Nisa Investment Advisors LLC Buys 7,028 Shares of Casey’s General Stores, Inc. (NASDAQ:CASY)

Nisa Investment Advisors LLC lifted its stake in shares of Casey’s General Stores, Inc. (NASDAQ:CASY) by 78.7% during the 4th quarter, HoldingsChannel reports. The firm owned 15,960 shares of the company’s stock after acquiring an additional 7,028 shares during the period. Nisa Investment Advisors LLC’s holdings in Casey’s General Stores were worth $6,324,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the stock. AE Wealth Management LLC grew its position in Casey’s General Stores by 26.6% during the 2nd quarter. AE Wealth Management LLC now owns 941 shares of the company’s stock worth $359,000 after acquiring an additional 198 shares during the last quarter. Bank of Montreal Can boosted its stake in shares of Casey’s General Stores by 9.1% during the second quarter. Bank of Montreal Can now owns 23,685 shares of the company’s stock valued at $9,044,000 after purchasing an additional 1,983 shares in the last quarter. Marshall Wace LLP increased its stake in shares of Casey’s General Stores by 113.3% in the second quarter. Marshall Wace LLP now owns 12,065 shares of the company’s stock valued at $4,604,000 after buying an additional 6,408 shares during the period. Point72 Asia Singapore Pte. Ltd. bought a new position in Casey’s General Stores in the 2nd quarter valued at approximately $252,000. Finally, AXA S.A. boosted its position in Casey’s General Stores by 14.5% during the 2nd quarter. AXA S.A. now owns 40,677 shares of the company’s stock worth $15,521,000 after buying an additional 5,151 shares during the period. 85.63% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Casey’s General Stores news, Director Mike Spanos acquired 500 shares of the company’s stock in a transaction on Monday, December 23rd. The shares were purchased at an average cost of $396.76 per share, with a total value of $198,380.00. Following the completion of the purchase, the director now owns 3,097 shares of the company’s stock, valued at approximately $1,228,765.72. This represents a 19.25 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Katrina S. Lindsey sold 450 shares of the business’s stock in a transaction dated Thursday, December 12th. The stock was sold at an average price of $427.13, for a total transaction of $192,208.50. Following the sale, the insider now directly owns 2,247 shares of the company’s stock, valued at approximately $959,761.11. The trade was a 16.69 % 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 Trading Up 0.8 %

NASDAQ:CASY opened at $411.25 on Friday. Casey’s General Stores, Inc. has a 12 month low of $268.07 and a 12 month high of $439.68. The company has a current ratio of 0.88, a quick ratio of 0.49 and a debt-to-equity ratio of 0.74. The stock has a market capitalization of $15.27 billion, a price-to-earnings ratio of 28.66, a PEG ratio of 2.29 and a beta of 0.82. The firm has a fifty day simple moving average of $407.89 and a two-hundred day simple moving average of $390.04.

Casey’s General Stores (NASDAQ:CASY) last issued its earnings results on Monday, December 9th. The company reported $4.85 EPS for the quarter, beating the consensus estimate of $4.29 by $0.56. Casey’s General Stores had a return on equity of 17.17% and a net margin of 3.57%. The company had revenue of $3.95 billion during the quarter, compared to the consensus estimate of $4.03 billion. During the same period last year, the business posted $4.24 EPS. The firm’s revenue for the quarter was down 2.9% compared to the same quarter last year. Analysts expect that Casey’s General Stores, Inc. will post 13.94 EPS for the current fiscal year.

Casey’s General Stores Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, February 17th. Stockholders of record on Monday, February 3rd will be given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.49%. The ex-dividend date of this dividend is Monday, February 3rd. Casey’s General Stores’s payout ratio is 13.94%.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on CASY shares. Gordon Haskett assumed coverage on shares of Casey’s General Stores in a research note on Monday, November 4th. They set a “hold” rating and a $400.00 price target for the company. StockNews.com lowered Casey’s General Stores from a “strong-buy” rating to a “buy” rating in a research report on Friday, December 13th. Deutsche Bank Aktiengesellschaft raised their price objective on Casey’s General Stores from $451.00 to $454.00 and gave the stock a “buy” rating in a research report on Wednesday, November 6th. Evercore ISI upped their target price on Casey’s General Stores from $460.00 to $470.00 and gave the company an “outperform” rating in a report on Friday, December 13th. Finally, BMO Capital Markets restated a “market perform” rating and set a $450.00 price target (up previously from $400.00) on shares of Casey’s General Stores in a report on Wednesday, December 18th. One analyst has rated the stock with a sell rating, three have given a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, Casey’s General Stores currently has a consensus rating of “Moderate Buy” and a consensus price target of $424.00.

Casey’s General Stores Company 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.