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

Illinois Municipal Retirement Fund raised its holdings in Casey’s General Stores, Inc. (NASDAQ:CASY) by 5.4% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 16,868 shares of the company’s stock after acquiring an additional 861 shares during the quarter. Illinois Municipal Retirement Fund’s holdings in Casey’s General Stores were worth $9,536,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the stock. Westside Investment Management Inc. lifted 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 period. Nvwm LLC bought a new stake in Casey’s General Stores in the second quarter valued at $32,000. Atlantic Union Bankshares Corp acquired a new position in shares of Casey’s General Stores during the third quarter valued at about $33,000. Cornerstone Planning Group LLC boosted its position in shares of Casey’s General Stores by 490.9% during the 3rd quarter. Cornerstone Planning Group LLC now owns 65 shares of the company’s stock worth $34,000 after purchasing an additional 54 shares in the last quarter. Finally, Rossby Financial LCC grew its stake in shares of Casey’s General Stores by 580.0% in the 2nd quarter. Rossby Financial LCC now owns 68 shares of the company’s stock valued at $35,000 after buying an additional 58 shares during the period. Institutional investors and hedge funds own 85.63% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on CASY. Deutsche Bank Aktiengesellschaft set a $688.00 target price on Casey’s General Stores in a research report on Thursday, January 8th. Wall Street Zen downgraded Casey’s General Stores from a “buy” rating to a “hold” rating in a report on Saturday, January 31st. The Goldman Sachs Group reiterated a “neutral” rating and issued a $530.00 target price on shares of Casey’s General Stores in a report on Wednesday, December 10th. Zacks Research upgraded shares of Casey’s General Stores from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 12th. Finally, Northcoast Research downgraded shares of Casey’s General Stores from a “buy” rating to a “neutral” rating in a report on Wednesday, January 21st. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $615.50.

Insider Activity

In other Casey’s General Stores news, Director Moats Maria Castanon purchased 300 shares of the firm’s stock in a transaction that occurred on Monday, January 5th. The stock was bought at an average cost of $554.66 per share, with a total value of $166,398.00. Following the completion of the transaction, the director owned 803 shares of the company’s stock, valued at $445,391.98. The trade was a 59.64% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. 0.54% of the stock is currently owned by corporate insiders.

Casey’s General Stores Price Performance

CASY opened at $663.88 on Friday. Casey’s General Stores, Inc. has a 1 year low of $372.08 and a 1 year high of $678.67. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.05 and a quick ratio of 0.65. The company has a market capitalization of $24.61 billion, a price-to-earnings ratio of 40.83, a P/E/G ratio of 2.29 and a beta of 0.68. The firm’s fifty day moving average price is $595.21 and its two-hundred day moving average price is $556.63.

Casey’s General Stores (NASDAQ:CASY) last released its quarterly earnings results on Tuesday, December 9th. The company reported $5.53 earnings per share for the quarter, beating analysts’ consensus estimates of $4.92 by $0.61. Casey’s General Stores had a net margin of 3.58% and a return on equity of 16.89%. The company had revenue of $4.51 billion for the quarter, compared to analyst estimates of $4.51 billion. During the same period last year, the firm earned $4.85 earnings per share. The firm’s revenue was up 14.2% on a year-over-year basis. As a group, analysts anticipate 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 firm also recently announced 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 is Friday, January 30th. Casey’s General Stores’s payout ratio is presently 14.02%.

Casey’s General Stores 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.