Cerity Partners LLC Makes New $241,000 Investment in Casey’s General Stores, Inc. (NASDAQ:CASY)

Cerity Partners LLC bought a new position in Casey’s General Stores, Inc. (NASDAQ:CASY) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 877 shares of the company’s stock, valued at approximately $241,000.

A number of other large investors have also added to or reduced their stakes in CASY. SG Americas Securities LLC raised its holdings in Casey’s General Stores by 68.6% in the third quarter. SG Americas Securities LLC now owns 1,135 shares of the company’s stock worth $308,000 after purchasing an additional 462 shares in the last quarter. Copeland Capital Management LLC increased its holdings in shares of Casey’s General Stores by 0.6% during the third quarter. Copeland Capital Management LLC now owns 339,196 shares of the company’s stock valued at $92,098,000 after acquiring an additional 1,889 shares in the last quarter. Commonwealth Equity Services LLC increased its holdings in shares of Casey’s General Stores by 7.6% during the third quarter. Commonwealth Equity Services LLC now owns 16,639 shares of the company’s stock valued at $4,518,000 after acquiring an additional 1,174 shares in the last quarter. Cambridge Investment Research Advisors Inc. increased its holdings in shares of Casey’s General Stores by 1.9% during the third quarter. Cambridge Investment Research Advisors Inc. now owns 27,930 shares of the company’s stock valued at $7,583,000 after acquiring an additional 528 shares in the last quarter. Finally, Robbins Farley acquired a new position in shares of Casey’s General Stores during the third quarter valued at about $2,826,000. 85.63% of the stock is currently owned by institutional investors.

Casey’s General Stores Trading Up 0.7 %

Casey’s General Stores stock opened at $320.03 on Monday. The company has a current ratio of 0.89, a quick ratio of 0.42 and a debt-to-equity ratio of 0.54. Casey’s General Stores, Inc. has a 12 month low of $212.50 and a 12 month high of $324.40. The stock’s 50 day simple moving average is $307.99 and its two-hundred day simple moving average is $287.79. The firm has a market cap of $11.85 billion, a PE ratio of 25.44, a P/E/G ratio of 2.56 and a beta of 0.83.

Casey’s General Stores (NASDAQ:CASY) last released its quarterly earnings data on Tuesday, March 12th. The company reported $2.33 EPS for the quarter, topping the consensus estimate of $2.20 by $0.13. Casey’s General Stores had a return on equity of 16.70% and a net margin of 3.23%. The business had revenue of $3.33 billion for the quarter, compared to analyst estimates of $3.51 billion. During the same quarter in the prior year, the firm posted $2.36 EPS. The business’s quarterly revenue was down .1% compared to the same quarter last year. Analysts anticipate that Casey’s General Stores, Inc. will post 12.81 earnings per share for the current year.

Casey’s General Stores Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Wednesday, May 1st will be given a $0.43 dividend. The ex-dividend date of this dividend is Tuesday, April 30th. This represents a $1.72 annualized dividend and a yield of 0.54%. Casey’s General Stores’s dividend payout ratio is presently 13.67%.

Analyst Ratings Changes

Several research firms have recently issued reports on CASY. Wells Fargo & Company upped their price objective on shares of Casey’s General Stores from $305.00 to $340.00 and gave the company an “overweight” rating in a report on Tuesday, March 5th. Benchmark restated a “buy” rating and set a $312.00 price objective on shares of Casey’s General Stores in a report on Wednesday, March 6th. BMO Capital Markets upped their price objective on shares of Casey’s General Stores from $290.00 to $305.00 and gave the company a “market perform” rating in a report on Wednesday, March 13th. StockNews.com lowered Casey’s General Stores from a “strong-buy” rating to a “buy” rating in a research report on Thursday, March 21st. Finally, Evercore ISI dropped their target price on Casey’s General Stores from $350.00 to $345.00 and set an “outperform” rating on the stock in a research report on Tuesday, April 16th. Two research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $312.63.

Casey’s General Stores Company Profile

Casey's General Stores, Inc, together with its subsidiaries, operates convenience stores under the Casey's and Casey's General Store names. Its stores offer pizza, donuts, breakfast items, and sandwiches; and tobacco and nicotine products. The company's stores provide soft drinks, energy, water, sports drinks, juices, coffee, and tea and dairy products; beer, wine, and spirits; snacks, candy, packaged bakery, and other food items; ice, ice cream, meals, and appetizers; health and beauty aids, automotive products, electronic accessories, housewares, and pet supplies; and ATM, lotto/lottery, and prepaid cards.