Prudent Man Investment Management Inc. Invests $103,000 in Casey’s General Stores, Inc. (NASDAQ:CASY)

Prudent Man Investment Management Inc. purchased a new stake in Casey’s General Stores, Inc. (NASDAQ:CASY) in the 4th quarter, HoldingsChannel.com reports. The fund purchased 260 shares of the company’s stock, valued at approximately $103,000.

A number of other hedge funds also recently modified their holdings of CASY. YANKCOM Partnership acquired a new position in shares of Casey’s General Stores in the fourth quarter valued at $34,000. Endeavor Private Wealth Inc. acquired a new position in shares of Casey’s General Stores in the 4th quarter valued at $36,000. MassMutual Private Wealth & Trust FSB lifted its holdings in shares of Casey’s General Stores by 24.2% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 149 shares of the company’s stock worth $59,000 after acquiring an additional 29 shares during the period. Heck Capital Advisors LLC acquired a new stake in shares of Casey’s General Stores during the 4th quarter valued at about $79,000. Finally, V Square Quantitative Management LLC increased its stake in Casey’s General Stores by 32.9% in the fourth quarter. V Square Quantitative Management LLC now owns 210 shares of the company’s stock valued at $83,000 after acquiring an additional 52 shares during the period. Institutional investors own 85.63% of the company’s stock.

Insider Buying and Selling

In other Casey’s General Stores news, Director Mike Spanos bought 256 shares of Casey’s General Stores stock in a transaction dated Thursday, March 13th. The shares were bought at an average price of $390.54 per share, with a total value of $99,978.24. Following the purchase, the director now owns 3,356 shares of the company’s stock, valued at $1,310,652.24. This trade represents a 8.26 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 0.56% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have commented on CASY shares. Evercore ISI cut their price target on shares of Casey’s General Stores from $460.00 to $450.00 and set an “outperform” rating for the company in a research note on Tuesday, March 11th. Royal Bank of Canada set a $438.00 target price on Casey’s General Stores and gave the stock a “sector perform” rating in a research report on Wednesday, March 12th. StockNews.com cut Casey’s General Stores from a “buy” rating to a “hold” rating in a research report on Saturday, March 8th. BMO Capital Markets reissued a “market perform” rating and set a $450.00 price objective (up from $400.00) on shares of Casey’s General Stores in a report on Wednesday, December 18th. Finally, Gordon Haskett upgraded shares of Casey’s General Stores from a “hold” rating to a “buy” rating in a research note on Thursday, February 13th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $423.09.

Casey’s General Stores Trading Up 0.3 %

Shares of NASDAQ CASY opened at $432.00 on Monday. Casey’s General Stores, Inc. has a 1-year low of $306.45 and a 1-year high of $445.17. The company has a 50-day moving average of $413.35 and a two-hundred day moving average of $403.20. The company has a market cap of $16.04 billion, a PE ratio of 30.10, a P/E/G ratio of 2.40 and a beta of 0.87. The company has a current ratio of 0.88, a quick ratio of 0.49 and a debt-to-equity ratio of 0.74.

Casey’s General Stores (NASDAQ:CASY) last posted its quarterly earnings data on Tuesday, March 11th. The company reported $2.33 earnings per share for the quarter, topping the consensus estimate of $1.76 by $0.57. The firm had revenue of $3.90 billion during the quarter, compared to analysts’ expectations of $3.74 billion. Casey’s General Stores had a net margin of 3.57% and a return on equity of 17.17%. Casey’s General Stores’s revenue was up 17.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.33 EPS. As a group, equities analysts expect that Casey’s General Stores, Inc. will post 13.94 earnings per share for the current fiscal year.

Casey’s General Stores Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Thursday, May 1st will be issued a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 0.46%. The ex-dividend date of this dividend is Thursday, May 1st. Casey’s General Stores’s dividend payout ratio is 13.94%.

Casey’s General Stores 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.