Janus Henderson Group PLC Reduces Position in Casey's General Stores, Inc. (NASDAQ:CASY)

Janus Henderson Group PLC decreased its holdings in shares of Casey's General Stores, Inc. (NASDAQ:CASY - Free Report) by 5.2% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 641,205 shares of the company's stock after selling 35,309 shares during the period. Janus Henderson Group PLC owned 1.73% of Casey's General Stores worth $254,068,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in CASY. Raymond James Financial Inc. bought a new position in shares of Casey's General Stores during the fourth quarter valued at approximately $236,500,000. Norges Bank purchased a new stake in shares of Casey's General Stores during the fourth quarter valued at approximately $175,607,000. Wellington Management Group LLP grew its holdings in shares of Casey's General Stores by 160.1% during the fourth quarter. Wellington Management Group LLP now owns 428,201 shares of the company's stock valued at $169,666,000 after buying an additional 263,545 shares during the last quarter. Franklin Resources Inc. grew its holdings in shares of Casey's General Stores by 29.5% during the fourth quarter. Franklin Resources Inc. now owns 678,778 shares of the company's stock valued at $268,952,000 after buying an additional 154,541 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its holdings in shares of Casey's General Stores by 18.7% during the third quarter. JPMorgan Chase & Co. now owns 758,804 shares of the company's stock valued at $285,090,000 after buying an additional 119,350 shares during the last quarter. Institutional investors own 85.63% of the company's stock.

Insider Buying and Selling at Casey's General Stores

In other Casey's General Stores news, insider Katrina S. Lindsey sold 250 shares of Casey's General Stores stock in a transaction on Friday, April 4th. The shares were sold at an average price of $437.01, for a total value 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 $1,067,615.43. This trade represents a 9.28% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Mike Spanos acquired 256 shares of the company's stock in a transaction on Thursday, March 13th. The stock was acquired at an average cost of $390.54 per share, with a total value of $99,978.24. Following the completion of the purchase, 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. 0.56% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of research firms have recently commented on CASY. Royal Bank of Canada set a $438.00 price target on shares of Casey's General Stores and gave the company a "sector perform" rating in a report on Wednesday, March 12th. Evercore ISI increased 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 report on Tuesday, April 1st. Stephens upgraded shares of Casey's General Stores to a "strong-buy" rating in a report on Monday, April 7th. Gordon Haskett upgraded shares of Casey's General Stores from a "hold" rating to a "buy" rating in a report on Thursday, February 13th. 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 on the stock. One 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 company has an average rating of "Moderate Buy" and a consensus price target of $430.33.

Casey's General Stores Stock Performance

Shares of Casey's General Stores stock traded up $11.57 on Thursday, hitting $442.43. 374,162 shares of the company's stock were exchanged, compared to its average volume of 290,660. The company has a 50-day simple moving average of $434.32 and a 200-day simple moving average of $419.01. The stock has a market capitalization of $16.42 billion, a PE ratio of 30.83, a PEG ratio of 2.40 and a beta of 0.70. Casey's General Stores, Inc. has a 1 year low of $313.89 and a 1 year high of $474.97. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.49 and a current ratio of 0.88.

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, beating the consensus estimate of $1.76 by $0.57. The firm had revenue of $3.90 billion for the quarter, compared to the consensus estimate of $3.74 billion. Casey's General Stores had a net margin of 3.57% and a return on equity of 17.17%. The company's revenue was up 17.2% on a year-over-year basis. During the same period last year, the firm earned $2.33 EPS. As a group, equities analysts anticipate that Casey's General Stores, Inc. will post 13.94 EPS for the current year.

Casey's General Stores Announces Dividend

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 issued 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 0.45%. Casey's General Stores's dividend payout ratio is currently 13.94%.

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.