Rhumbline Advisers Boosts Holdings in Casey's General Stores, Inc. (NASDAQ:CASY)

Rhumbline Advisers raised its stake in Casey's General Stores, Inc. (NASDAQ:CASY - Free Report) by 1.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 113,129 shares of the company's stock after purchasing an additional 1,964 shares during the period. Rhumbline Advisers owned 0.30% of Casey's General Stores worth $44,825,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Private Trust Co. NA increased its stake in Casey's General Stores by 1.3% in the third quarter. Private Trust Co. NA now owns 2,072 shares of the company's stock valued at $778,000 after purchasing an additional 27 shares in the last quarter. V Square Quantitative Management LLC increased its stake 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 valued at $59,000 after purchasing an additional 29 shares in the last quarter. MassMutual Private Wealth & Trust FSB increased its stake in Casey's General Stores by 24.2% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 149 shares of the company's stock valued at $59,000 after purchasing an additional 29 shares in the last quarter. Verus Capital Partners LLC increased its stake in Casey's General Stores by 3.1% in the third quarter. Verus Capital Partners LLC now owns 991 shares of the company's stock valued at $372,000 after purchasing an additional 30 shares in the last quarter. Finally, CIBC Asset Management Inc increased its stake in Casey's General Stores by 3.3% in the third quarter. CIBC Asset Management Inc now owns 1,078 shares of the company's stock valued at $405,000 after purchasing an additional 34 shares in the last quarter. 85.63% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research firms have recently commented on CASY. StockNews.com raised shares of Casey's General Stores from a "hold" rating to a "buy" rating in a research report on Tuesday. Deutsche Bank Aktiengesellschaft upped their target price on shares of Casey's General Stores from $451.00 to $454.00 and gave the stock a "buy" rating in a report on Wednesday, November 6th. Gordon Haskett upgraded shares of Casey's General Stores from a "hold" rating to a "buy" rating in a report on Thursday, February 13th. Evercore ISI upped 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 report on Friday, December 13th. Finally, BMO Capital Markets restated a "market perform" rating and issued a $450.00 target price (up previously from $400.00) on shares of Casey's General Stores in a report on Wednesday, December 18th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $424.00.

Insider Activity

In other news, insider Katrina S. Lindsey sold 450 shares of the 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 completion of the transaction, the insider now directly owns 2,247 shares of the company's stock, valued at $959,761.11. This represents a 16.69 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Mike Spanos bought 500 shares of Casey's General Stores stock in a transaction dated Monday, December 23rd. The shares were bought at an average cost of $396.76 per share, with a total value of $198,380.00. Following the completion of the transaction, the director now directly owns 3,097 shares in the company, valued at approximately $1,228,765.72. This trade represents a 19.25 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 0.56% of the company's stock.

Casey's General Stores Stock Down 3.6 %

NASDAQ:CASY traded down $14.95 on Friday, hitting $405.59. The stock had a trading volume of 481,918 shares, compared to its average volume of 270,847. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.49 and a current ratio of 0.88. The stock has a market cap of $15.05 billion, a P/E ratio of 28.26, a price-to-earnings-growth ratio of 2.43 and a beta of 0.83. Casey's General Stores, Inc. has a 1 year low of $288.11 and a 1 year high of $445.17. The firm's fifty day simple moving average is $410.12 and its two-hundred day simple moving average is $396.69.

Casey's General Stores (NASDAQ:CASY - Get Free Report) last posted its quarterly earnings data on Monday, December 9th. The company reported $4.85 EPS for the quarter, beating the consensus estimate of $4.29 by $0.56. The firm had revenue of $3.95 billion during the quarter, compared to analyst estimates 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 for the quarter was down 2.9% on a year-over-year basis. During the same quarter last year, the business posted $4.24 EPS. Analysts predict that Casey's General Stores, Inc. will post 13.94 earnings per share for the current year.

Casey's General Stores Dividend Announcement

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

About Casey's General Stores

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.