New Age Alpha Advisors LLC Acquires Shares of 8,044 Casey's General Stores, Inc. (NASDAQ:CASY)

New Age Alpha Advisors LLC bought a new position in shares of Casey's General Stores, Inc. (NASDAQ:CASY - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 8,044 shares of the company's stock, valued at approximately $3,187,000.

Several other institutional investors also recently modified their holdings of CASY. YANKCOM Partnership bought a new position in Casey's General Stores during the 4th quarter worth approximately $34,000. Endeavor Private Wealth Inc. bought a new position in shares of Casey's General Stores during the fourth quarter worth $36,000. MassMutual Private Wealth & Trust FSB grew its holdings in shares of 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 valued at $59,000 after buying an additional 29 shares during the period. Heck Capital Advisors LLC bought a new stake in shares of Casey's General Stores in the 4th quarter valued at $79,000. Finally, V Square Quantitative Management LLC raised its stake in Casey's General Stores by 32.9% during the 4th quarter. V Square Quantitative Management LLC now owns 210 shares of the company's stock worth $83,000 after buying an additional 52 shares during the period. 85.63% of the stock is currently owned by institutional investors and hedge funds.

Casey's General Stores Stock Up 2.1 %

NASDAQ:CASY traded up $9.10 on Thursday, hitting $452.98. 128,894 shares of the company's stock were exchanged, compared to its average volume of 275,290. The company has a market cap of $16.81 billion, a P/E ratio of 31.57, a price-to-earnings-growth ratio of 2.40 and a beta of 0.87. The firm has a 50-day moving average price of $415.81 and a 200-day moving average price of $404.26. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.88 and a quick ratio of 0.49. Casey's General Stores, Inc. has a 52 week low of $306.45 and a 52 week high of $460.16.

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Casey's General Stores (NASDAQ:CASY - Get Free Report) last issued its quarterly earnings results on Tuesday, March 11th. The company reported $2.33 EPS for the quarter, beating the consensus estimate 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 business's quarterly revenue was up 17.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.33 earnings per share. As a group, analysts expect 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 announced a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Thursday, May 1st will be paid a $0.50 dividend. The ex-dividend date is Thursday, May 1st. This represents a $2.00 annualized dividend and a dividend yield of 0.44%. Casey's General Stores's dividend payout ratio is presently 13.94%.

Insider Buying and Selling

In other Casey's General Stores news, Director Mike Spanos purchased 256 shares of Casey's General Stores stock in a transaction that occurred on Thursday, March 13th. The stock was acquired at an average price of $390.54 per share, for a total transaction 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 position. The purchase was disclosed in a filing with the SEC, which is accessible through this link. 0.56% of the stock is owned by corporate insiders.

Analyst Ratings Changes

CASY has been the subject of a number of research analyst reports. StockNews.com cut Casey's General Stores from a "buy" rating to a "hold" rating in a research note on Saturday, March 8th. BMO Capital Markets reissued a "market perform" rating and set a $450.00 target price (up from $400.00) on shares of Casey's General Stores in a research note on Wednesday, December 18th. Evercore ISI lifted 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 research note on Tuesday. Royal Bank of Canada set a $438.00 price objective on shares of Casey's General Stores and gave the stock a "sector perform" rating in a research report on Wednesday, March 12th. Finally, Gordon Haskett raised shares of Casey's General Stores from a "hold" rating to a "buy" rating in a research report on Thursday, February 13th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and eight have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $424.00.

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.