Vontobel Holding Ltd. lessened its holdings in shares of Casey's General Stores, Inc. (NASDAQ:CASY - Free Report) by 1.8% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 410,955 shares of the company's stock after selling 7,391 shares during the quarter. Vontobel Holding Ltd. owned 1.11% of Casey's General Stores worth $178,371,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in CASY. Natixis lifted its holdings in shares of Casey's General Stores by 21.9% during the 4th quarter. Natixis now owns 8,337 shares of the company's stock valued at $3,303,000 after purchasing an additional 1,499 shares in the last quarter. Scholtz & Company LLC acquired a new stake in Casey's General Stores during the 4th quarter worth approximately $2,375,000. Segall Bryant & Hamill LLC lifted its stake in Casey's General Stores by 9.1% in the fourth quarter. Segall Bryant & Hamill LLC now owns 53,330 shares of the company's stock valued at $21,131,000 after buying an additional 4,458 shares in the last quarter. Thrivent Financial for Lutherans lifted its stake in Casey's General Stores by 15.4% in the fourth quarter. Thrivent Financial for Lutherans now owns 290,420 shares of the company's stock valued at $115,089,000 after buying an additional 38,684 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its holdings in shares of Casey's General Stores by 1.2% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 276,529 shares of the company's stock valued at $109,569,000 after buying an additional 3,197 shares during the period. 85.63% of the stock is owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
Several equities research analysts recently commented on the stock. Wells Fargo & Company boosted their price objective on shares of Casey's General Stores from $460.00 to $540.00 and gave the company an "overweight" rating in a research report on Wednesday, June 11th. KeyCorp upped their price objective on Casey's General Stores from $500.00 to $550.00 and gave the stock an "overweight" rating in a research report on Wednesday, June 11th. Stephens reiterated 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 note on Saturday, June 14th. Finally, Evercore ISI lifted their target price on Casey's General Stores from $450.00 to $460.00 and gave the company an "outperform" rating in a research report on Tuesday, April 1st. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $453.00.
Read Our Latest Stock Analysis on Casey's General Stores
Insider Buying and Selling at Casey's General Stores
In other Casey's General Stores news, insider Thomas P. Brennan, Jr. sold 6,600 shares of the business's stock in a transaction on Monday, June 16th. The stock was sold at an average price of $506.03, for a total value of $3,339,798.00. Following the sale, the insider directly owned 2,100 shares in the company, valued at $1,062,663. The trade was a 75.86% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Chad Michael Frazell sold 4,808 shares of Casey's General Stores stock in a transaction dated Tuesday, June 17th. The stock was sold at an average price of $503.97, for a total value of $2,423,087.76. Following the completion of the sale, the insider directly owned 11,480 shares of the company's stock, valued at approximately $5,785,575.60. This trade represents a 29.52% decrease in their position. The disclosure for this sale can be found here. Insiders sold 43,896 shares of company stock valued at $22,245,866 in the last quarter. Insiders own 0.56% of the company's stock.
Casey's General Stores Stock Performance
Casey's General Stores stock traded up $5.93 during mid-day trading on Thursday, reaching $516.85. 173,629 shares of the company's stock were exchanged, compared to its average volume of 374,172. The business's fifty day simple moving average is $468.38 and its 200 day simple moving average is $434.09. 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 one year low of $350.52 and a one year high of $517.31. The firm has a market capitalization of $19.22 billion, a PE ratio of 35.30, a P/E/G ratio of 2.56 and a beta of 0.69.
Casey's General Stores (NASDAQ:CASY - Get Free Report) last issued its quarterly 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 net margin of 3.43% and a return on equity of 16.28%. The company had revenue of $3.99 billion for the quarter, compared to the consensus estimate of $3.95 billion. During the same period in the previous year, the firm earned $2.34 EPS. The firm's quarterly revenue was up 10.9% on a year-over-year basis. On average, sell-side 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 company also recently disclosed a quarterly dividend, which will be paid on Friday, August 15th. Investors of record on Friday, August 1st will be paid a $0.57 dividend. This is an increase from Casey's General Stores's previous quarterly dividend of $0.50. The ex-dividend date of this dividend is Friday, August 1st. This represents a $2.28 annualized dividend and a yield of 0.44%. Casey's General Stores's dividend payout ratio is presently 13.66%.
Casey's General Stores Profile
(
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.
Further Reading
Before you consider Casey's General Stores, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Casey's General Stores wasn't on the list.
While Casey's General Stores currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering where to start (or end) with AI stocks? These 10 simple stocks can help investors build long-term wealth as artificial intelligence continues to grow into the future.
Get This Free Report
