Casey’s General Stores, Inc. $CASY Shares Sold by Nordea Investment Management AB

Nordea Investment Management AB decreased its holdings in shares of Casey’s General Stores, Inc. (NASDAQ:CASY) by 15.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 15,730 shares of the company’s stock after selling 2,859 shares during the quarter. Nordea Investment Management AB’s holdings in Casey’s General Stores were worth $8,795,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Foster Dykema Cabot & Partners LLC purchased a new stake in Casey’s General Stores during the 3rd quarter valued at about $25,000. Westside Investment Management Inc. boosted its position in shares of Casey’s General Stores by 100.0% during the 3rd quarter. Westside Investment Management Inc. now owns 46 shares of the company’s stock valued at $26,000 after acquiring an additional 23 shares during the last quarter. Central Pacific Bank Trust Division boosted its position in shares of Casey’s General Stores by 52.8% during the 4th quarter. Central Pacific Bank Trust Division now owns 55 shares of the company’s stock valued at $30,000 after acquiring an additional 19 shares during the last quarter. Atlantic Union Bankshares Corp purchased a new stake in shares of Casey’s General Stores in the third quarter valued at about $33,000. Finally, Vermillion & White Wealth Management Group LLC acquired a new stake in Casey’s General Stores during the third quarter worth about $35,000. 85.63% of the stock is owned by hedge funds and other institutional investors.

Casey’s General Stores Stock Up 3.7%

CASY stock opened at $714.23 on Thursday. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.64 and a current ratio of 1.04. The company has a fifty day moving average of $658.44 and a 200-day moving average of $590.43. Casey’s General Stores, Inc. has a one year low of $397.80 and a one year high of $721.50. The stock has a market capitalization of $26.40 billion, a PE ratio of 41.00, a price-to-earnings-growth ratio of 2.25 and a beta of 0.65.

Casey’s General Stores (NASDAQ:CASY) last announced its quarterly earnings results on Monday, March 9th. The company reported $3.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.94 by $0.55. The business had revenue of $3.92 billion during the quarter, compared to the consensus estimate of $4.08 billion. Casey’s General Stores had a net margin of 3.83% and a return on equity of 17.56%. The business’s revenue was up .3% compared to the same quarter last year. During the same quarter last year, the firm posted $2.33 EPS. As a group, analysts expect that Casey’s General Stores, Inc. will post 13.94 EPS for the current year.

Casey’s General Stores Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 15th. Investors of record on Friday, May 1st will be given a dividend of $0.57 per share. The ex-dividend date of this dividend is Friday, May 1st. This represents a $2.28 annualized dividend and a yield of 0.3%. Casey’s General Stores’s dividend payout ratio is 13.09%.

Key Headlines Impacting Casey’s General Stores

Here are the key news stories impacting Casey’s General Stores this week:

• Positive Sentiment: Q3 earnings topped expectations with a large EPS gain and analysts (Stephens) highlighting “momentum across the board,” which lifted the stock’s quality ranking and investor enthusiasm. Casey’s Q3 earnings beat fuels quality rank surge (MSN)
• Positive Sentiment: Analyst and market-writeup support: Zacks and other outlets highlight CASY as a long-term holding, reinforcing bullish narratives around growth and margins. Why Casey’s is a Top Stock for the Long-Term (Zacks)
• Positive Sentiment: Wider coverage (Benzinga) reiterates the earnings-driven momentum and draws additional retail attention, supporting intraday buying pressure. Casey’s Q3 earnings beat fuels quality rank surge (Benzinga)
• Neutral Sentiment: Several data entries show short-interest totals of “0 shares” (likely reporting errors or timing issues); these conflicting reports add uncertainty to interpreting short activity in real time.
• Negative Sentiment: Reported short interest rose to 945,663 shares as of Mar 13 (up ~37% from Feb 26), representing ~2.6% of shares and a days-to-cover of ~1.7 — an increase that could add selling pressure if negative sentiment deepens, though the days-to-cover remains low.

Insider Transactions at Casey’s General Stores

In related news, insider Katrina S. Lindsey sold 200 shares of the firm’s stock in a transaction that occurred on Wednesday, March 11th. The shares were sold at an average price of $683.04, for a total value of $136,608.00. Following the transaction, the insider owned 4,039 shares in the company, valued at approximately $2,758,798.56. This trade represents a 4.72% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Mike Spanos acquired 300 shares of Casey’s General Stores stock in a transaction on Friday, March 13th. The shares were bought at an average price of $665.43 per share, for a total transaction of $199,629.00. Following the purchase, the director owned 4,499 shares of the company’s stock, valued at $2,993,769.57. This represents a 7.14% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Company insiders own 0.54% of the company’s stock.

Analyst Ratings Changes

CASY has been the topic of a number of research analyst reports. The Goldman Sachs Group lifted their target price on Casey’s General Stores from $530.00 to $605.00 and gave the company a “neutral” rating in a research report on Wednesday, March 11th. KeyCorp reiterated an “overweight” rating and set a $700.00 price target on shares of Casey’s General Stores in a report on Thursday, February 12th. Wall Street Zen downgraded shares of Casey’s General Stores from a “buy” rating to a “hold” rating in a research report on Saturday, March 21st. Wells Fargo & Company lifted their price objective on shares of Casey’s General Stores from $725.00 to $745.00 and gave the stock an “overweight” rating in a research report on Tuesday, March 10th. Finally, Stephens reiterated an “overweight” rating and set a $680.00 target price on shares of Casey’s General Stores in a research note on Tuesday, March 10th. Eight equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat.com, Casey’s General Stores presently has a consensus rating of “Moderate Buy” and an average target price of $698.20.

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.