Quantinno Capital Management LP Purchases 52 Shares of Casey’s General Stores, Inc. (NASDAQ:CASY)

Quantinno Capital Management LP increased its position in shares of Casey’s General Stores, Inc. (NASDAQ:CASY) by 0.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 8,748 shares of the company’s stock after buying an additional 52 shares during the period. Quantinno Capital Management LP’s holdings in Casey’s General Stores were worth $3,466,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Natixis increased its position in Casey’s General Stores by 21.9% during the 4th quarter. Natixis now owns 8,337 shares of the company’s stock valued at $3,303,000 after purchasing an additional 1,499 shares during the period. Sanctuary Advisors LLC increased its holdings in Casey’s General Stores by 55.6% during the fourth 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 period. Scholtz & Company LLC bought a new position in Casey’s General Stores in the fourth quarter worth approximately $2,375,000. JLB & Associates Inc. raised its stake in Casey’s General Stores by 1.8% in the fourth quarter. JLB & Associates Inc. now owns 43,029 shares of the company’s stock worth $17,049,000 after buying an additional 749 shares in the last quarter. Finally, Segall Bryant & Hamill LLC lifted its holdings in Casey’s General Stores by 9.1% during the fourth quarter. Segall Bryant & Hamill LLC now owns 53,330 shares of the company’s stock worth $21,131,000 after buying an additional 4,458 shares during the period. 85.63% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the company. Stephens upgraded Casey’s General Stores to a “strong-buy” rating in a report on Monday, April 7th. StockNews.com downgraded shares of Casey’s General Stores from a “buy” rating to a “hold” rating in a report on Saturday, March 8th. KeyCorp began coverage on shares of Casey’s General Stores in a research report on Friday, April 11th. They set an “overweight” rating and a $500.00 price target for the company. Royal Bank of Canada set a $438.00 price objective on shares of Casey’s General Stores and gave the stock a “sector perform” rating in a research report on Wednesday, March 12th. Finally, Gordon Haskett upgraded 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 issued a hold rating, eight have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, Casey’s General Stores presently has an average rating of “Moderate Buy” and a consensus price target of $430.33.

Insiders Place Their Bets

In other Casey’s General Stores news, insider Katrina S. Lindsey sold 250 shares of Casey’s General Stores stock in a transaction dated Friday, April 4th. The stock was sold at an average price of $437.01, for a total transaction of $109,252.50. Following the completion of the transaction, the insider now owns 2,443 shares in the company, valued at approximately $1,067,615.43. This trade represents a 9.28% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Mike Spanos acquired 256 shares of the firm’s stock in a transaction dated Thursday, March 13th. The stock was bought at an average cost of $390.54 per share, with a total value of $99,978.24. Following the acquisition, the director now owns 3,356 shares in the company, valued at approximately $1,310,652.24. This trade 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 insiders.

Casey’s General Stores Price Performance

Shares of CASY opened at $456.15 on Monday. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.88 and a quick ratio of 0.49. The company’s fifty day moving average price is $437.09 and its 200-day moving average price is $420.03. Casey’s General Stores, Inc. has a 1-year low of $313.89 and a 1-year high of $474.97. The firm has a market capitalization of $16.93 billion, a PE ratio of 31.79, a price-to-earnings-growth ratio of 2.40 and a beta of 0.70.

Casey’s General Stores (NASDAQ:CASY) last posted its quarterly earnings results on Tuesday, March 11th. The company reported $2.33 earnings per share for the quarter, beating the consensus estimate of $1.76 by $0.57. The business had revenue of $3.90 billion for the quarter, compared to the consensus estimate of $3.74 billion. Casey’s General Stores had a return on equity of 17.17% and a net margin of 3.57%. The company’s quarterly revenue was up 17.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.33 EPS. On average, equities research analysts predict that Casey’s General Stores, Inc. will post 13.94 EPS for the current year.

Casey’s General Stores Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 15th. Investors of record on Thursday, May 1st were issued a $0.50 dividend. The ex-dividend date was Thursday, May 1st. This represents a $2.00 annualized dividend and a yield of 0.44%. Casey’s General Stores’s dividend payout ratio (DPR) is presently 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.