Amalgamated Bank Has $7.02 Million Stake in Casey's General Stores, Inc. (NASDAQ:CASY)

Amalgamated Bank reduced its stake in Casey's General Stores, Inc. (NASDAQ:CASY - Free Report) by 7.8% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 17,704 shares of the company's stock after selling 1,501 shares during the quarter. Amalgamated Bank's holdings in Casey's General Stores were worth $7,015,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the stock. FMR LLC boosted its position in shares of Casey's General Stores by 3.8% during the 3rd quarter. FMR LLC now owns 1,046,830 shares of the company's stock worth $393,305,000 after acquiring an additional 38,226 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in Casey's General Stores by 18.7% in the third quarter. JPMorgan Chase & Co. now owns 758,804 shares of the company's stock valued at $285,090,000 after purchasing an additional 119,350 shares in the last quarter. Geode Capital Management LLC boosted its holdings in Casey's General Stores by 1.3% in the third quarter. Geode Capital Management LLC now owns 655,488 shares of the company's stock valued at $246,335,000 after purchasing an additional 8,428 shares in the last quarter. Franklin Resources Inc. increased its stake in Casey's General Stores by 49.9% in the third quarter. Franklin Resources Inc. now owns 524,237 shares of the company's stock valued at $204,861,000 after purchasing an additional 174,586 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its holdings in Casey's General Stores by 1.0% during the fourth quarter. Bank of New York Mellon Corp now owns 340,231 shares of the company's stock worth $134,810,000 after purchasing an additional 3,321 shares in the last quarter. Hedge funds and other institutional investors own 85.63% of the company's stock.

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Analyst Ratings Changes

Several research analysts have recently issued reports on CASY shares. Royal Bank of Canada upped their target price on shares of Casey's General Stores from $403.00 to $428.00 and gave the company a "sector perform" rating in a report on Tuesday, December 10th. Evercore ISI boosted their price target on Casey's General Stores from $460.00 to $470.00 and gave the company an "outperform" rating in a research report on Friday, December 13th. BMO Capital Markets restated a "market perform" rating and issued a $450.00 target price (up previously from $400.00) on shares of Casey's General Stores in a research note on Wednesday, December 18th. StockNews.com lowered Casey's General Stores from a "buy" rating to a "hold" rating in a report on Thursday. Finally, Gordon Haskett raised Casey's General Stores from a "hold" rating to a "buy" rating in a report on Thursday, February 13th. One analyst has rated the stock with a sell rating, three have issued a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, Casey's General Stores has a consensus rating of "Moderate Buy" and a consensus target price of $424.00.

Casey's General Stores Stock Up 1.3 %

NASDAQ CASY traded up $5.12 on Friday, hitting $414.21. 226,895 shares of the stock traded hands, compared to its average volume of 272,484. The stock has a 50-day moving average of $410.37 and a 200 day moving average of $398.39. Casey's General Stores, Inc. has a twelve month low of $290.00 and a twelve month high of $445.17. The company has a market capitalization of $15.37 billion, a P/E ratio of 28.86, a price-to-earnings-growth ratio of 2.40 and a beta of 0.83. The company has a current ratio of 0.88, a quick ratio of 0.49 and a debt-to-equity ratio of 0.74.

Casey's General Stores (NASDAQ:CASY - Get Free Report) last issued its earnings results on Monday, December 9th. The company reported $4.85 earnings per share for the quarter, topping analysts' consensus estimates of $4.29 by $0.56. Casey's General Stores had a net margin of 3.57% and a return on equity of 17.17%. The company had revenue of $3.95 billion for the quarter, compared to analysts' expectations of $4.03 billion. During the same period in the prior year, the company earned $4.24 earnings per share. The firm's revenue was down 2.9% compared to the same quarter last year. As a group, analysts expect 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 announced a quarterly dividend, which was paid on Monday, February 17th. Shareholders of record on Monday, February 3rd were paid a $0.50 dividend. The ex-dividend date of this dividend was Monday, February 3rd. This represents a $2.00 dividend on an annualized basis and a yield of 0.48%. Casey's General Stores's payout ratio is currently 13.94%.

Insider Activity

In other news, Director Mike Spanos acquired 500 shares of the company's stock in a transaction that occurred on Monday, December 23rd. The shares were acquired at an average price of $396.76 per share, with a total value of $198,380.00. Following the acquisition, the director now directly owns 3,097 shares in the company, valued at approximately $1,228,765.72. The trade was a 19.25 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Katrina S. Lindsey sold 450 shares of the business's stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $427.13, for a total transaction of $192,208.50. Following the transaction, the insider now directly owns 2,247 shares of the company's stock, valued at $959,761.11. The trade was a 16.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.56% of the company's stock.

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.