Congress Asset Management Co. Has $142.87 Million Stock Holdings in Casey's General Stores, Inc. (NASDAQ:CASY)

Congress Asset Management Co. lessened its stake in shares of Casey's General Stores, Inc. (NASDAQ:CASY - Free Report) by 1.2% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 380,268 shares of the company's stock after selling 4,614 shares during the period. Casey's General Stores comprises 1.0% of Congress Asset Management Co.'s investment portfolio, making the stock its 26th largest holding. Congress Asset Management Co. owned about 1.02% of Casey's General Stores worth $142,871,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently bought and sold shares of CASY. AdvisorNet Financial Inc grew its holdings in shares of Casey's General Stores by 10.1% during the second quarter. AdvisorNet Financial Inc now owns 317 shares of the company's stock valued at $121,000 after buying an additional 29 shares in the last quarter. V Square Quantitative Management LLC grew its stake in Casey's General Stores by 22.5% during the 3rd quarter. V Square Quantitative Management LLC now owns 158 shares of the company's stock valued at $59,000 after acquiring an additional 29 shares in the last quarter. Oppenheimer & Co. Inc. increased its holdings in shares of Casey's General Stores by 0.3% in the 2nd quarter. Oppenheimer & Co. Inc. now owns 12,769 shares of the company's stock valued at $4,872,000 after purchasing an additional 37 shares during the period. Raleigh Capital Management Inc. lifted its position in shares of Casey's General Stores by 12.4% in the third quarter. Raleigh Capital Management Inc. now owns 354 shares of the company's stock worth $133,000 after purchasing an additional 39 shares in the last quarter. Finally, Prairie Wealth Advisors Inc. boosted its holdings in shares of Casey's General Stores by 0.9% during the second quarter. Prairie Wealth Advisors Inc. now owns 4,535 shares of the company's stock worth $1,730,000 after purchasing an additional 40 shares during the period. 85.63% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Casey's General Stores

In related news, Director Mike Spanos bought 267 shares of the business's stock in a transaction that occurred on Wednesday, September 18th. The stock was purchased at an average cost of $376.18 per share, for a total transaction of $100,440.06. Following the purchase, 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 ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other news, CEO Darren M. Rebelez sold 13,500 shares of Casey's General Stores stock in a transaction that occurred on Friday, September 6th. The stock was sold at an average price of $374.54, for a total transaction of $5,056,290.00. Following the sale, the chief executive officer now owns 73,838 shares of the company's stock, valued at approximately $27,655,284.52. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Mike Spanos acquired 267 shares of the stock in a transaction dated Wednesday, September 18th. The shares were purchased at an average price of $376.18 per share, for a total transaction of $100,440.06. Following the completion of the transaction, the director now owns 2,594 shares of the company's stock, valued at $975,810.92. This trade represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. 0.56% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several research analysts have weighed in on CASY shares. JPMorgan Chase & Co. lowered shares of Casey's General Stores from a "neutral" rating to an "underweight" rating and upped their price objective for the company from $300.00 to $337.00 in a research note on Thursday, September 19th. StockNews.com cut Casey's General Stores from a "strong-buy" rating to a "buy" rating in a research report on Saturday, August 3rd. Deutsche Bank Aktiengesellschaft upped their target price on Casey's General Stores from $420.00 to $444.00 and gave the stock a "buy" rating in a research report on Monday, July 29th. Wells Fargo & Company lifted their price target on Casey's General Stores from $415.00 to $425.00 and gave the company an "overweight" rating in a report on Friday, September 6th. Finally, Evercore ISI increased their price objective on 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 equities research analyst has rated the stock with a sell rating, two have issued a hold rating and nine have issued a buy rating to the company's stock. According to MarketBeat, Casey's General Stores currently has a consensus rating of "Moderate Buy" and an average target price of $408.09.

Casey's General Stores Stock Performance

CASY stock traded down $4.29 during midday trading on Thursday, hitting $394.02. 195,305 shares of the company traded hands, compared to its average volume of 270,756. Casey's General Stores, Inc. has a twelve month low of $266.56 and a twelve month high of $401.17. The stock has a market capitalization of $14.62 billion, a price-to-earnings ratio of 28.99 and a beta of 0.80. 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 business has a 50 day simple moving average of $377.61 and a 200-day simple moving average of $362.04.

Casey's General Stores (NASDAQ:CASY - Get Free Report) last posted 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 business had revenue of $4.10 billion for the quarter, compared to analyst estimates of $4.15 billion. During the same period last year, the business posted $4.52 EPS. Casey's General Stores's revenue was up 5.9% compared to the same quarter last year. As a group, equities research analysts predict that Casey's General Stores, Inc. will post 14.01 earnings per share for the current year.

Casey's General Stores Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Friday, November 1st will be issued a dividend of $0.50 per share. The ex-dividend date is Friday, November 1st. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.51%. Casey's General Stores's dividend payout ratio (DPR) is presently 14.56%.

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.