V Square Quantitative Management LLC Buys 52 Shares of Casey’s General Stores, Inc. (NASDAQ:CASY)

V Square Quantitative Management LLC lifted its stake in Casey’s General Stores, Inc. (NASDAQ:CASY) by 32.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 210 shares of the company’s stock after buying an additional 52 shares during the period. V Square Quantitative Management LLC’s holdings in Casey’s General Stores were worth $83,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in CASY. YANKCOM Partnership acquired a new stake in shares of Casey’s General Stores during the fourth quarter worth approximately $34,000. Endeavor Private Wealth Inc. acquired a new stake in shares of Casey’s General Stores in the fourth quarter valued at approximately $36,000. Venturi Wealth Management LLC increased its holdings in shares of Casey’s General Stores by 941.7% in the third quarter. Venturi Wealth Management LLC now owns 125 shares of the company’s stock valued at $47,000 after purchasing an additional 113 shares in the last quarter. MassMutual Private Wealth & Trust FSB increased its holdings in shares of Casey’s General Stores by 24.2% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 149 shares of the company’s stock valued at $59,000 after purchasing an additional 29 shares in the last quarter. Finally, Heck Capital Advisors LLC acquired a new stake in shares of Casey’s General Stores in the fourth quarter valued at approximately $79,000. Institutional investors own 85.63% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on CASY shares. BMO Capital Markets reaffirmed a “market perform” rating and issued a $450.00 price objective (up from $400.00) on shares of Casey’s General Stores in a research note on Wednesday, December 18th. Deutsche Bank Aktiengesellschaft raised their price objective 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. Royal Bank of Canada raised their price objective on shares of Casey’s General Stores from $403.00 to $428.00 and gave the company a “sector perform” rating in a research note on Tuesday, December 10th. Evercore ISI raised their price objective on shares of 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. Finally, Gordon Haskett raised shares of Casey’s General Stores from a “hold” rating to a “buy” rating in a research report on Thursday, February 13th. 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 stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $424.00.

Casey’s General Stores Stock Down 2.3 %

Shares of CASY stock opened at $432.17 on Tuesday. The company has a current ratio of 0.88, a quick ratio of 0.49 and a debt-to-equity ratio of 0.74. Casey’s General Stores, Inc. has a 1 year low of $284.57 and a 1 year high of $445.17. The firm’s fifty day moving average price is $410.47 and its two-hundred day moving average price is $395.69. The firm has a market capitalization of $16.04 billion, a P/E ratio of 30.12, a PEG ratio of 2.48 and a beta of 0.83.

Casey’s General Stores (NASDAQ:CASY) last issued its quarterly earnings results on Monday, December 9th. The company reported $4.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.29 by $0.56. The firm had revenue of $3.95 billion for the quarter, compared to analyst estimates of $4.03 billion. Casey’s General Stores had a net margin of 3.57% and a return on equity of 17.17%. The company’s revenue was down 2.9% compared to the same quarter last year. During the same period in the previous year, the business earned $4.24 EPS. On average, equities analysts predict that Casey’s General Stores, Inc. will post 13.94 EPS for the current fiscal year.

Casey’s General Stores Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, February 17th. Stockholders of record on Monday, February 3rd were issued a $0.50 dividend. The ex-dividend date was Monday, February 3rd. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.46%. Casey’s General Stores’s payout ratio is 13.94%.

Insider Activity

In other news, Director Mike Spanos bought 500 shares of the company’s stock in a transaction dated Monday, December 23rd. The shares were bought 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Katrina S. Lindsey sold 450 shares of the stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $427.13, for a total transaction of $192,208.50. Following the completion of the transaction, the insider now directly owns 2,247 shares in the company, valued at approximately $959,761.11. This represents a 16.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.56% of the stock is owned by insiders.

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.