Pacer Advisors Inc. Has $2.85 Million Stake in Casey’s General Stores, Inc. (NASDAQ:CASY)

Pacer Advisors Inc. raised its position in shares of Casey’s General Stores, Inc. (NASDAQ:CASY) by 31.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 7,185 shares of the company’s stock after purchasing an additional 1,727 shares during the quarter. Pacer Advisors Inc.’s holdings in Casey’s General Stores were worth $2,847,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Endeavor Private Wealth Inc. acquired a new position in Casey’s General Stores during the fourth quarter valued at $36,000. Venturi Wealth Management LLC grew its stake in Casey’s General Stores by 941.7% during the 3rd quarter. Venturi Wealth Management LLC now owns 125 shares of the company’s stock valued at $47,000 after acquiring an additional 113 shares in the last quarter. V Square Quantitative Management LLC increased its holdings in shares of Casey’s General Stores by 22.5% in the 3rd quarter. V Square Quantitative Management LLC now owns 158 shares of the company’s stock valued at $59,000 after purchasing an additional 29 shares during the period. MassMutual Private Wealth & Trust FSB lifted its position in shares of Casey’s General Stores by 24.2% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 149 shares of the company’s stock worth $59,000 after purchasing an additional 29 shares in the last quarter. Finally, Quarry LP acquired a new stake in shares of Casey’s General Stores during the second quarter worth approximately $72,000. Hedge funds and other institutional investors own 85.63% of the company’s stock.

Casey’s General Stores Price Performance

Shares of Casey’s General Stores stock opened at $421.77 on Friday. 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 firm has a fifty day simple moving average of $408.41 and a 200-day simple moving average of $391.74. The stock has a market capitalization of $15.66 billion, a price-to-earnings ratio of 29.39, a PEG ratio of 2.39 and a beta of 0.82. Casey’s General Stores, Inc. has a 1-year low of $269.35 and a 1-year high of $439.68.

Casey’s General Stores (NASDAQ:CASY) last issued its quarterly earnings results on Monday, December 9th. The company reported $4.85 earnings per share (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 for the quarter, compared to the consensus estimate of $4.03 billion. During the same period last year, the business posted $4.24 earnings per share. The firm’s revenue was down 2.9% compared to the same quarter last year. On average, sell-side analysts expect that Casey’s General Stores, Inc. will post 13.94 earnings per share for the current year.

Casey’s General Stores Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, February 17th. Stockholders of record on Monday, February 3rd will be issued a dividend of $0.50 per share. The ex-dividend date is Monday, February 3rd. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.47%. Casey’s General Stores’s dividend payout ratio (DPR) is presently 13.94%.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on CASY shares. BMO Capital Markets reiterated a “market perform” rating and issued a $450.00 target price (up previously from $400.00) on shares of Casey’s General Stores in a research report on Wednesday, December 18th. Evercore ISI increased their price objective on Casey’s General Stores from $460.00 to $470.00 and gave the stock an “outperform” rating in a report on Friday, December 13th. Gordon Haskett started coverage on Casey’s General Stores in a research note on Monday, November 4th. They issued a “hold” rating and a $400.00 target price on the stock. Royal Bank of Canada raised their price target on Casey’s General Stores from $403.00 to $428.00 and gave the stock a “sector perform” rating in a research note on Tuesday, December 10th. Finally, Deutsche Bank Aktiengesellschaft boosted their price target on Casey’s General Stores from $451.00 to $454.00 and gave the company a “buy” rating in a research note on Wednesday, November 6th. One analyst has rated the stock with a sell rating, three have issued a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $424.00.

Insider Activity

In other Casey’s General Stores news, insider Katrina S. Lindsey sold 450 shares of the company’s stock in a transaction that occurred on Thursday, December 12th. The stock was sold at an average price of $427.13, for a total value of $192,208.50. Following the completion of the transaction, the insider now owns 2,247 shares of the company’s stock, valued at $959,761.11. This represents a 16.69 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Mike Spanos acquired 500 shares of the firm’s stock in a transaction dated Monday, December 23rd. The shares were purchased at an average cost of $396.76 per share, for a total transaction of $198,380.00. Following the acquisition, the director now directly owns 3,097 shares in the company, valued at $1,228,765.72. This represents a 19.25 % increase in their position. The disclosure for this purchase can be found here. 0.56% of the stock is owned by company insiders.

About Casey’s General Stores

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.