30,144 Shares in Casey's General Stores, Inc. (NASDAQ:CASY) Acquired by Select Equity Group L.P.

Select Equity Group L.P. acquired a new stake in shares of Casey's General Stores, Inc. (NASDAQ:CASY - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 30,144 shares of the company's stock, valued at approximately $11,944,000. Select Equity Group L.P. owned 0.08% of Casey's General Stores as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its stake in shares of Casey's General Stores by 1.2% in the 4th quarter. Vanguard Group Inc. now owns 3,799,104 shares of the company's stock valued at $1,505,319,000 after acquiring an additional 44,295 shares during the last quarter. T. Rowe Price Investment Management Inc. grew its holdings in shares of Casey's General Stores by 1.8% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 1,776,323 shares of the company's stock worth $703,833,000 after acquiring an additional 31,131 shares during the period. JPMorgan Chase & Co. grew its stake in shares of Casey's General Stores by 18.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 758,804 shares of the company's stock worth $285,090,000 after buying an additional 119,350 shares during the last quarter. Franklin Resources Inc. raised its position in shares of Casey's General Stores by 29.5% in the 4th quarter. Franklin Resources Inc. now owns 678,778 shares of the company's stock worth $268,952,000 after purchasing an additional 154,541 shares during the last quarter. Finally, Raymond James Financial Inc. purchased a new position in shares of Casey's General Stores in the 4th quarter worth about $236,500,000. Institutional investors own 85.63% of the company's stock.

Casey's General Stores Stock Up 0.6%

NASDAQ CASY traded up $2.55 during trading on Tuesday, hitting $458.64. The company's stock had a trading volume of 238,036 shares, compared to its average volume of 290,997. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.88 and a quick ratio of 0.49. The company has a market cap of $17.02 billion, a PE ratio of 31.96, a P/E/G ratio of 2.40 and a beta of 0.70. The business's 50 day simple moving average is $438.17 and its 200-day simple moving average is $420.47. Casey's General Stores, Inc. has a fifty-two week low of $313.89 and a fifty-two week high of $474.97.

Casey's General Stores (NASDAQ:CASY - Get Free Report) last released its earnings results on Tuesday, March 11th. The company reported $2.33 EPS for the quarter, topping analysts' consensus estimates of $1.76 by $0.57. The firm had revenue of $3.90 billion during the quarter, compared to the consensus estimate of $3.74 billion. Casey's General Stores had a return on equity of 17.17% and a net margin of 3.57%. The company's revenue was up 17.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.33 earnings per share. On average, equities analysts anticipate that Casey's General Stores, Inc. will post 13.94 EPS for the current fiscal year.

Casey's General Stores Dividend Announcement

The business also recently declared 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. This represents a $2.00 annualized dividend and a yield of 0.44%. The ex-dividend date was Thursday, May 1st. Casey's General Stores's dividend payout ratio is currently 13.94%.

Analyst Ratings Changes

Several analysts have commented on CASY shares. Gordon Haskett upgraded Casey's General Stores from a "hold" rating to a "buy" rating in a research note on Thursday, February 13th. Royal Bank of Canada set a $438.00 price target on Casey's General Stores and gave the company a "sector perform" rating in a report on Wednesday, March 12th. StockNews.com cut Casey's General Stores from a "buy" rating to a "hold" rating in a report on Saturday, March 8th. KeyCorp started coverage on 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. Finally, Stephens raised Casey's General Stores to a "strong-buy" rating in a research note on Monday, April 7th. One research analyst has rated the stock with a sell rating, three have given a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $430.33.

Insider Activity at Casey's General Stores

In other Casey's General Stores news, Director Mike Spanos acquired 256 shares of the business's stock in a transaction dated 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 transaction, the director now directly owns 3,356 shares of the company's stock, valued at $1,310,652.24. This represents a 8.26% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Katrina S. Lindsey sold 250 shares of the business's stock in a transaction that occurred 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 sale, the insider now owns 2,443 shares of the company's stock, valued at $1,067,615.43. This trade 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 company insiders.

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.