Casey's General Stores, Inc. (NASDAQ:CASY) Shares Purchased by United Capital Financial Advisors LLC

United Capital Financial Advisors LLC lifted its holdings in Casey's General Stores, Inc. (NASDAQ:CASY - Free Report) by 1,629.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,701 shares of the company's stock after purchasing an additional 9,140 shares during the period. United Capital Financial Advisors LLC's holdings in Casey's General Stores were worth $3,844,000 as of its most recent filing with the Securities & Exchange Commission.

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

Wall Street Analyst Weigh In

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

Insider Transactions at Casey's General Stores

In other news, insider Katrina S. Lindsey sold 250 shares of the stock in a transaction that occurred on 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 of the company's stock, valued at approximately $1,067,615.43. This represents a 9.28 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Mike Spanos bought 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 acquisition, the director now directly owns 3,356 shares in the company, valued at approximately $1,310,652.24. This trade represents a 8.26 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 0.56% of the company's stock.

Casey's General Stores Stock Up 1.9 %

Shares of CASY traded up $8.68 during midday trading on Tuesday, hitting $460.38. The company had a trading volume of 57,023 shares, compared to its average volume of 283,173. The company's 50-day simple moving average is $421.79 and its 200-day simple moving average is $411.62. The firm has a market capitalization of $17.09 billion, a P/E ratio of 32.05, a P/E/G ratio of 2.40 and a beta of 0.74. Casey's General Stores, Inc. has a 1 year low of $309.51 and a 1 year high of $468.88. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.49 and a current ratio of 0.88.

Casey's General Stores (NASDAQ:CASY - Get Free Report) last announced its quarterly earnings data on Tuesday, March 11th. The company reported $2.33 EPS for the quarter, beating analysts' consensus estimates of $1.76 by $0.57. The company 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 company's quarterly revenue was up 17.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.33 EPS. As a group, sell-side analysts expect that Casey's General Stores, Inc. will post 13.94 EPS for the current year.

Casey's General Stores Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Thursday, May 1st will be issued a dividend of $0.50 per share. The ex-dividend date is Thursday, May 1st. This represents a $2.00 dividend on an annualized basis and a yield of 0.43%. Casey's General Stores's payout ratio is currently 13.94%.

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.