Bath Savings Trust Co Increases Stock Position in Casey’s General Stores, Inc. $CASY

Bath Savings Trust Co grew its position in shares of Casey’s General Stores, Inc. (NASDAQ:CASY) by 13.5% in the third quarter, HoldingsChannel reports. The firm owned 10,342 shares of the company’s stock after buying an additional 1,234 shares during the quarter. Bath Savings Trust Co’s holdings in Casey’s General Stores were worth $5,847,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Cresset Asset Management LLC grew its holdings in Casey’s General Stores by 3.7% during the 1st quarter. Cresset Asset Management LLC now owns 1,468 shares of the company’s stock valued at $637,000 after buying an additional 53 shares in the last quarter. Brooklyn Investment Group boosted its position in shares of Casey’s General Stores by 244.2% during the 1st quarter. Brooklyn Investment Group now owns 148 shares of the company’s stock valued at $64,000 after acquiring an additional 105 shares during the last quarter. Northern Trust Corp grew its holdings in shares of Casey’s General Stores by 0.6% in the first quarter. Northern Trust Corp now owns 334,445 shares of the company’s stock valued at $145,163,000 after purchasing an additional 1,941 shares in the last quarter. Hsbc Holdings PLC bought a new stake in Casey’s General Stores in the first quarter worth $221,000. Finally, Banco Bilbao Vizcaya Argentaria S.A. raised its stake in Casey’s General Stores by 80.7% during the first quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 2,065 shares of the company’s stock valued at $895,000 after purchasing an additional 922 shares in the last quarter. 85.63% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have commented on CASY. Royal Bank Of Canada lifted their price objective on shares of Casey’s General Stores from $570.00 to $591.00 and gave the stock a “sector perform” rating in a research note on Wednesday, December 10th. The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $530.00 price target on shares of Casey’s General Stores in a report on Wednesday, December 10th. Weiss Ratings reiterated a “buy (b)” rating on shares of Casey’s General Stores in a research report on Monday. UBS Group restated a “neutral” rating on shares of Casey’s General Stores in a research report on Thursday, December 11th. Finally, Wells Fargo & Company raised their price objective on Casey’s General Stores from $610.00 to $625.00 and gave the company an “overweight” rating in a research note on Tuesday, December 2nd. Seven equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $585.67.

Insider Buying and Selling at Casey’s General Stores

In other news, insider Chad Michael Frazell sold 3,487 shares of Casey’s General Stores stock in a transaction on Monday, September 29th. The stock was sold at an average price of $555.40, for a total transaction of $1,936,679.80. Following the completion of the sale, the insider directly owned 7,993 shares in the company, valued at approximately $4,439,312.20. This trade represents a 30.37% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.54% of the company’s stock.

Casey’s General Stores Stock Down 1.3%

Shares of NASDAQ CASY opened at $547.54 on Friday. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.05 and a quick ratio of 0.65. The company has a market cap of $20.30 billion, a P/E ratio of 33.67 and a beta of 0.65. Casey’s General Stores, Inc. has a 1 year low of $372.08 and a 1 year high of $573.76. The firm has a 50-day simple moving average of $547.38 and a two-hundred day simple moving average of $527.79.

Casey’s General Stores (NASDAQ:CASY) last released its earnings results on Tuesday, December 9th. The company reported $5.53 EPS for the quarter, beating analysts’ consensus estimates of $4.92 by $0.61. Casey’s General Stores had a return on equity of 16.89% and a net margin of 3.58%.The firm had revenue of $4.51 billion for the quarter, compared to analysts’ expectations of $4.51 billion. During the same quarter in the prior year, the firm posted $4.85 earnings per share. The company’s quarterly revenue was up 14.2% on a year-over-year basis. Research analysts anticipate that Casey’s General Stores, Inc. will post 13.94 earnings per share for the current year.

Casey’s General Stores Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 13th. Shareholders of record on Sunday, February 1st will be paid a $0.57 dividend. The ex-dividend date is Friday, January 30th. This represents a $2.28 dividend on an annualized basis and a yield of 0.4%. Casey’s General Stores’s dividend payout ratio (DPR) is presently 14.02%.

Casey’s General Stores Company Profile

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.