3,930 Shares in Casey's General Stores, Inc. $CASY Acquired by Union Heritage Capital LLC

Key Points

• Union Heritage Capital acquired 3,930 Casey’s General Stores shares worth approximately $2.86 million during the first quarter. Institutional investors collectively own 85.63% of the company.
• Analyst sentiment remains positive, with 14 Buy ratings and six Holds, producing a consensus “Moderate Buy” rating and an average price target of $944.20.
• Casey’s reported quarterly EPS of $4.37, beating estimates by $1.06, while revenue rose 14.5% year over year to $4.57 billion. The company also raised its quarterly dividend to $0.65 per share.

Union Heritage Capital LLC purchased a new position in Casey's General Stores, Inc. (NASDAQ:CASY - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 3,930 shares of the company's stock, valued at approximately $2,860,000.

Several other institutional investors also recently modified their holdings of the stock. Kathmere Capital Management LLC grew its holdings in shares of Casey's General Stores by 3.5% in the 1st quarter. Kathmere Capital Management LLC now owns 387 shares of the company's stock worth $282,000 after acquiring an additional 13 shares during the last quarter. Pinnacle Bancorp Inc. lifted its holdings in shares of Casey's General Stores by 4.8% during the first quarter. Pinnacle Bancorp Inc. now owns 303 shares of the company's stock valued at $221,000 after purchasing an additional 14 shares during the last quarter. Menard Financial Group LLC lifted its holdings in shares of Casey's General Stores by 1.2% during the fourth quarter. Menard Financial Group LLC now owns 1,267 shares of the company's stock valued at $700,000 after purchasing an additional 15 shares during the last quarter. Cibc World Market Inc. boosted its position in shares of Casey's General Stores by 0.3% in the 4th quarter. Cibc World Market Inc. now owns 5,136 shares of the company's stock valued at $2,839,000 after purchasing an additional 16 shares during the period. Finally, FSB Premier Wealth Management Inc. boosted its position in shares of Casey's General Stores by 0.8% in the 4th quarter. FSB Premier Wealth Management Inc. now owns 2,338 shares of the company's stock valued at $1,292,000 after purchasing an additional 18 shares during the period. Institutional investors own 85.63% of the company's stock.

Insider Buying and Selling at Casey's General Stores

In related news, Director Allison M. Wing sold 530 shares of the firm's stock in a transaction that occurred on Wednesday, July 8th. The shares were sold at an average price of $837.58, for a total transaction of $443,917.40. Following the transaction, the director owned 3,042 shares of the company's stock, valued at approximately $2,547,918.36. This trade represents a 14.84% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Katrina S. Lindsey sold 2,000 shares of the firm's stock in a transaction that occurred on Monday, June 29th. The shares were sold at an average price of $800.00, for a total transaction of $1,600,000.00. Following the transaction, the insider directly owned 6,668 shares in the company, valued at approximately $5,334,400. The trade was a 23.07% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 30,243 shares of company stock worth $24,421,877 over the last quarter. Insiders own 0.67% of the company's stock.

Analyst Ratings Changes

Several research firms have issued reports on CASY. JPMorgan Chase & Co. boosted their price objective on Casey's General Stores from $719.00 to $975.00 and gave the stock a "neutral" rating in a report on Friday, June 12th. Morgan Stanley upgraded shares of Casey's General Stores to a "buy" rating in a report on Wednesday, June 10th. Deutsche Bank Aktiengesellschaft reissued a "buy" rating and issued a $1,000.00 target price on shares of Casey's General Stores in a research report on Monday, June 15th. Wells Fargo & Company boosted their price target on shares of Casey's General Stores from $910.00 to $960.00 and gave the company an "overweight" rating in a report on Thursday, June 11th. Finally, Royal Bank Of Canada restated a "sector perform" rating and issued a $913.00 price target on shares of Casey's General Stores in a research report on Wednesday. Fourteen research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat, Casey's General Stores currently has a consensus rating of "Moderate Buy" and a consensus target price of $944.20.

Casey's General Stores Trading Up 0.0%

Casey's General Stores stock opened at $867.50 on Friday. Casey's General Stores, Inc. has a 12 month low of $490.00 and a 12 month high of $927.85. 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 stock has a market cap of $32.11 billion, a P/E ratio of 45.28, a P/E/G ratio of 2.60 and a beta of 0.62. The company's fifty day simple moving average is $822.86 and its 200-day simple moving average is $751.53.

Casey's General Stores (NASDAQ:CASY - Get Free Report) last announced 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. Casey's General Stores had a return on equity of 18.73% and a net margin of 4.07%.The business had revenue of $4.57 billion during the quarter, compared to analyst estimates of $4.33 billion. During the same period last year, the company earned $2.63 earnings per share. Casey's General Stores's quarterly revenue was up 14.5% compared to the same quarter last year. As a group, sell-side analysts forecast that Casey's General Stores, Inc. will post 21.14 EPS for the current fiscal year.

Casey's General Stores Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, August 14th. Stockholders of record on Saturday, August 1st will be paid a dividend of $0.65 per share. This is a boost from Casey's General Stores's previous quarterly dividend of $0.57. The ex-dividend date of this dividend is Friday, July 31st. This represents a $2.60 dividend on an annualized basis and a dividend yield of 0.3%. Casey's General Stores's dividend payout ratio (DPR) is 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.

Want to see what other hedge funds are holding CASY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Casey's General Stores, Inc. (NASDAQ:CASY - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.