Orion Portfolio Solutions LLC Has $7.97 Million Holdings in Casey's General Stores, Inc. (NASDAQ:CASY)

Orion Portfolio Solutions LLC grew its stake in shares of Casey's General Stores, Inc. (NASDAQ:CASY - Free Report) by 79.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,215 shares of the company's stock after acquiring an additional 9,394 shares during the period. Orion Portfolio Solutions LLC owned about 0.06% of Casey's General Stores worth $7,971,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in CASY. Innealta Capital LLC bought a new position in shares of Casey's General Stores in the 2nd quarter worth about $32,000. Venturi Wealth Management LLC lifted its position in Casey's General Stores by 941.7% in the 3rd quarter. Venturi Wealth Management LLC now owns 125 shares of the company's stock valued at $47,000 after purchasing an additional 113 shares during the last quarter. V Square Quantitative Management LLC lifted its position in Casey's General Stores by 22.5% in the 3rd quarter. V Square Quantitative Management LLC now owns 158 shares of the company's stock valued at $59,000 after purchasing an additional 29 shares during the last quarter. Ashton Thomas Private Wealth LLC bought a new stake in Casey's General Stores in the 2nd quarter valued at about $68,000. Finally, Quarry LP bought a new stake in Casey's General Stores in the 2nd quarter valued at about $72,000. 85.63% of the stock is owned by institutional investors and hedge funds.

Casey's General Stores Stock Down 1.0 %

Shares of CASY stock traded down $4.16 during trading on Monday, hitting $418.11. 473,938 shares of the company were exchanged, compared to its average volume of 265,554. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.44 and a current ratio of 0.84. The firm has a market capitalization of $15.52 billion, a price-to-earnings ratio of 30.43 and a beta of 0.80. The business's 50-day simple moving average is $400.82 and its 200 day simple moving average is $379.67. Casey's General Stores, Inc. has a twelve month low of $266.56 and a twelve month high of $435.60.

Casey's General Stores (NASDAQ:CASY - Get Free Report) last posted its earnings results on Monday, December 9th. The company reported $4.85 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $4.29 by $0.56. Casey's General Stores had a net margin of 3.40% and a return on equity of 17.07%. The firm had revenue of $3.95 billion during the quarter, compared to analysts' expectations of $4.03 billion. During the same period in the previous year, the company earned $4.24 earnings per share. The company's revenue was down 2.9% compared to the same quarter last year. As a group, analysts forecast that Casey's General Stores, Inc. will post 14.22 EPS for the current fiscal year.

Casey's General Stores Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, February 17th. Investors of record on Monday, February 3rd will be given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 0.48%. Casey's General Stores's dividend payout ratio (DPR) is currently 14.56%.

Insider Buying and Selling

In other Casey's General Stores news, Director Mike Spanos purchased 267 shares of the stock in a transaction on Wednesday, September 18th. The shares were purchased at an average price of $376.18 per share, with a total value of $100,440.06. Following the acquisition, the director now directly owns 2,594 shares of the company's stock, valued at $975,810.92. This represents a 11.47 % increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 0.56% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on CASY. Royal Bank of Canada lifted their price objective on shares of Casey's General Stores from $393.00 to $403.00 and gave the company a "sector perform" rating in a research report on Thursday, September 5th. Evercore ISI boosted their price target on shares of Casey's General Stores from $435.00 to $440.00 and gave the stock an "outperform" rating in a research report on Wednesday, October 16th. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Casey's General Stores from $451.00 to $454.00 and gave the stock a "buy" rating in a research report on Wednesday, November 6th. Benchmark restated a "buy" rating and set a $410.00 price target on shares of Casey's General Stores in a research report on Tuesday, September 10th. Finally, Gordon Haskett started coverage on shares of Casey's General Stores in a research report on Monday, November 4th. They set a "hold" rating and a $400.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $408.25.

About Casey's General Stores

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.