Capital Insight Partners LLC Has $6.58 Million Position in Casey’s General Stores, Inc. (NASDAQ:CASY)

Capital Insight Partners LLC lessened its position in Casey’s General Stores, Inc. (NASDAQ:CASY) by 3.3% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 17,253 shares of the company’s stock after selling 583 shares during the period. Casey’s General Stores accounts for about 1.2% of Capital Insight Partners LLC’s portfolio, making the stock its 20th biggest holding. Capital Insight Partners LLC’s holdings in Casey’s General Stores were worth $6,583,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of CASY. International Assets Investment Management LLC acquired a new position in Casey’s General Stores in the 4th quarter worth about $167,570,000. Cerity Partners LLC bought a new stake in shares of Casey’s General Stores in the 4th quarter valued at about $241,000. Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of Casey’s General Stores by 9.3% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,966 shares of the company’s stock valued at $2,189,000 after buying an additional 676 shares during the last quarter. CWM LLC grew its position in shares of Casey’s General Stores by 257.9% in the 4th quarter. CWM LLC now owns 6,725 shares of the company’s stock valued at $1,848,000 after buying an additional 4,846 shares during the last quarter. Finally, Duality Advisers LP bought a new stake in shares of Casey’s General Stores in the 4th quarter valued at about $247,000. Institutional investors and hedge funds own 85.63% of the company’s stock.

Casey’s General Stores Stock Down 0.2 %

CASY stock traded down $0.67 during trading on Friday, reaching $369.40. 176,344 shares of the stock were exchanged, compared to its average volume of 280,600. The firm’s 50 day moving average is $375.88 and its 200 day moving average is $336.40. Casey’s General Stores, Inc. has a twelve month low of $238.44 and a twelve month high of $401.07. The company has a current ratio of 0.87, a quick ratio of 0.42 and a debt-to-equity ratio of 0.52. The firm has a market cap of $13.71 billion, a P/E ratio of 27.51, a price-to-earnings-growth ratio of 2.81 and a beta of 0.80.

Casey’s General Stores (NASDAQ:CASY) last posted its quarterly earnings results on Tuesday, June 11th. The company reported $2.34 earnings per share for the quarter, topping analysts’ consensus estimates of $1.70 by $0.64. Casey’s General Stores had a return on equity of 17.25% and a net margin of 3.38%. The business had revenue of $3.60 billion for the quarter, compared to the consensus estimate of $3.47 billion. During the same period in the prior year, the business earned $1.49 EPS. The firm’s revenue for the quarter was up 8.2% on a year-over-year basis. As a group, research analysts forecast that Casey’s General Stores, Inc. will post 14 EPS for the current year.

Casey’s General Stores Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, August 15th. Investors of record on Thursday, August 1st were paid a dividend of $0.50 per share. This is an increase from Casey’s General Stores’s previous quarterly dividend of $0.43. This represents a $2.00 dividend on an annualized basis and a yield of 0.54%. The ex-dividend date of this dividend was Thursday, August 1st. Casey’s General Stores’s dividend payout ratio is 14.89%.

Wall Street Analyst Weigh In

A number of research firms have commented on CASY. Deutsche Bank Aktiengesellschaft upped their price target on Casey’s General Stores from $420.00 to $444.00 and gave the company a “buy” rating in a research report on Monday, July 29th. Evercore ISI upped their price target on Casey’s General Stores from $410.00 to $435.00 and gave the company an “outperform” rating in a research report on Monday, July 29th. Wells Fargo & Company upped their target price on Casey’s General Stores from $340.00 to $415.00 and gave the company an “overweight” rating in a research report on Thursday, June 13th. Benchmark restated a “buy” rating and set a $410.00 target price on shares of Casey’s General Stores in a research report on Wednesday, July 24th. Finally, BMO Capital Markets upped their target price on Casey’s General Stores from $305.00 to $400.00 and gave the company a “market perform” rating in a research report on Thursday, June 13th. Two analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $410.22.

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. Its stores offer pizza, donuts, breakfast items, and sandwiches; and tobacco and nicotine products. The company's stores provide soft drinks, energy, water, sports drinks, juices, coffee, and tea and dairy products; beer, wine, and spirits; snacks, candy, packaged bakery, and other food items; ice, ice cream, meals, and appetizers; health and beauty aids, automotive products, electronic accessories, housewares, and pet supplies; and ATM, lotto/lottery, and prepaid cards.