Redmond Asset Management LLC Purchases Shares of 3,339 Casey’s General Stores, Inc. (NASDAQ:CASY)

Redmond Asset Management LLC purchased a new stake in Casey’s General Stores, Inc. (NASDAQ:CASY) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 3,339 shares of the company’s stock, valued at approximately $1,323,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Blue Trust Inc. lifted its stake in shares of Casey’s General Stores by 62.0% during the third quarter. Blue Trust Inc. now owns 567 shares of the company’s stock valued at $216,000 after buying an additional 217 shares during the period. Allspring Global Investments Holdings LLC lifted its stake in shares of Casey’s General Stores by 400.8% during the third quarter. Allspring Global Investments Holdings LLC now owns 616 shares of the company’s stock valued at $231,000 after buying an additional 493 shares during the period. Sequoia Financial Advisors LLC lifted its stake in shares of Casey’s General Stores by 21.9% during the third quarter. Sequoia Financial Advisors LLC now owns 2,699 shares of the company’s stock valued at $1,014,000 after buying an additional 484 shares during the period. Private Advisor Group LLC lifted its stake in shares of Casey’s General Stores by 1.1% during the third quarter. Private Advisor Group LLC now owns 3,645 shares of the company’s stock valued at $1,370,000 after buying an additional 41 shares during the period. Finally, YHB Investment Advisors Inc. lifted its stake in shares of Casey’s General Stores by 7.6% during the third quarter. YHB Investment Advisors Inc. now owns 1,756 shares of the company’s stock valued at $660,000 after buying an additional 124 shares during the period. Hedge funds and other institutional investors own 85.63% of the company’s stock.

Casey’s General Stores Price Performance

Casey’s General Stores stock opened at $405.59 on Friday. The firm has a fifty day moving average of $410.12 and a 200-day moving average of $396.69. The firm has a market capitalization of $15.05 billion, a P/E ratio of 28.26, a PEG ratio of 2.43 and a beta of 0.83. Casey’s General Stores, Inc. has a 52-week low of $288.11 and a 52-week high of $445.17. The company has a quick ratio of 0.49, a current ratio of 0.88 and a debt-to-equity ratio of 0.74.

Casey’s General Stores (NASDAQ:CASY) last released its quarterly earnings results on Monday, December 9th. The company reported $4.85 earnings per share for the quarter, beating analysts’ consensus estimates of $4.29 by $0.56. Casey’s General Stores had a net margin of 3.57% and a return on equity of 17.17%. The business had revenue of $3.95 billion during the quarter, compared to analyst estimates of $4.03 billion. During the same period last year, the business earned $4.24 EPS. The business’s revenue was down 2.9% on a year-over-year basis. As a group, analysts predict that Casey’s General Stores, Inc. will post 13.94 EPS for the current year.

Casey’s General Stores Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, February 17th. Stockholders of record on Monday, February 3rd were given a $0.50 dividend. The ex-dividend date was Monday, February 3rd. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.49%. Casey’s General Stores’s payout ratio is currently 13.94%.

Insider Transactions at Casey’s General Stores

In other news, insider Katrina S. Lindsey sold 450 shares of the firm’s stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $427.13, for a total value of $192,208.50. Following the transaction, the insider now directly owns 2,247 shares in the company, valued at approximately $959,761.11. This trade represents a 16.69 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Mike Spanos purchased 500 shares of Casey’s General Stores stock in a transaction dated Monday, December 23rd. The stock was acquired at an average price of $396.76 per share, for a total transaction of $198,380.00. Following the completion of the transaction, the director now 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 disclosure for this purchase can be found here. Insiders own 0.56% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the stock. StockNews.com raised shares of Casey’s General Stores from a “hold” rating to a “buy” rating in a research note on Tuesday. Evercore ISI upped their price objective on shares of Casey’s General Stores from $460.00 to $470.00 and gave the company an “outperform” rating in a research note on Friday, December 13th. BMO Capital Markets reaffirmed a “market perform” rating and set a $450.00 price target (up previously from $400.00) on shares of Casey’s General Stores in a research report on Wednesday, December 18th. Gordon Haskett raised shares of Casey’s General Stores from a “hold” rating to a “buy” rating in a research report on Thursday, February 13th. Finally, Deutsche Bank Aktiengesellschaft upped their price target on shares of Casey’s General Stores from $451.00 to $454.00 and gave the stock a “buy” rating in a research report on Wednesday, November 6th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat, Casey’s General Stores presently has an average rating of “Moderate Buy” and a consensus target price of $424.00.

Casey’s General Stores Company 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.