Whittier Trust Co. of Nevada Inc. Purchases 563 Shares of Casey’s General Stores, Inc. (NASDAQ:CASY)

Whittier Trust Co. of Nevada Inc. lifted its position in Casey’s General Stores, Inc. (NASDAQ:CASY) by 4.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 14,760 shares of the company’s stock after buying an additional 563 shares during the period. Whittier Trust Co. of Nevada Inc.’s holdings in Casey’s General Stores were worth $5,848,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the business. YANKCOM Partnership bought a new stake in shares of Casey’s General Stores in the fourth quarter worth about $34,000. Endeavor Private Wealth Inc. bought a new stake in Casey’s General Stores during the 4th quarter worth approximately $36,000. MassMutual Private Wealth & Trust FSB raised its holdings in Casey’s General Stores by 24.2% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 149 shares of the company’s stock worth $59,000 after buying an additional 29 shares during the period. Heck Capital Advisors LLC bought a new position in Casey’s General Stores in the fourth quarter valued at approximately $79,000. Finally, V Square Quantitative Management LLC boosted its holdings in shares of Casey’s General Stores by 32.9% in the fourth quarter. V Square Quantitative Management LLC now owns 210 shares of the company’s stock valued at $83,000 after buying an additional 52 shares during the period. Institutional investors and hedge funds own 85.63% of the company’s stock.

Analyst Ratings Changes

CASY has been the subject of a number of research analyst reports. Evercore ISI reduced their target price on shares of Casey’s General Stores from $460.00 to $450.00 and set an “outperform” rating for the company in a research note on Tuesday, March 11th. BMO Capital Markets reiterated a “market perform” rating and set a $450.00 price objective (up from $400.00) on shares of Casey’s General Stores in a report on Wednesday, December 18th. Gordon Haskett upgraded Casey’s General Stores from a “hold” rating to a “buy” rating in a research note on Thursday, February 13th. Royal Bank of Canada set a $438.00 price target on shares of Casey’s General Stores and gave the stock a “sector perform” rating in a research note on Wednesday, March 12th. Finally, StockNews.com lowered shares of Casey’s General Stores from a “buy” rating to a “hold” rating in a research report on Saturday, March 8th. One equities 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. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $423.09.

Insider Activity at Casey’s General Stores

In other news, Director Mike Spanos acquired 500 shares of Casey’s General Stores stock in a transaction dated Monday, December 23rd. The stock was bought at an average price of $396.76 per share, for a total transaction of $198,380.00. Following the completion of the acquisition, the director now directly owns 3,097 shares in the company, valued at approximately $1,228,765.72. The trade was a 19.25 % increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.56% of the stock is owned by company insiders.

Casey’s General Stores Trading Up 2.3 %

Shares of NASDAQ:CASY opened at $404.00 on Friday. Casey’s General Stores, Inc. has a 52-week low of $306.45 and a 52-week high of $445.17. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.49 and a current ratio of 0.88. The company has a market capitalization of $15.00 billion, a P/E ratio of 28.15, a price-to-earnings-growth ratio of 2.40 and a beta of 0.87. The company has a 50-day simple moving average of $410.20 and a 200 day simple moving average of $400.80.

Casey’s General Stores (NASDAQ:CASY) last issued its earnings results on Tuesday, March 11th. The company reported $2.33 EPS for the quarter, topping the consensus estimate of $1.76 by $0.57. Casey’s General Stores had a return on equity of 17.17% and a net margin of 3.57%. The company had revenue of $3.90 billion during the quarter, compared to the consensus estimate of $3.74 billion. During the same period in the previous year, the company posted $2.33 EPS. The firm’s revenue for the quarter was up 17.2% compared to the same quarter last year. 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 announced a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Thursday, May 1st will be issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 0.50%. The ex-dividend date is Thursday, May 1st. Casey’s General Stores’s payout ratio is 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.