Nomura Holdings Inc. Makes New $2.87 Million Investment in Casey's General Stores, Inc. (NASDAQ:CASY)

Nomura Holdings Inc. bought a new position in shares of Casey's General Stores, Inc. (NASDAQ:CASY - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 7,241 shares of the company's stock, valued at approximately $2,869,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. HighPoint Advisor Group LLC grew its holdings in shares of 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 worth $628,000 after purchasing an additional 25 shares during the last quarter. Dark Forest Capital Management LP grew its holdings in Casey's General Stores by 3.2% during the 4th quarter. Dark Forest Capital Management LP now owns 902 shares of the company's stock worth $357,000 after acquiring an additional 28 shares during the last quarter. MassMutual Private Wealth & Trust FSB grew its holdings in Casey's General Stores by 24.2% during the 4th 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 last quarter. Harbour Investments Inc. grew its holdings in Casey's General Stores by 3.1% during the 4th quarter. Harbour Investments Inc. now owns 1,002 shares of the company's stock worth $397,000 after acquiring an additional 30 shares during the last quarter. Finally, Laidlaw Wealth Management LLC grew its holdings in Casey's General Stores by 3.1% during the 4th quarter. Laidlaw Wealth Management LLC now owns 1,063 shares of the company's stock worth $421,000 after acquiring an additional 32 shares during the last quarter. Institutional investors own 85.63% of the company's stock.

Casey's General Stores Stock Down 0.0%

Shares of Casey's General Stores stock traded down $0.06 during trading on Monday, reaching $456.09. 230,590 shares of the company traded hands, 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 1-year low of $313.89 and a 1-year high of $474.97. The company has a 50 day moving average price of $437.09 and a 200-day moving average price of $420.03. The firm has a market capitalization of $16.93 billion, a PE ratio of 31.78, a P/E/G ratio of 2.40 and a beta of 0.70.

Casey's General Stores (NASDAQ:CASY - Get Free Report) last released its quarterly earnings data on Tuesday, March 11th. The company reported $2.33 earnings per share for the quarter, topping 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 business's revenue was up 17.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.33 earnings per share. As a group, equities research analysts expect that Casey's General Stores, Inc. will post 13.94 earnings per share for the current fiscal year.

Casey's General Stores Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, May 15th. Investors of record on Thursday, May 1st were given a dividend of $0.50 per share. The ex-dividend date was Thursday, May 1st. This represents a $2.00 annualized dividend and a dividend yield of 0.44%. Casey's General Stores's payout ratio is 13.94%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the stock. StockNews.com lowered shares of Casey's General Stores from a "buy" rating to a "hold" rating in a report on Saturday, March 8th. Gordon Haskett raised shares of Casey's General Stores from a "hold" rating to a "buy" rating in a report on Thursday, February 13th. KeyCorp assumed coverage on Casey's General Stores in a report on Friday, April 11th. They issued an "overweight" rating and a $500.00 target price on the stock. Stephens upgraded shares of Casey's General Stores to a "strong-buy" rating in a report on Monday, April 7th. Finally, Evercore ISI upped their price objective on shares of Casey's General Stores from $450.00 to $460.00 and gave the company an "outperform" rating in a research note on Tuesday, April 1st. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, eight have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, Casey's General Stores currently has an average rating of "Moderate Buy" and a consensus target price of $430.33.

Insider Activity at Casey's General Stores

In other news, Director Mike Spanos acquired 256 shares of the business'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 acquisition, the director now directly owns 3,356 shares of the company's stock, valued at $1,310,652.24. The trade was a 8.26% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Katrina S. Lindsey sold 250 shares of Casey's General Stores stock in a transaction on Friday, April 4th. The stock was sold at an average price of $437.01, for a total transaction of $109,252.50. Following the transaction, the insider now directly owns 2,443 shares in the company, valued at $1,067,615.43. This represents a 9.28% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.56% of the stock is owned by insiders.

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.