Casey's General Stores, Inc. (NASDAQ:CASY) Shares Bought by Van ECK Associates Corp

Van ECK Associates Corp grew its holdings in Casey's General Stores, Inc. (NASDAQ:CASY - Free Report) by 39.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 29,554 shares of the company's stock after purchasing an additional 8,327 shares during the period. Van ECK Associates Corp owned about 0.08% of Casey's General Stores worth $11,710,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Private Trust Co. NA grew its position in shares of Casey's General Stores by 1.3% during the 3rd quarter. Private Trust Co. NA now owns 2,072 shares of the company's stock worth $778,000 after buying an additional 27 shares in the last quarter. V Square Quantitative Management LLC boosted its position in Casey's General Stores by 22.5% during 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 boosted its position in Casey's General Stores by 24.2% during 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 boosted its position in Casey's General Stores by 3.1% during 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 raised 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 buying an additional 34 shares during the last quarter. Hedge funds and other institutional investors own 85.63% of the company's stock.

Analysts Set New Price Targets

A number of research firms have commented on CASY. Deutsche Bank Aktiengesellschaft increased their price target on Casey's General Stores from $451.00 to $454.00 and gave the company a "buy" rating in a research note on Wednesday, November 6th. Gordon Haskett raised Casey's General Stores from a "hold" rating to a "buy" rating in a report on Thursday, February 13th. StockNews.com raised Casey's General Stores from a "hold" rating to a "buy" rating in a report on Tuesday. Royal Bank of Canada raised their price objective on Casey's General Stores from $403.00 to $428.00 and gave the company a "sector perform" rating in a report on Tuesday, December 10th. Finally, BMO Capital Markets reaffirmed a "market perform" rating and issued a $450.00 price target (up from $400.00) on shares of Casey's General Stores in a research note on Wednesday, December 18th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $424.00.

Casey's General Stores Trading Up 0.1 %

Shares of NASDAQ:CASY traded up $0.23 during midday trading on Wednesday, reaching $426.21. The company's stock had a trading volume of 237,766 shares, compared to its average volume of 263,984. The business has a 50 day moving average price of $410.65 and a 200 day moving average price of $396.07. Casey's General Stores, Inc. has a 1 year low of $286.46 and a 1 year high of $445.17. The company has a quick ratio of 0.49, a current ratio of 0.88 and a debt-to-equity ratio of 0.74. The firm has a market cap of $15.82 billion, a price-to-earnings ratio of 29.70, a price-to-earnings-growth ratio of 2.46 and a beta of 0.83.

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

Casey's General Stores Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, February 17th. Stockholders of record on Monday, February 3rd were issued a $0.50 dividend. The ex-dividend date was Monday, February 3rd. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.47%. Casey's General Stores's dividend payout ratio (DPR) is 13.94%.

Insider Buying and Selling

In other Casey's General Stores news, insider Katrina S. Lindsey sold 450 shares of the business's stock in a transaction 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 sale, the insider now owns 2,247 shares in the company, valued at $959,761.11. The trade was a 16.69 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Mike Spanos bought 500 shares of the stock in a transaction on Monday, December 23rd. The shares were acquired at an average price of $396.76 per share, with a total value of $198,380.00. Following the purchase, 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 disclosure for this purchase can be found here. 0.56% of the stock is currently owned by company insiders.

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.