Corient Private Wealth LLC Has $117.87 Million Stock Position in Casey’s General Stores, Inc. $CASY

Corient Private Wealth LLC lifted its holdings in Casey’s General Stores, Inc. (NASDAQ:CASY) by 8.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 212,920 shares of the company’s stock after purchasing an additional 16,657 shares during the period. Corient Private Wealth LLC owned 0.57% of Casey’s General Stores worth $117,872,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the business. Union Savings Bank acquired a new stake in shares of Casey’s General Stores in the fourth quarter worth about $550,000. Hsbc Holdings PLC bought a new position in shares of Casey’s General Stores in the 4th quarter valued at approximately $2,051,000. Stenger Family Office LLC lifted its holdings in Casey’s General Stores by 233.3% in the 4th quarter. Stenger Family Office LLC now owns 1,743 shares of the company’s stock worth $963,000 after purchasing an additional 1,220 shares during the last quarter. Banque Transatlantique SA boosted its position in Casey’s General Stores by 9.2% during the fourth quarter. Banque Transatlantique SA now owns 16,579 shares of the company’s stock worth $9,164,000 after purchasing an additional 1,401 shares during the period. Finally, MidFirst Bank acquired a new position in Casey’s General Stores during the fourth quarter valued at approximately $549,000. 85.63% of the stock is owned by institutional investors and hedge funds.

Casey’s General Stores Stock Performance

Shares of CASY opened at $842.25 on Friday. The stock’s 50-day moving average price is $812.00 and its 200 day moving average price is $695.95. The company has a quick ratio of 0.60, a current ratio of 1.01 and a debt-to-equity ratio of 0.59. The firm has a market capitalization of $31.13 billion, a price-to-earnings ratio of 43.96, a P/E/G ratio of 2.55 and a beta of 0.61. Casey’s General Stores, Inc. has a 12-month low of $490.00 and a 12-month high of $927.85.

Casey’s General Stores (NASDAQ:CASY) last announced its quarterly earnings data on Tuesday, June 9th. The company reported $4.37 earnings per share for the quarter, topping the consensus estimate of $3.31 by $1.06. The company had revenue of $4.57 billion for the quarter, compared to analyst estimates of $4.33 billion. Casey’s General Stores had a return on equity of 18.73% and a net margin of 4.07%.Casey’s General Stores’s revenue for the quarter was up 14.5% compared to the same quarter last year. During the same quarter last year, the firm earned $2.63 EPS. As a group, research analysts predict that Casey’s General Stores, Inc. will post 20.9 earnings per share for the current year.

Casey’s General Stores Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 14th. Stockholders of record on Saturday, August 1st will be issued a dividend of $0.65 per share. This represents a $2.60 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date of this dividend is Friday, July 31st. This is a positive change from Casey’s General Stores’s previous quarterly dividend of $0.57. Casey’s General Stores’s payout ratio is 11.90%.

Analysts Set New Price Targets

Several research firms recently issued reports on CASY. Zacks Research downgraded shares of Casey’s General Stores from a “strong-buy” rating to a “hold” rating in a report on Friday, June 5th. KeyCorp raised their price target on Casey’s General Stores from $950.00 to $970.00 and gave the company an “overweight” rating in a research report on Thursday, June 11th. BMO Capital Markets lifted their price objective on Casey’s General Stores from $700.00 to $950.00 and gave the stock a “market perform” rating in a research note on Thursday, June 11th. Royal Bank Of Canada increased their target price on Casey’s General Stores from $792.00 to $794.00 and gave the company a “sector perform” rating in a research note on Wednesday, June 10th. Finally, Jefferies Financial Group lifted their price target on Casey’s General Stores from $700.00 to $780.00 and gave the stock a “buy” rating in a research report on Tuesday, March 10th. Eleven research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. According to MarketBeat.com, Casey’s General Stores presently has an average rating of “Moderate Buy” and a consensus price target of $925.25.

Casey’s General Stores 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.