Baird Financial Group Inc. Has $87.78 Million Stake in Casey’s General Stores, Inc. $CASY

Baird Financial Group Inc. trimmed its position in Casey’s General Stores, Inc. (NASDAQ:CASY) by 14.6% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 172,033 shares of the company’s stock after selling 29,521 shares during the quarter. Baird Financial Group Inc.’s holdings in Casey’s General Stores were worth $87,784,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Samlyn Capital LLC increased its stake in shares of Casey’s General Stores by 42.8% during the first quarter. Samlyn Capital LLC now owns 255,659 shares of the company’s stock worth $110,966,000 after purchasing an additional 76,673 shares during the period. UNIVEST FINANCIAL Corp grew its stake in shares of Casey’s General Stores by 157.2% in the second quarter. UNIVEST FINANCIAL Corp now owns 8,556 shares of the company’s stock valued at $4,366,000 after acquiring an additional 5,230 shares in the last quarter. Ground Swell Capital LLC bought a new stake in shares of Casey’s General Stores in the first quarter valued at approximately $338,000. Franklin Resources Inc. grew its position in Casey’s General Stores by 0.3% during the second quarter. Franklin Resources Inc. now owns 708,893 shares of the company’s stock worth $361,727,000 after buying an additional 2,467 shares in the last quarter. Finally, West Bancorporation Inc. acquired a new position in Casey’s General Stores in the second quarter valued at about $278,000. Institutional investors own 85.63% of the company’s stock.

Insider Activity at Casey’s General Stores

In related news, insider Chad Michael Frazell sold 3,487 shares of the business’s stock in a transaction dated Monday, September 29th. The stock was sold at an average price of $555.40, for a total value of $1,936,679.80. Following the completion of the sale, the insider directly owned 7,993 shares of the company’s stock, valued at $4,439,312.20. The trade was a 30.37% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.54% of the stock is currently owned by corporate insiders.

Casey’s General Stores Stock Performance

Shares of Casey’s General Stores stock opened at $563.15 on Friday. The business has a 50-day moving average price of $548.71 and a two-hundred day moving average price of $520.58. Casey’s General Stores, Inc. has a 1-year low of $372.08 and a 1-year high of $573.76. The company has a current ratio of 1.03, a quick ratio of 0.61 and a debt-to-equity ratio of 0.65. The company has a market cap of $20.94 billion, a P/E ratio of 36.15 and a beta of 0.65.

Casey’s General Stores (NASDAQ:CASY) last announced its quarterly earnings data on Monday, September 8th. The company reported $5.77 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.02 by $0.75. The company had revenue of $4.57 billion for the quarter, compared to the consensus estimate of $4.47 billion. Casey’s General Stores had a return on equity of 16.73% and a net margin of 3.54%.The firm’s revenue was up 11.5% compared to the same quarter last year. During the same period in the previous year, the business earned $4.83 EPS. As a group, analysts anticipate that Casey’s General Stores, Inc. will post 13.94 EPS for the current year.

Analyst Upgrades and Downgrades

CASY has been the subject of several research analyst reports. Evercore ISI boosted their price objective on shares of Casey’s General Stores from $585.00 to $610.00 and gave the company an “outperform” rating in a research report on Tuesday. Stephens lifted their price target on shares of Casey’s General Stores from $570.00 to $600.00 and gave the company an “overweight” rating in a report on Wednesday. BMO Capital Markets upped their price objective on shares of Casey’s General Stores from $515.00 to $540.00 and gave the stock a “market perform” rating in a research report on Wednesday, September 10th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Casey’s General Stores in a report on Monday. Finally, Wells Fargo & Company boosted their target price on shares of Casey’s General Stores from $610.00 to $625.00 and gave the stock an “overweight” rating in a report on Tuesday. Seven investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat, Casey’s General Stores has a consensus rating of “Moderate Buy” and an average target price of $575.78.

About Casey’s General Stores

Casey’s General Stores, Inc engages in the provision of management and operation of convenience stores and gasoline stations. It provides self-service gasoline, a wide selection of grocery items, and an array of freshly prepared food items. The firm offers food, beverages, tobacco products, health and beauty aids, automotive products, and other non-food items.