Securian Asset Management Inc. Sells 168 Shares of Casey’s General Stores, Inc. (NASDAQ:CASY)

Securian Asset Management Inc. reduced its stake in shares of Casey’s General Stores, Inc. (NASDAQ:CASY) by 5.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,785 shares of the company’s stock after selling 168 shares during the quarter. Securian Asset Management Inc.’s holdings in Casey’s General Stores were worth $1,104,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Soros Capital Management LLC grew its position in shares of Casey’s General Stores by 1,825.6% during the 3rd quarter. Soros Capital Management LLC now owns 27,632 shares of the company’s stock worth $10,382,000 after buying an additional 26,197 shares during the period. Sanctuary Advisors LLC grew its position in shares of Casey’s General Stores by 55.6% during the 4th quarter. Sanctuary Advisors LLC now owns 8,579 shares of the company’s stock worth $3,629,000 after buying an additional 3,065 shares during the period. PNC Financial Services Group Inc. grew its position in shares of Casey’s General Stores by 9.9% during the 3rd quarter. PNC Financial Services Group Inc. now owns 14,725 shares of the company’s stock worth $5,532,000 after buying an additional 1,332 shares during the period. JLB & Associates Inc. grew its position in shares of Casey’s General Stores by 1.8% during the 4th quarter. JLB & Associates Inc. now owns 43,029 shares of the company’s stock worth $17,049,000 after buying an additional 749 shares during the period. Finally, South Dakota Investment Council grew its position in shares of Casey’s General Stores by 28.0% during the 4th quarter. South Dakota Investment Council now owns 10,065 shares of the company’s stock worth $3,988,000 after buying an additional 2,200 shares during the period. 85.63% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Casey’s General Stores

In related news, Director Mike Spanos acquired 256 shares of the company’s stock in a transaction dated Thursday, March 13th. The shares were bought at an average price of $390.54 per share, for a total transaction of $99,978.24. Following the purchase, the director now directly owns 3,356 shares in the company, valued at approximately $1,310,652.24. This trade represents a 8.26 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.56% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently issued reports on CASY shares. BMO Capital Markets restated a “market perform” rating and set a $450.00 target price (up from $400.00) on shares of Casey’s General Stores in a research report on Wednesday, December 18th. Evercore ISI decreased their price objective on Casey’s General Stores from $460.00 to $450.00 and set an “outperform” rating for the company in a research report on Tuesday. Gordon Haskett upgraded Casey’s General Stores from a “hold” rating to a “buy” rating in a research report on Thursday, February 13th. StockNews.com lowered Casey’s General Stores from a “buy” rating to a “hold” rating in a research report on Saturday, March 8th. Finally, Royal Bank of Canada set a $438.00 price objective on Casey’s General Stores and gave the company a “sector perform” rating in a research report on Wednesday. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $423.09.

Casey’s General Stores Trading Up 2.8 %

NASDAQ:CASY opened at $395.63 on Friday. Casey’s General Stores, Inc. has a twelve month low of $297.09 and a twelve month 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. The business has a 50 day moving average price of $409.52 and a two-hundred day moving average price of $399.66. The company has a market cap of $14.68 billion, a P/E ratio of 27.57, a price-to-earnings-growth ratio of 2.40 and a beta of 0.87.

Casey’s General Stores (NASDAQ:CASY) last released its quarterly earnings results on Tuesday, March 11th. The company reported $2.33 earnings per share for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $3.90 billion during the quarter, compared to the consensus estimate of $3.74 billion. During the same quarter in the prior year, the firm posted $2.33 EPS. The business’s revenue was up 17.2% on a year-over-year basis. As a group, analysts expect that Casey’s General Stores, Inc. will post 13.94 EPS for the current fiscal year.

Casey’s General Stores Dividend Announcement

The business also recently disclosed 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. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.51%. The ex-dividend date is Thursday, May 1st. Casey’s General Stores’s dividend payout ratio is currently 13.94%.

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.