Keybank National Association OH Acquires 3,840 Shares of Casey’s General Stores Inc (NASDAQ:CASY)

Keybank National Association OH lifted its holdings in Casey’s General Stores Inc (NASDAQ:CASY) by 33.2% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 15,410 shares of the company’s stock after acquiring an additional 3,840 shares during the period. Keybank National Association OH’s holdings in Casey’s General Stores were worth $2,404,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the stock. FinTrust Capital Advisors LLC purchased a new stake in Casey’s General Stores in the 1st quarter worth about $29,000. Valeo Financial Advisors LLC raised its position in Casey’s General Stores by 2,500.0% in the 1st quarter. Valeo Financial Advisors LLC now owns 312 shares of the company’s stock worth $40,000 after purchasing an additional 300 shares during the period. Quadrant Capital Group LLC raised its position in Casey’s General Stores by 170.3% in the 1st quarter. Quadrant Capital Group LLC now owns 346 shares of the company’s stock worth $42,000 after purchasing an additional 218 shares during the period. Carroll Financial Associates Inc. purchased a new stake in Casey’s General Stores in the 1st quarter worth about $48,000. Finally, Rehmann Capital Advisory Group raised its position in Casey’s General Stores by 188.4% in the 1st quarter. Rehmann Capital Advisory Group now owns 398 shares of the company’s stock worth $51,000 after purchasing an additional 260 shares during the period. 89.66% of the stock is owned by hedge funds and other institutional investors.

A number of analysts recently weighed in on the stock. Wells Fargo & Co increased their price objective on shares of Casey’s General Stores from $130.00 to $145.00 and gave the stock a “market perform” rating in a research report on Wednesday, June 12th. Stephens raised their target price on shares of Casey’s General Stores from $143.00 to $165.00 and gave the stock an “overweight” rating in a research report on Thursday, June 13th. BidaskClub lowered shares of Casey’s General Stores from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. Jefferies Financial Group raised their target price on shares of Casey’s General Stores from $167.00 to $183.00 and gave the stock a “buy” rating in a research report on Thursday, July 18th. They noted that the move was a valuation call. Finally, Barclays raised their target price on shares of Casey’s General Stores from $123.00 to $140.00 and gave the stock an “equal weight” rating in a research report on Wednesday, June 12th. Ten equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $151.90.

CASY stock traded up $1.31 during trading on Friday, hitting $168.17. 2,756 shares of the company’s stock traded hands, compared to its average volume of 315,472. The firm has a market capitalization of $6.14 billion, a P/E ratio of 30.43, a PEG ratio of 3.20 and a beta of 0.58. The business has a fifty day simple moving average of $161.45 and a two-hundred day simple moving average of $140.78. The company has a quick ratio of 0.23, a current ratio of 0.69 and a debt-to-equity ratio of 0.91. Casey’s General Stores Inc has a 1 year low of $112.16 and a 1 year high of $169.35.

Casey’s General Stores (NASDAQ:CASY) last issued its quarterly earnings data on Monday, June 10th. The company reported $0.68 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.41 by $0.27. The company had revenue of $2.18 billion for the quarter, compared to analyst estimates of $2.13 billion. Casey’s General Stores had a net margin of 2.18% and a return on equity of 14.95%. Casey’s General Stores’s revenue was up 4.3% compared to the same quarter last year. During the same period last year, the company posted $0.51 earnings per share. On average, equities research analysts predict that Casey’s General Stores Inc will post 5.89 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 15th. Investors of record on Thursday, August 1st were issued a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a yield of 0.76%. This is a positive change from Casey’s General Stores’s previous quarterly dividend of $0.29. The ex-dividend date of this dividend was Wednesday, July 31st. Casey’s General Stores’s dividend payout ratio (DPR) is presently 23.23%.

In related news, SVP Julia L. Jackowski sold 20,000 shares of Casey’s General Stores stock in a transaction that occurred on Wednesday, June 12th. The shares were sold at an average price of $149.49, for a total transaction of $2,989,800.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director H Lynn Horak sold 3,000 shares of Casey’s General Stores stock in a transaction that occurred on Friday, June 21st. The shares were sold at an average price of $154.55, for a total transaction of $463,650.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 35,106 shares of company stock worth $5,292,595. 0.41% of the stock is currently owned by corporate insiders.

About Casey’s General Stores

Casey's General Stores, Inc, together with its subsidiaries, operates convenience stores under the Casey's and Casey's General Store names. The company's stores offer a selection of food, including freshly prepared foods, such as pizza, donuts, and sandwiches; beverage and tobacco products; health and beauty aids; automotive products; school supplies, housewares, and pet supplies; and other nonfood items.

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Institutional Ownership by Quarter for Casey`s General Stores (NASDAQ:CASY)

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