Signaturefd LLC Raises Position in Casey’s General Stores, Inc. (NASDAQ:CASY)

Signaturefd LLC boosted its stake in Casey’s General Stores, Inc. (NASDAQ:CASY) by 33.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 445 shares of the company’s stock after buying an additional 112 shares during the quarter. Signaturefd LLC’s holdings in Casey’s General Stores were worth $176,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. YANKCOM Partnership purchased a new position in Casey’s General Stores in the 4th quarter valued at about $34,000. Endeavor Private Wealth Inc. purchased a new position in Casey’s General Stores in the 4th quarter worth approximately $36,000. MassMutual Private Wealth & Trust FSB lifted its stake in Casey’s General Stores by 24.2% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 149 shares of the company’s stock worth $59,000 after purchasing an additional 29 shares in the last quarter. Heck Capital Advisors LLC purchased a new position in Casey’s General Stores in the 4th quarter worth approximately $79,000. Finally, V Square Quantitative Management LLC lifted its stake 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 worth $83,000 after purchasing an additional 52 shares in the last quarter. 85.63% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on CASY. 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. StockNews.com lowered shares of Casey’s General Stores from a “buy” rating to a “hold” rating in a research note on Saturday, March 8th. Royal Bank of Canada set a $438.00 price target on shares of Casey’s General Stores and gave the company a “sector perform” rating in a research report on Wednesday, March 12th. Evercore ISI reduced 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 report on Tuesday, March 11th. Finally, BMO Capital Markets reaffirmed a “market perform” rating and set a $450.00 price target (up previously from $400.00) on shares of Casey’s General Stores in a research report on Wednesday, December 18th. One 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 MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $423.09.

Insiders Place Their Bets

In other Casey’s General Stores news, Director Mike Spanos purchased 256 shares of the company’s stock in a transaction on Thursday, March 13th. The stock was acquired at an average price of $390.54 per share, for a total transaction of $99,978.24. Following the completion of the purchase, 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 position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.56% of the company’s stock.

Casey’s General Stores Stock Up 2.3 %

Casey’s General Stores stock opened at $404.00 on Friday. The firm has a 50 day moving average price of $410.20 and a 200 day moving average price of $401.12. The company has a market capitalization of $15.00 billion, a PE ratio of 28.15, a price-to-earnings-growth 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, Inc. has a fifty-two week low of $306.45 and a fifty-two week high of $445.17.

Casey’s General Stores (NASDAQ:CASY) last posted its quarterly earnings results on Tuesday, March 11th. The company reported $2.33 EPS for the quarter, topping the consensus estimate of $1.76 by $0.57. The business had revenue of $3.90 billion during the quarter, compared to the consensus estimate of $3.74 billion. Casey’s General Stores had a net margin of 3.57% and a return on equity of 17.17%. The company’s quarterly revenue was up 17.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.33 earnings per share. Research analysts expect that Casey’s General Stores, Inc. will post 13.94 earnings per share for the current year.

Casey’s General Stores Announces Dividend

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

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.