AE Wealth Management LLC Buys 1,162 Shares of Casey’s General Stores, Inc. $CASY

AE Wealth Management LLC raised its stake in Casey’s General Stores, Inc. (NASDAQ:CASY) by 82.3% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 2,574 shares of the company’s stock after buying an additional 1,162 shares during the period. AE Wealth Management LLC’s holdings in Casey’s General Stores were worth $1,456,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of CASY. Steph & Co. boosted its holdings in shares of Casey’s General Stores by 2.2% during the 3rd quarter. Steph & Co. now owns 819 shares of the company’s stock valued at $463,000 after acquiring an additional 18 shares in the last quarter. LifeWealth Investments LLC grew its holdings in Casey’s General Stores by 2.1% during the 3rd quarter. LifeWealth Investments LLC now owns 858 shares of the company’s stock worth $485,000 after acquiring an additional 18 shares during the last quarter. AdvisorNet Financial Inc increased its position in Casey’s General Stores by 2.8% in the 3rd quarter. AdvisorNet Financial Inc now owns 724 shares of the company’s stock valued at $409,000 after acquiring an additional 20 shares during the period. Valmark Advisers Inc. increased its position in Casey’s General Stores by 0.5% in the 2nd quarter. Valmark Advisers Inc. now owns 4,404 shares of the company’s stock valued at $2,247,000 after acquiring an additional 21 shares during the period. Finally, Panagora Asset Management Inc. raised its stake in shares of Casey’s General Stores by 0.5% during the second quarter. Panagora Asset Management Inc. now owns 4,147 shares of the company’s stock valued at $2,116,000 after acquiring an additional 21 shares during the last quarter. 85.63% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on CASY. Northcoast Research cut shares of Casey’s General Stores from a “buy” rating to a “neutral” rating in a research note on Wednesday, January 21st. UBS Group reaffirmed a “neutral” rating on shares of Casey’s General Stores in a research report on Thursday, December 11th. Wall Street Zen lowered Casey’s General Stores from a “buy” rating to a “hold” rating in a research report on Saturday. Royal Bank Of Canada reissued a “sector perform” rating and issued a $662.00 price objective on shares of Casey’s General Stores in a research note on Friday, January 23rd. Finally, Exane BNP Paribas initiated coverage on shares of Casey’s General Stores in a research report on Tuesday, January 20th. They set an “outperform” rating on the stock. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $624.09.

Casey’s General Stores Trading Up 3.2%

Shares of CASY opened at $625.86 on Tuesday. The business’s 50-day moving average price is $581.30 and its 200-day moving average price is $549.69. The company has a quick ratio of 0.65, a current ratio of 1.05 and a debt-to-equity ratio of 0.62. Casey’s General Stores, Inc. has a twelve month low of $372.08 and a twelve month high of $647.99. The stock has a market cap of $23.20 billion, a PE ratio of 38.49, a P/E/G ratio of 2.14 and a beta of 0.67.

Casey’s General Stores (NASDAQ:CASY) last released its quarterly 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 net margin of 3.58% and a return on equity of 16.89%. The firm had revenue of $4.51 billion during the quarter, compared to analyst estimates of $4.51 billion. During the same period in the previous year, the business earned $4.85 EPS. The business’s revenue for the quarter was up 14.2% on a year-over-year basis. On average, equities analysts forecast that Casey’s General Stores, Inc. will post 13.94 EPS for the current fiscal year.

Casey’s General Stores Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 13th. Stockholders of record on Sunday, February 1st will be issued a dividend of $0.57 per share. The ex-dividend date of this dividend is Friday, January 30th. This represents a $2.28 annualized dividend and a dividend yield of 0.4%. Casey’s General Stores’s payout ratio is presently 14.02%.

Insider Buying and Selling at Casey’s General Stores

In other news, Director Moats Maria Castanon acquired 300 shares of the business’s stock in a transaction dated Monday, January 5th. The stock was purchased at an average cost of $554.66 per share, for a total transaction of $166,398.00. Following the acquisition, the director owned 803 shares of the company’s stock, valued at $445,391.98. This trade represents a 59.64% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.54% of the company’s stock.

Casey’s General Stores Company Profile

Casey’s General Stores, Inc (NASDAQ: CASY) is a U.S.-based convenience store chain that operates retail fuel stations and food-focused convenience outlets. Founded in 1959 in Boone, Iowa, the company has grown from a single neighborhood store into a regional operator known for combining traditional convenience retailing—fuel, packaged goods and tobacco—with a larger emphasis on fresh and prepared foods.

The company’s stores typically offer gasoline and diesel alongside a range of grocery essentials, grab-and-go items and made-to-order foodservice.