American Century Companies Inc. Has $63.36 Million Holdings in Casey's General Stores, Inc. $CASY

Key Points

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American Century Companies Inc. boosted its position in shares of Casey's General Stores, Inc. (NASDAQ:CASY - Free Report) by 4.2% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 145,979 shares of the company's stock after purchasing an additional 5,866 shares during the period. American Century Companies Inc. owned about 0.39% of Casey's General Stores worth $63,361,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Versant Capital Management Inc bought a new position in Casey's General Stores during the 1st quarter worth about $25,000. Global Financial Private Client LLC increased its holdings in Casey's General Stores by 325.0% during the 1st quarter. Global Financial Private Client LLC now owns 68 shares of the company's stock worth $30,000 after purchasing an additional 52 shares in the last quarter. Iron Horse Wealth Management LLC increased its holdings in Casey's General Stores by 40.0% during the 1st quarter. Iron Horse Wealth Management LLC now owns 91 shares of the company's stock worth $40,000 after purchasing an additional 26 shares in the last quarter. Whipplewood Advisors LLC increased its holdings in Casey's General Stores by 160.0% during the 1st quarter. Whipplewood Advisors LLC now owns 117 shares of the company's stock worth $51,000 after purchasing an additional 72 shares in the last quarter. Finally, Wayfinding Financial LLC bought a new position in Casey's General Stores during the 1st quarter worth about $59,000. Institutional investors own 85.63% of the company's stock.

Casey's General Stores Stock Performance

Casey's General Stores stock traded down $6.92 during midday trading on Friday, reaching $503.26. 301,761 shares of the company's stock were exchanged, compared to its average volume of 229,882. Casey's General Stores, Inc. has a 52 week low of $350.52 and a 52 week high of $531.24. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.48 and a current ratio of 0.92. The firm has a market cap of $18.71 billion, a price-to-earnings ratio of 34.38 and a beta of 0.69. The stock's 50-day simple moving average is $515.09 and its 200 day simple moving average is $463.23.

Casey's General Stores (NASDAQ:CASY - Get Free Report) last posted its quarterly earnings results on Monday, June 9th. The company reported $2.63 EPS for the quarter, topping analysts' consensus estimates of $1.94 by $0.69. Casey's General Stores had a return on equity of 16.28% and a net margin of 3.43%.The business had revenue of $3.99 billion during the quarter, compared to analysts' expectations of $3.95 billion. During the same quarter last year, the company posted $2.34 earnings per share. Casey's General Stores's quarterly revenue was up 10.9% on a year-over-year basis. On average, 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 firm also recently declared a quarterly dividend, which was paid on Friday, August 15th. Investors of record on Friday, August 1st were issued a dividend of $0.57 per share. The ex-dividend date was Friday, August 1st. This is an increase from Casey's General Stores's previous quarterly dividend of $0.50. This represents a $2.28 dividend on an annualized basis and a yield of 0.5%. Casey's General Stores's dividend payout ratio is 15.57%.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. Royal Bank Of Canada increased their target price on Casey's General Stores from $468.00 to $542.00 and gave the stock a "sector perform" rating in a report on Wednesday, July 9th. Wells Fargo & Company raised their price objective on Casey's General Stores from $460.00 to $540.00 and gave the company an "overweight" rating in a report on Wednesday, June 11th. KeyCorp raised their price objective on Casey's General Stores from $550.00 to $575.00 and gave the company an "overweight" rating in a report on Friday, July 25th. BMO Capital Markets raised their price objective on 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. Finally, Stephens restated an "overweight" rating and issued a $490.00 price objective on shares of Casey's General Stores in a report on Tuesday, June 10th. Eight investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Casey's General Stores presently has an average rating of "Moderate Buy" and an average price target of $467.33.

Insider Buying and Selling at Casey's General Stores

In related news, CEO Darren M. Rebelez sold 20,000 shares of Casey's General Stores stock in a transaction dated Tuesday, June 17th. The stock was sold at an average price of $507.83, for a total transaction of $10,156,600.00. Following the completion of the transaction, the chief executive officer owned 89,840 shares in the company, valued at approximately $45,623,447.20. This trade represents a 18.21% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Stephen P. Bramlage, Jr. sold 8,478 shares of the firm's stock in a transaction that occurred on Tuesday, June 17th. The stock was sold at an average price of $509.21, for a total transaction of $4,317,082.38. Following the sale, the chief financial officer owned 26,754 shares of the company's stock, valued at $13,623,404.34. This trade represents a 24.06% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 43,646 shares of company stock valued at $22,136,614 in the last three months. Corporate insiders own 0.54% of the company's stock.

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.