Nisa Investment Advisors LLC Buys 7,028 Shares of Casey’s General Stores, Inc. (NASDAQ:CASY)

Nisa Investment Advisors LLC increased its stake in Casey’s General Stores, Inc. (NASDAQ:CASY) by 78.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 15,960 shares of the company’s stock after purchasing an additional 7,028 shares during the period. Nisa Investment Advisors LLC’s holdings in Casey’s General Stores were worth $6,324,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Soros Capital Management LLC grew its holdings in shares of Casey’s General Stores by 1,825.6% during the third quarter. Soros Capital Management LLC now owns 27,632 shares of the company’s stock worth $10,382,000 after buying an additional 26,197 shares in the last quarter. PNC Financial Services Group Inc. boosted its position in Casey’s General Stores by 9.9% during the 3rd quarter. PNC Financial Services Group Inc. now owns 14,725 shares of the company’s stock worth $5,532,000 after acquiring an additional 1,332 shares during the last quarter. Lord Abbett & CO. LLC acquired a new stake in shares of Casey’s General Stores in the third quarter valued at approximately $23,294,000. JPMorgan Chase & Co. raised its holdings in shares of Casey’s General Stores by 18.7% in the third quarter. JPMorgan Chase & Co. now owns 758,804 shares of the company’s stock valued at $285,090,000 after purchasing an additional 119,350 shares during the last quarter. Finally, FMR LLC boosted its holdings in Casey’s General Stores by 3.8% during the third quarter. FMR LLC now owns 1,046,830 shares of the company’s stock worth $393,305,000 after purchasing an additional 38,226 shares during the last quarter. Institutional investors own 85.63% of the company’s stock.

Insiders Place Their Bets

In other Casey’s General Stores news, insider Katrina S. Lindsey sold 450 shares of the firm’s stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $427.13, for a total value of $192,208.50. Following the transaction, the insider now directly owns 2,247 shares of the company’s stock, valued at $959,761.11. This trade represents a 16.69 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Mike Spanos purchased 500 shares of the business’s stock in a transaction dated Monday, December 23rd. The shares were purchased 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 in the company, valued at $1,228,765.72. This trade represents a 19.25 % increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 0.56% of the company’s stock.

Casey’s General Stores Stock Up 0.8 %

CASY opened at $411.25 on Friday. The stock has a fifty day moving average of $407.89 and a 200-day moving average of $390.04. The company has a market capitalization of $15.27 billion, a P/E ratio of 28.66, a P/E/G ratio of 2.29 and a beta of 0.82. Casey’s General Stores, Inc. has a fifty-two week low of $268.07 and a fifty-two week high of $439.68. 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) last issued its quarterly earnings data on Monday, December 9th. The company reported $4.85 earnings per share for the quarter, topping the consensus estimate of $4.29 by $0.56. Casey’s General Stores had a net margin of 3.57% and a return on equity of 17.17%. The business had revenue of $3.95 billion during the quarter, compared to analysts’ expectations of $4.03 billion. During the same quarter in the previous year, the company earned $4.24 EPS. The business’s revenue was down 2.9% on a year-over-year basis. On average, equities 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 declared a quarterly dividend, which will be paid on Monday, February 17th. Investors of record on Monday, February 3rd will be given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 0.49%. The ex-dividend date of this dividend is Monday, February 3rd. Casey’s General Stores’s dividend payout ratio is currently 13.94%.

Analysts Set New Price Targets

CASY has been the topic of several recent research reports. Deutsche Bank Aktiengesellschaft lifted their price target on shares of 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 initiated coverage on Casey’s General Stores in a report on Monday, November 4th. They set a “hold” rating and a $400.00 target price on the stock. Evercore ISI raised their price target on Casey’s General Stores from $460.00 to $470.00 and gave the company an “outperform” rating in a research note on Friday, December 13th. StockNews.com cut Casey’s General Stores from a “strong-buy” rating to a “buy” rating in a research note on Friday, December 13th. Finally, BMO Capital Markets reissued a “market perform” rating and issued a $450.00 target price (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, three have assigned a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Casey’s General Stores presently has a consensus rating of “Moderate Buy” and an average target price of $424.00.

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.