Illinois Municipal Retirement Fund Lowers Stock Position in Casey’s General Stores, Inc. (NASDAQ:CASY)

Illinois Municipal Retirement Fund trimmed its holdings in Casey’s General Stores, Inc. (NASDAQ:CASY) by 10.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 14,973 shares of the company’s stock after selling 1,772 shares during the quarter. Illinois Municipal Retirement Fund’s holdings in Casey’s General Stores were worth $5,933,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of CASY. Allspring Global Investments Holdings LLC increased its stake in Casey’s General Stores by 400.8% in the third quarter. Allspring Global Investments Holdings LLC now owns 616 shares of the company’s stock valued at $231,000 after purchasing an additional 493 shares during the period. Private Advisor Group LLC grew its holdings in shares of Casey’s General Stores by 1.1% during the third quarter. Private Advisor Group LLC now owns 3,645 shares of the company’s stock worth $1,370,000 after buying an additional 41 shares during the last quarter. DekaBank Deutsche Girozentrale increased its position in Casey’s General Stores by 15.5% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 8,911 shares of the company’s stock valued at $3,321,000 after acquiring an additional 1,194 shares during the period. State of Alaska Department of Revenue raised its stake in Casey’s General Stores by 2.2% during the 3rd quarter. State of Alaska Department of Revenue now owns 13,461 shares of the company’s stock valued at $5,056,000 after acquiring an additional 290 shares during the last quarter. Finally, J.W. Cole Advisors Inc. purchased a new stake in Casey’s General Stores during the 3rd quarter valued at approximately $201,000. Hedge funds and other institutional investors own 85.63% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have weighed in on CASY. Evercore ISI lifted their target price on Casey’s General Stores from $460.00 to $470.00 and gave the company an “outperform” rating in a research note on Friday, December 13th. StockNews.com upgraded shares of Casey’s General Stores from a “hold” rating to a “buy” rating in a research report on Tuesday, February 18th. Gordon Haskett upgraded shares of Casey’s General Stores from a “hold” rating to a “buy” rating in a research report on Thursday, February 13th. Royal Bank of Canada raised their target price on shares of Casey’s General Stores from $403.00 to $428.00 and gave the stock a “sector perform” rating in a research note on Tuesday, December 10th. Finally, Deutsche Bank Aktiengesellschaft boosted their price target on shares of Casey’s General Stores from $451.00 to $454.00 and gave the stock a “buy” rating in a research note on Wednesday, November 6th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat, Casey’s General Stores presently has an average rating of “Moderate Buy” and a consensus price target of $424.00.

Casey’s General Stores Stock Down 1.6 %

CASY stock opened at $416.00 on Thursday. 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’s 50-day moving average price is $410.15 and its 200 day moving average price is $397.79. Casey’s General Stores, Inc. has a 52 week low of $290.00 and a 52 week high of $445.17. The company has a market cap of $15.44 billion, a P/E ratio of 28.99, a P/E/G ratio of 2.40 and a beta of 0.83.

Casey’s General Stores (NASDAQ:CASY) last announced its quarterly earnings results on Monday, December 9th. The company reported $4.85 EPS for the quarter, topping the consensus estimate of $4.29 by $0.56. The business had revenue of $3.95 billion for the quarter, compared to analyst estimates of $4.03 billion. Casey’s General Stores had a return on equity of 17.17% and a net margin of 3.57%. The company’s quarterly revenue was down 2.9% on a year-over-year basis. During the same quarter in the previous year, the company earned $4.24 EPS. On average, research analysts expect 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 firm also recently announced a quarterly dividend, which was paid on Monday, February 17th. Shareholders of record on Monday, February 3rd were issued a dividend of $0.50 per share. The ex-dividend date was Monday, February 3rd. This represents a $2.00 annualized dividend and a yield of 0.48%. Casey’s General Stores’s dividend payout ratio (DPR) is currently 13.94%.

Insider Activity

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

Casey’s General Stores Company 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.