Axiom Investors LLC DE Sells 21,851 Shares of Casey’s General Stores, Inc. (NASDAQ:CASY)

Axiom Investors LLC DE lessened its position in shares of Casey’s General Stores, Inc. (NASDAQ:CASY) by 37.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 36,208 shares of the company’s stock after selling 21,851 shares during the period. Axiom Investors LLC DE owned approximately 0.10% of Casey’s General Stores worth $14,347,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Citigroup Inc. boosted its stake in Casey’s General Stores by 1.9% in the 3rd quarter. Citigroup Inc. now owns 17,852 shares of the company’s stock valued at $6,707,000 after purchasing an additional 332 shares during the period. Bank of Montreal Can boosted its position in shares of Casey’s General Stores by 66.3% in the third quarter. Bank of Montreal Can now owns 39,381 shares of the company’s stock valued at $14,701,000 after acquiring an additional 15,696 shares during the period. FMR LLC grew its stake in shares of Casey’s General Stores by 3.8% in the third quarter. FMR LLC now owns 1,046,830 shares of the company’s stock valued at $393,305,000 after acquiring an additional 38,226 shares in the last quarter. BNP Paribas Financial Markets grew its stake in shares of Casey’s General Stores by 40.7% in the third quarter. BNP Paribas Financial Markets now owns 17,346 shares of the company’s stock valued at $6,517,000 after acquiring an additional 5,021 shares in the last quarter. Finally, CreativeOne Wealth LLC raised its stake in Casey’s General Stores by 76.7% in the 3rd quarter. CreativeOne Wealth LLC now owns 1,002 shares of the company’s stock worth $376,000 after purchasing an additional 435 shares in the last quarter. Institutional investors and hedge funds own 85.63% of the company’s stock.

Insiders Place Their Bets

In other Casey’s General Stores news, Director Mike Spanos acquired 256 shares of the company’s stock in a transaction that occurred on Thursday, March 13th. The shares were bought at an average price of $390.54 per share, with a total value of $99,978.24. Following the completion of the acquisition, the director now owns 3,356 shares in the company, valued at $1,310,652.24. This represents a 8.26 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.56% of the stock is currently owned by insiders.

Casey’s General Stores Stock Performance

Shares of NASDAQ:CASY opened at $432.00 on Monday. 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 market cap of $16.04 billion, a price-to-earnings ratio of 30.10, a price-to-earnings-growth ratio of 2.40 and a beta of 0.87. 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 company has a 50-day moving average price of $413.35 and a 200-day moving average price of $403.20.

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

Casey’s General Stores Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Thursday, May 1st will be issued a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 0.46%. The ex-dividend date of this dividend is Thursday, May 1st. Casey’s General Stores’s dividend payout ratio is currently 13.94%.

Analysts Set New Price Targets

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

About Casey’s General Stores

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.