WD Rutherford LLC Grows Holdings in Casey’s General Stores, Inc. (NASDAQ:CASY)

WD Rutherford LLC boosted its holdings in shares of Casey’s General Stores, Inc. (NASDAQ:CASY) by 2.8% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 8,425 shares of the company’s stock after purchasing an additional 230 shares during the period. Casey’s General Stores makes up 1.6% of WD Rutherford LLC’s investment portfolio, making the stock its 29th largest holding. WD Rutherford LLC’s holdings in Casey’s General Stores were worth $3,338,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of CASY. FMR LLC grew its holdings in shares of Casey’s General Stores by 3.8% during the third quarter. FMR LLC now owns 1,046,830 shares of the company’s stock worth $393,305,000 after buying an additional 38,226 shares during the last quarter. JPMorgan Chase & Co. grew its stake in shares of Casey’s General Stores by 18.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 758,804 shares of the company’s stock valued at $285,090,000 after purchasing an additional 119,350 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of Casey’s General Stores by 1.3% in the third quarter. Geode Capital Management LLC now owns 655,488 shares of the company’s stock valued at $246,335,000 after purchasing an additional 8,428 shares during the period. Franklin Resources Inc. raised its stake in shares of Casey’s General Stores by 49.9% during the third quarter. Franklin Resources Inc. now owns 524,237 shares of the company’s stock worth $204,861,000 after purchasing an additional 174,586 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its holdings in shares of Casey’s General Stores by 0.3% during the third quarter. Charles Schwab Investment Management Inc. now owns 273,332 shares of the company’s stock worth $102,694,000 after purchasing an additional 702 shares during the period. 85.63% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

CASY has been the topic of several recent research reports. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Casey’s General Stores from $451.00 to $454.00 and gave the company a “buy” rating in a research note on Wednesday, November 6th. StockNews.com downgraded shares of Casey’s General Stores from a “buy” rating to a “hold” rating in a research report on Monday, February 10th. Gordon Haskett upgraded Casey’s General Stores from a “hold” rating to a “buy” rating in a research report on Thursday. Royal Bank of Canada raised their price target on Casey’s General Stores from $403.00 to $428.00 and gave the company a “sector perform” rating in a report on Tuesday, December 10th. Finally, Evercore ISI upped their price objective on Casey’s General Stores from $460.00 to $470.00 and gave the stock an “outperform” rating in a report on Friday, December 13th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, Casey’s General Stores has a consensus rating of “Moderate Buy” and an average target price of $424.00.

Casey’s General Stores Stock Down 2.3 %

CASY opened at $432.17 on Friday. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.49 and a current ratio of 0.88. The company has a market cap of $16.04 billion, a price-to-earnings ratio of 30.12, a PEG ratio of 2.48 and a beta of 0.83. Casey’s General Stores, Inc. has a one year low of $284.57 and a one year high of $445.17. The business’s fifty day moving average is $410.19 and its two-hundred day moving average is $395.29.

Casey’s General Stores (NASDAQ:CASY) last released its quarterly earnings data on Monday, December 9th. The company reported $4.85 EPS for the quarter, topping the consensus estimate of $4.29 by $0.56. Casey’s General Stores had a net margin of 3.57% and a return on equity of 17.17%. The business had revenue of $3.95 billion for the quarter, compared to analyst estimates of $4.03 billion. During the same period in the previous year, the firm earned $4.24 EPS. The business’s revenue for the quarter was down 2.9% compared to the same quarter last year. Analysts anticipate that Casey’s General Stores, Inc. will post 13.94 EPS for the current fiscal year.

Casey’s General Stores Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, February 17th. Stockholders of record on Monday, February 3rd will be paid a dividend of $0.50 per share. The ex-dividend date is Monday, February 3rd. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.46%. Casey’s General Stores’s dividend payout ratio (DPR) is 13.94%.

Insider Buying and Selling

In related news, insider Katrina S. Lindsey sold 450 shares of the firm’s stock in a transaction that occurred on Thursday, December 12th. The shares were sold at an average price of $427.13, for a total transaction of $192,208.50. Following the sale, the insider now owns 2,247 shares in the company, valued at approximately $959,761.11. This trade represents a 16.69 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Mike Spanos bought 500 shares of the stock in a transaction on Monday, December 23rd. The stock was purchased at an average cost of $396.76 per share, with a total value of $198,380.00. Following the completion of the purchase, the director now directly owns 3,097 shares in the company, valued at $1,228,765.72. This trade represents a 19.25 % increase in their position. The disclosure for this purchase can be found here. Insiders own 0.56% of the company’s stock.

About Casey’s General Stores

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.