Envestnet Asset Management Inc. boosted its position in Casey’s General Stores Inc (NASDAQ:CASY) by 62.6% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 51,768 shares of the company’s stock after acquiring an additional 19,936 shares during the quarter. Envestnet Asset Management Inc. owned 0.14% of Casey’s General Stores worth $6,666,000 at the end of the most recent quarter.
A number of other large investors have also recently modified their holdings of CASY. Robeco Institutional Asset Management B.V. acquired a new stake in Casey’s General Stores in the first quarter valued at approximately $70,795,000. Norges Bank acquired a new stake in Casey’s General Stores in the fourth quarter valued at approximately $46,177,000. Thrivent Financial for Lutherans raised its holdings in Casey’s General Stores by 174.6% in the fourth quarter. Thrivent Financial for Lutherans now owns 392,085 shares of the company’s stock valued at $50,242,000 after acquiring an additional 249,286 shares in the last quarter. Stifel Financial Corp raised its holdings in Casey’s General Stores by 2,823.7% in the fourth quarter. Stifel Financial Corp now owns 102,913 shares of the company’s stock valued at $13,258,000 after acquiring an additional 99,393 shares in the last quarter. Finally, BlackRock Inc. raised its holdings in Casey’s General Stores by 3.1% in the fourth quarter. BlackRock Inc. now owns 3,187,331 shares of the company’s stock valued at $408,424,000 after acquiring an additional 95,527 shares in the last quarter. 90.23% of the stock is currently owned by hedge funds and other institutional investors.
CASY stock opened at $149.89 on Thursday. The company has a debt-to-equity ratio of 0.91, a quick ratio of 0.22 and a current ratio of 0.69. Casey’s General Stores Inc has a twelve month low of $95.27 and a twelve month high of $151.29. The company has a market cap of $5.36 billion, a price-to-earnings ratio of 26.57, a P/E/G ratio of 2.67 and a beta of 0.45.
Casey’s General Stores (NASDAQ:CASY) last released its quarterly earnings data on Monday, June 10th. The company reported $0.68 earnings per share for the quarter, topping analysts’ consensus estimates of $0.41 by $0.27. Casey’s General Stores had a net margin of 2.18% and a return on equity of 14.95%. The company had revenue of $2.18 billion for the quarter, compared to analysts’ expectations of $2.13 billion. During the same quarter last year, the company earned $0.51 earnings per share. The firm’s revenue for the quarter was up 4.3% on a year-over-year basis. As a group, analysts predict that Casey’s General Stores Inc will post 5.46 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, August 15th. Shareholders of record on Thursday, August 1st will be issued a dividend of $0.32 per share. The ex-dividend date of this dividend is Wednesday, July 31st. This represents a $1.28 dividend on an annualized basis and a yield of 0.85%. This is a boost from Casey’s General Stores’s previous quarterly dividend of $0.29. Casey’s General Stores’s dividend payout ratio (DPR) is presently 21.05%.
In other Casey’s General Stores news, VP William J. Walljasper sold 3,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 26th. The shares were sold at an average price of $126.05, for a total transaction of $378,150.00. Following the sale, the vice president now owns 24,785 shares of the company’s stock, valued at $3,124,149.25. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP Julia L. Jackowski sold 12,500 shares of the firm’s stock in a transaction that occurred on Wednesday, March 27th. The stock was sold at an average price of $125.95, for a total transaction of $1,574,375.00. Following the sale, the senior vice president now directly owns 32,944 shares in the company, valued at approximately $4,149,296.80. The disclosure for this sale can be found here. 0.72% of the stock is currently owned by company insiders.
CASY has been the topic of several analyst reports. Gabelli reaffirmed a “buy” rating on shares of Casey’s General Stores in a report on Wednesday, March 13th. Zacks Investment Research raised shares of Casey’s General Stores from a “hold” rating to a “buy” rating and set a $148.00 target price on the stock in a report on Tuesday, April 23rd. Jefferies Financial Group raised their target price on shares of Casey’s General Stores from $151.00 to $167.00 and gave the company a “buy” rating in a report on Wednesday. Barclays raised their target price on shares of Casey’s General Stores from $123.00 to $140.00 and gave the company an “equal weight” rating in a report on Wednesday. Finally, BidaskClub raised shares of Casey’s General Stores from a “sell” rating to a “hold” rating in a report on Wednesday, February 20th. Eight research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Casey’s General Stores currently has an average rating of “Hold” and an average target price of $144.40.
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About Casey’s General Stores
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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