Aberdeen Group plc Has $40.65 Million Position in Casey’s General Stores, Inc. $CASY

Aberdeen Group plc reduced its position in shares of Casey’s General Stores, Inc. (NASDAQ:CASY) by 0.2% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 79,662 shares of the company’s stock after selling 145 shares during the quarter. Aberdeen Group plc owned 0.21% of Casey’s General Stores worth $40,649,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Summit Securities Group LLC acquired a new position in shares of Casey’s General Stores in the first quarter worth $32,000. Iron Horse Wealth Management LLC increased its stake in shares of Casey’s General Stores by 40.0% in the first quarter. Iron Horse Wealth Management LLC now owns 91 shares of the company’s stock worth $40,000 after acquiring an additional 26 shares during the last quarter. WPG Advisers LLC acquired a new position in shares of Casey’s General Stores in the first quarter worth $47,000. Thurston Springer Miller Herd & Titak Inc. increased its stake in shares of Casey’s General Stores by 242.9% in the second quarter. Thurston Springer Miller Herd & Titak Inc. now owns 96 shares of the company’s stock worth $49,000 after acquiring an additional 68 shares during the last quarter. Finally, Wayfinding Financial LLC acquired a new position in shares of Casey’s General Stores in the first quarter worth $59,000. 85.63% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

CASY has been the topic of a number of research reports. Jefferies Financial Group upped their price target on shares of Casey’s General Stores from $575.00 to $600.00 and gave the stock a “buy” rating in a research note on Tuesday, September 9th. Wells Fargo & Company upped their price target on shares of Casey’s General Stores from $540.00 to $580.00 and gave the stock an “overweight” rating in a research note on Monday, September 8th. Royal Bank Of Canada upped their price target on shares of Casey’s General Stores from $468.00 to $542.00 and gave the stock a “sector perform” rating in a research note on Wednesday, July 9th. KeyCorp increased their target price on shares of Casey’s General Stores from $550.00 to $575.00 and gave the stock an “overweight” rating in a research report on Friday, July 25th. Finally, The Goldman Sachs Group increased their target price on shares of Casey’s General Stores from $450.00 to $490.00 and gave the stock a “neutral” rating in a research report on Wednesday, September 10th. Eight investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $533.10.

Insider Activity

In other news, insider Chad Michael Frazell sold 3,487 shares of the firm’s stock in a transaction dated Monday, September 29th. The stock was sold at an average price of $555.40, for a total value of $1,936,679.80. Following the sale, the insider directly owned 7,993 shares of the company’s stock, valued at approximately $4,439,312.20. This trade represents a 30.37% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.54% of the company’s stock.

Casey’s General Stores Trading Up 0.8%

Casey’s General Stores stock opened at $556.67 on Monday. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.03 and a quick ratio of 0.61. The company has a market capitalization of $20.70 billion, a price-to-earnings ratio of 35.73 and a beta of 0.68. Casey’s General Stores, Inc. has a one year low of $372.08 and a one year high of $571.57. The company’s fifty day moving average price is $529.63 and its two-hundred day moving average price is $494.15.

Casey’s General Stores (NASDAQ:CASY) last issued its quarterly earnings results on Monday, September 8th. The company reported $5.77 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.02 by $0.75. The company had revenue of $4.57 billion for the quarter, compared to the consensus estimate of $4.47 billion. Casey’s General Stores had a return on equity of 16.73% and a net margin of 3.54%.The firm’s revenue was up 11.5% compared to the same quarter last year. During the same period last year, the business posted $4.83 earnings per share. On average, analysts forecast 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 firm also recently declared a quarterly dividend, which will be paid on Friday, November 14th. Stockholders of record on Saturday, November 1st will be given a $0.57 dividend. This represents a $2.28 annualized dividend and a dividend yield of 0.4%. The ex-dividend date of this dividend is Friday, October 31st. Casey’s General Stores’s dividend payout ratio (DPR) is currently 14.63%.

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.