Casey’s General Stores, Inc. (NASDAQ:CASY) Shares Sold by State of New Jersey Common Pension Fund D

State of New Jersey Common Pension Fund D lessened its holdings in shares of Casey’s General Stores, Inc. (NASDAQ:CASY) by 0.4% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 13,606 shares of the company’s stock after selling 61 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in Casey’s General Stores were worth $5,391,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. YANKCOM Partnership acquired a new position in Casey’s General Stores during the 4th quarter worth $34,000. Endeavor Private Wealth Inc. acquired a new stake in shares of Casey’s General Stores in the fourth quarter valued at $36,000. Venturi Wealth Management LLC lifted 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 buying an additional 113 shares during the period. MassMutual Private Wealth & Trust FSB lifted 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 buying an additional 29 shares during the period. Finally, Heck Capital Advisors LLC acquired a new stake in shares of Casey’s General Stores in the fourth quarter valued at $79,000. Institutional investors and hedge funds own 85.63% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on CASY. BMO Capital Markets reaffirmed a “market perform” rating and set a $450.00 target price (up from $400.00) on shares of Casey’s General Stores in a research report on Wednesday, December 18th. Evercore ISI boosted their target price on Casey’s General Stores from $460.00 to $470.00 and gave the stock an “outperform” rating in a research report on Friday, December 13th. StockNews.com raised Casey’s General Stores from a “hold” rating to a “buy” rating in a research report on Tuesday. Deutsche Bank Aktiengesellschaft boosted their target price on Casey’s General Stores from $451.00 to $454.00 and gave the stock a “buy” rating in a research report on Wednesday, November 6th. Finally, Royal Bank of Canada upped their price target on Casey’s General Stores from $403.00 to $428.00 and gave the company a “sector perform” rating in a research report on Tuesday, December 10th. One equities research 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. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $424.00.

Insiders Place Their Bets

In related news, Director Mike Spanos purchased 500 shares of the firm’s stock in a transaction dated Monday, December 23rd. The stock was bought at an average price of $396.76 per share, for a total transaction of $198,380.00. Following the purchase, the director now owns 3,097 shares in the company, valued at $1,228,765.72. The trade was a 19.25 % increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Katrina S. Lindsey sold 450 shares of the company’s stock in a transaction dated Thursday, December 12th. The stock was sold at an average price of $427.13, for a total value of $192,208.50. Following the sale, the insider now owns 2,247 shares of the company’s stock, valued at approximately $959,761.11. This trade represents a 16.69 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.56% of the company’s stock.

Casey’s General Stores Stock Performance

Shares of CASY stock opened at $425.77 on Wednesday. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.88 and a quick ratio of 0.49. Casey’s General Stores, Inc. has a fifty-two week low of $286.46 and a fifty-two week high of $445.17. The stock’s 50-day moving average is $410.65 and its two-hundred day moving average is $396.07. The firm has a market cap of $15.80 billion, a P/E ratio of 29.67, a PEG ratio of 2.48 and a beta of 0.83.

Casey’s General Stores (NASDAQ:CASY) last issued its earnings results on Monday, December 9th. The company reported $4.85 earnings per share for the quarter, topping the consensus estimate of $4.29 by $0.56. Casey’s General Stores had a return on equity of 17.17% and a net margin of 3.57%. The company had revenue of $3.95 billion for the quarter, compared to analyst estimates of $4.03 billion. During the same period in the prior year, the firm posted $4.24 EPS. The business’s revenue was down 2.9% compared to the same quarter last year. Analysts predict that Casey’s General Stores, Inc. will post 13.94 earnings per share 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. Shareholders of record on Monday, February 3rd were given a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 0.47%. The ex-dividend date was Monday, February 3rd. Casey’s General Stores’s 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.