Casey's General Stores, Inc. (NASDAQ:CASY) Shares Acquired by Thompson Siegel & Walmsley LLC

Thompson Siegel & Walmsley LLC grew its stake in shares of Casey's General Stores, Inc. (NASDAQ:CASY - Free Report) by 205.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,807 shares of the company's stock after acquiring an additional 8,613 shares during the period. Thompson Siegel & Walmsley LLC's holdings in Casey's General Stores were worth $5,075,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Atria Investments Inc increased its holdings in shares of Casey's General Stores by 3.2% in the 3rd quarter. Atria Investments Inc now owns 3,198 shares of the company's stock valued at $1,201,000 after acquiring an additional 100 shares during the last quarter. Venturi Wealth Management LLC boosted its holdings in Casey's General Stores by 941.7% in the third quarter. Venturi Wealth Management LLC now owns 125 shares of the company's stock worth $47,000 after purchasing an additional 113 shares during the period. Entropy Technologies LP bought a new stake in Casey's General Stores during the third quarter valued at $251,000. Harbour Investments Inc. raised its holdings in shares of Casey's General Stores by 9.8% during the third quarter. Harbour Investments Inc. now owns 972 shares of the company's stock worth $365,000 after purchasing an additional 87 shares during the period. Finally, Victory Capital Management Inc. lifted its position in shares of Casey's General Stores by 1.4% in the 3rd quarter. Victory Capital Management Inc. now owns 127,262 shares of the company's stock worth $47,814,000 after buying an additional 1,701 shares during the last quarter. Institutional investors own 85.63% of the company's stock.

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Insider Buying and Selling at Casey's General Stores

In other Casey's General Stores news, Director Mike Spanos purchased 500 shares of the business's stock in a transaction on Monday, December 23rd. The stock was bought at an average cost of $396.76 per share, with a total value of $198,380.00. Following the acquisition, the director now owns 3,097 shares of the company's stock, 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 SEC, which is available through this hyperlink. 0.56% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on CASY. 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. Royal Bank of Canada set a $438.00 target price on Casey's General Stores and gave the company a "sector perform" rating in a report on Wednesday, March 12th. BMO Capital Markets reissued a "market perform" rating and issued a $450.00 price target (up previously from $400.00) on shares of Casey's General Stores in a report on Wednesday, December 18th. Evercore ISI lowered their price objective on Casey's General Stores from $460.00 to $450.00 and set an "outperform" rating for the company in a research note on Tuesday, March 11th. Finally, StockNews.com cut Casey's General Stores from a "buy" rating to a "hold" rating in a research note on Saturday, March 8th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $423.09.

Casey's General Stores Stock Performance

Shares of CASY traded down $12.79 during trading hours on Tuesday, reaching $386.89. 196,875 shares of the company's stock traded hands, compared to its average volume of 267,202. Casey's General Stores, Inc. has a twelve month low of $303.95 and a twelve month high of $445.17. The business's fifty day simple moving average is $409.58 and its two-hundred day simple moving average is $400.36. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.88 and a quick ratio of 0.49. The firm has a market capitalization of $14.36 billion, a price-to-earnings ratio of 26.96, a P/E/G ratio of 2.40 and a beta of 0.87.

Casey's General Stores (NASDAQ:CASY - Get Free Report) last released its 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 for the quarter, compared to analysts' expectations of $3.74 billion. Casey's General Stores had a net margin of 3.57% and a return on equity of 17.17%. Casey's General Stores's quarterly revenue was up 17.2% on a year-over-year basis. During the same quarter last year, the company earned $2.33 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 company also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Thursday, May 1st will be given a $0.50 dividend. The ex-dividend date is Thursday, May 1st. This represents a $2.00 dividend on an annualized basis and a yield of 0.52%. Casey's General Stores's dividend payout ratio (DPR) is 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.