Casey's General Stores, Inc. (NASDAQ:CASY) Shares Acquired by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC grew its stake in shares of Casey's General Stores, Inc. (NASDAQ:CASY - Free Report) by 78.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 15,960 shares of the company's stock after acquiring an additional 7,028 shares during the period. Nisa Investment Advisors LLC's holdings in Casey's General Stores were worth $6,324,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. Venturi Wealth Management LLC increased its holdings in Casey's General Stores by 941.7% during the 3rd quarter. Venturi Wealth Management LLC now owns 125 shares of the company's stock valued at $47,000 after acquiring an additional 113 shares in the last quarter. V Square Quantitative Management LLC increased its stake in shares of Casey's General Stores by 22.5% during the 3rd quarter. V Square Quantitative Management LLC now owns 158 shares of the company's stock worth $59,000 after purchasing an additional 29 shares in the last quarter. MassMutual Private Wealth & Trust FSB raised its position in shares of Casey's General Stores by 24.2% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 149 shares of the company's stock worth $59,000 after purchasing an additional 29 shares during the last quarter. Quarry LP purchased a new stake in Casey's General Stores in the 2nd quarter valued at approximately $72,000. Finally, Kennebec Savings Bank acquired a new stake in Casey's General Stores during the 3rd quarter valued at $76,000. Hedge funds and other institutional investors own 85.63% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on CASY shares. Gordon Haskett started coverage on Casey's General Stores in a report on Monday, November 4th. They issued a "hold" rating and a $400.00 price target for the company. BMO Capital Markets restated a "market perform" rating and issued a $450.00 target price (up from $400.00) on shares of Casey's General Stores in a report on Wednesday, December 18th. StockNews.com downgraded shares of Casey's General Stores from a "strong-buy" rating to a "buy" rating in a report on Friday, December 13th. Royal Bank of Canada upped their price objective on shares of Casey's General Stores from $403.00 to $428.00 and gave the company a "sector perform" rating in a research note on Tuesday, December 10th. Finally, Evercore ISI lifted their target price on shares of Casey's General Stores from $460.00 to $470.00 and gave the stock an "outperform" rating in a research note on Friday, December 13th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and eight have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $424.00.

Insider Activity at Casey's General Stores

In related news, Director Mike Spanos purchased 500 shares of the firm's stock in a transaction on Monday, December 23rd. The stock was purchased at an average price of $396.76 per share, for a total transaction of $198,380.00. Following the acquisition, the director now directly owns 3,097 shares in the company, valued at $1,228,765.72. The trade was a 19.25 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Katrina S. Lindsey sold 450 shares of Casey's General Stores stock in a transaction that occurred on Thursday, December 12th. The shares were sold at an average price of $427.13, for a total transaction of $192,208.50. Following the sale, the insider now owns 2,247 shares in the company, valued at $959,761.11. This represents a 16.69 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.56% of the company's stock.

Casey's General Stores Trading Up 0.8 %

CASY stock traded up $3.46 during trading on Friday, reaching $411.25. 251,115 shares of the stock traded hands, compared to its average volume of 184,229. The business's 50 day moving average price is $407.89 and its 200-day moving average price is $390.04. The firm has a market capitalization of $15.27 billion, a PE ratio of 28.66, a P/E/G ratio of 2.29 and a beta of 0.82. 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 $268.07 and a 52-week high of $439.68.

Casey's General Stores (NASDAQ:CASY - Get Free Report) last posted its earnings results on Monday, December 9th. The company reported $4.85 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $4.29 by $0.56. The firm had revenue of $3.95 billion during the quarter, compared to the consensus estimate of $4.03 billion. Casey's General Stores had a net margin of 3.57% and a return on equity of 17.17%. The company's revenue was down 2.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $4.24 EPS. As a group, sell-side analysts forecast that Casey's General Stores, Inc. will post 13.94 earnings per share for the current year.

Casey's General Stores Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, February 17th. Stockholders of record on Monday, February 3rd will be paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.49%. The ex-dividend date is Monday, February 3rd. Casey's General Stores's dividend payout ratio is presently 13.94%.

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.