1,303 Shares in Casey’s General Stores, Inc. $CASY Bought by North Dakota State Investment Board

North Dakota State Investment Board bought a new position in shares of Casey’s General Stores, Inc. (NASDAQ:CASY) in the 4th quarter, Holdings Channel.com reports. The institutional investor bought 1,303 shares of the company’s stock, valued at approximately $720,000.

Several other large investors have also added to or reduced their stakes in the business. FSB Premier Wealth Management Inc. boosted its holdings in Casey’s General Stores by 0.8% during the fourth quarter. FSB Premier Wealth Management Inc. now owns 2,338 shares of the company’s stock worth $1,292,000 after purchasing an additional 18 shares during the last quarter. Central Pacific Bank Trust Division boosted its holdings in Casey’s General Stores by 52.8% during the fourth quarter. Central Pacific Bank Trust Division now owns 55 shares of the company’s stock worth $30,000 after purchasing an additional 19 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Casey’s General Stores by 9.1% during the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 227 shares of the company’s stock worth $128,000 after purchasing an additional 19 shares during the last quarter. ORG Partners LLC boosted its holdings in Casey’s General Stores by 47.6% during the fourth quarter. ORG Partners LLC now owns 62 shares of the company’s stock worth $34,000 after purchasing an additional 20 shares during the last quarter. Finally, Scotia Capital Inc. boosted its holdings in Casey’s General Stores by 2.9% during the third quarter. Scotia Capital Inc. now owns 720 shares of the company’s stock worth $407,000 after purchasing an additional 20 shares during the last quarter. Institutional investors and hedge funds own 85.63% of the company’s stock.

Insider Transactions at Casey’s General Stores

In related news, Director Mike Spanos bought 300 shares of the business’s stock in a transaction dated Friday, March 13th. The stock was bought at an average price of $665.43 per share, for a total transaction of $199,629.00. Following the purchase, the director owned 4,499 shares in the company, valued at $2,993,769.57. This represents a 7.14% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Katrina S. Lindsey sold 200 shares of the firm’s stock in a transaction dated Wednesday, March 11th. The stock was sold at an average price of $683.04, for a total transaction of $136,608.00. Following the transaction, the insider directly owned 4,039 shares in the company, valued at approximately $2,758,798.56. This represents a 4.72% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Company insiders own 0.54% of the company’s stock.

Casey’s General Stores Stock Performance

Shares of CASY stock opened at $852.51 on Thursday. The stock has a market cap of $31.51 billion, a P/E ratio of 48.94, a P/E/G ratio of 2.36 and a beta of 0.65. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.04 and a quick ratio of 0.64. The company has a fifty day moving average price of $763.05 and a two-hundred day moving average price of $654.79. Casey’s General Stores, Inc. has a one year low of $433.16 and a one year high of $901.00.

Casey’s General Stores (NASDAQ:CASY) last announced its quarterly earnings results on Monday, March 9th. The company reported $3.49 EPS for the quarter, beating analysts’ consensus estimates of $2.94 by $0.55. The firm had revenue of $3.92 billion during the quarter, compared to analysts’ expectations of $4.08 billion. Casey’s General Stores had a net margin of 3.83% and a return on equity of 17.56%. The company’s revenue for the quarter was up .3% compared to the same quarter last year. During the same quarter last year, the company posted $2.33 earnings per share. As a group, equities analysts predict that Casey’s General Stores, Inc. will post 18.24 EPS for the current year.

Casey’s General Stores Announces Dividend

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

Wall Street Analysts Forecast Growth

Several research analysts recently commented on CASY shares. Evercore restated an “outperform” rating and set a $915.00 target price on shares of Casey’s General Stores in a report on Monday. Northcoast Research cut shares of Casey’s General Stores from a “buy” rating to a “neutral” rating in a report on Wednesday, January 21st. William Blair started coverage on shares of Casey’s General Stores in a report on Wednesday. They set an “outperform” rating for the company. Zacks Research upgraded shares of Casey’s General Stores from a “hold” rating to a “strong-buy” rating in a report on Thursday, April 23rd. Finally, The Goldman Sachs Group increased their target price on shares of Casey’s General Stores from $530.00 to $605.00 and gave the stock a “neutral” rating in a report on Wednesday, March 11th. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $737.36.

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.