Xponance Inc. Has $1.92 Million Stock Position in Casey’s General Stores, Inc. (NASDAQ:CASY)

Xponance Inc. boosted its stake in Casey’s General Stores, Inc. (NASDAQ:CASY) by 5.3% during the fourth quarter, Holdings Channel reports. The institutional investor owned 4,846 shares of the company’s stock after buying an additional 244 shares during the period. Xponance Inc.’s holdings in Casey’s General Stores were worth $1,920,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also bought and sold shares of the company. Soros Capital Management LLC grew its stake in Casey’s General Stores by 1,825.6% in the 3rd quarter. Soros Capital Management LLC now owns 27,632 shares of the company’s stock valued at $10,382,000 after buying an additional 26,197 shares during the last quarter. Sanctuary Advisors LLC grew its stake in Casey’s General Stores by 55.6% in the 4th quarter. Sanctuary Advisors LLC now owns 8,579 shares of the company’s stock valued at $3,629,000 after buying an additional 3,065 shares during the last quarter. PNC Financial Services Group Inc. boosted its holdings in Casey’s General Stores by 9.9% in the 3rd quarter. PNC Financial Services Group Inc. now owns 14,725 shares of the company’s stock valued at $5,532,000 after purchasing an additional 1,332 shares during the period. JLB & Associates Inc. boosted its holdings in Casey’s General Stores by 1.8% in the 4th quarter. JLB & Associates Inc. now owns 43,029 shares of the company’s stock valued at $17,049,000 after purchasing an additional 749 shares during the period. Finally, South Dakota Investment Council boosted its holdings in Casey’s General Stores by 28.0% in the 4th quarter. South Dakota Investment Council now owns 10,065 shares of the company’s stock valued at $3,988,000 after purchasing an additional 2,200 shares during the period. Institutional investors and hedge funds own 85.63% of the company’s stock.

Casey’s General Stores Stock Performance

Shares of Casey’s General Stores stock opened at $404.00 on Friday. The company has a 50 day moving average of $410.20 and a 200-day moving average of $400.80. The company has a market cap of $15.00 billion, a PE ratio of 28.15, a price-to-earnings-growth ratio of 2.40 and a beta of 0.87. Casey’s General Stores, Inc. has a 1-year low of $306.45 and a 1-year high of $445.17. The company has a current ratio of 0.88, a quick ratio of 0.49 and a debt-to-equity ratio of 0.74.

Casey’s General Stores (NASDAQ:CASY) last released its quarterly earnings data on Tuesday, March 11th. The company reported $2.33 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.76 by $0.57. The business had revenue of $3.90 billion during the quarter, compared to analysts’ expectations of $3.74 billion. Casey’s General Stores had a net margin of 3.57% and a return on equity of 17.17%. The firm’s quarterly revenue was up 17.2% compared to the same quarter last year. During the same period in the prior year, the company earned $2.33 EPS. As a group, equities research analysts forecast 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 disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Thursday, May 1st will be given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 0.50%. The ex-dividend date of this dividend is Thursday, May 1st. Casey’s General Stores’s dividend payout ratio is 13.94%.

Insider Buying and Selling

In related news, Director Mike Spanos acquired 256 shares of the stock in a transaction that occurred on 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 transaction, the director now directly owns 3,356 shares in the company, 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 legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.56% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on CASY shares. Gordon Haskett raised shares of Casey’s General Stores from a “hold” rating to a “buy” rating in a report on Thursday, February 13th. Evercore ISI cut their price objective on shares of Casey’s General Stores from $460.00 to $450.00 and set an “outperform” rating for the company in a report on Tuesday, March 11th. BMO Capital Markets reissued a “market perform” rating and issued a $450.00 price objective (up previously from $400.00) on shares of Casey’s General Stores in a report on Wednesday, December 18th. Royal Bank of Canada set a $438.00 price objective on shares of Casey’s General Stores and gave the company a “sector perform” rating in a report on Wednesday, March 12th. Finally, StockNews.com downgraded shares of Casey’s General Stores from a “buy” rating to a “hold” rating in a report on Saturday, March 8th. One research analyst has rated the stock with a sell rating, three have given a hold rating and eight have given a buy rating to the stock. According to MarketBeat, Casey’s General Stores has an average rating of “Moderate Buy” and a consensus price target of $423.09.

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.