Nisa Investment Advisors LLC Increases Position in Casey’s General Stores, Inc. $CASY

Nisa Investment Advisors LLC grew its holdings in shares of Casey’s General Stores, Inc. (NASDAQ:CASY) by 25.5% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 11,101 shares of the company’s stock after buying an additional 2,256 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Casey’s General Stores were worth $6,136,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Foster Dykema Cabot & Partners LLC purchased a new stake in shares of Casey’s General Stores during the third quarter valued at $25,000. Westside Investment Management Inc. increased its stake in Casey’s General Stores by 100.0% in the 3rd quarter. Westside Investment Management Inc. now owns 46 shares of the company’s stock worth $26,000 after buying an additional 23 shares during the period. Central Pacific Bank Trust Division lifted its holdings in Casey’s General Stores by 52.8% during the 4th quarter. Central Pacific Bank Trust Division now owns 55 shares of the company’s stock valued at $30,000 after buying an additional 19 shares in the last quarter. True Wealth Design LLC lifted its holdings in Casey’s General Stores by 350.0% during the 4th quarter. True Wealth Design LLC now owns 54 shares of the company’s stock valued at $30,000 after buying an additional 42 shares in the last quarter. Finally, Atlantic Union Bankshares Corp purchased a new stake in Casey’s General Stores in the 3rd quarter valued at about $33,000. 85.63% of the stock is owned by institutional investors.

Casey’s General Stores Price Performance

Shares of CASY opened at $743.42 on Friday. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.64 and a current ratio of 1.04. The company has a 50 day moving average price of $669.21 and a 200-day moving average price of $597.65. Casey’s General Stores, Inc. has a fifty-two week low of $397.80 and a fifty-two week high of $746.57. The stock has a market capitalization of $27.48 billion, a PE ratio of 42.68, a PEG ratio of 2.40 and a beta of 0.61.

Casey’s General Stores (NASDAQ:CASY) last issued its quarterly earnings data on Monday, March 9th. The company reported $3.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.94 by $0.55. The company had revenue of $3.92 billion for the quarter, compared to analyst estimates of $4.08 billion. Casey’s General Stores had a net margin of 3.83% and a return on equity of 17.56%. Casey’s General Stores’s revenue was up .3% compared to the same quarter last year. During the same period last year, the company posted $2.33 earnings per share. Equities analysts predict that Casey’s General Stores, Inc. will post 13.94 earnings per share for the current fiscal year.

Casey’s General Stores Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 15th. Stockholders of record on Friday, May 1st will be issued a $0.57 dividend. The ex-dividend date is Friday, May 1st. This represents a $2.28 dividend on an annualized basis and a dividend yield of 0.3%. Casey’s General Stores’s dividend payout ratio (DPR) is currently 13.09%.

Insider Transactions at Casey’s General Stores

In related news, Director Mike Spanos purchased 300 shares of Casey’s General Stores stock in a transaction dated Friday, March 13th. The stock was purchased at an average cost of $665.43 per share, with a total value of $199,629.00. Following the transaction, the director owned 4,499 shares in the company, valued at approximately $2,993,769.57. The trade was a 7.14% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Moats Maria Castanon acquired 300 shares of the company’s stock in a transaction that occurred on Monday, January 5th. The shares were bought at an average cost of $554.66 per share, for a total transaction of $166,398.00. Following the transaction, the director owned 803 shares of the company’s stock, valued at $445,391.98. This represents a 59.64% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Corporate insiders own 0.54% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently commented on CASY shares. KeyCorp reaffirmed an “overweight” rating and set a $700.00 target price on shares of Casey’s General Stores in a research report on Thursday, February 12th. Zacks Research lowered Casey’s General Stores from a “strong-buy” rating to a “hold” rating in a report on Monday, February 23rd. BMO Capital Markets reissued a “market perform” rating and issued a $700.00 price objective on shares of Casey’s General Stores in a research note on Wednesday, March 4th. Jefferies Financial Group raised their price objective on Casey’s General Stores from $700.00 to $780.00 and gave the stock a “buy” rating in a report on Tuesday, March 10th. Finally, Bank of America assumed coverage on Casey’s General Stores in a research report on Friday, January 9th. They set a “buy” rating for the company. Eight investment analysts have rated the stock with a Buy rating and seven have assigned a Hold 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 price target of $700.09.

About Casey’s General Stores

Casey’s General Stores, Inc (NASDAQ: CASY) is a U.S.-based convenience store chain that operates retail fuel stations and food-focused convenience outlets. Founded in 1959 in Boone, Iowa, the company has grown from a single neighborhood store into a regional operator known for combining traditional convenience retailing—fuel, packaged goods and tobacco—with a larger emphasis on fresh and prepared foods.

The company’s stores typically offer gasoline and diesel alongside a range of grocery essentials, grab-and-go items and made-to-order foodservice.