Amalgamated Bank Has $7.22 Million Position in Casey's General Stores, Inc. (NASDAQ:CASY)

Amalgamated Bank trimmed its holdings in shares of Casey's General Stores, Inc. (NASDAQ:CASY - Free Report) by 15.9% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 19,205 shares of the company's stock after selling 3,629 shares during the period. Amalgamated Bank owned 0.05% of Casey's General Stores worth $7,216,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of CASY. Janus Henderson Group PLC increased its holdings in shares of Casey's General Stores by 1.4% in the 1st quarter. Janus Henderson Group PLC now owns 768,060 shares of the company's stock worth $244,592,000 after acquiring an additional 10,841 shares during the period. Dimensional Fund Advisors LP increased its holdings in shares of Casey's General Stores by 3.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 468,650 shares of the company's stock worth $178,822,000 after acquiring an additional 14,750 shares during the period. Envestnet Asset Management Inc. increased its holdings in shares of Casey's General Stores by 20.4% in the 2nd quarter. Envestnet Asset Management Inc. now owns 458,044 shares of the company's stock worth $174,771,000 after acquiring an additional 77,515 shares during the period. International Assets Investment Management LLC acquired a new position in Casey's General Stores during the 3rd quarter valued at about $959,880,000. Finally, TD Asset Management Inc increased its stake in Casey's General Stores by 2.5% during the 1st quarter. TD Asset Management Inc now owns 220,257 shares of the company's stock valued at $70,141,000 after buying an additional 5,296 shares during the period. 85.63% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. Wells Fargo & Company raised their target price on shares of Casey's General Stores from $415.00 to $425.00 and gave the company an "overweight" rating in a research note on Friday, September 6th. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Casey's General Stores from $451.00 to $454.00 and gave the company a "buy" rating in a research report on Wednesday. Gordon Haskett assumed coverage on shares of Casey's General Stores in a report on Monday. They issued a "hold" rating and a $400.00 target price for the company. Royal Bank of Canada raised their target price on shares of Casey's General Stores from $393.00 to $403.00 and gave the stock a "sector perform" rating in a report on Thursday, September 5th. Finally, Evercore ISI raised their target price on shares of Casey's General Stores from $435.00 to $440.00 and gave the stock an "outperform" rating in a report on Wednesday, October 16th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, Casey's General Stores currently has an average rating of "Moderate Buy" and an average price target of $408.25.

Casey's General Stores Stock Up 1.0 %

CASY traded up $4.19 during midday trading on Thursday, hitting $413.37. 176,387 shares of the company's stock traded hands, compared to its average volume of 270,099. The company has a market cap of $15.34 billion, a PE ratio of 30.14 and a beta of 0.79. The stock's fifty day simple moving average is $379.98 and its 200-day simple moving average is $364.98. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.84 and a quick ratio of 0.44. Casey's General Stores, Inc. has a one year low of $266.56 and a one year high of $416.60.

Casey's General Stores (NASDAQ:CASY - Get Free Report) last issued its quarterly earnings data on Wednesday, September 4th. The company reported $4.83 earnings per share for the quarter, beating the consensus estimate of $4.54 by $0.29. Casey's General Stores had a net margin of 3.40% and a return on equity of 17.07%. The firm had revenue of $4.10 billion for the quarter, compared to analyst estimates of $4.15 billion. During the same quarter last year, the firm earned $4.52 earnings per share. The company's revenue for the quarter was up 5.9% on a year-over-year basis. As a group, equities analysts anticipate that Casey's General Stores, Inc. will post 14.01 earnings per share for the current fiscal year.

Casey's General Stores Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Friday, November 1st will be given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.48%. The ex-dividend date of this dividend is Friday, November 1st. Casey's General Stores's dividend payout ratio is 14.56%.

Insider Activity

In other news, Director Mike Spanos purchased 267 shares of the company's stock in a transaction dated Wednesday, September 18th. The shares were bought at an average price of $376.18 per share, with a total value of $100,440.06. Following the completion of the transaction, the director now directly owns 2,594 shares in the company, valued at $975,810.92. This trade represents a 0.00 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, Director Mike Spanos acquired 267 shares of the stock in a transaction dated Wednesday, September 18th. The shares were acquired at an average price of $376.18 per share, for a total transaction of $100,440.06. Following the completion of the purchase, the director now owns 2,594 shares in the company, valued at approximately $975,810.92. The trade was a 0.00 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Thomas P. Brennan, Jr. sold 3,000 shares of the firm's stock in a transaction on Friday, September 6th. The stock was sold at an average price of $380.24, for a total transaction of $1,140,720.00. Following the completion of the sale, the insider now owns 9,044 shares in the company, valued at approximately $3,438,890.56. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.56% of the company's stock.

Casey's General Stores Profile

Casey's General Stores, Inc, together with its subsidiaries, operates convenience stores under the Casey's and Casey's General Store names. Its stores offer pizza, donuts, breakfast items, and sandwiches; and tobacco and nicotine products. The company's stores provide soft drinks, energy, water, sports drinks, juices, coffee, and tea and dairy products; beer, wine, and spirits; snacks, candy, packaged bakery, and other food items; ice, ice cream, meals, and appetizers; health and beauty aids, automotive products, electronic accessories, housewares, and pet supplies; and ATM, lotto/lottery, and prepaid cards.