Harbour Capital Advisors LLC Acquires Shares of 855 Casey's General Stores, Inc. (NASDAQ:CASY)

Harbour Capital Advisors LLC acquired a new position in shares of Casey's General Stores, Inc. (NASDAQ:CASY - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 855 shares of the company's stock, valued at approximately $384,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Truist Financial Corp grew its holdings in Casey's General Stores by 3.9% in the fourth quarter. Truist Financial Corp now owns 8,657 shares of the company's stock valued at $3,430,000 after purchasing an additional 327 shares during the last quarter. Private Advisor Group LLC grew its stake in Casey's General Stores by 1.6% in the 4th quarter. Private Advisor Group LLC now owns 3,703 shares of the company's stock valued at $1,467,000 after acquiring an additional 58 shares during the last quarter. World Equity Group Inc. grew its stake in Casey's General Stores by 6.9% in the 4th quarter. World Equity Group Inc. now owns 726 shares of the company's stock valued at $288,000 after acquiring an additional 47 shares during the last quarter. IFP Advisors Inc increased its holdings in Casey's General Stores by 121.1% during the 4th quarter. IFP Advisors Inc now owns 367 shares of the company's stock valued at $151,000 after acquiring an additional 201 shares in the last quarter. Finally, Impax Asset Management Group plc raised its position in Casey's General Stores by 12.6% during the fourth quarter. Impax Asset Management Group plc now owns 6,534 shares of the company's stock worth $2,589,000 after acquiring an additional 731 shares during the last quarter. Hedge funds and other institutional investors own 85.63% of the company's stock.

Insider Activity at Casey's General Stores

In related news, CEO Darren M. Rebelez sold 20,000 shares of the stock in a transaction on Tuesday, June 17th. The stock was sold at an average price of $507.83, for a total value of $10,156,600.00. Following the completion of the sale, the chief executive officer now directly owns 89,840 shares in the company, valued at approximately $45,623,447.20. This represents a 18.21% decrease in their position. The sale 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 the company's stock in a transaction dated Friday, April 4th. The stock was sold at an average price of $437.01, for a total value of $109,252.50. Following the completion of the sale, the insider now directly owns 2,443 shares of the company's stock, valued at $1,067,615.43. The trade was a 9.28% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 43,136 shares of company stock worth $21,860,121. Company insiders own 0.56% of the company's stock.

Casey's General Stores Trading Down 0.2%

Shares of CASY traded down $1.12 during mid-day trading on Thursday, reaching $504.01. The company had a trading volume of 297,637 shares, compared to its average volume of 302,617. The stock has a market cap of $18.74 billion, a price-to-earnings ratio of 34.43, a price-to-earnings-growth ratio of 2.54 and a beta of 0.65. The company has a current ratio of 0.92, a quick ratio of 0.48 and a debt-to-equity ratio of 0.69. The firm has a fifty day simple moving average of $463.26 and a 200-day simple moving average of $431.14. Casey's General Stores, Inc. has a fifty-two week low of $350.52 and a fifty-two week high of $514.32.

Casey's General Stores (NASDAQ:CASY - Get Free Report) last announced its quarterly earnings results on Monday, June 9th. The company reported $2.63 EPS for the quarter, topping the consensus estimate of $1.94 by $0.69. The company had revenue of $3.99 billion during the quarter, compared to analyst estimates of $3.95 billion. Casey's General Stores had a return on equity of 16.28% and a net margin of 3.43%. The firm's revenue was up 10.9% on a year-over-year basis. During the same period in the prior year, the firm posted $2.34 earnings per share. On average, sell-side analysts anticipate that Casey's General Stores, Inc. will post 13.94 EPS for the current fiscal year.

Casey's General Stores Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 15th. Investors of record on Friday, August 1st will be issued a $0.57 dividend. This is a positive change from Casey's General Stores's previous quarterly dividend of $0.50. The ex-dividend date is Friday, August 1st. This represents a $2.28 annualized dividend and a yield of 0.45%. Casey's General Stores's dividend payout ratio (DPR) is presently 13.66%.

Analyst Ratings Changes

Several research firms have recently commented on CASY. Wells Fargo & Company increased their price target on shares of Casey's General Stores from $460.00 to $540.00 and gave the company an "overweight" rating in a research report on Wednesday, June 11th. BMO Capital Markets raised their price target on Casey's General Stores from $450.00 to $515.00 and gave the stock a "market perform" rating in a research report on Wednesday, June 11th. Wall Street Zen upgraded Casey's General Stores from a "hold" rating to a "buy" rating in a research report on Saturday, June 14th. KeyCorp lifted their price objective on Casey's General Stores from $500.00 to $550.00 and gave the stock an "overweight" rating in a research report on Wednesday, June 11th. Finally, Stephens restated an "overweight" rating and issued a $490.00 target price on shares of Casey's General Stores in a report on Tuesday, June 10th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and ten have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $453.00.

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.