Casey's General Stores, Inc. (NASDAQ:CASY) Shares Sold by Legal & General Group Plc

Legal & General Group Plc decreased its position in Casey's General Stores, Inc. (NASDAQ:CASY - Free Report) by 12.3% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 80,865 shares of the company's stock after selling 11,314 shares during the period. Legal & General Group Plc owned 0.22% of Casey's General Stores worth $32,041,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of CASY. YANKCOM Partnership purchased a new stake in shares of Casey's General Stores in the 4th quarter worth $34,000. Endeavor Private Wealth Inc. bought a new stake in shares of Casey's General Stores in the fourth quarter valued at about $36,000. MassMutual Private Wealth & Trust FSB lifted its stake in Casey's General Stores by 24.2% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 149 shares of the company's stock worth $59,000 after acquiring an additional 29 shares during the period. Heck Capital Advisors LLC bought a new position in Casey's General Stores during the 4th quarter worth about $79,000. Finally, V Square Quantitative Management LLC increased its position in Casey's General Stores by 32.9% during the 4th quarter. V Square Quantitative Management LLC now owns 210 shares of the company's stock valued at $83,000 after purchasing an additional 52 shares during the period. Institutional investors own 85.63% of the company's stock.

Casey's General Stores Stock Performance

NASDAQ:CASY traded up $2.74 during trading hours on Friday, hitting $460.07. 365,373 shares of the company were exchanged, compared to its average volume of 284,273. The company's 50 day moving average price is $420.81 and its 200-day moving average price is $409.90. The stock has a market capitalization of $17.08 billion, a price-to-earnings ratio of 32.06, a PEG ratio of 2.40 and a beta of 0.74. Casey's General Stores, Inc. has a 52-week low of $307.01 and a 52-week high of $468.88. 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 (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 analysts' consensus estimates of $1.76 by $0.57. The firm 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 business's quarterly revenue was up 17.2% compared to the same quarter last year. During the same period in the previous year, the company earned $2.33 earnings per share. As a group, research 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. Stockholders of record on Thursday, May 1st will be paid a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 0.43%. The ex-dividend date of this dividend is Thursday, May 1st. Casey's General Stores's payout ratio is 13.94%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on CASY shares. KeyCorp started 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. Royal Bank of Canada set a $438.00 target price on Casey's General Stores and gave the company a "sector perform" rating in a research report on Wednesday, March 12th. Gordon Haskett raised Casey's General Stores from a "hold" rating to a "buy" rating in a research report on Thursday, February 13th. Evercore ISI raised their price objective on Casey's General Stores from $450.00 to $460.00 and gave the company an "outperform" rating in a research report on Tuesday, April 1st. Finally, Stephens upgraded shares of Casey's General Stores to a "strong-buy" rating in a report on Monday, April 7th. One analyst has rated the stock with a sell rating, three have issued a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, Casey's General Stores currently has an average rating of "Moderate Buy" and an average target price of $430.33.

Insider Buying and Selling

In related news, insider Katrina S. Lindsey sold 250 shares of the business's stock in a transaction 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 directly owns 2,443 shares in the company, valued at $1,067,615.43. The trade was a 9.28 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Mike Spanos purchased 256 shares of the stock in a transaction on Thursday, March 13th. The stock was acquired at an average cost of $390.54 per share, for a total transaction of $99,978.24. Following the completion of the acquisition, 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 disclosure for this purchase can be found here. Corporate insiders own 0.56% of the company's stock.

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.