ABN Amro Investment Solutions Purchases New Shares in Casey’s General Stores, Inc. $CASY

ABN Amro Investment Solutions acquired a new stake in Casey’s General Stores, Inc. (NASDAQ:CASY) during the first quarter, HoldingsChannel reports. The firm acquired 1,354 shares of the company’s stock, valued at approximately $986,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Whipplewood Advisors LLC purchased a new position in shares of Casey’s General Stores in the 1st quarter valued at approximately $33,000. ORG Partners LLC increased its holdings in shares of Casey’s General Stores by 47.6% in the fourth quarter. ORG Partners LLC now owns 62 shares of the company’s stock valued at $34,000 after purchasing an additional 20 shares during the period. Western Pacific Wealth Management LP purchased a new stake in shares of Casey’s General Stores during the first quarter worth approximately $52,000. Larson Financial Group LLC raised its stake in shares of Casey’s General Stores by 252.4% during the fourth quarter. Larson Financial Group LLC now owns 74 shares of the company’s stock worth $41,000 after purchasing an additional 53 shares during the last quarter. Finally, Elyxium Wealth LLC acquired a new stake in shares of Casey’s General Stores during the fourth quarter worth $43,000. 85.63% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

CASY has been the topic of several recent research reports. UBS Group boosted their price objective on shares of Casey’s General Stores from $805.00 to $945.00 and gave the company a “neutral” rating in a research note on Thursday, June 11th. Zacks Research cut shares of Casey’s General Stores from a “strong-buy” rating to a “hold” rating in a research note on Friday, June 5th. Wolfe Research reaffirmed an “outperform” rating and issued a $1,069.00 target price on shares of Casey’s General Stores in a report on Thursday, June 11th. Stephens set a $975.00 price target on shares of Casey’s General Stores and gave the stock an “overweight” rating in a research note on Friday, June 12th. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $1,000.00 price target on shares of Casey’s General Stores in a report on Monday, June 15th. Fourteen research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Casey’s General Stores has a consensus rating of “Moderate Buy” and an average target price of $940.00.

Insider Buying and Selling at Casey’s General Stores

In other news, Director Allison M. Wing sold 530 shares of Casey’s General Stores stock in a transaction on Wednesday, July 8th. The stock was sold at an average price of $837.58, for a total value of $443,917.40. Following the completion of the sale, the director owned 3,042 shares of the company’s stock, valued at $2,547,918.36. The trade was a 14.84% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Chad Michael Frazell sold 3,013 shares of the stock in a transaction dated Tuesday, June 30th. The stock was sold at an average price of $787.49, for a total value of $2,372,707.37. Following the transaction, the insider owned 9,823 shares in the company, valued at $7,735,514.27. This trade represents a 23.47% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 30,243 shares of company stock valued at $24,421,877. 0.54% of the stock is owned by company insiders.

Casey’s General Stores Stock Performance

NASDAQ:CASY opened at $861.63 on Friday. The company has a current ratio of 1.01, a quick ratio of 0.60 and a debt-to-equity ratio of 0.59. The company has a market capitalization of $31.89 billion, a P/E ratio of 44.97, a price-to-earnings-growth ratio of 2.58 and a beta of 0.62. The firm has a 50-day moving average price of $821.67 and a two-hundred day moving average price of $742.33. Casey’s General Stores, Inc. has a twelve month low of $490.00 and a twelve month high of $927.85.

Casey’s General Stores (NASDAQ:CASY) last issued its quarterly earnings data on Tuesday, June 9th. The company reported $4.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.31 by $1.06. The firm had revenue of $4.57 billion during the quarter, compared to the consensus estimate of $4.33 billion. Casey’s General Stores had a return on equity of 18.73% and a net margin of 4.07%.The company’s quarterly revenue was up 14.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.63 EPS. As a group, research analysts expect that Casey’s General Stores, Inc. will post 21.14 earnings per share for the current fiscal year.

Casey’s General Stores Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 14th. Stockholders of record on Saturday, August 1st will be given a $0.65 dividend. This is an increase from Casey’s General Stores’s previous quarterly dividend of $0.57. This represents a $2.60 annualized dividend and a dividend yield of 0.3%. The ex-dividend date is Friday, July 31st. Casey’s General Stores’s dividend payout ratio (DPR) is currently 11.90%.

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.