Fulton Bank N.A. Invests $244,000 in Casey's General Stores, Inc. (NASDAQ:CASY)

Fulton Bank N.A. acquired a new stake in shares of Casey's General Stores, Inc. (NASDAQ:CASY - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 563 shares of the company's stock, valued at approximately $244,000.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its stake in Casey's General Stores by 1.2% in the 4th quarter. Vanguard Group Inc. now owns 3,799,104 shares of the company's stock worth $1,505,319,000 after buying an additional 44,295 shares during the last quarter. T. Rowe Price Investment Management Inc. lifted its stake in shares of Casey's General Stores by 1.8% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 1,776,323 shares of the company's stock valued at $703,833,000 after purchasing an additional 31,131 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in shares of Casey's General Stores by 18.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 758,804 shares of the company's stock valued at $285,090,000 after purchasing an additional 119,350 shares in the last quarter. Franklin Resources Inc. lifted its stake in shares of Casey's General Stores by 29.5% in the 4th quarter. Franklin Resources Inc. now owns 678,778 shares of the company's stock valued at $268,952,000 after purchasing an additional 154,541 shares in the last quarter. Finally, Raymond James Financial Inc. acquired a new position in shares of Casey's General Stores in the 4th quarter valued at about $236,500,000. 85.63% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

CASY has been the topic of several research analyst reports. KeyCorp initiated coverage on Casey's General Stores in a research note on Friday, April 11th. They issued an "overweight" rating and a $500.00 price objective on the stock. Stephens raised Casey's General Stores to a "strong-buy" rating in a research note on Monday, April 7th. Wall Street Zen lowered Casey's General Stores from a "buy" rating to a "hold" rating in a research note on Friday, May 30th. Gordon Haskett raised Casey's General Stores from a "hold" rating to a "buy" rating in a research note on Thursday, February 13th. Finally, Evercore ISI lifted their price objective on Casey's General Stores from $450.00 to $460.00 and gave the company an "outperform" rating in a research note on Tuesday, April 1st. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, eight have assigned a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat.com, Casey's General Stores has a consensus rating of "Moderate Buy" and an average target price of $430.33.

Casey's General Stores Stock Down 0.4%

Shares of NASDAQ:CASY traded down $1.65 during mid-day trading on Friday, hitting $444.04. 403,585 shares of the company traded hands, compared to its average volume of 299,708. The firm has a market cap of $16.48 billion, a P/E ratio of 30.94, a PEG ratio of 2.40 and a beta of 0.65. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.49 and a current ratio of 0.88. Casey's General Stores, Inc. has a 52-week low of $322.78 and a 52-week high of $474.97. The firm's 50 day simple moving average is $447.69 and its 200 day simple moving average is $424.07.

Casey's General Stores (NASDAQ:CASY - Get Free Report) last posted its quarterly earnings data on Tuesday, March 11th. The company reported $2.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.76 by $0.57. Casey's General Stores had a return on equity of 17.17% and a net margin of 3.57%. The company had revenue of $3.90 billion for the quarter, compared to the consensus estimate of $3.74 billion. During the same period in the previous year, the business earned $2.33 EPS. Casey's General Stores's revenue for the quarter was up 17.2% compared to the same quarter last year. On average, equities analysts anticipate that Casey's General Stores, Inc. will post 13.94 EPS for the current year.

Insiders Place Their Bets

In other Casey's General Stores news, insider Katrina S. Lindsey sold 250 shares of Casey's General Stores stock in a transaction that occurred on Friday, April 4th. The stock was sold at an average price of $437.01, for a total transaction of $109,252.50. Following the sale, the insider now directly owns 2,443 shares in the company, valued at $1,067,615.43. The trade was a 9.28% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Mike Spanos acquired 256 shares of the company's stock in a transaction on Thursday, March 13th. The shares were acquired at an average price of $390.54 per share, for a total transaction of $99,978.24. Following the completion of the acquisition, the director now directly owns 3,356 shares in the company, valued at $1,310,652.24. The trade was a 8.26% increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.56% of the stock is owned by company insiders.

About Casey's General Stores

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.