Corient Private Wealth LLC Purchases 24,925 Shares of Casey's General Stores, Inc. (NASDAQ:CASY)

Corient Private Wealth LLC boosted its position in Casey's General Stores, Inc. (NASDAQ:CASY - Free Report) by 30.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 107,628 shares of the company's stock after acquiring an additional 24,925 shares during the quarter. Corient Private Wealth LLC owned 0.29% of Casey's General Stores worth $42,646,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. Private Trust Co. NA increased its position in Casey's General Stores by 1.3% during the 3rd quarter. Private Trust Co. NA now owns 2,072 shares of the company's stock worth $778,000 after purchasing an additional 27 shares in the last quarter. MassMutual Private Wealth & Trust FSB boosted its holdings in shares of Casey's General Stores by 24.2% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 149 shares of the company's stock valued at $59,000 after acquiring an additional 29 shares in the last quarter. Laidlaw Wealth Management LLC increased its holdings in Casey's General Stores by 3.1% in the 4th quarter. Laidlaw Wealth Management LLC now owns 1,063 shares of the company's stock worth $421,000 after purchasing an additional 32 shares in the last quarter. CIBC Asset Management Inc raised its position in Casey's General Stores by 3.3% in the third quarter. CIBC Asset Management Inc now owns 1,078 shares of the company's stock valued at $405,000 after purchasing an additional 34 shares during the last quarter. Finally, M&T Bank Corp boosted its stake in shares of Casey's General Stores by 2.1% during the fourth quarter. M&T Bank Corp now owns 1,802 shares of the company's stock valued at $714,000 after purchasing an additional 37 shares in the last quarter. 85.63% of the stock is currently owned by institutional investors and hedge funds.

Remove Ads

Casey's General Stores Stock Up 2.3 %

CASY traded up $9.16 during midday trading on Friday, hitting $404.00. The company had a trading volume of 493,273 shares, compared to its average volume of 268,574. The company has a market capitalization of $15.00 billion, a price-to-earnings ratio of 28.15, a PEG ratio of 2.40 and a beta of 0.87. The stock's 50 day moving average price is $409.84 and its 200 day moving average price is $400.51. The company has a quick ratio of 0.49, a current ratio of 0.88 and a debt-to-equity ratio of 0.74. Casey's General Stores, Inc. has a 52 week low of $306.45 and a 52 week high of $445.17.

Casey's General Stores (NASDAQ:CASY - Get Free Report) last released its quarterly earnings data on Tuesday, March 11th. The company reported $2.33 EPS for the quarter, beating the consensus estimate of $1.76 by $0.57. Casey's General Stores had a return on equity of 17.17% and a net margin of 3.57%. The firm had revenue of $3.90 billion during the quarter, compared to the consensus estimate of $3.74 billion. During the same quarter in the previous year, the company posted $2.33 earnings per share. The company's quarterly revenue was up 17.2% on a year-over-year basis. On average, research analysts anticipate 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 firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Thursday, May 1st will be issued a dividend of $0.50 per share. The ex-dividend date of this dividend is Thursday, May 1st. This represents a $2.00 annualized dividend and a yield of 0.50%. Casey's General Stores's payout ratio is 13.94%.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on CASY. Gordon Haskett raised shares of Casey's General Stores from a "hold" rating to a "buy" rating in a report on Thursday, February 13th. StockNews.com lowered Casey's General Stores from a "buy" rating to a "hold" rating in a research report on Saturday, March 8th. BMO Capital Markets reissued a "market perform" rating and issued a $450.00 price target (up previously from $400.00) on shares of Casey's General Stores in a research note on Wednesday, December 18th. Royal Bank of Canada set a $438.00 price objective on Casey's General Stores and gave the stock a "sector perform" rating in a research note on Wednesday, March 12th. Finally, Evercore ISI decreased their target price on shares of Casey's General Stores from $460.00 to $450.00 and set an "outperform" rating for the company in a research report on Tuesday, March 11th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $423.09.

Insider Buying and Selling at Casey's General Stores

In related news, Director Mike Spanos bought 256 shares of the business's stock in a transaction that occurred on Thursday, March 13th. The shares were bought at an average price of $390.54 per share, with a total value of $99,978.24. Following the completion of the transaction, the director now directly owns 3,356 shares in the company, valued at approximately $1,310,652.24. This represents a 8.26 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 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.