Harbour Investments Inc. Acquires 30 Shares of Casey’s General Stores, Inc. (NASDAQ:CASY)

Harbour Investments Inc. grew its holdings in shares of Casey’s General Stores, Inc. (NASDAQ:CASY) by 3.1% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 1,002 shares of the company’s stock after purchasing an additional 30 shares during the period. Harbour Investments Inc.’s holdings in Casey’s General Stores were worth $397,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the stock. YANKCOM Partnership purchased a new position in Casey’s General Stores during the fourth quarter valued at $34,000. Endeavor Private Wealth Inc. purchased a new position in shares of Casey’s General Stores in the 4th quarter worth about $36,000. MassMutual Private Wealth & Trust FSB raised its position in shares of 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 during the last quarter. Heck Capital Advisors LLC purchased a new stake in Casey’s General Stores during the 4th quarter valued at about $79,000. Finally, V Square Quantitative Management LLC increased its stake in Casey’s General Stores by 32.9% during the 4th quarter. V Square Quantitative Management LLC now owns 210 shares of the company’s stock valued at $83,000 after purchasing an additional 52 shares in the last quarter. 85.63% of the stock is owned by institutional investors.

Casey’s General Stores Trading Down 1.8 %

Shares of NASDAQ:CASY opened at $394.84 on Friday. The stock has a 50 day moving average of $409.84 and a 200 day moving average of $400.51. The company has a market cap of $14.66 billion, a PE ratio of 27.51, a price-to-earnings-growth ratio of 2.40 and a beta of 0.87. Casey’s General Stores, Inc. has a 12-month low of $306.45 and a 12-month high of $445.17. 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 (NASDAQ:CASY) last posted its quarterly earnings results on Tuesday, March 11th. The company reported $2.33 earnings per share for the quarter, topping analysts’ consensus estimates of $1.76 by $0.57. The business had revenue of $3.90 billion during the quarter, compared to analyst estimates 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 revenue was up 17.2% on a year-over-year basis. During the same period in the prior year, the business posted $2.33 earnings per share. As a group, equities research analysts expect that Casey’s General Stores, Inc. will post 13.94 EPS for the current year.

Casey’s General Stores Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Thursday, May 1st will be given a $0.50 dividend. The ex-dividend date is Thursday, May 1st. This represents a $2.00 annualized dividend and a dividend yield of 0.51%. Casey’s General Stores’s payout ratio is 13.94%.

Insider Transactions at Casey’s General Stores

In other Casey’s General Stores news, Director Mike Spanos purchased 256 shares of the stock in a transaction that occurred on Thursday, March 13th. The shares were bought at an average cost of $390.54 per share, with a total value of $99,978.24. Following the acquisition, the director now owns 3,356 shares in the company, valued at approximately $1,310,652.24. This trade represents a 8.26 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.56% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently issued reports on CASY shares. BMO Capital Markets reiterated a “market perform” rating and issued a $450.00 target price (up previously 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 company a “sector perform” rating in a research note on Wednesday, March 12th. Gordon Haskett raised Casey’s General Stores from a “hold” rating to a “buy” rating in a report on Thursday, February 13th. StockNews.com downgraded Casey’s General Stores from a “buy” rating to a “hold” rating in a report on Saturday, March 8th. Finally, Evercore ISI decreased their target price on Casey’s General Stores from $460.00 to $450.00 and set an “outperform” rating for the company in a research report on Tuesday, March 11th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, Casey’s General Stores presently has a consensus rating of “Moderate Buy” and a consensus price target 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.