International Assets Investment Management LLC Makes New Investment in Casey's General Stores, Inc. (NASDAQ:CASY)

International Assets Investment Management LLC bought a new position in Casey's General Stores, Inc. (NASDAQ:CASY - Free Report) in the 3rd quarter, according to its most recent filing with the SEC. The institutional investor bought 255,483 shares of the company's stock, valued at approximately $959,880,000. International Assets Investment Management LLC owned 0.69% of Casey's General Stores at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Park Place Capital Corp bought a new position in Casey's General Stores in the second quarter worth about $31,000. Advisors Asset Management Inc. purchased a new stake in Casey's General Stores during the first quarter valued at approximately $32,000. Innealta Capital LLC acquired a new stake in Casey's General Stores in the second quarter valued at approximately $32,000. Bank & Trust Co purchased a new position in Casey's General Stores in the second quarter worth $40,000. Finally, V Square Quantitative Management LLC grew its holdings in Casey's General Stores by 22.5% in the third quarter. V Square Quantitative Management LLC now owns 158 shares of the company's stock worth $59,000 after purchasing an additional 29 shares during the last quarter. Institutional investors own 85.63% of the company's stock.

Casey's General Stores Stock Performance

Shares of NASDAQ:CASY traded down $3.88 during midday trading on Thursday, reaching $386.62. The company's stock had a trading volume of 141,003 shares, compared to its average volume of 272,691. The company has a quick ratio of 0.44, a current ratio of 0.84 and a debt-to-equity ratio of 0.44. The stock has a fifty day moving average of $376.00 and a 200 day moving average of $359.12. Casey's General Stores, Inc. has a twelve month low of $265.65 and a twelve month high of $401.07. The firm has a market capitalization of $14.35 billion, a PE ratio of 29.08 and a beta of 0.80.

Casey's General Stores (NASDAQ:CASY - Get Free Report) last released its quarterly earnings data on Wednesday, September 4th. The company reported $4.83 earnings per share for the quarter, beating analysts' consensus estimates of $4.54 by $0.29. Casey's General Stores had a return on equity of 17.07% and a net margin of 3.40%. The business had revenue of $4.10 billion during the quarter, compared to analyst estimates of $4.15 billion. During the same quarter last year, the business posted $4.52 EPS. The company's revenue was up 5.9% on a year-over-year basis. On average, equities analysts expect that Casey's General Stores, Inc. will post 14.01 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 Friday, November 15th. Shareholders of record on Friday, November 1st will be given a $0.50 dividend. The ex-dividend date is Friday, November 1st. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.52%. Casey's General Stores's dividend payout ratio (DPR) is currently 14.89%.

Insider Activity at Casey's General Stores

In other Casey's General Stores news, insider Thomas P. Brennan, Jr. sold 3,000 shares of the stock in a transaction that occurred on Friday, September 6th. The stock was sold at an average price of $380.24, for a total transaction of $1,140,720.00. Following the transaction, the insider now owns 9,044 shares in the company, valued at approximately $3,438,890.56. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, insider Thomas P. Brennan, Jr. sold 3,000 shares of the business's stock in a transaction on Friday, September 6th. The shares were sold at an average price of $380.24, for a total value of $1,140,720.00. Following the completion of the sale, the insider now owns 9,044 shares of the company's stock, valued at approximately $3,438,890.56. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Mike Spanos acquired 267 shares of Casey's General Stores stock in a transaction on Wednesday, September 18th. The shares were bought at an average price of $376.18 per share, with a total value of $100,440.06. Following the completion of the transaction, the director now directly owns 2,594 shares of the company's stock, valued at $975,810.92. This trade represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. 0.47% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of research firms have recently weighed in on CASY. Wells Fargo & Company raised their price objective on Casey's General Stores from $415.00 to $425.00 and gave the stock an "overweight" rating in a research report on Friday, September 6th. Melius Research assumed coverage on Casey's General Stores in a research note on Monday, September 23rd. They set a "buy" rating and a $435.00 price target on the stock. Evercore ISI increased their price objective on shares of Casey's General Stores from $435.00 to $440.00 and gave the company an "outperform" rating in a research report on Wednesday, October 16th. Northcoast Research raised shares of Casey's General Stores from a "neutral" rating to a "buy" rating and set a $410.00 target price on the stock in a research report on Thursday, July 11th. Finally, StockNews.com lowered shares of Casey's General Stores from a "strong-buy" rating to a "buy" rating in a research note on Saturday, August 3rd. One research analyst has rated the stock with a sell rating, two have issued a hold rating and nine have given a buy rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $408.09.

Casey's General Stores Profile

Casey's General Stores, Inc, together with its subsidiaries, operates convenience stores under the Casey's and Casey's General Store names. Its stores offer pizza, donuts, breakfast items, and sandwiches; and tobacco and nicotine products. The company's stores provide soft drinks, energy, water, sports drinks, juices, coffee, and tea and dairy products; beer, wine, and spirits; snacks, candy, packaged bakery, and other food items; ice, ice cream, meals, and appetizers; health and beauty aids, automotive products, electronic accessories, housewares, and pet supplies; and ATM, lotto/lottery, and prepaid cards.