Raymond James Financial Services Advisors Inc. boosted its holdings in Casey’s General Stores Inc (NASDAQ:CASY) by 15.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 13,823 shares of the company’s stock after purchasing an additional 1,876 shares during the quarter. Raymond James Financial Services Advisors Inc.’s holdings in Casey’s General Stores were worth $1,771,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Carillon Tower Advisers Inc. increased its stake in Casey’s General Stores by 15.8% in the third quarter. Carillon Tower Advisers Inc. now owns 745,512 shares of the company’s stock valued at $96,252,000 after purchasing an additional 101,919 shares during the last quarter. Epoch Investment Partners Inc. increased its stake in Casey’s General Stores by 43.5% in the third quarter. Epoch Investment Partners Inc. now owns 343,467 shares of the company’s stock valued at $44,345,000 after purchasing an additional 104,153 shares during the last quarter. Dearborn Partners LLC acquired a new position in Casey’s General Stores in the fourth quarter valued at $16,156,000. Legal & General Group Plc increased its stake in Casey’s General Stores by 2.4% in the third quarter. Legal & General Group Plc now owns 57,719 shares of the company’s stock valued at $7,452,000 after purchasing an additional 1,348 shares during the last quarter. Finally, Hanseatic Management Services Inc. acquired a new position in Casey’s General Stores in the fourth quarter valued at $896,000. Hedge funds and other institutional investors own 88.71% of the company’s stock.

In other news, VP William J. Walljasper sold 4,300 shares of the company’s stock in a transaction dated Monday, January 7th. The stock was sold at an average price of $128.44, for a total value of $552,292.00. Following the completion of the sale, the vice president now owns 26,165 shares of the company’s stock, valued at $3,360,632.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Terry W. Handley sold 5,000 shares of the company’s stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $130.05, for a total value of $650,250.00. Following the completion of the sale, the insider now directly owns 36,945 shares of the company’s stock, valued at approximately $4,804,697.25. The disclosure for this sale can be found here. 0.72% of the stock is owned by corporate insiders.

Shares of NASDAQ:CASY opened at $127.67 on Friday. The stock has a market cap of $4.68 billion, a price-to-earnings ratio of 33.51, a PEG ratio of 2.71 and a beta of 0.46. The company has a quick ratio of 0.26, a current ratio of 0.76 and a debt-to-equity ratio of 0.93. Casey’s General Stores Inc has a 12 month low of $90.42 and a 12 month high of $138.45.

Casey’s General Stores (NASDAQ:CASY) last announced its quarterly earnings results on Monday, March 11th. The company reported $1.13 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.95 by $0.18. The company had revenue of $2.05 billion during the quarter, compared to analyst estimates of $2.20 billion. Casey’s General Stores had a return on equity of 14.89% and a net margin of 2.14%. Research analysts predict that Casey’s General Stores Inc will post 5.08 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Wednesday, May 1st will be given a $0.29 dividend. This represents a $1.16 annualized dividend and a dividend yield of 0.91%. The ex-dividend date is Tuesday, April 30th. Casey’s General Stores’s payout ratio is 30.45%.

Several equities research analysts have commented on CASY shares. Zacks Investment Research lowered Casey’s General Stores from a “buy” rating to a “hold” rating in a research note on Wednesday. BidaskClub lowered Casey’s General Stores from a “buy” rating to a “hold” rating in a research note on Tuesday, December 11th. Barclays upped their price target on Casey’s General Stores from $107.00 to $123.00 and gave the stock an “equal weight” rating in a research note on Wednesday, December 12th. Sidoti set a $130.00 price target on Casey’s General Stores and gave the stock a “hold” rating in a research note on Wednesday, December 12th. Finally, Gabelli restated a “buy” rating on shares of Casey’s General Stores in a research note on Wednesday. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and six have given a buy rating to the company’s stock. Casey’s General Stores has a consensus rating of “Hold” and an average target price of $133.20.

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Casey’s General Stores Profile

Casey's General Stores, Inc, together with its subsidiaries, operates convenience stores under the Casey's and Casey's General Store names. The company's stores offer a selection of food, including freshly prepared foods, such as pizza, donuts, and sandwiches; beverage and tobacco products; health and beauty aids; automotive products; school supplies, housewares, and pet supplies; and other nonfood items.

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Institutional Ownership by Quarter for Casey`s General Stores (NASDAQ:CASY)

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