Great Lakes Advisors LLC Has $718,000 Stock Holdings in Casey’s General Stores, Inc. $CASY

Great Lakes Advisors LLC grew its position in shares of Casey’s General Stores, Inc. (NASDAQ:CASY) by 3.4% during the 1st quarter, Holdings Channel reports. The institutional investor owned 1,655 shares of the company’s stock after buying an additional 54 shares during the quarter. Great Lakes Advisors LLC’s holdings in Casey’s General Stores were worth $718,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently modified their holdings of the business. Laidlaw Wealth Management LLC increased its position in Casey’s General Stores by 4.8% during the first quarter. Laidlaw Wealth Management LLC now owns 1,114 shares of the company’s stock worth $484,000 after acquiring an additional 51 shares during the period. Kestra Investment Management LLC grew its position in shares of Casey’s General Stores by 28.8% during the 1st quarter. Kestra Investment Management LLC now owns 3,155 shares of the company’s stock worth $1,369,000 after purchasing an additional 705 shares in the last quarter. Third Point LLC bought a new position in shares of Casey’s General Stores during the first quarter worth approximately $130,212,000. Select Equity Group L.P. raised its position in shares of Casey’s General Stores by 228.6% in the first quarter. Select Equity Group L.P. now owns 99,056 shares of the company’s stock valued at $42,994,000 after buying an additional 68,912 shares in the last quarter. Finally, Rip Road Capital Partners LP boosted its stake in shares of Casey’s General Stores by 4.2% in the first quarter. Rip Road Capital Partners LP now owns 15,278 shares of the company’s stock valued at $6,631,000 after buying an additional 612 shares during the period. Institutional investors own 85.63% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the company. KeyCorp raised their price objective on Casey’s General Stores from $550.00 to $575.00 and gave the stock an “overweight” rating in a research note on Friday, July 25th. BMO Capital Markets raised their price target on Casey’s General Stores from $515.00 to $540.00 and gave the stock a “market perform” rating in a research report on Wednesday. Stephens reaffirmed an “overweight” rating and issued a $530.00 price target on shares of Casey’s General Stores in a research note on Tuesday. Royal Bank Of Canada upped their price objective on shares of Casey’s General Stores from $468.00 to $542.00 and gave the stock a “sector perform” rating in a research report on Wednesday, July 9th. Finally, The Goldman Sachs Group raised their target price on shares of Casey’s General Stores from $450.00 to $490.00 and gave the company a “neutral” rating in a report on Wednesday. Eight equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $505.25.

Casey’s General Stores Price Performance

CASY stock opened at $553.99 on Friday. The stock has a market cap of $20.60 billion, a price-to-earnings ratio of 35.56 and a beta of 0.66. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.03 and a quick ratio of 0.48. The company has a 50 day simple moving average of $515.51 and a 200 day simple moving average of $471.14. Casey’s General Stores, Inc. has a 1 year low of $362.42 and a 1 year high of $557.38.

Casey’s General Stores (NASDAQ:CASY) last posted its earnings results on Monday, September 8th. The company reported $5.77 earnings per share for the quarter, topping analysts’ consensus estimates of $5.02 by $0.75. The firm had revenue of $4.57 billion for the quarter, compared to analysts’ expectations of $4.47 billion. Casey’s General Stores had a net margin of 3.54% and a return on equity of 16.73%. The company’s revenue was up 11.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $4.83 earnings per share. Research analysts anticipate that Casey’s General Stores, Inc. will post 13.94 EPS for the current fiscal year.

Casey’s General Stores Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, November 14th. Shareholders of record on Saturday, November 1st will be issued a $0.57 dividend. This represents a $2.28 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date of this dividend is Friday, October 31st. Casey’s General Stores’s dividend payout ratio is presently 14.63%.

Insider Activity

In other news, CEO Darren M. Rebelez sold 20,000 shares of the business’s stock in a transaction dated Tuesday, June 17th. The stock was sold at an average price of $507.83, for a total transaction of $10,156,600.00. Following the sale, the chief executive officer directly owned 89,840 shares in the company, valued at approximately $45,623,447.20. The trade was a 18.21% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Katrina S. Lindsey sold 2,000 shares of the company’s stock in a transaction that occurred on Tuesday, June 17th. The shares were sold at an average price of $506.07, for a total value of $1,012,140.00. Following the completion of the transaction, the insider directly owned 4,636 shares of the company’s stock, valued at $2,346,140.52. This represents a 30.14% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 42,646 shares of company stock valued at $21,634,454. 0.54% of the stock is currently owned by company insiders.

About Casey’s General Stores

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.