Casey’s General Stores, Inc. $CASY Shares Bought by Howe & Rusling Inc.

Howe & Rusling Inc. increased its position in Casey’s General Stores, Inc. (NASDAQ:CASY) by 5.1% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 19,778 shares of the company’s stock after buying an additional 963 shares during the quarter. Howe & Rusling Inc. owned about 0.05% of Casey’s General Stores worth $10,092,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of CASY. Samlyn Capital LLC lifted its stake in Casey’s General Stores by 42.8% during the first quarter. Samlyn Capital LLC now owns 255,659 shares of the company’s stock valued at $110,966,000 after purchasing an additional 76,673 shares during the last quarter. UNIVEST FINANCIAL Corp grew its position in Casey’s General Stores by 157.2% in the second quarter. UNIVEST FINANCIAL Corp now owns 8,556 shares of the company’s stock worth $4,366,000 after buying an additional 5,230 shares during the last quarter. Ground Swell Capital LLC bought a new position in shares of Casey’s General Stores in the first quarter valued at $338,000. West Bancorporation Inc. acquired a new stake in shares of Casey’s General Stores during the 2nd quarter valued at $278,000. Finally, Meridian Wealth Management LLC boosted its stake in shares of Casey’s General Stores by 71.6% during the 1st quarter. Meridian Wealth Management LLC now owns 1,215 shares of the company’s stock worth $527,000 after acquiring an additional 507 shares in the last quarter. Institutional investors own 85.63% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the company. Zacks Research raised Casey’s General Stores from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 15th. Evercore ISI boosted their price objective on Casey’s General Stores from $580.00 to $585.00 and gave the stock an “outperform” rating in a report on Tuesday, October 21st. Wells Fargo & Company assumed coverage on shares of Casey’s General Stores in a report on Wednesday, October 15th. They issued an “overweight” rating and a $610.00 target price for the company. Stephens reissued an “overweight” rating and issued a $570.00 target price on shares of Casey’s General Stores in a research report on Wednesday, October 8th. Finally, KeyCorp boosted their price target on shares of Casey’s General Stores from $550.00 to $575.00 and gave the company an “overweight” rating in a report on Friday, July 25th. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $564.00.

Casey’s General Stores Stock Up 1.5%

CASY opened at $556.71 on Thursday. 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 PE ratio of 35.73 and a beta of 0.66. The business has a 50-day moving average of $546.18 and a 200-day moving average of $512.43. Casey’s General Stores, Inc. has a fifty-two week low of $372.08 and a fifty-two week high of $572.18.

Casey’s General Stores (NASDAQ:CASY) last announced its quarterly earnings results on Monday, September 8th. The company reported $5.77 EPS for the quarter, topping the consensus estimate of $5.02 by $0.75. The company had revenue of $4.57 billion for the quarter, compared to analyst estimates of $4.47 billion. Casey’s General Stores had a net margin of 3.54% and a return on equity of 16.73%. Casey’s General Stores’s quarterly revenue was up 11.5% on a year-over-year basis. During the same quarter in the prior year, the business posted $4.83 EPS. Equities research analysts forecast that Casey’s General Stores, Inc. will post 13.94 EPS for the current fiscal year.

Casey’s General Stores Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, November 14th. Shareholders of record on Saturday, November 1st were given a dividend of $0.57 per share. The ex-dividend date of this dividend was Friday, October 31st. This represents a $2.28 dividend on an annualized basis and a yield of 0.4%. Casey’s General Stores’s dividend payout ratio is presently 14.63%.

Insider Activity

In related news, insider Chad Michael Frazell sold 3,487 shares of the firm’s stock in a transaction on Monday, September 29th. The shares were sold at an average price of $555.40, for a total value of $1,936,679.80. Following the transaction, the insider directly owned 7,993 shares in the company, valued at approximately $4,439,312.20. This trade represents a 30.37% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 0.54% 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.