $1,310,652.24. The trade was a 8.26 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Katrina S. Lindsey sold 250 shares of Casey's General Stores stock in a transaction dated Friday, April 4th. The shares were sold at an average price of $437.01, for a total transaction 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. This represents a 9.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.56% of the stock is owned by company insiders.
About Casey's General Stores
(
Free Report)
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.
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