Nordea Investment Management AB Has $7.01 Million Stock Holdings in Casey’s General Stores, Inc. (NASDAQ:CASY)

Nordea Investment Management AB grew its holdings in Casey’s General Stores, Inc. (NASDAQ:CASY) by 1.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 17,576 shares of the company’s stock after acquiring an additional 201 shares during the quarter. Nordea Investment Management AB’s holdings in Casey’s General Stores were worth $7,012,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the business. Venturi Wealth Management LLC raised its holdings in shares of Casey’s General Stores by 941.7% during the third quarter. Venturi Wealth Management LLC now owns 125 shares of the company’s stock worth $47,000 after acquiring an additional 113 shares during the period. V Square Quantitative Management LLC lifted its stake in Casey’s General Stores by 22.5% in the 3rd quarter. V Square Quantitative Management LLC now owns 158 shares of the company’s stock valued at $59,000 after acquiring an additional 29 shares in the last quarter. Ashton Thomas Private Wealth LLC bought a new position in shares of Casey’s General Stores during the 2nd quarter worth approximately $68,000. Quarry LP acquired a new stake in shares of Casey’s General Stores in the second quarter valued at approximately $72,000. Finally, Kennebec Savings Bank acquired a new position in Casey’s General Stores during the third quarter worth $76,000. Institutional investors own 85.63% of the company’s stock.

Casey’s General Stores Trading Up 0.4 %

Shares of CASY stock opened at $390.84 on Friday. The stock has a 50 day simple moving average of $409.67 and a 200 day simple moving average of $388.48. The stock has a market cap of $14.51 billion, a P/E ratio of 27.24 and a beta of 0.82. The company has a current ratio of 0.88, a quick ratio of 0.44 and a debt-to-equity ratio of 0.74. Casey’s General Stores, Inc. has a 1 year low of $268.07 and a 1 year high of $439.68.

Casey’s General Stores (NASDAQ:CASY) last issued its earnings results on Monday, December 9th. The company reported $4.85 EPS for the quarter, beating the consensus estimate of $4.29 by $0.56. The company had revenue of $3.95 billion during the quarter, compared to analysts’ expectations of $4.03 billion. Casey’s General Stores had a net margin of 3.57% and a return on equity of 17.17%. The business’s revenue for the quarter was down 2.9% compared to the same quarter last year. During the same period in the previous year, the company earned $4.24 EPS. On average, research analysts predict that Casey’s General Stores, Inc. will post 14.28 earnings per share for the current fiscal year.

Casey’s General Stores Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, February 17th. Stockholders of record on Monday, February 3rd will be issued a dividend of $0.50 per share. The ex-dividend date of this dividend is Monday, February 3rd. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.51%. Casey’s General Stores’s dividend payout ratio (DPR) 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 “strong-buy” rating to a “buy” rating in a report on Friday, December 13th. Royal Bank of Canada increased their price objective on Casey’s General Stores from $403.00 to $428.00 and gave the company a “sector perform” rating in a report on Tuesday, December 10th. Melius Research initiated coverage on shares of Casey’s General Stores in a report on Monday, September 23rd. They set a “buy” rating and a $435.00 target price on the stock. Gordon Haskett began coverage on shares of Casey’s General Stores in a research report on Monday, November 4th. They issued a “hold” rating and a $400.00 price objective for the company. Finally, Evercore ISI lifted their price target on Casey’s General Stores from $460.00 to $470.00 and gave the stock an “outperform” rating in a report on Friday, December 13th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat.com, Casey’s General Stores presently has an average rating of “Moderate Buy” and an average target price of $424.00.

Insider Buying and Selling

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

Casey’s General Stores 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.