Illinois Municipal Retirement Fund Acquires 861 Shares of Casey’s General Stores, Inc. $CASY

Illinois Municipal Retirement Fund lifted its holdings in shares of Casey’s General Stores, Inc. (NASDAQ:CASY) by 5.4% in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 16,868 shares of the company’s stock after buying an additional 861 shares during the period. Illinois Municipal Retirement Fund’s holdings in Casey’s General Stores were worth $9,536,000 as of its most recent filing with the SEC.

Several other large investors have also bought and sold shares of the business. ICW Investment Advisors LLC raised its stake in Casey’s General Stores by 0.7% during the third quarter. ICW Investment Advisors LLC now owns 9,035 shares of the company’s stock worth $5,107,000 after acquiring an additional 65 shares in the last quarter. Westover Capital Advisors LLC grew its holdings in shares of Casey’s General Stores by 17.1% during the 3rd quarter. Westover Capital Advisors LLC now owns 3,843 shares of the company’s stock valued at $2,173,000 after purchasing an additional 560 shares during the last quarter. Cibc World Market Inc. increased its position in Casey’s General Stores by 3.2% during the 3rd quarter. Cibc World Market Inc. now owns 5,120 shares of the company’s stock worth $2,894,000 after purchasing an additional 161 shares in the last quarter. Profund Advisors LLC lifted its stake in Casey’s General Stores by 4.2% in the 3rd quarter. Profund Advisors LLC now owns 860 shares of the company’s stock valued at $486,000 after purchasing an additional 35 shares during the last quarter. Finally, Linden Thomas Advisory Services LLC lifted its stake in Casey’s General Stores by 4.3% in the 3rd quarter. Linden Thomas Advisory Services LLC now owns 2,964 shares of the company’s stock valued at $1,676,000 after purchasing an additional 122 shares during the last quarter. 85.63% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Casey’s General Stores

In other news, Director Moats Maria Castanon bought 300 shares of the stock in a transaction that occurred on Monday, January 5th. The stock was acquired at an average price of $554.66 per share, with a total value of $166,398.00. Following the completion of the purchase, the director directly owned 803 shares of the company’s stock, valued at approximately $445,391.98. This represents a 59.64% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available at this link. 0.54% of the stock is currently owned by company insiders.

Casey’s General Stores Trading Up 2.3%

NASDAQ CASY opened at $663.88 on Friday. The firm has a market capitalization of $24.61 billion, a PE ratio of 40.83, a price-to-earnings-growth ratio of 2.29 and a beta of 0.68. The business’s 50-day moving average price is $595.21 and its two-hundred day moving average price is $556.63. The company has a current ratio of 1.05, a quick ratio of 0.65 and a debt-to-equity ratio of 0.62. Casey’s General Stores, Inc. has a 12 month low of $372.08 and a 12 month high of $678.67.

Casey’s General Stores (NASDAQ:CASY) last posted its quarterly earnings data on Tuesday, December 9th. The company reported $5.53 EPS for the quarter, topping analysts’ consensus estimates of $4.92 by $0.61. The company had revenue of $4.51 billion for the quarter, compared to analyst estimates of $4.51 billion. Casey’s General Stores had a return on equity of 16.89% and a net margin of 3.58%.The firm’s quarterly revenue was up 14.2% on a year-over-year basis. During the same period in the previous year, the firm earned $4.85 earnings per share. On average, analysts expect that Casey’s General Stores, Inc. will post 13.94 EPS for the current year.

Casey’s General Stores Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 13th. Stockholders of record on Sunday, February 1st will be paid a $0.57 dividend. This represents a $2.28 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date of this dividend is Friday, January 30th. Casey’s General Stores’s dividend payout ratio is currently 14.02%.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the stock. Deutsche Bank Aktiengesellschaft set a $688.00 target price on shares of Casey’s General Stores in a research note on Thursday, January 8th. The Goldman Sachs Group restated a “neutral” rating and set a $530.00 price objective on shares of Casey’s General Stores in a research report on Wednesday, December 10th. Zacks Research upgraded Casey’s General Stores from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 12th. Bank of America began coverage on Casey’s General Stores in a research note on Friday, January 9th. They set a “buy” rating on the stock. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Casey’s General Stores in a report on Monday, December 29th. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and five have given a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $615.50.

Casey’s General Stores Company Profile

Casey’s General Stores, Inc (NASDAQ: CASY) is a U.S.-based convenience store chain that operates retail fuel stations and food-focused convenience outlets. Founded in 1959 in Boone, Iowa, the company has grown from a single neighborhood store into a regional operator known for combining traditional convenience retailing—fuel, packaged goods and tobacco—with a larger emphasis on fresh and prepared foods.

The company’s stores typically offer gasoline and diesel alongside a range of grocery essentials, grab-and-go items and made-to-order foodservice.