Dimensional Fund Advisors LP Buys 17,539 Shares of Casey's General Stores, Inc. (NASDAQ:CASY)

Dimensional Fund Advisors LP grew its stake in Casey's General Stores, Inc. (NASDAQ:CASY - Free Report) by 3.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 502,979 shares of the company's stock after purchasing an additional 17,539 shares during the period. Dimensional Fund Advisors LP owned about 1.36% of Casey's General Stores worth $199,302,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in CASY. Sanctuary Advisors LLC increased its stake in Casey's General Stores by 55.6% in the fourth quarter. Sanctuary Advisors LLC now owns 8,579 shares of the company's stock valued at $3,629,000 after acquiring an additional 3,065 shares during the period. Scholtz & Company LLC acquired a new stake in Casey's General Stores in the 4th quarter valued at $2,375,000. JLB & Associates Inc. raised its stake in Casey's General Stores by 1.8% during the fourth quarter. JLB & Associates Inc. now owns 43,029 shares of the company's stock worth $17,049,000 after acquiring an additional 749 shares in the last quarter. Segall Bryant & Hamill LLC grew its holdings in shares of Casey's General Stores by 9.1% in the 4th quarter. Segall Bryant & Hamill LLC now owns 53,330 shares of the company's stock worth $21,131,000 after purchasing an additional 4,458 shares during the last quarter. Finally, South Dakota Investment Council increased its position in shares of Casey's General Stores by 28.0% during the 4th quarter. South Dakota Investment Council now owns 10,065 shares of the company's stock worth $3,988,000 after purchasing an additional 2,200 shares in the last quarter. Institutional investors own 85.63% of the company's stock.

Casey's General Stores Stock Up 0.7 %

NASDAQ CASY traded up $3.07 during trading on Monday, hitting $450.41. The stock had a trading volume of 41,643 shares, compared to its average volume of 285,438. Casey's General Stores, Inc. has a 12 month low of $313.67 and a 12 month high of $468.88. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.49 and a current ratio of 0.88. The company's 50-day moving average price is $423.31 and its two-hundred day moving average price is $413.61. The company has a market capitalization of $16.72 billion, a PE ratio of 31.48, a P/E/G ratio of 2.40 and a beta of 0.74.

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

Casey's General Stores Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Thursday, May 1st will be paid a $0.50 dividend. The ex-dividend date of this dividend is 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 is 13.94%.

Analyst Ratings Changes

A number of research analysts recently issued reports on CASY shares. Evercore ISI lifted their price target on Casey's General Stores from $450.00 to $460.00 and gave the company an "outperform" rating in a report on Tuesday, April 1st. Gordon Haskett raised Casey's General Stores from a "hold" rating to a "buy" rating in a research note on Thursday, February 13th. StockNews.com lowered shares of Casey's General Stores from a "buy" rating to a "hold" rating in a research note on Saturday, March 8th. 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 research report on Wednesday, March 12th. Finally, Stephens upgraded shares of Casey's General Stores to a "strong-buy" rating in a research report on Monday, April 7th. One analyst has rated the stock with a sell rating, three have issued a hold rating, eight have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $430.33.

Insiders Place Their Bets

In other news, Director Mike Spanos purchased 256 shares of the company's stock in a transaction on Thursday, March 13th. The shares were purchased at an average cost 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 $1,310,652.24. The trade was a 8.26 % increase in their position. The transaction was disclosed in a filing 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 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 completion of the transaction, the insider now directly owns 2,443 shares of the company's stock, valued at approximately $1,067,615.43. This trade represents a 9.28 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.56% of the company's stock.

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.