Susquehanna Fundamental Investments LLC Purchases 2,058 Shares of Casey’s General Stores, Inc. (NASDAQ:CASY)

Susquehanna Fundamental Investments LLC increased its position in Casey’s General Stores, Inc. (NASDAQ:CASY) by 82.6% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 4,551 shares of the company’s stock after acquiring an additional 2,058 shares during the period. Susquehanna Fundamental Investments LLC’s holdings in Casey’s General Stores were worth $1,736,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. Hsbc Holdings PLC boosted its position in Casey’s General Stores by 44.1% in the fourth quarter. Hsbc Holdings PLC now owns 7,247 shares of the company’s stock worth $1,996,000 after purchasing an additional 2,219 shares during the last quarter. Steward Partners Investment Advisory LLC boosted its holdings in shares of Casey’s General Stores by 195.8% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 3,488 shares of the company’s stock worth $958,000 after buying an additional 2,309 shares during the last quarter. Stifel Financial Corp grew its position in Casey’s General Stores by 12.8% during the fourth quarter. Stifel Financial Corp now owns 23,004 shares of the company’s stock valued at $6,330,000 after buying an additional 2,612 shares during the period. KBC Group NV bought a new stake in Casey’s General Stores during the fourth quarter valued at approximately $189,000. Finally, 1832 Asset Management L.P. increased its holdings in Casey’s General Stores by 0.3% during the fourth quarter. 1832 Asset Management L.P. now owns 55,776 shares of the company’s stock valued at $15,324,000 after buying an additional 175 shares during the last quarter. Hedge funds and other institutional investors own 85.63% of the company’s stock.

Wall Street Analysts Forecast Growth

CASY has been the subject of a number of recent research reports. Melius Research began coverage on shares of Casey’s General Stores in a research report on Monday, September 23rd. They set a “buy” rating and a $435.00 price objective for the company. Jefferies Financial Group boosted their price target on Casey’s General Stores from $342.00 to $445.00 and gave the company a “buy” rating in a report on Wednesday, June 12th. Royal Bank of Canada raised their price objective on Casey’s General Stores from $393.00 to $403.00 and gave the stock a “sector perform” rating in a research note on Thursday, September 5th. Wells Fargo & Company boosted their price objective on Casey’s General Stores from $415.00 to $425.00 and gave the company an “overweight” rating in a research note on Friday, September 6th. Finally, JPMorgan Chase & Co. cut shares of Casey’s General Stores from a “neutral” rating to an “underweight” rating and raised their target price for the stock from $300.00 to $337.00 in a research note on Thursday, September 19th. One analyst has rated the stock with a sell rating, two have given a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat, Casey’s General Stores currently has an average rating of “Moderate Buy” and a consensus target price of $407.64.

Insider Transactions at Casey’s General Stores

In other Casey’s General Stores news, Director Mike Spanos purchased 267 shares of Casey’s General Stores stock in a transaction that occurred on Wednesday, September 18th. The shares were bought at an average price of $376.18 per share, for a total transaction of $100,440.06. Following the completion of the transaction, the director now owns 2,594 shares of the company’s stock, valued at approximately $975,810.92. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Casey’s General Stores news, Director Mike Spanos purchased 267 shares of the stock in a transaction that occurred on Wednesday, September 18th. The stock was purchased at an average price of $376.18 per share, with a total value of $100,440.06. Following the acquisition, the director now owns 2,594 shares in the company, valued at $975,810.92. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Darren M. Rebelez sold 13,500 shares of the business’s stock in a transaction that occurred on Friday, September 6th. The stock was sold at an average price of $374.54, for a total value of $5,056,290.00. Following the sale, the chief executive officer now directly owns 73,838 shares in the company, valued at $27,655,284.52. The disclosure for this sale can be found here. Insiders own 0.47% of the company’s stock.

Casey’s General Stores Price Performance

CASY stock opened at $377.47 on Wednesday. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.44 and a current ratio of 0.84. The company’s fifty day moving average price is $373.72 and its 200-day moving average price is $351.71. Casey’s General Stores, Inc. has a one year low of $260.13 and a one year high of $401.07. The company has a market capitalization of $14.01 billion, a PE ratio of 28.11 and a beta of 0.80.

Casey’s General Stores (NASDAQ:CASY) last released its quarterly earnings data on Wednesday, September 4th. The company reported $4.83 EPS for the quarter, beating the consensus estimate of $4.54 by $0.29. The business had revenue of $4.10 billion during the quarter, compared to the consensus estimate of $4.15 billion. Casey’s General Stores had a net margin of 3.40% and a return on equity of 17.07%. The business’s revenue was up 5.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $4.52 EPS. On average, equities analysts anticipate that Casey’s General Stores, Inc. will post 14.01 EPS for the current fiscal year.

Casey’s General Stores Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Friday, November 1st will be paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 0.53%. The ex-dividend date is Friday, November 1st. Casey’s General Stores’s payout ratio is 14.89%.

Casey’s General Stores Company Profile

Casey's General Stores, Inc, together with its subsidiaries, operates convenience stores under the Casey's and Casey's General Store names. Its stores offer pizza, donuts, breakfast items, and sandwiches; and tobacco and nicotine products. The company's stores provide soft drinks, energy, water, sports drinks, juices, coffee, and tea and dairy products; beer, wine, and spirits; snacks, candy, packaged bakery, and other food items; ice, ice cream, meals, and appetizers; health and beauty aids, automotive products, electronic accessories, housewares, and pet supplies; and ATM, lotto/lottery, and prepaid cards.