Casey's General Stores, Inc. (NASDAQ:CASY) Shares Purchased by Whittier Trust Co.

Whittier Trust Co. boosted its stake in Casey's General Stores, Inc. (NASDAQ:CASY - Free Report) by 4.3% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 27,751 shares of the company's stock after buying an additional 1,153 shares during the quarter. Whittier Trust Co. owned approximately 0.07% of Casey's General Stores worth $10,995,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of CASY. YANKCOM Partnership acquired a new stake in shares of Casey's General Stores during the 4th quarter worth about $34,000. Endeavor Private Wealth Inc. acquired a new stake in Casey's General Stores during the fourth quarter worth approximately $36,000. 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 worth $59,000 after acquiring an additional 29 shares during the last quarter. Heck Capital Advisors LLC purchased a new stake in Casey's General Stores in the 4th quarter worth approximately $79,000. Finally, V Square Quantitative Management LLC raised its holdings in 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 valued at $83,000 after acquiring an additional 52 shares during the last quarter. Institutional investors and hedge funds own 85.63% of the company's stock.

Insider Activity at Casey's General Stores

In other news, Director Mike Spanos acquired 256 shares of the company's stock in a transaction that occurred on Thursday, March 13th. The shares were acquired at an average price of $390.54 per share, with a total value of $99,978.24. Following the acquisition, the director now directly owns 3,356 shares in the company, valued at approximately $1,310,652.24. The trade was a 8.26 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.56% of the company's stock.

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Casey's General Stores Stock Up 1.2 %

Shares of NASDAQ:CASY traded up $4.92 during trading on Tuesday, hitting $417.42. The company's stock had a trading volume of 345,212 shares, compared to its average volume of 268,781. The stock's 50-day moving average price is $410.60 and its two-hundred day moving average price is $401.67. Casey's General Stores, Inc. has a fifty-two week low of $306.45 and a fifty-two week high of $445.17. The company has a market capitalization of $15.49 billion, a PE ratio of 29.09, a PEG ratio of 2.40 and a beta of 0.87. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.49 and a current ratio of 0.88.

Casey's General Stores (NASDAQ:CASY - Get Free Report) last announced its quarterly earnings data on Tuesday, March 11th. The company reported $2.33 earnings per share for the quarter, beating analysts' consensus estimates of $1.76 by $0.57. Casey's General Stores had a net margin of 3.57% and a return on equity of 17.17%. The business had revenue of $3.90 billion during the quarter, compared to the consensus estimate of $3.74 billion. During the same quarter in the prior year, the firm earned $2.33 EPS. The company's revenue for the quarter was up 17.2% compared to the same quarter last year. 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 Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Thursday, May 1st will be issued a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 0.48%. The ex-dividend date is Thursday, May 1st. Casey's General Stores's dividend payout ratio (DPR) is 13.94%.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on CASY shares. StockNews.com lowered shares of Casey's General Stores from a "buy" rating to a "hold" rating in a report on Saturday, March 8th. Evercore ISI cut their price target on shares of Casey's General Stores from $460.00 to $450.00 and set an "outperform" rating on the stock in a research note on Tuesday, March 11th. BMO Capital Markets reissued a "market perform" rating and set a $450.00 price objective (up from $400.00) on shares of Casey's General Stores in a research note on Wednesday, December 18th. Royal Bank of Canada set a $438.00 target price on Casey's General Stores and gave the stock a "sector perform" rating in a research report on Wednesday, March 12th. Finally, Gordon Haskett raised Casey's General Stores from a "hold" rating to a "buy" rating in a research report on Thursday, February 13th. 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. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $423.09.

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.