Whittier Trust Co. Increases Stock Holdings in Casey’s General Stores, Inc. $CASY

Whittier Trust Co. increased its holdings in shares of Casey’s General Stores, Inc. (NASDAQ:CASY) by 10.0% during the 1st quarter, Holdings Channel reports. The institutional investor owned 32,745 shares of the company’s stock after purchasing an additional 2,974 shares during the period. Whittier Trust Co.’s holdings in Casey’s General Stores were worth $24,486,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the business. Foster Dykema Cabot & Partners LLC purchased a new stake in Casey’s General Stores in the third quarter valued at about $25,000. Central Pacific Bank Trust Division grew its stake in shares of Casey’s General Stores by 52.8% during the fourth quarter. Central Pacific Bank Trust Division now owns 55 shares of the company’s stock worth $30,000 after acquiring an additional 19 shares during the last quarter. True Wealth Design LLC increased its holdings in shares of Casey’s General Stores by 350.0% during the fourth quarter. True Wealth Design LLC now owns 54 shares of the company’s stock valued at $30,000 after acquiring an additional 42 shares in the last quarter. ORG Partners LLC increased its holdings in shares of Casey’s General Stores by 47.6% during the fourth quarter. ORG Partners LLC now owns 62 shares of the company’s stock valued at $34,000 after acquiring an additional 20 shares in the last quarter. Finally, Vermillion & White Wealth Management Group LLC purchased a new position in shares of Casey’s General Stores in the 3rd quarter valued at approximately $35,000. 85.63% of the stock is owned by institutional investors and hedge funds.

Casey’s General Stores Stock Performance

CASY opened at $797.42 on Monday. The company has a current ratio of 1.01, a quick ratio of 0.60 and a debt-to-equity ratio of 0.59. Casey’s General Stores, Inc. has a 12-month low of $490.00 and a 12-month high of $927.85. The firm has a 50 day moving average of $820.92 and a two-hundred day moving average of $714.01. The firm has a market capitalization of $29.51 billion, a PE ratio of 41.62, a P/E/G ratio of 2.40 and a beta of 0.62.

Casey’s General Stores (NASDAQ:CASY) last released its quarterly earnings data on Tuesday, June 9th. The company reported $4.37 EPS for the quarter, beating the consensus estimate of $3.31 by $1.06. The business had revenue of $4.57 billion for the quarter, compared to the consensus estimate of $4.33 billion. Casey’s General Stores had a net margin of 4.07% and a return on equity of 18.73%. The business’s revenue for the quarter was up 14.5% on a year-over-year basis. During the same period in the prior year, the firm earned $2.63 EPS. On average, analysts anticipate that Casey’s General Stores, Inc. will post 21.05 EPS for the current year.

Casey’s General Stores Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 14th. Shareholders of record on Saturday, August 1st will be issued a $0.65 dividend. The ex-dividend date of this dividend is Friday, July 31st. This is a positive change from Casey’s General Stores’s previous quarterly dividend of $0.57. This represents a $2.60 annualized dividend and a yield of 0.3%. Casey’s General Stores’s dividend payout ratio is currently 11.90%.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on CASY shares. Wells Fargo & Company lifted their target price on shares of Casey’s General Stores from $910.00 to $960.00 and gave the stock an “overweight” rating in a research note on Thursday, June 11th. BNP Paribas Exane cut their price target on shares of Casey’s General Stores from $1,032.00 to $995.00 and set an “outperform” rating on the stock in a research note on Thursday, June 25th. Morgan Stanley raised shares of Casey’s General Stores to a “buy” rating in a report on Wednesday, June 10th. Wall Street Zen upgraded shares of Casey’s General Stores from a “hold” rating to a “buy” rating in a research note on Saturday, June 13th. Finally, BMO Capital Markets raised shares of Casey’s General Stores from a “market perform” rating to an “outperform” rating and set a $950.00 price objective on the stock in a report on Monday, June 29th. Thirteen equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. According to MarketBeat, Casey’s General Stores currently has an average rating of “Moderate Buy” and a consensus target price of $939.29.

Insider Buying and Selling at Casey’s General Stores

In other Casey’s General Stores news, insider Katrina S. Lindsey sold 2,000 shares of Casey’s General Stores stock in a transaction dated Monday, June 29th. The stock was sold at an average price of $800.00, for a total transaction of $1,600,000.00. Following the completion of the transaction, the insider owned 6,668 shares in the company, valued at approximately $5,334,400. This trade represents a 23.07% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Chad Michael Frazell sold 3,013 shares of the business’s stock in a transaction dated Tuesday, June 30th. The shares were sold at an average price of $787.49, for a total value of $2,372,707.37. Following the completion of the transaction, the insider directly owned 9,823 shares of the company’s stock, valued at approximately $7,735,514.27. This trade represents a 23.47% decrease in their position. The SEC filing for this sale provides additional information. 0.54% of the stock is owned by corporate insiders.

Casey’s General Stores Profile

Casey’s General Stores, Inc (NASDAQ: CASY) is a U.S.-based convenience store chain that operates retail fuel stations and food-focused convenience outlets. Founded in 1959 in Boone, Iowa, the company has grown from a single neighborhood store into a regional operator known for combining traditional convenience retailing—fuel, packaged goods and tobacco—with a larger emphasis on fresh and prepared foods.

The company’s stores typically offer gasoline and diesel alongside a range of grocery essentials, grab-and-go items and made-to-order foodservice.