US Bancorp DE Has $2.60 Million Holdings in Casey’s General Stores, Inc. $CASY

US Bancorp DE cut its position in shares of Casey’s General Stores, Inc. (NASDAQ:CASY) by 18.7% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,090 shares of the company’s stock after selling 1,170 shares during the quarter. US Bancorp DE’s holdings in Casey’s General Stores were worth $2,598,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the company. Summit Securities Group LLC acquired a new stake in Casey’s General Stores during the 1st quarter worth about $32,000. Iron Horse Wealth Management LLC grew its stake in Casey’s General Stores by 40.0% during the first quarter. Iron Horse Wealth Management LLC now owns 91 shares of the company’s stock worth $40,000 after purchasing an additional 26 shares during the period. WPG Advisers LLC acquired a new stake in Casey’s General Stores during the first quarter worth approximately $47,000. Thurston Springer Miller Herd & Titak Inc. grew its stake in Casey’s General Stores by 242.9% during the second quarter. Thurston Springer Miller Herd & Titak Inc. now owns 96 shares of the company’s stock worth $49,000 after purchasing an additional 68 shares during the period. Finally, Wayfinding Financial LLC acquired a new stake in Casey’s General Stores during the first quarter worth approximately $59,000. 85.63% of the stock is currently owned by institutional investors and hedge funds.

Casey’s General Stores Stock Down 0.8%

Shares of NASDAQ CASY opened at $561.19 on Wednesday. The stock has a market capitalization of $20.87 billion, a P/E ratio of 36.02 and a beta of 0.68. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.03 and a quick ratio of 0.61. Casey’s General Stores, Inc. has a 1 year low of $372.08 and a 1 year high of $572.18. The company has a 50-day moving average price of $531.41 and a 200-day moving average price of $495.55.

Casey’s General Stores (NASDAQ:CASY) last released its quarterly earnings results on Monday, September 8th. The company reported $5.77 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.02 by $0.75. The business had revenue of $4.57 billion during 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 company’s quarterly revenue was up 11.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $4.83 EPS. On average, equities research analysts forecast that Casey’s General Stores, Inc. will post 13.94 EPS for the current fiscal year.

Casey’s General Stores Announces Dividend

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

Analyst Upgrades and Downgrades

Several analysts have recently commented on the stock. Royal Bank Of Canada raised their price objective on shares of Casey’s General Stores from $468.00 to $542.00 and gave the stock a “sector perform” rating in a research report on Wednesday, July 9th. KeyCorp raised their price objective 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. The Goldman Sachs Group raised their price target on shares of Casey’s General Stores from $450.00 to $490.00 and gave the stock a “neutral” rating in a report on Wednesday, September 10th. Jefferies Financial Group raised 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 report on Tuesday, September 9th. Finally, Evercore ISI raised their price target on shares of Casey’s General Stores from $560.00 to $580.00 and gave the stock an “outperform” rating in a report on Wednesday, September 10th. Eight equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Casey’s General Stores presently has a consensus rating of “Moderate Buy” and an average price target of $533.10.

Insider Transactions at Casey’s General Stores

In other Casey’s General Stores news, insider Chad Michael Frazell sold 3,487 shares of Casey’s General Stores stock in a transaction on Monday, September 29th. The shares were sold at an average price of $555.40, for a total transaction of $1,936,679.80. Following the transaction, the insider directly owned 7,993 shares of the company’s stock, valued at $4,439,312.20. The trade was a 30.37% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.54% of the stock is owned by corporate insiders.

Casey’s General Stores Profile

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.