BNP Paribas Financial Markets Sells 4,718 Shares of Casey's General Stores, Inc. (NASDAQ:CASY)

BNP Paribas Financial Markets reduced its position in shares of Casey's General Stores, Inc. (NASDAQ:CASY - Free Report) by 27.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,628 shares of the company's stock after selling 4,718 shares during the period. BNP Paribas Financial Markets' holdings in Casey's General Stores were worth $5,004,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. HighPoint Advisor Group LLC raised its position in Casey's General Stores by 1.7% during the fourth quarter. HighPoint Advisor Group LLC now owns 1,468 shares of the company's stock valued at $628,000 after purchasing an additional 25 shares in the last quarter. Dark Forest Capital Management LP increased its holdings in shares of Casey's General Stores by 3.2% during the fourth quarter. Dark Forest Capital Management LP now owns 902 shares of the company's stock worth $357,000 after buying an additional 28 shares in the last quarter. MassMutual Private Wealth & Trust FSB increased its holdings in shares of 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 buying an additional 29 shares in the last quarter. Harbour Investments Inc. increased its holdings in shares of Casey's General Stores by 3.1% during the fourth quarter. Harbour Investments Inc. now owns 1,002 shares of the company's stock worth $397,000 after buying an additional 30 shares in the last quarter. 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 worth $421,000 after buying an additional 32 shares in the last quarter. 85.63% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

CASY has been the subject of several research analyst reports. StockNews.com downgraded shares of Casey's General Stores from a "buy" rating to a "hold" rating in a report on Saturday, March 8th. Stephens upgraded shares of Casey's General Stores to a "strong-buy" rating in a report on Monday, April 7th. Evercore ISI upped their price target on shares of Casey's General Stores from $450.00 to $460.00 and gave the stock an "outperform" rating in a report on Tuesday, April 1st. Royal Bank of Canada set a $438.00 price target on shares of Casey's General Stores and gave the stock a "sector perform" rating in a report on Wednesday, March 12th. Finally, KeyCorp initiated coverage on shares of Casey's General Stores in a report on Friday, April 11th. They set an "overweight" rating and a $500.00 price target for the company. One research analyst has rated the stock with a sell rating, three have issued a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $430.33.

Casey's General Stores Trading Down 0.0%

Shares of Casey's General Stores stock traded down $0.06 during trading on Monday, hitting $456.09. The company's stock had a trading volume of 230,590 shares, compared to its average volume of 290,866. 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 stock has a market cap of $16.93 billion, a price-to-earnings ratio of 31.78, a price-to-earnings-growth ratio of 2.40 and a beta of 0.70. The stock has a 50-day moving average price of $438.17 and a two-hundred day moving average price of $420.47.

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

Casey's General Stores Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, May 15th. Shareholders of record on Thursday, May 1st were given a dividend of $0.50 per share. The ex-dividend date of this dividend was Thursday, May 1st. This represents a $2.00 dividend on an annualized basis and a yield of 0.44%. Casey's General Stores's dividend payout ratio (DPR) is currently 13.94%.

Insider Buying and Selling at Casey's General Stores

In other news, insider Katrina S. Lindsey sold 250 shares of the stock in a transaction dated Friday, April 4th. The shares were sold at an average price of $437.01, for a total transaction 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Mike Spanos acquired 256 shares of the business's stock in a transaction dated 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 transaction, the director now directly owns 3,356 shares in the company, valued at approximately $1,310,652.24. This represents a 8.26% increase in their ownership of the stock. The disclosure for this purchase can be found here. 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.