TD Asset Management Inc Lowers Stock Holdings in Casey’s General Stores, Inc. $CASY

TD Asset Management Inc lowered its position in shares of Casey’s General Stores, Inc. (NASDAQ:CASY) by 20.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 100,038 shares of the company’s stock after selling 24,935 shares during the period. TD Asset Management Inc’s holdings in Casey’s General Stores were worth $56,553,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of CASY. Steph & Co. boosted its stake in Casey’s General Stores by 2.2% during the third quarter. Steph & Co. now owns 819 shares of the company’s stock valued at $463,000 after buying an additional 18 shares during the period. LifeWealth Investments LLC raised its holdings in shares of Casey’s General Stores by 2.1% in the 3rd quarter. LifeWealth Investments LLC now owns 858 shares of the company’s stock valued at $485,000 after acquiring an additional 18 shares in the last quarter. AdvisorNet Financial Inc boosted its position in shares of Casey’s General Stores by 2.8% during the 3rd quarter. AdvisorNet Financial Inc now owns 724 shares of the company’s stock valued at $409,000 after acquiring an additional 20 shares during the last quarter. Panagora Asset Management Inc. boosted its position in shares of Casey’s General Stores by 0.5% during the 2nd quarter. Panagora Asset Management Inc. now owns 4,147 shares of the company’s stock valued at $2,116,000 after acquiring an additional 21 shares during the last quarter. Finally, Eukles Asset Management grew its holdings in shares of Casey’s General Stores by 0.5% during the third quarter. Eukles Asset Management now owns 4,253 shares of the company’s stock worth $2,404,000 after purchasing an additional 21 shares in the last quarter. Institutional investors own 85.63% of the company’s stock.

Casey’s General Stores Trading Up 1.0%

CASY stock opened at $682.35 on Friday. The company has a market capitalization of $25.29 billion, a PE ratio of 41.96, a price-to-earnings-growth ratio of 2.39 and a beta of 0.68. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.65 and a current ratio of 1.05. Casey’s General Stores, Inc. has a one year low of $372.08 and a one year high of $685.79. The company’s 50 day moving average price is $618.76 and its two-hundred day moving average price is $566.91.

Casey’s General Stores (NASDAQ:CASY) last announced its quarterly earnings data on Tuesday, December 9th. The company reported $5.53 earnings per share (EPS) for the quarter, beating 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 company had revenue of $4.51 billion during the quarter, compared to analysts’ expectations of $4.51 billion. During the same quarter in the prior year, the company earned $4.85 EPS. The firm’s revenue was up 14.2% on a year-over-year basis. As a group, analysts predict 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 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 dividend on an annualized basis 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 (DPR) is 14.02%.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on CASY. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $662.00 target price on shares of Casey’s General Stores in a research note on Friday, January 23rd. Zacks Research lowered shares of Casey’s General Stores from a “strong-buy” rating to a “hold” rating in a report on Monday. Stephens raised their price objective on shares of Casey’s General Stores from $570.00 to $600.00 and gave the company an “overweight” rating in a research report on Wednesday, December 3rd. Northcoast Research downgraded shares of Casey’s General Stores from a “buy” rating to a “neutral” rating in a report on Wednesday, January 21st. Finally, UBS Group reissued a “neutral” rating on shares of Casey’s General Stores in a research note on Thursday, December 11th. Eight analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to MarketBeat.com, Casey’s General Stores currently has an average rating of “Moderate Buy” and an average price target of $621.00.

Insider Activity at Casey’s General Stores

In related news, Director Moats Maria Castanon acquired 300 shares of the firm’s stock in a transaction dated Monday, January 5th. The shares were purchased at an average price of $554.66 per share, for a total transaction of $166,398.00. Following the completion of the acquisition, the director owned 803 shares in the company, valued at approximately $445,391.98. This represents a 59.64% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 0.54% of the company’s stock.

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.