Duality Advisers LP Makes New Investment in Casey’s General Stores, Inc. (NASDAQ:CASY)

Duality Advisers LP purchased a new position in shares of Casey’s General Stores, Inc. (NASDAQ:CASY) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 899 shares of the company’s stock, valued at approximately $247,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Morgan Stanley lifted its position in Casey’s General Stores by 7.7% during the 3rd quarter. Morgan Stanley now owns 1,585,359 shares of the company’s stock worth $430,458,000 after acquiring an additional 113,437 shares during the period. FMR LLC lifted its holdings in shares of Casey’s General Stores by 5.6% in the 3rd quarter. FMR LLC now owns 732,623 shares of the company’s stock valued at $198,922,000 after buying an additional 38,722 shares during the period. JPMorgan Chase & Co. lifted its holdings in shares of Casey’s General Stores by 3.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 559,532 shares of the company’s stock valued at $151,924,000 after buying an additional 18,528 shares during the period. Copeland Capital Management LLC lifted its holdings in shares of Casey’s General Stores by 0.6% in the 3rd quarter. Copeland Capital Management LLC now owns 339,196 shares of the company’s stock valued at $92,098,000 after buying an additional 1,889 shares during the period. Finally, Envestnet Asset Management Inc. lifted its holdings in shares of Casey’s General Stores by 142.8% in the 3rd quarter. Envestnet Asset Management Inc. now owns 242,923 shares of the company’s stock valued at $65,959,000 after buying an additional 142,884 shares during the period. Institutional investors and hedge funds own 85.63% of the company’s stock.

Casey’s General Stores Price Performance

Shares of Casey’s General Stores stock opened at $320.03 on Friday. Casey’s General Stores, Inc. has a twelve month low of $212.50 and a twelve month high of $324.40. The business has a 50-day moving average price of $307.99 and a 200 day moving average price of $287.60. The company has a quick ratio of 0.42, a current ratio of 0.89 and a debt-to-equity ratio of 0.54. The firm has a market cap of $11.85 billion, a PE ratio of 25.44, a P/E/G ratio of 2.53 and a beta of 0.83.

Casey’s General Stores (NASDAQ:CASY) last posted its quarterly earnings data on Tuesday, March 12th. The company reported $2.33 EPS for the quarter, topping the consensus estimate of $2.20 by $0.13. Casey’s General Stores had a return on equity of 16.70% and a net margin of 3.23%. The company had revenue of $3.33 billion during the quarter, compared to analyst estimates of $3.51 billion. During the same period in the previous year, the business earned $2.36 EPS. Casey’s General Stores’s quarterly revenue was down .1% on a year-over-year basis. Sell-side analysts predict that Casey’s General Stores, Inc. will post 12.81 earnings per share for the current fiscal year.

Casey’s General Stores Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Wednesday, May 1st will be paid a dividend of $0.43 per share. The ex-dividend date is Tuesday, April 30th. This represents a $1.72 annualized dividend and a yield of 0.54%. Casey’s General Stores’s dividend payout ratio (DPR) is currently 13.67%.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. BMO Capital Markets boosted their price objective on Casey’s General Stores from $290.00 to $305.00 and gave the company a “market perform” rating in a report on Wednesday, March 13th. StockNews.com cut Casey’s General Stores from a “strong-buy” rating to a “buy” rating in a report on Thursday, March 21st. Evercore ISI decreased their price objective on Casey’s General Stores from $350.00 to $345.00 and set an “outperform” rating for the company in a report on Tuesday, April 16th. Wells Fargo & Company boosted their price objective on Casey’s General Stores from $305.00 to $340.00 and gave the company an “overweight” rating in a report on Tuesday, March 5th. Finally, Benchmark restated a “buy” rating and issued a $312.00 price target on shares of Casey’s General Stores in a research note on Wednesday, March 6th. Two investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $312.63.

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. Its stores offer pizza, donuts, breakfast items, and sandwiches; and tobacco and nicotine products. The company's stores provide soft drinks, energy, water, sports drinks, juices, coffee, and tea and dairy products; beer, wine, and spirits; snacks, candy, packaged bakery, and other food items; ice, ice cream, meals, and appetizers; health and beauty aids, automotive products, electronic accessories, housewares, and pet supplies; and ATM, lotto/lottery, and prepaid cards.