RWA Wealth Partners LLC Makes New Investment in Casey’s General Stores, Inc. $CASY

RWA Wealth Partners LLC acquired a new position in shares of Casey’s General Stores, Inc. (NASDAQ:CASY) in the third quarter, HoldingsChannel.com reports. The firm acquired 3,418 shares of the company’s stock, valued at approximately $1,932,000.

Several other hedge funds also recently modified their holdings of CASY. Vontobel Holding Ltd. increased its position in shares of Casey’s General Stores by 129.1% in the third quarter. Vontobel Holding Ltd. now owns 890,884 shares of the company’s stock valued at $503,635,000 after acquiring an additional 502,104 shares during the last quarter. Franklin Resources Inc. boosted its position in Casey’s General Stores by 0.3% during the second quarter. Franklin Resources Inc. now owns 708,893 shares of the company’s stock valued at $361,727,000 after purchasing an additional 2,467 shares during the last quarter. Invesco Ltd. grew its stake in Casey’s General Stores by 71.7% in the second quarter. Invesco Ltd. now owns 483,907 shares of the company’s stock valued at $246,923,000 after purchasing an additional 202,033 shares in the last quarter. Norges Bank acquired a new position in shares of Casey’s General Stores during the 2nd quarter worth approximately $210,151,000. Finally, Third Point LLC increased its position in shares of Casey’s General Stores by 20.0% during the 2nd quarter. Third Point LLC now owns 360,000 shares of the company’s stock worth $183,697,000 after purchasing an additional 60,000 shares during the last quarter. Institutional investors own 85.63% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently commented on CASY shares. Zacks Research downgraded Casey’s General Stores from a “strong-buy” rating to a “hold” rating in a report on Monday. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $662.00 price target on shares of Casey’s General Stores in a research report on Friday, January 23rd. Wells Fargo & Company increased their price target on shares of Casey’s General Stores from $610.00 to $625.00 and gave the company an “overweight” rating in a research note on Tuesday, December 2nd. Weiss Ratings reissued a “buy (b)” rating on shares of Casey’s General Stores in a research report on Monday, December 29th. Finally, UBS Group reaffirmed a “neutral” rating on shares of Casey’s General Stores in a report on Thursday, December 11th. Eight equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $621.00.

Insiders Place Their Bets

In related news, Director Moats Maria Castanon acquired 300 shares of the business’s stock in a transaction on Monday, January 5th. The stock was purchased at an average cost of $554.66 per share, for a total transaction of $166,398.00. Following the completion of the transaction, the director directly owned 803 shares of the company’s stock, valued at approximately $445,391.98. The trade was a 59.64% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.54% of the stock is currently owned by corporate insiders.

Casey’s General Stores Trading Up 1.0%

Shares of Casey’s General Stores stock opened at $682.35 on Friday. The business has a fifty day simple moving average of $618.76 and a two-hundred day simple moving average of $566.91. Casey’s General Stores, Inc. has a 1 year low of $372.08 and a 1 year high of $685.79. The company has a market capitalization of $25.29 billion, a price-to-earnings ratio of 41.96, a P/E/G ratio of 2.39 and a beta of 0.68. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.05 and a quick ratio of 0.65.

Casey’s General Stores (NASDAQ:CASY) last released its quarterly earnings data on Tuesday, December 9th. The company reported $5.53 EPS for the quarter, beating the consensus estimate of $4.92 by $0.61. The firm had revenue of $4.51 billion for the quarter, compared to the consensus estimate of $4.51 billion. Casey’s General Stores had a net margin of 3.58% and a return on equity of 16.89%. The company’s quarterly revenue was up 14.2% on a year-over-year basis. During the same period in the previous year, the company earned $4.85 earnings per share. Research analysts forecast that Casey’s General Stores, Inc. will post 13.94 EPS for the current year.

Casey’s General Stores Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 13th. Investors of record on Sunday, February 1st were paid a $0.57 dividend. The ex-dividend date was Friday, January 30th. This represents a $2.28 dividend on an annualized basis and a yield of 0.3%. Casey’s General Stores’s dividend payout ratio is 14.02%.

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.