Keybank National Association OH lifted its position in shares of Casey’s General Stores Inc (NASDAQ:CASY) by 16.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,020 shares of the company’s stock after acquiring an additional 2,610 shares during the quarter. Keybank National Association OH’s holdings in Casey’s General Stores were worth $2,904,000 at the end of the most recent quarter.
Several other large investors have also recently made changes to their positions in CASY. Krane Funds Advisors LLC purchased a new stake in shares of Casey’s General Stores during the 2nd quarter worth approximately $26,000. Advisory Services Network LLC lifted its stake in Casey’s General Stores by 119.3% in the 2nd quarter. Advisory Services Network LLC now owns 193 shares of the company’s stock valued at $31,000 after buying an additional 105 shares in the last quarter. Kavar Capital Partners LLC purchased a new stake in Casey’s General Stores in the 2nd quarter valued at approximately $47,000. Harel Insurance Investments & Financial Services Ltd. purchased a new stake in Casey’s General Stores in the 2nd quarter valued at approximately $51,000. Finally, Steward Partners Investment Advisory LLC purchased a new stake in Casey’s General Stores in the 2nd quarter valued at approximately $72,000. 88.25% of the stock is currently owned by institutional investors and hedge funds.
In related news, Director Allison M. Wing sold 554 shares of the stock in a transaction on Monday, September 23rd. The stock was sold at an average price of $165.91, for a total value of $91,914.14. Following the completion of the sale, the director now directly owns 998 shares in the company, valued at approximately $165,578.18. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.41% of the stock is currently owned by corporate insiders.
A number of research firms recently issued reports on CASY. ValuEngine lowered Casey’s General Stores from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. Gabelli lowered Casey’s General Stores from a “buy” rating to a “hold” rating in a research note on Wednesday, August 7th. Sidoti upped their target price on Casey’s General Stores from $166.00 to $174.00 and gave the company a “neutral” rating in a research note on Thursday, September 19th. JPMorgan Chase & Co. upped their target price on Casey’s General Stores from $152.00 to $169.00 and gave the company a “neutral” rating in a research note on Thursday, September 12th. Finally, BMO Capital Markets upped their target price on Casey’s General Stores to $170.00 and gave the company a “market perform” rating in a research note on Wednesday, September 11th. One analyst has rated the stock with a sell rating, ten have given a hold rating and three have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $172.80.
CASY stock traded down $0.14 on Friday, reaching $166.82. The company had a trading volume of 215,900 shares, compared to its average volume of 323,565. Casey’s General Stores Inc has a 1 year low of $116.23 and a 1 year high of $174.88. The company has a market cap of $6.38 billion, a P/E ratio of 30.28, a PEG ratio of 3.02 and a beta of 0.52. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.29 and a current ratio of 0.76. The company’s fifty day moving average is $164.80 and its 200 day moving average is $155.56.
Casey’s General Stores (NASDAQ:CASY) last announced its quarterly earnings results on Monday, September 9th. The company reported $2.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.03 by $0.28. Casey’s General Stores had a return on equity of 15.55% and a net margin of 2.34%. The firm had revenue of $2.63 billion during the quarter, compared to the consensus estimate of $2.59 billion. During the same period in the prior year, the firm earned $1.90 EPS. The firm’s quarterly revenue was up 1.5% compared to the same quarter last year. On average, sell-side analysts predict that Casey’s General Stores Inc will post 6.31 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Friday, November 1st will be issued a $0.32 dividend. The ex-dividend date of this dividend is Thursday, October 31st. This represents a $1.28 annualized dividend and a yield of 0.77%. Casey’s General Stores’s dividend payout ratio is currently 23.23%.
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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