Casey’s General Stores, Inc. $CASY Shares Purchased by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. grew its stake in shares of Casey’s General Stores, Inc. (NASDAQ:CASY) by 2.1% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 136,938 shares of the company’s stock after buying an additional 2,823 shares during the quarter. PNC Financial Services Group Inc. owned about 0.37% of Casey’s General Stores worth $77,414,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. HighTower Advisors LLC increased its stake in shares of Casey’s General Stores by 30.3% during the third quarter. HighTower Advisors LLC now owns 15,819 shares of the company’s stock valued at $8,943,000 after acquiring an additional 3,676 shares during the period. Cookson Peirce & Co. Inc. acquired a new position in shares of Casey’s General Stores during the 3rd quarter valued at $10,862,000. Assetmark Inc. increased its position in shares of Casey’s General Stores by 5.8% during the 3rd quarter. Assetmark Inc. now owns 2,140 shares of the company’s stock valued at $1,210,000 after purchasing an additional 118 shares during the period. Illinois Municipal Retirement Fund raised its stake in shares of Casey’s General Stores by 5.4% in the 3rd quarter. Illinois Municipal Retirement Fund now owns 16,868 shares of the company’s stock worth $9,536,000 after buying an additional 861 shares in the last quarter. Finally, ICW Investment Advisors LLC lifted its holdings in shares of Casey’s General Stores by 0.7% in the third quarter. ICW Investment Advisors LLC now owns 9,035 shares of the company’s stock valued at $5,107,000 after buying an additional 65 shares during the period. 85.63% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Casey’s General Stores news, Director Moats Maria Castanon acquired 300 shares of the firm’s stock in a transaction on Monday, January 5th. The stock was purchased at an average cost of $554.66 per share, for a total transaction of $166,398.00. Following the transaction, the director owned 803 shares of the company’s stock, valued at $445,391.98. The trade was a 59.64% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.54% of the company’s stock.

Wall Street Analyst Weigh In

CASY has been the topic of a number of research analyst reports. KeyCorp reaffirmed an “overweight” rating and set a $700.00 target price on shares of Casey’s General Stores in a report on Thursday. Deutsche Bank Aktiengesellschaft set a $688.00 price objective on shares of Casey’s General Stores in a research note on Thursday, January 8th. UBS Group reiterated a “neutral” rating on shares of Casey’s General Stores in a report on Thursday, December 11th. Bank of America started coverage on shares of Casey’s General Stores in a report on Friday, January 9th. They set a “buy” rating for the company. Finally, Stephens lifted their price target on shares of Casey’s General Stores from $570.00 to $600.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 3rd. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat.com, Casey’s General Stores presently has a consensus rating of “Moderate Buy” and a consensus price target of $615.50.

Casey’s General Stores Stock Performance

Casey’s General Stores stock opened at $665.86 on Monday. Casey’s General Stores, Inc. has a fifty-two week low of $372.08 and a fifty-two week high of $678.67. The firm’s 50 day simple moving average is $597.18 and its 200-day simple moving average is $558.08. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.05 and a quick ratio of 0.65. The company has a market cap of $24.68 billion, a P/E ratio of 40.95, a price-to-earnings-growth ratio of 2.35 and a beta of 0.68.

Casey’s General Stores (NASDAQ:CASY) last posted its quarterly earnings data on Tuesday, December 9th. The company reported $5.53 EPS for the quarter, topping analysts’ consensus estimates of $4.92 by $0.61. Casey’s General Stores had a net margin of 3.58% and a return on equity of 16.89%. The firm had revenue of $4.51 billion during the quarter, compared to analyst estimates of $4.51 billion. During the same quarter last year, the business posted $4.85 EPS. The company’s revenue was up 14.2% on a year-over-year basis. As a group, equities research analysts predict that Casey’s General Stores, Inc. will post 13.94 EPS for the current year.

Casey’s General Stores Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, February 13th. Stockholders of record on Sunday, February 1st were issued a dividend of $0.57 per share. The ex-dividend date was Friday, January 30th. This represents a $2.28 dividend on an annualized basis and a dividend yield of 0.3%. Casey’s General Stores’s payout ratio is currently 14.02%.

Casey’s General Stores Profile

Casey’s General Stores, Inc (NASDAQ: CASY) is a U.S.-based convenience store chain that operates retail fuel stations and food-focused convenience outlets. Founded in 1959 in Boone, Iowa, the company has grown from a single neighborhood store into a regional operator known for combining traditional convenience retailing—fuel, packaged goods and tobacco—with a larger emphasis on fresh and prepared foods.

The company’s stores typically offer gasoline and diesel alongside a range of grocery essentials, grab-and-go items and made-to-order foodservice.