Aptus Capital Advisors LLC Has $10.74 Million Stock Holdings in Casey's General Stores, Inc. (NASDAQ:CASY)

Aptus Capital Advisors LLC boosted its stake in shares of Casey's General Stores, Inc. (NASDAQ:CASY - Free Report) by 15.2% during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 28,575 shares of the company's stock after purchasing an additional 3,776 shares during the period. Aptus Capital Advisors LLC owned about 0.08% of Casey's General Stores worth $10,736,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in CASY. Susquehanna Fundamental Investments LLC purchased a new position in Casey's General Stores during the first quarter valued at approximately $794,000. Concurrent Investment Advisors LLC lifted its stake in Casey's General Stores by 28.7% in the first quarter. Concurrent Investment Advisors LLC now owns 3,126 shares of the company's stock valued at $995,000 after acquiring an additional 697 shares during the last quarter. Sei Investments Co. lifted its stake in Casey's General Stores by 19.1% in the first quarter. Sei Investments Co. now owns 45,149 shares of the company's stock valued at $14,379,000 after acquiring an additional 7,235 shares during the last quarter. US Bancorp DE lifted its stake in Casey's General Stores by 11.6% in the first quarter. US Bancorp DE now owns 2,802 shares of the company's stock valued at $892,000 after acquiring an additional 291 shares during the last quarter. Finally, Avantax Advisory Services Inc. acquired a new stake in Casey's General Stores in the first quarter valued at approximately $226,000. 85.63% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Casey's General Stores

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

NASDAQ:CASY traded up $6.09 during mid-day trading on Tuesday, reaching $417.06. 187,186 shares of the company were exchanged, compared to its average volume of 269,225. Casey's General Stores, Inc. has a 12 month low of $266.56 and a 12 month high of $420.27. The company has a fifty day moving average of $383.05 and a 200 day moving average of $367.39. The company has a quick ratio of 0.44, a current ratio of 0.84 and a debt-to-equity ratio of 0.44. The stock has a market cap of $15.48 billion, a PE ratio of 29.91 and a beta of 0.79.

Casey's General Stores (NASDAQ:CASY - Get Free Report) last released its earnings results on Wednesday, September 4th. The company reported $4.83 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 company had revenue of $4.10 billion for the quarter, compared to the consensus estimate of $4.15 billion. During the same period in the prior year, the company posted $4.52 EPS. The company's revenue was up 5.9% compared to the same quarter last year. On average, research analysts anticipate that Casey's General Stores, Inc. will post 14.24 EPS for the current fiscal year.

Casey's General Stores Announces Dividend

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

Analysts Set New Price Targets

A number of analysts have issued reports on CASY shares. StockNews.com cut shares of Casey's General Stores from a "strong-buy" rating to a "buy" rating in a research note on Saturday, August 3rd. Evercore ISI boosted their price objective on shares of Casey's General Stores from $435.00 to $440.00 and gave the stock an "outperform" rating in a research note on Wednesday, October 16th. Gordon Haskett initiated coverage on shares of Casey's General Stores in a research note on Monday, November 4th. They set a "hold" rating and a $400.00 target price for the company. Royal Bank of Canada upped their target price on shares of Casey's General Stores from $393.00 to $403.00 and gave the company a "sector perform" rating in a research note on Thursday, September 5th. Finally, Wells Fargo & Company upped 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. One analyst has rated the stock with a sell rating, three have assigned a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $408.25.

Casey's General Stores Company 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.