Segall Bryant & Hamill LLC Trims Stake in Casey’s General Stores, Inc. $CASY

Segall Bryant & Hamill LLC lessened its holdings in Casey’s General Stores, Inc. (NASDAQ:CASY) by 18.7% during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 39,650 shares of the company’s stock after selling 9,138 shares during the period. Segall Bryant & Hamill LLC owned 0.11% of Casey’s General Stores worth $22,415,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. NewEdge Advisors LLC raised its holdings in shares of Casey’s General Stores by 6.4% in the 1st quarter. NewEdge Advisors LLC now owns 1,871 shares of the company’s stock valued at $812,000 after acquiring an additional 113 shares in the last quarter. Geneos Wealth Management Inc. grew its stake in Casey’s General Stores by 129.6% in the 1st quarter. Geneos Wealth Management Inc. now owns 186 shares of the company’s stock worth $81,000 after buying an additional 105 shares in the last quarter. Assetmark Inc. grew its position in Casey’s General Stores by 5,677.1% in the second quarter. Assetmark Inc. now owns 2,022 shares of the company’s stock worth $1,032,000 after acquiring an additional 1,987 shares in the last quarter. Versor Investments LP bought a new position in Casey’s General Stores in the second quarter valued at $550,000. Finally, J. W. Coons Advisors LLC raised its position in Casey’s General Stores by 44.2% during the second quarter. J. W. Coons Advisors LLC now owns 815 shares of the company’s stock valued at $416,000 after purchasing an additional 250 shares in the last quarter. Institutional investors own 85.63% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on CASY shares. Bank of America started coverage on Casey’s General Stores in a report on Friday, January 9th. They issued a “buy” rating for the company. UBS Group reaffirmed a “neutral” rating on shares of Casey’s General Stores in a research note on Thursday, December 11th. Zacks Research downgraded shares of Casey’s General Stores from a “strong-buy” rating to a “hold” rating in a research note on Monday, February 23rd. The Goldman Sachs Group restated a “neutral” rating and issued a $530.00 price objective on shares of Casey’s General Stores in a report on Wednesday, December 10th. Finally, Wells Fargo & Company increased their target price on shares of Casey’s General Stores from $625.00 to $725.00 and gave the company an “overweight” rating in a report on Monday. Eight equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $631.00.

Insider Buying and Selling at Casey’s General Stores

In other Casey’s General Stores news, Director Moats Maria Castanon bought 300 shares of the business’s stock in a transaction that occurred on Monday, January 5th. The shares were bought at an average cost of $554.66 per share, with a total value of $166,398.00. Following the completion of the purchase, the director directly owned 803 shares of the company’s stock, valued at $445,391.98. This trade represents a 59.64% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 0.54% of the company’s stock.

Casey’s General Stores Stock Performance

Shares of CASY stock opened at $678.22 on Wednesday. The company has a market capitalization of $25.14 billion, a P/E ratio of 41.71, a PEG ratio of 2.43 and a beta of 0.65. Casey’s General Stores, Inc. has a fifty-two week low of $372.08 and a fifty-two week high of $690.00. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.65 and a current ratio of 1.05. The stock has a 50 day moving average price of $625.80 and a two-hundred day moving average price of $571.26.

Casey’s General Stores (NASDAQ:CASY) last issued its earnings results on Tuesday, December 9th. The company reported $5.53 EPS for the quarter, topping the consensus estimate of $4.92 by $0.61. The company had revenue of $4.51 billion for the quarter, compared to the consensus estimate of $4.51 billion. Casey’s General Stores had a net margin of 3.58% and a return on equity of 16.89%. The firm’s revenue for the quarter was up 14.2% on a year-over-year basis. During the same period in the previous year, the firm earned $4.85 earnings per share. Analysts expect that Casey’s General Stores, Inc. will post 13.94 earnings per share for the current year.

Casey’s General Stores Dividend Announcement

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

About Casey’s General Stores

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.