OMERS ADMINISTRATION Corp Makes New Investment in Casey’s General Stores, Inc. $CASY

OMERS ADMINISTRATION Corp purchased a new position in shares of Casey’s General Stores, Inc. (NASDAQ:CASY) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 2,237 shares of the company’s stock, valued at approximately $1,628,000.

A number of other institutional investors have also made changes to their positions in the business. Van Diest Capital LLC grew its position in Casey’s General Stores by 25.0% in the first quarter. Van Diest Capital LLC now owns 686 shares of the company’s stock valued at $500,000 after purchasing an additional 137 shares in the last quarter. Lombard Odier Asset Management USA Corp lifted its position in Casey’s General Stores by 156.2% during the 1st quarter. Lombard Odier Asset Management USA Corp now owns 3,438 shares of the company’s stock worth $2,502,000 after buying an additional 2,096 shares in the last quarter. Waverly Advisors LLC lifted its position in Casey’s General Stores by 22.8% during the 1st quarter. Waverly Advisors LLC now owns 2,169 shares of the company’s stock worth $1,579,000 after buying an additional 402 shares in the last quarter. Compound Planning Inc. boosted its stake in shares of Casey’s General Stores by 16.3% during the 1st quarter. Compound Planning Inc. now owns 1,136 shares of the company’s stock worth $827,000 after buying an additional 159 shares during the last quarter. Finally, Greenline Wealth Management LLC boosted its stake in shares of Casey’s General Stores by 22.1% during the 1st quarter. Greenline Wealth Management LLC now owns 464 shares of the company’s stock worth $338,000 after buying an additional 84 shares during the last quarter. Institutional investors own 85.63% of the company’s stock.

Casey’s General Stores Stock Up 1.2%

Shares of CASY stock opened at $867.16 on Thursday. Casey’s General Stores, Inc. has a 52-week low of $490.00 and a 52-week high of $927.85. The stock has a market cap of $32.09 billion, a price-to-earnings ratio of 45.26, a PEG ratio of 2.57 and a beta of 0.62. The firm’s 50-day moving average is $822.00 and its 200-day moving average is $749.60. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.60 and a current ratio of 1.01.

Casey’s General Stores (NASDAQ:CASY) last posted its quarterly earnings results on Tuesday, June 9th. The company reported $4.37 EPS for the quarter, topping analysts’ consensus estimates of $3.31 by $1.06. The business had revenue of $4.57 billion during the quarter, compared to analysts’ expectations of $4.33 billion. Casey’s General Stores had a return on equity of 18.73% and a net margin of 4.07%.Casey’s General Stores’s quarterly revenue was up 14.5% on a year-over-year basis. During the same quarter last year, the company posted $2.63 earnings per share. Sell-side analysts predict that Casey’s General Stores, Inc. will post 21.14 EPS for the current year.

Casey’s General Stores Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 14th. Stockholders of record on Saturday, August 1st will be given a $0.65 dividend. The ex-dividend date of this dividend is Friday, July 31st. This is a positive change from Casey’s General Stores’s previous quarterly dividend of $0.57. This represents a $2.60 dividend on an annualized basis and a dividend yield of 0.3%. Casey’s General Stores’s payout ratio is 11.90%.

Analysts Set New Price Targets

CASY has been the topic of a number of recent research reports. Wolfe Research reaffirmed an “outperform” rating and issued a $1,069.00 target price on shares of Casey’s General Stores in a research report on Thursday, June 11th. Northcoast Research upgraded Casey’s General Stores from a “neutral” rating to a “buy” rating and set a $950.00 price target for the company in a research note on Monday, July 13th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $1,000.00 price target on shares of Casey’s General Stores in a research report on Monday, June 15th. Stephens set a $975.00 price objective on Casey’s General Stores and gave the stock an “overweight” rating in a research note on Friday, June 12th. Finally, Wells Fargo & Company increased their price objective on Casey’s General Stores from $910.00 to $960.00 and gave the company an “overweight” rating in a report on Thursday, June 11th. Fourteen equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $944.20.

Insider Activity at Casey’s General Stores

In other Casey’s General Stores news, CFO Stephen P. Bramlage, Jr. sold 5,700 shares of the firm’s stock in a transaction on Wednesday, July 8th. The stock was sold at an average price of $838.16, for a total transaction of $4,777,512.00. Following the completion of the sale, the chief financial officer owned 29,677 shares of the company’s stock, valued at $24,874,074.32. This trade represents a 16.11% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Allison M. Wing sold 530 shares of the firm’s stock in a transaction on Wednesday, July 8th. The shares were sold at an average price of $837.58, for a total value of $443,917.40. Following the sale, the director directly owned 3,042 shares of the company’s stock, valued at $2,547,918.36. This represents a 14.84% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 30,243 shares of company stock worth $24,421,877 in the last three months. 0.67% of the stock is owned by company insiders.

Casey’s General Stores Company 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.