Dillon & Associates Inc. Raises Position in Casey’s General Stores, Inc. (NASDAQ:CASY)

Dillon & Associates Inc. raised its stake in shares of Casey’s General Stores, Inc. (NASDAQ:CASY) by 505.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,283 shares of the company’s stock after purchasing an additional 7,750 shares during the period. Dillon & Associates Inc.’s holdings in Casey’s General Stores were worth $3,676,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in CASY. Quest Partners LLC raised its position in Casey’s General Stores by 17.7% during the third quarter. Quest Partners LLC now owns 644 shares of the company’s stock valued at $242,000 after purchasing an additional 97 shares during the period. Pathstone Holdings LLC raised its position in Casey’s General Stores by 1.0% during the third quarter. Pathstone Holdings LLC now owns 4,871 shares of the company’s stock valued at $1,830,000 after purchasing an additional 48 shares during the period. PNC Financial Services Group Inc. raised its position in Casey’s General Stores by 9.9% during the third quarter. PNC Financial Services Group Inc. now owns 14,725 shares of the company’s stock valued at $5,532,000 after purchasing an additional 1,332 shares during the period. Connor Clark & Lunn Investment Management Ltd. raised its position in Casey’s General Stores by 227.3% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 13,430 shares of the company’s stock valued at $5,046,000 after purchasing an additional 9,327 shares during the period. Finally, Advisors Asset Management Inc. raised its holdings in shares of Casey’s General Stores by 83.5% in the third quarter. Advisors Asset Management Inc. now owns 1,565 shares of the company’s stock worth $588,000 after buying an additional 712 shares during the period. 85.63% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, Director Mike Spanos purchased 256 shares of the stock in a transaction on Thursday, March 13th. The stock was bought at an average price of $390.54 per share, with a total value of $99,978.24. Following the transaction, the director now owns 3,356 shares in the company, valued at $1,310,652.24. The trade was a 8.26 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.56% of the stock is currently owned by company insiders.

Casey’s General Stores Stock Up 2.3 %

Shares of NASDAQ CASY opened at $404.00 on Monday. 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 stock has a market capitalization of $15.00 billion, a PE ratio of 28.15, a price-to-earnings-growth ratio of 2.40 and a beta of 0.87. The stock’s fifty day simple moving average is $410.20 and its two-hundred day simple moving average is $401.45. Casey’s General Stores, Inc. has a 12-month low of $306.45 and a 12-month high of $445.17.

Casey’s General Stores (NASDAQ:CASY) last posted its quarterly earnings data on Tuesday, March 11th. The company reported $2.33 earnings per share for the quarter, topping analysts’ consensus estimates of $1.76 by $0.57. The firm had revenue of $3.90 billion during the quarter, compared to analysts’ expectations of $3.74 billion. Casey’s General Stores had a return on equity of 17.17% and a net margin of 3.57%. The business’s quarterly revenue was up 17.2% on a year-over-year basis. During the same quarter last year, the firm earned $2.33 EPS. As a group, analysts expect that Casey’s General Stores, Inc. will post 13.94 EPS for the current fiscal year.

Casey’s General Stores Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Thursday, May 1st will be given a $0.50 dividend. The ex-dividend date is Thursday, May 1st. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.50%. Casey’s General Stores’s payout ratio is 13.94%.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on CASY. Royal Bank of Canada set a $438.00 price target on Casey’s General Stores and gave the stock a “sector perform” rating in a report on Wednesday, March 12th. Gordon Haskett upgraded Casey’s General Stores from a “hold” rating to a “buy” rating in a report on Thursday, February 13th. Evercore ISI reduced their price target on Casey’s General Stores from $460.00 to $450.00 and set an “outperform” rating on the stock in a report on Tuesday, March 11th. StockNews.com downgraded Casey’s General Stores from a “buy” rating to a “hold” rating in a report on Saturday, March 8th. Finally, BMO Capital Markets reiterated a “market perform” rating and issued a $450.00 price target (up from $400.00) on shares of Casey’s General Stores in a report on Wednesday, December 18th. One analyst has rated the stock with a sell rating, three have issued a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Casey’s General Stores presently has an average rating of “Moderate Buy” and an average price target of $423.09.

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.