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

Banque Transatlantique SA purchased a new stake in Casey's General Stores, Inc. (NASDAQ:CASY - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 14,855 shares of the company's stock, valued at approximately $5,963,000.

Several other institutional investors and hedge funds have also bought and sold shares of the company. HighPoint Advisor Group LLC grew its holdings in Casey's General Stores by 1.7% in the fourth quarter. HighPoint Advisor Group LLC now owns 1,468 shares of the company's stock worth $628,000 after purchasing an additional 25 shares during the period. Dark Forest Capital Management LP grew its stake in shares of Casey's General Stores by 3.2% in the 4th quarter. Dark Forest Capital Management LP now owns 902 shares of the company's stock valued at $357,000 after buying an additional 28 shares during the period. MassMutual Private Wealth & Trust FSB raised its stake in Casey's General Stores by 24.2% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 149 shares of the company's stock worth $59,000 after buying an additional 29 shares during the period. Harbour Investments Inc. grew its stake in Casey's General Stores by 3.1% in the fourth quarter. Harbour Investments Inc. now owns 1,002 shares of the company's stock valued at $397,000 after acquiring an additional 30 shares during the period. Finally, Laidlaw Wealth Management LLC increased its holdings in shares of Casey's General Stores by 3.1% during the fourth quarter. Laidlaw Wealth Management LLC now owns 1,063 shares of the company's stock valued at $421,000 after acquiring an additional 32 shares in the last quarter. Institutional investors own 85.63% of the company's stock.

Casey's General Stores Stock Performance

Shares of Casey's General Stores stock traded down $10.17 on Friday, reaching $442.33. 481,605 shares of the company traded hands, compared to its average volume of 286,915. The company has a 50 day moving average of $431.52 and a 200 day moving average of $417.71. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.88 and a quick ratio of 0.49. Casey's General Stores, Inc. has a 52 week low of $313.89 and a 52 week high of $474.97. The firm has a market capitalization of $16.42 billion, a PE ratio of 30.82, a PEG ratio of 2.40 and a beta of 0.70.

Casey's General Stores (NASDAQ:CASY - Get Free Report) last announced its quarterly earnings data on Tuesday, March 11th. The company reported $2.33 earnings per share for the quarter, beating the consensus estimate of $1.76 by $0.57. The business had revenue of $3.90 billion during the quarter, compared to analyst estimates of $3.74 billion. Casey's General Stores had a return on equity of 17.17% and a net margin of 3.57%. Casey's General Stores's revenue was up 17.2% compared to the same quarter last year. During the same period in the prior year, the company earned $2.33 earnings per share. Equities analysts forecast that Casey's General Stores, Inc. will post 13.94 earnings per share for the current year.

Casey's General Stores Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Thursday, May 1st will be paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 0.45%. The ex-dividend date is Thursday, May 1st. Casey's General Stores's dividend payout ratio is currently 13.94%.

Insider Buying and Selling at Casey's General Stores

In other Casey's General Stores news, Director Mike Spanos purchased 256 shares of the company's stock in a transaction that occurred on Thursday, March 13th. The shares were bought at an average cost of $390.54 per share, for a total transaction of $99,978.24. Following the purchase, the director now owns 3,356 shares of the company's stock, valued at $1,310,652.24. This represents a 8.26 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Katrina S. Lindsey sold 250 shares of Casey's General Stores stock in a transaction that occurred on Friday, April 4th. The shares were sold at an average price of $437.01, for a total transaction of $109,252.50. Following the completion of 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 disclosure for this sale can be found here. Insiders own 0.56% of the company's stock.

Analysts Set New Price Targets

Several analysts recently issued reports on the stock. KeyCorp assumed coverage on shares of Casey's General Stores in a research report on Friday, April 11th. They issued an "overweight" rating and a $500.00 price target for the company. Stephens raised shares of Casey's General Stores to a "strong-buy" rating in a research report on Monday, April 7th. Royal Bank of Canada set a $438.00 price objective on Casey's General Stores and gave the stock a "sector perform" rating in a report on Wednesday, March 12th. StockNews.com lowered Casey's General Stores from a "buy" rating to a "hold" rating in a report on Saturday, March 8th. Finally, Gordon Haskett upgraded Casey's General Stores from a "hold" rating to a "buy" rating in a report on Thursday, February 13th. One analyst has rated the stock with a sell rating, three have given a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $430.33.

About Casey's General Stores

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.