Price T Rowe Associates Inc. MD Trims Stake in Casey's General Stores, Inc. (NASDAQ:CASY)

Price T Rowe Associates Inc. MD decreased its holdings in shares of Casey's General Stores, Inc. (NASDAQ:CASY - Free Report) by 2.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 207,938 shares of the company's stock after selling 6,301 shares during the quarter. Price T Rowe Associates Inc. MD owned about 0.56% of Casey's General Stores worth $82,392,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Natixis raised its stake in shares of Casey's General Stores by 21.9% during the 4th quarter. Natixis now owns 8,337 shares of the company's stock valued at $3,303,000 after purchasing an additional 1,499 shares during the period. Sanctuary Advisors LLC increased its position in shares of Casey's General Stores by 55.6% during the fourth quarter. Sanctuary Advisors LLC now owns 8,579 shares of the company's stock valued at $3,629,000 after buying an additional 3,065 shares during the period. Scholtz & Company LLC purchased a new stake in shares of Casey's General Stores in the fourth quarter worth about $2,375,000. JLB & Associates Inc. lifted its holdings in shares of Casey's General Stores by 1.8% in the fourth quarter. JLB & Associates Inc. now owns 43,029 shares of the company's stock worth $17,049,000 after buying an additional 749 shares in the last quarter. Finally, Segall Bryant & Hamill LLC boosted its position in shares of Casey's General Stores by 9.1% in the fourth quarter. Segall Bryant & Hamill LLC now owns 53,330 shares of the company's stock valued at $21,131,000 after acquiring an additional 4,458 shares during the period. Hedge funds and other institutional investors own 85.63% of the company's stock.

Insiders Place Their Bets

In other news, Director Mike Spanos acquired 256 shares of the stock in a transaction dated Thursday, March 13th. The stock was purchased 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 owns 3,356 shares in the company, valued at approximately $1,310,652.24. The trade was a 8.26 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Katrina S. Lindsey sold 250 shares of the firm'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 in the company, valued at $1,067,615.43. The trade was a 9.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.56% of the company's stock.

Analyst Ratings Changes

Several analysts have issued reports on CASY shares. Gordon Haskett upgraded shares of Casey's General Stores from a "hold" rating to a "buy" rating in a research note on Thursday, February 13th. StockNews.com downgraded Casey's General Stores from a "buy" rating to a "hold" rating in a research report on Saturday, March 8th. Evercore ISI boosted their target price on Casey's General Stores from $450.00 to $460.00 and gave the stock an "outperform" rating in a research report on Tuesday, April 1st. Stephens raised Casey's General Stores to a "strong-buy" rating in a report on Monday, April 7th. Finally, Royal Bank of Canada set a $438.00 price objective on Casey's General Stores and gave the stock a "sector perform" rating in a report on Wednesday, March 12th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, eight have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $430.33.

Casey's General Stores Price Performance

Shares of CASY stock traded up $3.11 during trading hours on Friday, hitting $458.65. 182,842 shares of the company's stock were exchanged, compared to its average volume of 285,482. Casey's General Stores, Inc. has a 12-month low of $313.89 and a 12-month high of $468.88. The company has a market capitalization of $17.02 billion, a PE ratio of 31.96, a PEG ratio of 2.40 and a beta of 0.74. The business's 50 day simple moving average is $427.41 and its 200-day simple moving average is $415.87. The company has a current ratio of 0.88, a quick ratio of 0.49 and a debt-to-equity ratio of 0.74.

Casey's General Stores (NASDAQ:CASY - Get Free Report) last posted its quarterly earnings results 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. Casey's General Stores had a net margin of 3.57% and a return on equity of 17.17%. The business had revenue of $3.90 billion during the quarter, compared to the consensus estimate of $3.74 billion. During the same period in the previous year, the firm posted $2.33 earnings per share. The firm's revenue for the quarter was up 17.2% on a year-over-year basis. On average, equities research analysts anticipate that Casey's General Stores, Inc. will post 13.94 earnings per share 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. Investors of record on Thursday, May 1st will be given a dividend of $0.50 per share. The ex-dividend date is Thursday, May 1st. This represents a $2.00 annualized dividend and a yield of 0.44%. Casey's General Stores's payout ratio is 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.