Mesirow Financial Investment Management Equity Management Takes $9.80 Million Position in Casey’s General Stores Inc (CASY)

Mesirow Financial Investment Management Equity Management acquired a new position in shares of Casey’s General Stores Inc (NASDAQ:CASY) during the 4th quarter, Holdings Channel reports. The firm acquired 76,480 shares of the company’s stock, valued at approximately $9,800,000.

Several other institutional investors have also recently added to or reduced their stakes in CASY. Victory Capital Management Inc. acquired a new position in shares of Casey’s General Stores during the 3rd quarter worth about $62,974,000. Eagle Asset Management Inc. increased its stake in shares of Casey’s General Stores by 20.7% during the 3rd quarter. Eagle Asset Management Inc. now owns 804,882 shares of the company’s stock worth $103,918,000 after purchasing an additional 138,280 shares during the last quarter. Thrivent Financial for Lutherans increased its stake in shares of Casey’s General Stores by 1,569.8% during the 3rd quarter. Thrivent Financial for Lutherans now owns 142,799 shares of the company’s stock worth $18,437,000 after purchasing an additional 134,247 shares during the last quarter. Castleark Management LLC acquired a new position in shares of Casey’s General Stores during the 3rd quarter worth about $16,886,000. Finally, Dearborn Partners LLC acquired a new position in shares of Casey’s General Stores during the 4th quarter worth about $16,156,000. Institutional investors own 96.36% of the company’s stock.

Shares of CASY stock opened at $129.39 on Monday. The stock has a market cap of $4.74 billion, a P/E ratio of 33.96, a P/E/G ratio of 2.87 and a beta of 0.43. The company has a quick ratio of 0.26, a current ratio of 0.81 and a debt-to-equity ratio of 0.95. Casey’s General Stores Inc has a 52 week low of $90.42 and a 52 week high of $137.08.

Casey’s General Stores (NASDAQ:CASY) last announced its earnings results on Monday, December 10th. The company reported $1.80 EPS for the quarter, topping the consensus estimate of $1.61 by $0.19. The business had revenue of $2.54 billion during the quarter, compared to the consensus estimate of $2.53 billion. Casey’s General Stores had a net margin of 3.77% and a return on equity of 13.24%. Casey’s General Stores’s revenue was up 17.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.28 EPS. On average, research analysts forecast that Casey’s General Stores Inc will post 5.05 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, February 15th. Investors of record on Friday, February 1st will be issued a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a dividend yield of 0.90%. The ex-dividend date is Thursday, January 31st. Casey’s General Stores’s payout ratio is 30.45%.

Several research analysts have recently weighed in on CASY shares. Royal Bank of Canada set a $131.00 price objective on shares of Casey’s General Stores and gave the stock a “hold” rating in a research note on Thursday, December 6th. BidaskClub lowered shares of Casey’s General Stores from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, November 28th. Sidoti lifted their target price on shares of Casey’s General Stores from $115.00 to $130.00 and gave the stock a “neutral” rating in a report on Tuesday, December 4th. Gabelli reaffirmed a “buy” rating on shares of Casey’s General Stores in a report on Wednesday, December 12th. Finally, Zacks Investment Research raised shares of Casey’s General Stores from a “hold” rating to a “buy” rating and set a $141.00 target price for the company in a report on Tuesday, October 23rd. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and seven have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $135.09.

In other Casey’s General Stores news, VP William J. Walljasper sold 7,000 shares of the business’s stock in a transaction dated Wednesday, December 12th. The shares were sold at an average price of $135.05, for a total value of $945,350.00. Following the completion of the sale, the vice president now owns 28,865 shares of the company’s stock, valued at approximately $3,898,218.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Terry W. Handley sold 3,000 shares of the business’s stock in a transaction dated Wednesday, December 12th. The shares were sold at an average price of $131.80, for a total transaction of $395,400.00. Following the completion of the sale, the insider now directly owns 34,945 shares of the company’s stock, valued at approximately $4,605,751. The disclosure for this sale can be found here. Insiders have sold a total of 14,300 shares of company stock valued at $1,893,042 in the last ninety days. 0.72% of the stock is currently owned by insiders.

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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.

Read More: Capital Gains

Want to see what other hedge funds are holding CASY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Casey’s General Stores Inc (NASDAQ:CASY).

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

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