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

Pacer Advisors Inc. boosted its holdings in shares of Casey's General Stores, Inc. (NASDAQ:CASY - Free Report) by 31.6% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 7,185 shares of the company's stock after purchasing an additional 1,727 shares during the period. Pacer Advisors Inc.'s holdings in Casey's General Stores were worth $2,847,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of CASY. FMR LLC grew its holdings in shares of Casey's General Stores by 3.8% during the third quarter. FMR LLC now owns 1,046,830 shares of the company's stock worth $393,305,000 after buying an additional 38,226 shares during the last quarter. JPMorgan Chase & Co. grew its stake in shares of Casey's General Stores by 18.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 758,804 shares of the company's stock valued at $285,090,000 after purchasing an additional 119,350 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of Casey's General Stores by 1.3% in the third quarter. Geode Capital Management LLC now owns 655,488 shares of the company's stock valued at $246,335,000 after purchasing an additional 8,428 shares during the period. Franklin Resources Inc. raised its stake in shares of Casey's General Stores by 49.9% during the third quarter. Franklin Resources Inc. now owns 524,237 shares of the company's stock worth $204,861,000 after purchasing an additional 174,586 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its holdings in shares of Casey's General Stores by 0.3% during the third quarter. Charles Schwab Investment Management Inc. now owns 273,332 shares of the company's stock worth $102,694,000 after purchasing an additional 702 shares during the period. 85.63% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on CASY shares. Royal Bank of Canada boosted 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. BMO Capital Markets restated a "market perform" rating and issued a $450.00 price objective (up previously from $400.00) on shares of Casey's General Stores in a research report on Wednesday, December 18th. Deutsche Bank Aktiengesellschaft lifted their price objective on Casey's General Stores from $451.00 to $454.00 and gave the company a "buy" rating in a report on Wednesday, November 6th. StockNews.com downgraded Casey's General Stores from a "strong-buy" rating to a "buy" rating in a research note on Friday, December 13th. Finally, Evercore ISI lifted their price target on Casey's General Stores from $460.00 to $470.00 and gave the company 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 given a hold rating and eight have given a buy rating to the stock. According to MarketBeat, Casey's General Stores has a consensus rating of "Moderate Buy" and an average target price of $424.00.

Insider Transactions at Casey's General Stores

In other Casey's General Stores news, 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 value of $192,208.50. Following the completion of the sale, the insider now directly owns 2,247 shares of the company's stock, valued at approximately $959,761.11. The trade was a 16.69 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Mike Spanos purchased 500 shares of the business's stock in a transaction on Monday, December 23rd. The stock was acquired at an average price of $396.76 per share, with a total value of $198,380.00. Following the completion of 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 position. The disclosure for this purchase can be found here. Insiders own 0.56% of the company's stock.

Casey's General Stores Price Performance

Shares of NASDAQ:CASY traded up $1.41 during midday trading on Tuesday, hitting $420.99. 174,352 shares of the stock were exchanged, compared to its average volume of 249,851. The stock has a market cap of $15.63 billion, a P/E ratio of 29.34, a PEG ratio of 2.40 and a beta of 0.83. Casey's General Stores, Inc. has a twelve month low of $269.50 and a twelve month high of $439.68. The company has a 50 day moving average price of $408.16 and a 200-day moving average price of $392.50. 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 announced 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 company had revenue of $3.95 billion during the quarter, compared to analysts' expectations of $4.03 billion. Casey's General Stores had a net margin of 3.57% and a return on equity of 17.17%. The firm's quarterly revenue was down 2.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $4.24 earnings per share. On average, research 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 business also recently declared a quarterly dividend, which will be paid on Monday, February 17th. Shareholders of record on Monday, February 3rd will be given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 0.48%. The ex-dividend date of this dividend is Monday, February 3rd. Casey's General Stores's payout ratio is 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.