Whittier Trust Co. Raises Holdings in Casey’s General Stores, Inc. (NASDAQ:CASY)

Whittier Trust Co. boosted its stake in shares of Casey’s General Stores, Inc. (NASDAQ:CASY) by 4.3% in the fourth quarter, Holdings Channel reports. The institutional investor owned 27,751 shares of the company’s stock after acquiring an additional 1,153 shares during the period. Whittier Trust Co.’s holdings in Casey’s General Stores were worth $10,995,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. YANKCOM Partnership purchased a new position in shares of Casey’s General Stores in the 4th quarter worth approximately $34,000. Endeavor Private Wealth Inc. purchased a new stake in Casey’s General Stores during the fourth quarter valued at approximately $36,000. MassMutual Private Wealth & Trust FSB boosted its stake in Casey’s General Stores by 24.2% in the fourth 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. Heck Capital Advisors LLC purchased a new position in Casey’s General Stores in the fourth quarter worth $79,000. Finally, V Square Quantitative Management LLC grew its holdings in Casey’s General Stores by 32.9% in the fourth quarter. V Square Quantitative Management LLC now owns 210 shares of the company’s stock worth $83,000 after purchasing an additional 52 shares during the last quarter. Institutional investors own 85.63% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the company. BMO Capital Markets reissued a “market perform” rating and issued a $450.00 price objective (up previously from $400.00) on shares of Casey’s General Stores in a research report on Wednesday, December 18th. Royal Bank of Canada set a $438.00 price target on Casey’s General Stores and gave the stock a “sector perform” rating in a research note on Wednesday, March 12th. Gordon Haskett upgraded shares of Casey’s General Stores from a “hold” rating to a “buy” rating in a report on Thursday, February 13th. Evercore ISI lowered 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 note on Tuesday, March 11th. Finally, StockNews.com lowered shares of Casey’s General Stores from a “buy” rating to a “hold” rating in a research note on Saturday, March 8th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $423.09.

Insider Transactions at Casey’s General Stores

In other news, Director Mike Spanos purchased 256 shares of the stock in a transaction that occurred on Thursday, March 13th. The shares were purchased at an average cost of $390.54 per share, with a total value of $99,978.24. Following the completion of the acquisition, the director now owns 3,356 shares of the company’s stock, valued at approximately $1,310,652.24. This represents a 8.26 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.56% of the company’s stock.

Casey’s General Stores Trading Down 1.8 %

Shares of Casey’s General Stores stock opened at $394.84 on Friday. Casey’s General Stores, Inc. has a 1 year low of $306.45 and a 1 year high of $445.17. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.88 and a quick ratio of 0.49. The stock has a market cap of $14.66 billion, a PE ratio of 27.51, a price-to-earnings-growth ratio of 2.40 and a beta of 0.87. The firm has a fifty day moving average price of $409.84 and a 200 day moving average price of $400.51.

Casey’s General Stores (NASDAQ:CASY) last released its quarterly earnings data on Tuesday, March 11th. The company reported $2.33 earnings per share for the quarter, beating analysts’ consensus estimates of $1.76 by $0.57. The business had revenue of $3.90 billion during the quarter, compared to analyst estimates of $3.74 billion. Casey’s General Stores had a return on equity of 17.17% and a net margin of 3.57%. The company’s revenue was up 17.2% on a year-over-year basis. During the same quarter last year, the business posted $2.33 EPS. Equities research analysts predict that Casey’s General Stores, Inc. will post 13.94 earnings per share for the current year.

Casey’s General Stores Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Thursday, May 1st will be given a $0.50 dividend. The ex-dividend date of this dividend is Thursday, May 1st. This represents a $2.00 annualized dividend and a yield of 0.51%. Casey’s General Stores’s dividend payout ratio is presently 13.94%.

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.