Casey's General Stores, Inc. (NASDAQ:CASY) Shares Purchased by Carnegie Investment Counsel

Carnegie Investment Counsel increased its position in Casey's General Stores, Inc. (NASDAQ:CASY - Free Report) by 12.6% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 44,625 shares of the company's stock after acquiring an additional 4,991 shares during the period. Carnegie Investment Counsel owned about 0.12% of Casey's General Stores worth $18,654,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Natixis lifted its position in shares of Casey's General Stores by 21.9% in the fourth quarter. Natixis now owns 8,337 shares of the company's stock valued at $3,303,000 after acquiring an additional 1,499 shares in the last quarter. Scholtz & Company LLC purchased a new position in shares of Casey's General Stores in the fourth quarter worth $2,375,000. CenterBook Partners LP bought a new position in shares of Casey's General Stores during the fourth quarter worth $1,079,000. Integrated Wealth Concepts LLC increased its holdings in Casey's General Stores by 50.2% in the 4th quarter. Integrated Wealth Concepts LLC now owns 2,592 shares of the company's stock valued at $1,027,000 after acquiring an additional 866 shares during the last quarter. Finally, Security National Bank lifted its stake in Casey's General Stores by 9.7% in the 1st quarter. Security National Bank now owns 5,674 shares of the company's stock worth $2,463,000 after purchasing an additional 504 shares in the last quarter. Hedge funds and other institutional investors own 85.63% of the company's stock.

Insider Transactions at Casey's General Stores

In related news, CFO Stephen P. Bramlage, Jr. sold 8,478 shares of the firm's stock in a transaction dated 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Darren M. Rebelez sold 20,000 shares of the stock in a transaction dated Tuesday, June 17th. The shares were sold at an average price of $507.83, for a total transaction of $10,156,600.00. Following the sale, the chief executive officer directly owned 89,840 shares of the company's stock, valued at approximately $45,623,447.20. The trade was a 18.21% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 43,646 shares of company stock worth $22,136,614. Company insiders own 0.56% of the company's stock.

Casey's General Stores Trading Up 0.3%

NASDAQ:CASY traded up $1.45 during midday trading on Friday, hitting $527.51. The stock had a trading volume of 280,314 shares, compared to its average volume of 291,770. The stock has a 50-day moving average of $491.40 and a 200 day moving average of $447.80. The company has a market capitalization of $19.61 billion, a price-to-earnings ratio of 36.03 and a beta of 0.69. Casey's General Stores, Inc. has a one year low of $350.52 and a one year high of $531.24. 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 (NASDAQ:CASY - Get Free Report) last released its quarterly earnings data on Monday, June 9th. The company reported $2.63 earnings per share for the quarter, beating the consensus estimate 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 firm had revenue of $3.99 billion during the quarter, compared to the consensus estimate of $3.95 billion. During the same period in the previous year, the company posted $2.34 earnings per share. The firm's quarterly revenue was up 10.9% on a year-over-year basis. As a group, sell-side analysts forecast that Casey's General Stores, Inc. will post 13.94 EPS for the current year.

Casey's General Stores Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 15th. Stockholders of record on Friday, August 1st will be paid a dividend of $0.57 per share. The ex-dividend date is 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 dividend yield of 0.43%. Casey's General Stores's dividend payout ratio (DPR) is currently 15.57%.

Analyst Upgrades and Downgrades

CASY has been the topic of several recent research reports. Evercore ISI upped their price objective on Casey's General Stores from $450.00 to $460.00 and gave the stock an "outperform" rating in a report on Tuesday, April 1st. Royal Bank Of Canada boosted their target price on shares of 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. Stephens reissued an "overweight" rating and set a $490.00 price objective on shares of Casey's General Stores in a research note on Tuesday, June 10th. BMO Capital Markets upped their price objective on Casey's General Stores from $450.00 to $515.00 and gave the company a "market perform" rating in a research report on Wednesday, June 11th. Finally, KeyCorp lifted their target price on Casey's General Stores from $550.00 to $575.00 and gave the stock an "overweight" rating in a report on Friday. One investment analyst has rated the stock with a sell rating, three have given a hold rating and nine have given a buy rating to the company's stock. According to data from MarketBeat, Casey's General Stores presently has a consensus rating of "Moderate Buy" and a consensus price target of $467.33.

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.