Susquehanna Fundamental Investments LLC Buys New Shares in Casey's General Stores, Inc. (NASDAQ:CASY)

Susquehanna Fundamental Investments LLC acquired a new stake in Casey's General Stores, Inc. (NASDAQ:CASY - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 4,310 shares of the company's stock, valued at approximately $1,708,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of CASY. Coldstream Capital Management Inc. boosted its stake in Casey's General Stores by 12.1% during the fourth quarter. Coldstream Capital Management Inc. now owns 1,189 shares of the company's stock worth $471,000 after buying an additional 128 shares during the period. Two Sigma Securities LLC boosted its stake in shares of Casey's General Stores by 26.3% during the 4th quarter. Two Sigma Securities LLC now owns 2,525 shares of the company's stock worth $1,000,000 after purchasing an additional 525 shares during the period. Integrated Wealth Concepts LLC grew its holdings in Casey's General Stores by 50.2% during the 4th quarter. Integrated Wealth Concepts LLC now owns 2,592 shares of the company's stock valued at $1,027,000 after purchasing an additional 866 shares during the last quarter. Fuller & Thaler Asset Management Inc. raised its position in Casey's General Stores by 7.5% in the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 4,822 shares of the company's stock worth $1,911,000 after purchasing an additional 335 shares during the period. Finally, T. Rowe Price Investment Management Inc. lifted its stake in Casey's General Stores by 1.8% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 1,776,323 shares of the company's stock worth $703,833,000 after purchasing an additional 31,131 shares during the last quarter. Hedge funds and other institutional investors own 85.63% of the company's stock.

Insider Transactions at Casey's General Stores

In other news, Director Mike Spanos purchased 256 shares of the business's stock in a transaction on Thursday, March 13th. The shares were acquired at an average cost of $390.54 per share, with a total value 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. This trade represents a 8.26 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Katrina S. Lindsey sold 250 shares of the 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 sale, the insider now owns 2,443 shares of the company's stock, valued at approximately $1,067,615.43. This represents a 9.28 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.56% of the company's stock.

Casey's General Stores Stock Up 0.7 %

CASY stock traded up $3.11 during trading on Friday, hitting $458.65. 182,842 shares of the company's stock traded hands, compared to its average volume of 285,482. The business has a fifty day simple moving average of $427.41 and a two-hundred day simple moving average of $415.87. The company has a quick ratio of 0.49, a current ratio of 0.88 and a debt-to-equity ratio of 0.74. The firm has a market capitalization of $17.02 billion, a P/E ratio of 31.96, a PEG ratio of 2.40 and a beta of 0.74. Casey's General Stores, Inc. has a 1 year low of $313.89 and a 1 year high of $468.88.

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

Casey's General Stores Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Thursday, May 1st will be issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.44%. The ex-dividend date is Thursday, May 1st. Casey's General Stores's dividend payout ratio is currently 13.94%.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on CASY. Stephens raised Casey's General Stores to a "strong-buy" rating in a research note on Monday, April 7th. Royal Bank of Canada set a $438.00 price objective on Casey's General Stores and gave the company a "sector perform" rating in a research report on Wednesday, March 12th. Gordon Haskett upgraded Casey's General Stores from a "hold" rating to a "buy" rating in a research report on Thursday, February 13th. StockNews.com cut shares of Casey's General Stores from a "buy" rating to a "hold" rating in a report on Saturday, March 8th. Finally, Evercore ISI lifted 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 report on Tuesday, April 1st. One analyst has rated the stock with a sell rating, three have assigned a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $430.33.

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.