Amalgamated Bank Cuts Stock Holdings in Casey's General Stores, Inc. (NASDAQ:CASY)

Amalgamated Bank cut its holdings in Casey's General Stores, Inc. (NASDAQ:CASY - Free Report) by 3.3% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 17,120 shares of the company's stock after selling 584 shares during the period. Amalgamated Bank's holdings in Casey's General Stores were worth $7,431,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in CASY. Versant Capital Management Inc purchased a new position in shares of Casey's General Stores in the first quarter worth $25,000. Global Financial Private Client LLC grew its holdings in Casey's General Stores by 325.0% in the 1st quarter. Global Financial Private Client LLC now owns 68 shares of the company's stock worth $30,000 after acquiring an additional 52 shares during the last quarter. Whipplewood Advisors LLC grew its holdings in Casey's General Stores by 160.0% in the 1st quarter. Whipplewood Advisors LLC now owns 117 shares of the company's stock worth $51,000 after acquiring an additional 72 shares during the last quarter. Heck Capital Advisors LLC purchased a new position in shares of Casey's General Stores in the fourth quarter valued at about $79,000. Finally, Point72 Hong Kong Ltd bought a new position in shares of Casey's General Stores during the fourth quarter valued at about $87,000. 85.63% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, Director Mike Spanos acquired 200 shares of the stock in a transaction on Monday, June 30th. The stock was acquired at an average price of $503.18 per share, for a total transaction of $100,636.00. Following the completion of the purchase, the director owned 3,560 shares of the company's stock, valued at $1,791,320.80. This represents a 5.95% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Darren M. Rebelez sold 20,000 shares of the business's stock in a transaction on Tuesday, June 17th. The stock was sold at an average price of $507.83, for a total value of $10,156,600.00. Following the completion of the sale, the chief executive officer directly owned 89,840 shares in the company, valued at $45,623,447.20. This trade represents a 18.21% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 43,896 shares of company stock worth $22,245,866 over the last three months. Corporate insiders own 0.56% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on CASY. The Goldman Sachs Group raised their target price on Casey's General Stores from $385.00 to $450.00 and gave the stock a "neutral" rating in a research note on Wednesday, June 11th. KeyCorp lifted their price objective on Casey's General Stores from $500.00 to $550.00 and gave the stock an "overweight" rating in a research report on Wednesday, June 11th. BMO Capital Markets lifted their price target on shares of Casey's General Stores from $450.00 to $515.00 and gave the company a "market perform" rating in a report on Wednesday, June 11th. Wells Fargo & Company boosted their price objective on shares of Casey's General Stores from $460.00 to $540.00 and gave the company an "overweight" rating in a research report on Wednesday, June 11th. Finally, Wall Street Zen upgraded shares of Casey's General Stores from a "hold" rating to a "buy" rating in a report on Saturday, June 14th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $453.00.

Casey's General Stores Stock Up 0.7%

Shares of CASY stock traded up $3.67 during mid-day trading on Thursday, reaching $514.59. 56,706 shares of the company's stock traded hands, compared to its average volume of 301,732. The company's 50-day moving average price is $468.38 and its 200-day moving average price is $434.09. The company has a market cap of $19.13 billion, a P/E ratio of 35.17, a P/E/G ratio of 2.56 and a beta of 0.69. The company has a quick ratio of 0.48, a current ratio of 0.92 and a debt-to-equity ratio of 0.69. Casey's General Stores, Inc. has a 12 month low of $350.52 and a 12 month high of $515.43.

Casey's General Stores (NASDAQ:CASY - Get Free Report) last posted its quarterly earnings data on Monday, June 9th. The company reported $2.63 EPS for the quarter, topping the consensus estimate of $1.94 by $0.69. The business had revenue of $3.99 billion for the quarter, compared to analyst estimates of $3.95 billion. Casey's General Stores had a net margin of 3.43% and a return on equity of 16.28%. Casey's General Stores's quarterly revenue was up 10.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.34 earnings per share. On average, equities analysts expect that Casey's General Stores, Inc. will post 13.94 earnings per share for the current fiscal year.

Casey's General Stores Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, August 15th. Stockholders of record on Friday, August 1st will be given a $0.57 dividend. This is a boost from Casey's General Stores's previous quarterly dividend of $0.50. This represents a $2.28 dividend on an annualized basis and a dividend yield of 0.44%. The ex-dividend date is Friday, August 1st. Casey's General Stores's payout ratio is currently 13.66%.

Casey's General Stores Profile

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.