Vanguard Personalized Indexing Management LLC Raises Stock Holdings in Casey's General Stores, Inc. $CASY

Key Points

• Vanguard Personalized Indexing Management LLC increased its holdings in Casey's General Stores by 10% during the second quarter, owning 6,195 shares valued at approximately $3.16 million.
• Casey's General Stores announced a quarterly dividend of $0.57 per share, scheduled to be paid on November 14th, which reflects a 0.4% dividend yield.
• Equities analysts have been optimistic about Casey's with an average price target of $533.10, and many ratings ranging from "Buy" to "Overweight" from various firms.

Vanguard Personalized Indexing Management LLC grew its position in Casey's General Stores, Inc. (NASDAQ:CASY - Free Report) by 10.0% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 6,195 shares of the company's stock after acquiring an additional 562 shares during the quarter. Vanguard Personalized Indexing Management LLC's holdings in Casey's General Stores were worth $3,162,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Summit Securities Group LLC purchased a new position in shares of Casey's General Stores in the first quarter valued at approximately $32,000. Iron Horse Wealth Management LLC lifted its position in shares of Casey's General Stores by 40.0% in the first quarter. Iron Horse Wealth Management LLC now owns 91 shares of the company's stock valued at $40,000 after acquiring an additional 26 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. lifted its position in shares of Casey's General Stores by 242.9% in the second quarter. Thurston Springer Miller Herd & Titak Inc. now owns 96 shares of the company's stock valued at $49,000 after acquiring an additional 68 shares in the last quarter. WPG Advisers LLC purchased a new position in Casey's General Stores during the first quarter worth approximately $47,000. Finally, Wayfinding Financial LLC purchased a new position in Casey's General Stores during the first quarter worth approximately $59,000. Hedge funds and other institutional investors own 85.63% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on CASY shares. Stephens reiterated an "overweight" rating and set a $570.00 price objective on shares of Casey's General Stores in a research report on Wednesday, October 8th. Royal Bank Of Canada lifted their price objective on Casey's General Stores from $468.00 to $542.00 and gave the stock a "sector perform" rating in a research report on Wednesday, July 9th. The Goldman Sachs Group lifted their price objective on Casey's General Stores from $450.00 to $490.00 and gave the stock a "neutral" rating in a research report on Wednesday, September 10th. BMO Capital Markets lifted their price objective on Casey's General Stores from $515.00 to $540.00 and gave the stock a "market perform" rating in a research report on Wednesday, September 10th. Finally, KeyCorp lifted their price objective on Casey's General Stores from $550.00 to $575.00 and gave the stock an "overweight" rating in a research report on Friday, July 25th. Eight equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $533.10.

Casey's General Stores Price Performance

NASDAQ:CASY opened at $561.19 on Wednesday. Casey's General Stores, Inc. has a 52 week low of $372.08 and a 52 week high of $572.18. The company has a quick ratio of 0.61, a current ratio of 1.03 and a debt-to-equity ratio of 0.65. The company has a market capitalization of $20.87 billion, a P/E ratio of 36.02 and a beta of 0.68. The stock's fifty day moving average is $531.41 and its two-hundred day moving average is $495.55.

Casey's General Stores (NASDAQ:CASY - Get Free Report) last posted its earnings results on Monday, September 8th. The company reported $5.77 EPS for the quarter, beating analysts' consensus estimates of $5.02 by $0.75. Casey's General Stores had a return on equity of 16.73% and a net margin of 3.54%.The company had revenue of $4.57 billion for the quarter, compared to the consensus estimate of $4.47 billion. During the same quarter in the previous year, the business earned $4.83 earnings per share. The company's revenue for the quarter was up 11.5% on a year-over-year basis. Equities analysts expect that Casey's General Stores, Inc. will post 13.94 EPS for the current year.

Casey's General Stores Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 14th. Stockholders of record on Saturday, November 1st will be paid a $0.57 dividend. The ex-dividend date of this dividend is Friday, October 31st. This represents a $2.28 dividend on an annualized basis and a dividend yield of 0.4%. Casey's General Stores's payout ratio is presently 14.63%.

Insider Activity

In other Casey's General Stores news, insider Chad Michael Frazell sold 3,487 shares of Casey's General Stores stock in a transaction dated Monday, September 29th. The stock was sold at an average price of $555.40, for a total value of $1,936,679.80. Following the completion of the transaction, the insider directly owned 7,993 shares of the company's stock, valued at $4,439,312.20. The trade was a 30.37% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 0.54% of the company's stock.

Casey's General Stores Company 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.

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