1,001 Shares in Casey’s General Stores, Inc. $CASY Bought by Certuity LLC

Certuity LLC bought a new position in Casey’s General Stores, Inc. (NASDAQ:CASY) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 1,001 shares of the company’s stock, valued at approximately $553,000.

A number of other hedge funds have also modified their holdings of the stock. LifeWealth Investments LLC grew its holdings in shares of Casey’s General Stores by 2.1% in the 3rd quarter. LifeWealth Investments LLC now owns 858 shares of the company’s stock worth $485,000 after acquiring an additional 18 shares during the last quarter. Central Pacific Bank Trust Division grew its holdings in shares of Casey’s General Stores by 52.8% in the 4th quarter. Central Pacific Bank Trust Division now owns 55 shares of the company’s stock worth $30,000 after acquiring an additional 19 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Casey’s General Stores by 9.1% in the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 227 shares of the company’s stock worth $128,000 after acquiring an additional 19 shares during the last quarter. ORG Partners LLC grew its holdings in shares of Casey’s General Stores by 47.6% in the 4th quarter. ORG Partners LLC now owns 62 shares of the company’s stock worth $34,000 after acquiring an additional 20 shares during the last quarter. Finally, Scotia Capital Inc. increased its position in shares of Casey’s General Stores by 2.9% in the third quarter. Scotia Capital Inc. now owns 720 shares of the company’s stock worth $407,000 after acquiring an additional 20 shares in the last quarter. 85.63% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Casey’s General Stores news, Director Mike Spanos acquired 300 shares of the business’s stock in a transaction that occurred on Friday, March 13th. The stock was acquired at an average price of $665.43 per share, with a total value of $199,629.00. Following the transaction, the director owned 4,499 shares of the company’s stock, valued at approximately $2,993,769.57. This trade represents a 7.14% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Katrina S. Lindsey sold 200 shares of the business’s stock in a transaction dated Wednesday, March 11th. The stock was sold at an average price of $683.04, for a total value of $136,608.00. Following the transaction, the insider directly owned 4,039 shares of the company’s stock, valued at $2,758,798.56. This represents a 4.72% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.54% of the stock is currently owned by insiders.

Casey’s General Stores Stock Down 2.5%

Shares of CASY stock opened at $784.61 on Wednesday. The stock’s 50 day simple moving average is $712.57 and its 200 day simple moving average is $624.50. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.64 and a current ratio of 1.04. Casey’s General Stores, Inc. has a twelve month low of $430.00 and a twelve month high of $806.49. The company has a market capitalization of $29.00 billion, a price-to-earnings ratio of 45.04, a PEG ratio of 2.62 and a beta of 0.61.

Casey’s General Stores (NASDAQ:CASY) last posted its earnings results on Monday, March 9th. The company reported $3.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.94 by $0.55. Casey’s General Stores had a net margin of 3.83% and a return on equity of 17.56%. The business had revenue of $3.92 billion for the quarter, compared to analyst estimates of $4.08 billion. During the same period last year, the business posted $2.33 EPS. Casey’s General Stores’s revenue was up .3% compared to the same quarter last year. As a group, research analysts predict that Casey’s General Stores, Inc. will post 18.1 EPS for the current year.

Casey’s General Stores Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 15th. Investors of record on Friday, May 1st will be given a dividend of $0.57 per share. This represents a $2.28 annualized dividend and a dividend yield of 0.3%. The ex-dividend date of this dividend is Friday, May 1st. Casey’s General Stores’s payout ratio is currently 13.09%.

Analysts Set New Price Targets

Several equities research analysts recently commented on CASY shares. Wall Street Zen downgraded shares of Casey’s General Stores from a “buy” rating to a “hold” rating in a research report on Saturday, March 21st. Deutsche Bank Aktiengesellschaft set a $688.00 price objective on shares of Casey’s General Stores in a research report on Thursday, January 8th. Stephens reiterated an “overweight” rating and set a $680.00 price objective on shares of Casey’s General Stores in a research report on Tuesday, March 10th. Bank of America initiated coverage on shares of Casey’s General Stores in a research report on Friday, January 9th. They set a “buy” rating on the stock. Finally, UBS Group raised their target price on Casey’s General Stores from $600.00 to $706.00 and gave the stock a “neutral” rating in a research report on Wednesday, March 11th. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $725.09.

About Casey’s General Stores

Casey’s General Stores, Inc (NASDAQ: CASY) is a U.S.-based convenience store chain that operates retail fuel stations and food-focused convenience outlets. Founded in 1959 in Boone, Iowa, the company has grown from a single neighborhood store into a regional operator known for combining traditional convenience retailing—fuel, packaged goods and tobacco—with a larger emphasis on fresh and prepared foods.

The company’s stores typically offer gasoline and diesel alongside a range of grocery essentials, grab-and-go items and made-to-order foodservice.