Keybank National Association OH Decreases Stock Position in Casey’s General Stores, Inc. $CASY

Keybank National Association OH lessened its stake in shares of Casey’s General Stores, Inc. (NASDAQ:CASY) by 16.3% during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 3,715 shares of the company’s stock after selling 723 shares during the period. Keybank National Association OH’s holdings in Casey’s General Stores were worth $1,896,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Samlyn Capital LLC raised its holdings in Casey’s General Stores by 42.8% during the 1st quarter. Samlyn Capital LLC now owns 255,659 shares of the company’s stock valued at $110,966,000 after buying an additional 76,673 shares during the period. M&T Bank Corp increased its stake in Casey’s General Stores by 39.6% in the first quarter. M&T Bank Corp now owns 2,515 shares of the company’s stock worth $1,092,000 after purchasing an additional 713 shares during the period. Ground Swell Capital LLC purchased a new stake in Casey’s General Stores in the first quarter worth $338,000. Meridian Wealth Management LLC increased its stake in Casey’s General Stores by 71.6% in the first quarter. Meridian Wealth Management LLC now owns 1,215 shares of the company’s stock worth $527,000 after purchasing an additional 507 shares during the period. Finally, West Bancorporation Inc. purchased a new stake in Casey’s General Stores in the second quarter worth $278,000. Hedge funds and other institutional investors own 85.63% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have weighed in on CASY shares. Wells Fargo & Company started coverage on Casey’s General Stores in a research note on Wednesday, October 15th. They issued an “overweight” rating and a $610.00 target price on the stock. The Goldman Sachs Group increased their target price on Casey’s General Stores from $450.00 to $490.00 and gave the stock a “neutral” rating in a research note on Wednesday, September 10th. Jefferies Financial Group increased their target price on Casey’s General Stores from $575.00 to $600.00 and gave the stock a “buy” rating in a research note on Tuesday, September 9th. Zacks Research upgraded Casey’s General Stores from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 15th. Finally, BMO Capital Markets increased their target price on Casey’s General Stores from $515.00 to $540.00 and gave the stock a “market perform” rating in a research note on Wednesday, September 10th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, Casey’s General Stores has an average rating of “Moderate Buy” and a consensus target price of $536.60.

Insider Buying and Selling

In other Casey’s General Stores news, insider Chad Michael Frazell sold 3,487 shares of the business’s stock in a transaction dated Monday, September 29th. The shares were 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 in the company, valued at approximately $4,439,312.20. The trade was a 30.37% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.54% of the company’s stock.

Casey’s General Stores Price Performance

CASY opened at $513.19 on Friday. Casey’s General Stores, Inc. has a 12-month low of $372.08 and a 12-month high of $572.18. The company has a current ratio of 1.03, a quick ratio of 0.61 and a debt-to-equity ratio of 0.65. The business’s fifty day simple moving average is $538.93 and its 200-day simple moving average is $505.37. The company has a market capitalization of $19.08 billion, a price-to-earnings ratio of 32.94 and a beta of 0.68.

Casey’s General Stores (NASDAQ:CASY) last posted its quarterly earnings results on Monday, September 8th. The company reported $5.77 earnings per share (EPS) for the quarter, topping 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 business had revenue of $4.57 billion for the quarter, compared to the consensus estimate of $4.47 billion. During the same quarter in the prior year, the company earned $4.83 EPS. The business’s revenue was up 11.5% compared to the same quarter last year. On average, equities research analysts anticipate that Casey’s General Stores, Inc. will post 13.94 earnings per share for the current fiscal year.

Casey’s General Stores Announces Dividend

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

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.