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

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Mesirow Financial Investment Management Equity Management purchased a new position in Casey’s General Stores Inc (NASDAQ:CASY) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 76,480 shares of the company’s stock, valued at approximately $9,800,000. Mesirow Financial Investment Management Equity Management owned approximately 0.21% of Casey’s General Stores as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of CASY. Parallel Advisors LLC acquired a new stake in shares of Casey’s General Stores in the third quarter valued at approximately $139,000. Benjamin F. Edwards & Company Inc. bought a new position in Casey’s General Stores in the fourth quarter valued at approximately $150,000. Ibex Investors LLC bought a new position in Casey’s General Stores in the third quarter valued at approximately $206,000. MML Investors Services LLC bought a new position in Casey’s General Stores in the third quarter valued at approximately $215,000. Finally, Keel Point LLC bought a new position in Casey’s General Stores in the third quarter valued at approximately $219,000. 96.36% of the stock is owned by hedge funds and other institutional investors.

A number of equities analysts have issued reports on the stock. Wells Fargo & Co raised their price objective on shares of Casey’s General Stores from $120.00 to $130.00 and gave the company a “market perform” rating in a research note on Wednesday, December 12th. Barclays raised their price objective on shares of Casey’s General Stores from $107.00 to $123.00 and gave the company an “equal weight” rating in a research note on Wednesday, December 12th. BMO Capital Markets set a $130.00 price objective on shares of Casey’s General Stores and gave the company a “hold” rating in a research note on Thursday, December 13th. Stephens reaffirmed a “buy” rating and issued a $143.00 price objective on shares of Casey’s General Stores in a research note on Wednesday, December 12th. Finally, Deutsche Bank set a $146.00 price objective on shares of Casey’s General Stores and gave the company a “buy” rating in a research note on Wednesday, December 12th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and seven have issued a buy rating to the company. Casey’s General Stores currently has an average rating of “Hold” and a consensus target price of $135.09.

In other news, VP William J. Walljasper sold 4,300 shares of Casey’s General Stores stock in a transaction on Monday, January 7th. The shares were sold at an average price of $128.44, for a total transaction of $552,292.00. Following the transaction, the vice president now directly owns 26,165 shares of the company’s stock, valued at $3,360,632.60. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, VP William J. Walljasper sold 7,000 shares of Casey’s General Stores stock in a transaction on Wednesday, December 12th. The stock was sold at an average price of $135.05, for a total transaction of $945,350.00. Following the transaction, the vice president now directly owns 28,865 shares in the company, valued at $3,898,218.25. The disclosure for this sale can be found here. Over the last three months, insiders have sold 14,300 shares of company stock worth $1,893,042. Insiders own 0.72% of the company’s stock.

Shares of NASDAQ CASY opened at $129.39 on Monday. The firm has a market cap of $4.74 billion, a PE ratio of 33.96, a PEG ratio of 2.87 and a beta of 0.43. Casey’s General Stores Inc has a twelve month low of $90.42 and a twelve month high of $137.08. The company has a current ratio of 0.81, a quick ratio of 0.26 and a debt-to-equity ratio of 0.95.

Casey’s General Stores (NASDAQ:CASY) last announced its quarterly earnings results on Monday, December 10th. The company reported $1.80 earnings per share for the quarter, topping analysts’ consensus estimates of $1.61 by $0.19. The company had revenue of $2.54 billion for the quarter, compared to analysts’ expectations of $2.53 billion. Casey’s General Stores had a net margin of 3.77% and a return on equity of 13.24%. The business’s quarterly revenue was up 17.8% compared to the same quarter last year. During the same period last year, the firm posted $1.28 earnings per share. As a group, equities analysts anticipate that Casey’s General Stores Inc will post 5.05 earnings per share for the current fiscal year.

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

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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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