Farringdon Capital Ltd. Buys New Position in Casey’s General Stores, Inc. (NASDAQ:CASY)

Farringdon Capital Ltd. purchased a new position in shares of Casey’s General Stores, Inc. (NASDAQ:CASY) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 932 shares of the company’s stock, valued at approximately $369,000.

A number of other institutional investors also recently modified their holdings of the company. Marshall Wace LLP acquired a new stake in Casey’s General Stores during the 4th quarter worth about $20,274,000. Zacks Investment Management grew its stake in Casey’s General Stores by 9.8% during the fourth quarter. Zacks Investment Management now owns 47,779 shares of the company’s stock worth $18,931,000 after purchasing an additional 4,273 shares during the period. NewEdge Advisors LLC increased its holdings in Casey’s General Stores by 8.7% in the fourth quarter. NewEdge Advisors LLC now owns 1,758 shares of the company’s stock worth $697,000 after purchasing an additional 141 shares in the last quarter. Regal Investment Advisors LLC lifted its stake in Casey’s General Stores by 4.2% in the fourth quarter. Regal Investment Advisors LLC now owns 1,182 shares of the company’s stock valued at $468,000 after buying an additional 48 shares during the period. Finally, United Capital Financial Advisors LLC boosted its holdings in shares of Casey’s General Stores by 1,629.2% during the 4th quarter. United Capital Financial Advisors LLC now owns 9,701 shares of the company’s stock worth $3,844,000 after buying an additional 9,140 shares in the last quarter. 85.63% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research analysts recently issued reports on the stock. Stephens raised shares of Casey’s General Stores to a “strong-buy” rating in a research note on Monday, April 7th. Evercore ISI raised their price objective on Casey’s General Stores from $450.00 to $460.00 and gave the company an “outperform” rating in a research note on Tuesday, April 1st. KeyCorp initiated coverage on Casey’s General Stores in a research report on Friday, April 11th. They set an “overweight” rating and a $500.00 target price on the stock. Royal Bank of Canada set a $438.00 price target on shares of Casey’s General Stores and gave the company a “sector perform” rating in a research report on Wednesday, March 12th. Finally, Gordon Haskett raised shares of Casey’s General Stores from a “hold” rating to a “buy” rating in a research note on Thursday, February 13th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, eight have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $430.33.

Insider Transactions at Casey’s General Stores

In other Casey’s General Stores news, insider Katrina S. Lindsey sold 250 shares of the company’s stock in a transaction dated Friday, April 4th. The shares were sold at an average price of $437.01, for a total transaction of $109,252.50. Following the sale, the insider now directly owns 2,443 shares of the company’s stock, valued at $1,067,615.43. This represents a 9.28 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Mike Spanos bought 256 shares of Casey’s General Stores stock in a transaction dated Thursday, March 13th. The stock was acquired at an average price of $390.54 per share, with a total value of $99,978.24. Following the purchase, the director now directly owns 3,356 shares of the company’s stock, valued at approximately $1,310,652.24. This represents a 8.26 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.56% of the stock is currently owned by company insiders.

Casey’s General Stores Stock Performance

Shares of CASY opened at $460.07 on Friday. The stock has a 50 day moving average of $421.46 and a 200 day moving average of $410.47. The company has a market capitalization of $17.08 billion, a price-to-earnings ratio of 32.06, a PEG ratio of 2.40 and a beta of 0.74. Casey’s General Stores, Inc. has a 12 month low of $307.01 and a 12 month high of $468.88. 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 announced its earnings results on Tuesday, March 11th. The company reported $2.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.76 by $0.57. The firm had revenue of $3.90 billion during the quarter, compared to analyst estimates of $3.74 billion. Casey’s General Stores had a return on equity of 17.17% and a net margin of 3.57%. The business’s revenue was up 17.2% compared to the same quarter last year. During the same period last year, the firm posted $2.33 EPS. As a group, sell-side analysts forecast that Casey’s General Stores, Inc. will post 13.94 earnings per share for the current year.

Casey’s General Stores Announces Dividend

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

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.