Banque Transatlantique SA Takes $5.96 Million Position in Casey's General Stores, Inc. (NASDAQ:CASY)

Banque Transatlantique SA acquired a new stake in shares of Casey's General Stores, Inc. (NASDAQ:CASY - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 14,855 shares of the company's stock, valued at approximately $5,963,000.

A number of other institutional investors also recently bought and sold shares of CASY. YANKCOM Partnership acquired a new stake in Casey's General Stores during the 4th quarter worth about $34,000. Endeavor Private Wealth Inc. purchased a new stake in shares of Casey's General Stores in the fourth quarter worth about $36,000. MassMutual Private Wealth & Trust FSB grew its holdings in Casey's General Stores by 24.2% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 149 shares of the company's stock worth $59,000 after acquiring an additional 29 shares during the period. Heck Capital Advisors LLC purchased a new position in Casey's General Stores during the fourth quarter valued at approximately $79,000. Finally, V Square Quantitative Management LLC lifted its holdings in Casey's General Stores by 32.9% in the fourth quarter. V Square Quantitative Management LLC now owns 210 shares of the company's stock valued at $83,000 after acquiring an additional 52 shares during the period. 85.63% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Casey's General Stores news, insider Katrina S. Lindsey sold 250 shares of the company's stock in a transaction dated Friday, April 4th. The shares were sold at an average price of $437.01, for a total value of $109,252.50. Following the transaction, the insider now owns 2,443 shares of the company's stock, valued at $1,067,615.43. This represents a 9.28 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Mike Spanos purchased 256 shares of the company's stock in a transaction on Thursday, March 13th. The shares were bought at an average price of $390.54 per share, with a total value of $99,978.24. Following the completion of the transaction, the director now owns 3,356 shares of the company's stock, valued at approximately $1,310,652.24. The trade was a 8.26 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 0.56% of the company's stock.

Casey's General Stores Price Performance

CASY traded up $0.82 on Tuesday, reaching $467.20. 254,365 shares of the company's stock were exchanged, compared to its average volume of 285,561. Casey's General Stores, Inc. has a twelve month low of $313.89 and a twelve month high of $470.56. The stock has a market cap of $17.34 billion, a PE ratio of 32.56, a P/E/G ratio of 2.40 and a beta of 0.70. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.88 and a quick ratio of 0.49. The stock's fifty day moving average price is $429.58 and its 200-day moving average price is $416.95.

Casey's General Stores (NASDAQ:CASY - Get Free Report) last issued its earnings results on Tuesday, March 11th. The company reported $2.33 earnings per share for the quarter, topping the consensus estimate of $1.76 by $0.57. Casey's General Stores had a return on equity of 17.17% and a net margin of 3.57%. The business had revenue of $3.90 billion for the quarter, compared to analysts' expectations of $3.74 billion. During the same period in the previous year, the firm posted $2.33 EPS. The business's revenue for the quarter was up 17.2% compared to the same quarter last year. Sell-side analysts expect that Casey's General Stores, Inc. will post 13.94 EPS for the current year.

Casey's General Stores Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Thursday, May 1st will be issued a $0.50 dividend. The ex-dividend date is Thursday, May 1st. This represents a $2.00 annualized dividend and a yield of 0.43%. Casey's General Stores's payout ratio is 13.94%.

Analyst Ratings Changes

A number of brokerages have recently commented on CASY. Gordon Haskett raised shares of Casey's General Stores from a "hold" rating to a "buy" rating in a research note on Thursday, February 13th. Evercore ISI raised their price target on shares of Casey's General Stores from $450.00 to $460.00 and gave the company an "outperform" rating in a research report on Tuesday, April 1st. Stephens raised shares of Casey's General Stores to a "strong-buy" rating in a research note on Monday, April 7th. KeyCorp began coverage on Casey's General Stores in a research report on Friday, April 11th. They set an "overweight" rating and a $500.00 target price on the stock. Finally, 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. One analyst has rated the stock with a sell rating, three have assigned a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $430.33.

Casey's General Stores 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.