Casey's General Stores, Inc. (NASDAQ:CASY) Holdings Boosted by Wellington Management Group LLP

Wellington Management Group LLP boosted its stake in Casey's General Stores, Inc. (NASDAQ:CASY - Free Report) by 160.1% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 428,201 shares of the company's stock after purchasing an additional 263,545 shares during the quarter. Wellington Management Group LLP owned about 1.15% of Casey's General Stores worth $169,666,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. YANKCOM Partnership purchased a new stake in shares of Casey's General Stores during the 4th quarter valued at $34,000. Endeavor Private Wealth Inc. acquired a new position in Casey's General Stores in the fourth quarter valued at $36,000. MassMutual Private Wealth & Trust FSB grew 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 acquiring an additional 29 shares during the period. Heck Capital Advisors LLC acquired a new stake in Casey's General Stores during the fourth quarter worth about $79,000. Finally, V Square Quantitative Management LLC raised its holdings in shares of Casey's General Stores by 32.9% in the 4th quarter. V Square Quantitative Management LLC now owns 210 shares of the company's stock worth $83,000 after purchasing an additional 52 shares during the period. Institutional investors and hedge funds own 85.63% of the company's stock.

Casey's General Stores Stock Up 0.5 %

Shares of NASDAQ:CASY traded up $2.19 during trading on Monday, hitting $418.01. The company's stock had a trading volume of 716,740 shares, compared to its average volume of 281,445. The company has a market capitalization of $15.52 billion, a PE ratio of 29.13, a PEG ratio of 2.40 and a beta of 0.74. Casey's General Stores, Inc. has a fifty-two week low of $306.45 and a fifty-two week high of $458.92. 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's 50-day moving average price is $416.69 and its two-hundred day moving average price is $405.62.

Remove Ads

Casey's General Stores (NASDAQ:CASY - Get Free Report) last announced its earnings results on Tuesday, March 11th. The company reported $2.33 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.76 by $0.57. Casey's General Stores had a return on equity of 17.17% and a net margin of 3.57%. The company had revenue of $3.90 billion for the quarter, compared to analyst estimates of $3.74 billion. During the same period in the prior year, the company posted $2.33 EPS. Casey's General Stores's quarterly revenue was up 17.2% on a year-over-year basis. As a group, sell-side analysts expect that Casey's General Stores, Inc. will post 13.94 EPS for the current year.

Casey's General Stores Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Thursday, May 1st will be issued 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 Thursday, May 1st. Casey's General Stores's dividend payout ratio is currently 13.94%.

Insider Transactions at Casey's General Stores

In other news, Director Mike Spanos purchased 256 shares of the company's stock in a transaction that occurred on Thursday, March 13th. The shares were acquired at an average cost of $390.54 per share, with a total value of $99,978.24. Following the transaction, the director now owns 3,356 shares in the company, valued at approximately $1,310,652.24. The trade was a 8.26 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Katrina S. Lindsey sold 250 shares of Casey's General Stores stock in a transaction on Friday, April 4th. The stock was sold at an average price of $437.01, for a total transaction of $109,252.50. Following the completion of the transaction, the insider now directly owns 2,443 shares of the company's stock, valued at approximately $1,067,615.43. This represents a 9.28 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.56% of the company's stock.

Analysts Set New Price Targets

A number of analysts recently issued reports on CASY shares. StockNews.com downgraded shares of Casey's General Stores from a "buy" rating to a "hold" rating in a research report on Saturday, March 8th. Gordon Haskett raised shares of Casey's General Stores from a "hold" rating to a "buy" rating in a research note on Thursday, February 13th. BMO Capital Markets restated a "market perform" rating and set a $450.00 target price (up previously from $400.00) on shares of Casey's General Stores in a report on Wednesday, December 18th. Royal Bank of Canada set a $438.00 price target on Casey's General Stores and gave the company a "sector perform" rating in a report on Wednesday, March 12th. Finally, Evercore ISI boosted their price objective on Casey's General Stores from $450.00 to $460.00 and gave the stock an "outperform" rating in a research note on Tuesday, April 1st. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and eight have given a buy rating to the company's stock. Based on data from MarketBeat, Casey's General Stores presently has a consensus rating of "Moderate Buy" and an average price target of $424.00.

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.