Koshinski Asset Management Inc. boosted its holdings in shares of Casey's General Stores, Inc. (NASDAQ:CASY - Free Report) by 110.9% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,573 shares of the company's stock after acquiring an additional 827 shares during the period. Koshinski Asset Management Inc.'s holdings in Casey's General Stores were worth $683,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors and hedge funds have also modified their holdings of the company. Raymond James Financial Inc. bought a new position in Casey's General Stores in the fourth quarter valued at approximately $236,500,000. GAMMA Investing LLC lifted its position in Casey's General Stores by 54,448.8% in the 1st quarter. GAMMA Investing LLC now owns 543,852 shares of the company's stock valued at $236,054,000 after acquiring an additional 542,855 shares in the last quarter. Norges Bank bought a new stake in Casey's General Stores in the 4th quarter valued at $175,607,000. Wellington Management Group LLP boosted its stake in Casey's General Stores by 160.1% in the 4th quarter. Wellington Management Group LLP now owns 428,201 shares of the company's stock worth $169,666,000 after purchasing an additional 263,545 shares during the period. Finally, Franklin Resources Inc. increased its holdings in Casey's General Stores by 29.5% during the 4th quarter. Franklin Resources Inc. now owns 678,778 shares of the company's stock worth $268,952,000 after purchasing an additional 154,541 shares in the last quarter. 85.63% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
CASY has been the topic of a number of research reports. Wall Street Zen upgraded Casey's General Stores from a "hold" rating to a "buy" rating in a report on Saturday, June 14th. Evercore ISI lifted their price target on shares of 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. Wells Fargo & Company increased their price objective on shares of Casey's General Stores from $460.00 to $540.00 and gave the stock an "overweight" rating in a research note on Wednesday, June 11th. The Goldman Sachs Group raised their price objective on Casey's General Stores from $385.00 to $450.00 and gave the company a "neutral" rating in a report on Wednesday, June 11th. Finally, KeyCorp upped their target price on Casey's General Stores from $500.00 to $550.00 and gave the stock an "overweight" rating in a report on Wednesday, June 11th. One analyst has rated the stock with a sell rating, three have given a hold rating and ten have issued a buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $453.00.
Check Out Our Latest Research Report on Casey's General Stores
Insider Buying and Selling
In related news, insider Thomas P. Brennan, Jr. sold 6,600 shares of Casey's General Stores stock in a transaction dated Monday, June 16th. The shares were sold at an average price of $506.03, for a total transaction of $3,339,798.00. Following the completion of the sale, the insider owned 2,100 shares of the company's stock, valued at approximately $1,062,663. The trade was a 75.86% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Darren M. Rebelez sold 20,000 shares of the company's 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 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 position. The disclosure for this sale can be found here. Over the last three months, insiders sold 43,136 shares of company stock valued at $21,860,121. 0.56% of the stock is currently owned by insiders.
Casey's General Stores Trading Up 0.1%
Casey's General Stores stock opened at $510.92 on Thursday. 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 stock has a 50-day simple moving average of $468.38 and a 200 day simple moving average of $434.09. The stock has a market capitalization of $19.00 billion, a P/E ratio of 34.90, a PEG ratio of 2.56 and a beta of 0.69. Casey's General Stores, Inc. has a 52 week low of $350.52 and a 52 week high of $514.32.
Casey's General Stores (NASDAQ:CASY - Get Free Report) last posted its earnings results on Monday, June 9th. The company reported $2.63 earnings per share 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 for the quarter, compared to analyst estimates of $3.95 billion. During the same period in the previous year, the firm earned $2.34 EPS. The firm's revenue was up 10.9% compared to the same quarter last year. Analysts expect that Casey's General Stores, Inc. will post 13.94 earnings per share for the current year.
Casey's General Stores Increases Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 15th. Shareholders of record on Friday, August 1st will be issued a $0.57 dividend. This is an increase from Casey's General Stores's previous quarterly dividend of $0.50. This represents a $2.28 annualized dividend and a dividend yield of 0.45%. The ex-dividend date is Friday, August 1st. Casey's General Stores's payout ratio is currently 13.66%.
About Casey's General Stores
(
Free Report)
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.
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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).
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