Signaturefd LLC Acquires 112 Shares of Casey’s General Stores, Inc. (NASDAQ:CASY)

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

A number of other institutional investors and hedge funds have also modified their holdings of CASY. YANKCOM Partnership bought a new stake in shares of Casey’s General Stores in the fourth quarter worth $34,000. Endeavor Private Wealth Inc. purchased a new position in Casey’s General Stores during the fourth quarter valued at $36,000. MassMutual Private Wealth & Trust FSB lifted its position 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 acquiring an additional 29 shares in the last quarter. Heck Capital Advisors LLC purchased a new position in shares of Casey’s General Stores in the fourth quarter valued at about $79,000. Finally, V Square Quantitative Management LLC lifted its position in shares of Casey’s General Stores by 32.9% in the fourth quarter. V Square Quantitative Management LLC now owns 210 shares of the company’s stock valued at $83,000 after acquiring an additional 52 shares in the last quarter. Institutional investors own 85.63% of the company’s stock.

Wall Street Analysts Forecast Growth

CASY has been the topic of several research analyst reports. StockNews.com downgraded Casey’s General Stores from a “buy” rating to a “hold” rating in a research report on Saturday, March 8th. Royal Bank of Canada set a $438.00 price objective on Casey’s General Stores and gave the stock a “sector perform” rating in a research note on Wednesday, March 12th. BMO Capital Markets reaffirmed a “market perform” rating and set 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. Evercore ISI cut their target price on Casey’s General Stores from $460.00 to $450.00 and set an “outperform” rating on the stock in a research note on Tuesday, March 11th. Finally, Gordon Haskett upgraded Casey’s General Stores from a “hold” rating to a “buy” rating in a report on Thursday, February 13th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $423.09.

Insiders Place Their Bets

In other Casey’s General Stores news, Director Mike Spanos bought 256 shares of the company’s stock in a transaction dated Thursday, March 13th. The shares were purchased at an average cost of $390.54 per share, for a total transaction of $99,978.24. Following the transaction, the director now directly owns 3,356 shares of the company’s stock, valued at approximately $1,310,652.24. The trade was a 8.26 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.56% of the stock is owned by insiders.

Casey’s General Stores Stock Performance

Shares of CASY opened at $404.00 on Friday. Casey’s General Stores, Inc. has a 12 month low of $306.45 and a 12 month high of $445.17. The stock has a fifty day moving average price of $410.20 and a 200-day moving average price of $401.12. The company has a current ratio of 0.88, a quick ratio of 0.49 and a debt-to-equity ratio of 0.74. The firm has a market cap of $15.00 billion, a PE ratio of 28.15, a P/E/G ratio of 2.40 and a beta of 0.87.

Casey’s General Stores (NASDAQ:CASY) last released its earnings results on Tuesday, March 11th. The company reported $2.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.76 by $0.57. Casey’s General Stores had a return on equity of 17.17% and a net margin of 3.57%. The firm had revenue of $3.90 billion for the quarter, compared to the consensus estimate of $3.74 billion. During the same period in the prior year, the firm earned $2.33 EPS. The firm’s revenue was up 17.2% on a year-over-year basis. Equities research analysts predict that Casey’s General Stores, Inc. will post 13.94 earnings per share for the current fiscal year.

Casey’s General Stores Announces Dividend

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

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.