Segall Bryant & Hamill LLC Grows Holdings in Casey's General Stores, Inc. (NASDAQ:CASY)

Segall Bryant & Hamill LLC increased its position in shares of Casey's General Stores, Inc. (NASDAQ:CASY - Free Report) by 2.0% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 54,403 shares of the company's stock after buying an additional 1,073 shares during the period. Segall Bryant & Hamill LLC owned 0.15% of Casey's General Stores worth $23,613,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in CASY. Swiss National Bank lifted its holdings in Casey's General Stores by 0.7% during the fourth quarter. Swiss National Bank now owns 72,987 shares of the company's stock valued at $28,920,000 after purchasing an additional 500 shares in the last quarter. Commonwealth Equity Services LLC lifted its holdings in Casey's General Stores by 7.9% during the fourth quarter. Commonwealth Equity Services LLC now owns 13,602 shares of the company's stock valued at $5,389,000 after purchasing an additional 999 shares in the last quarter. Envestnet Portfolio Solutions Inc. lifted its holdings in Casey's General Stores by 12.7% during the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 10,572 shares of the company's stock valued at $4,189,000 after purchasing an additional 1,189 shares in the last quarter. Corient Private Wealth LLC lifted its holdings in Casey's General Stores by 30.1% during the fourth quarter. Corient Private Wealth LLC now owns 107,628 shares of the company's stock valued at $42,646,000 after purchasing an additional 24,925 shares in the last quarter. Finally, Harbour Investments Inc. lifted its holdings in Casey's General Stores by 3.1% during the fourth quarter. Harbour Investments Inc. now owns 1,002 shares of the company's stock valued at $397,000 after purchasing an additional 30 shares in the last quarter. 85.63% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on CASY shares. Stephens reissued an "overweight" rating and issued a $490.00 price target on shares of Casey's General Stores in a research note on Tuesday, June 10th. Wall Street Zen upgraded shares of Casey's General Stores from a "hold" rating to a "buy" rating in a research report on Saturday, June 14th. Evercore ISI lifted their price objective on shares of Casey's General Stores from $450.00 to $460.00 and gave the company an "outperform" rating in a report on Tuesday, April 1st. Royal Bank Of Canada lifted their price objective on shares of Casey's General Stores from $468.00 to $542.00 and gave the company a "sector perform" rating in a report on Wednesday, July 9th. Finally, The Goldman Sachs Group lifted their price objective on shares of Casey's General Stores from $385.00 to $450.00 and gave the company a "neutral" rating in a report on Wednesday, June 11th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat, Casey's General Stores presently has a consensus rating of "Moderate Buy" and a consensus price target of $465.25.

Casey's General Stores Stock Up 0.0%

NASDAQ CASY traded up $0.14 on Wednesday, hitting $517.80. 222,717 shares of the stock were exchanged, compared to its average volume of 305,594. 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 fifty-two week low of $350.52 and a fifty-two week high of $546.50. The company has a market cap of $19.25 billion, a PE ratio of 35.37 and a beta of 0.69. The company has a 50-day moving average price of $479.44 and a 200-day moving average price of $441.24.

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 the consensus estimate of $1.94 by $0.69. Casey's General Stores had a net margin of 3.43% and a return on equity of 16.28%. The company had revenue of $3.99 billion during the quarter, compared to analysts' expectations of $3.95 billion. During the same quarter in the previous year, the business posted $2.34 EPS. The firm's revenue was up 10.9% on a year-over-year basis. Sell-side analysts anticipate that Casey's General Stores, Inc. will post 13.94 EPS for the current fiscal year.

Casey's General Stores Increases Dividend

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

Insider Activity at Casey's General Stores

In other news, insider Chad Michael Frazell sold 4,808 shares of the business's stock in a transaction that occurred on Tuesday, June 17th. The shares were sold at an average price of $503.97, for a total transaction of $2,423,087.76. Following the completion of the sale, the insider owned 11,480 shares in the company, valued at approximately $5,785,575.60. The trade was a 29.52% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Stephen P. Bramlage, Jr. sold 8,478 shares of the business'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 represents a 24.06% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 43,646 shares of company stock worth $22,136,614 over the last ninety days. 0.56% of the stock is currently owned by insiders.

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.