Congress Asset Management Co. Sells 35,151 Shares of Casey’s General Stores, Inc. $CASY

Congress Asset Management Co. trimmed its holdings in shares of Casey’s General Stores, Inc. (NASDAQ:CASY) by 12.9% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 238,024 shares of the company’s stock after selling 35,151 shares during the quarter. Congress Asset Management Co. owned about 0.64% of Casey’s General Stores worth $121,456,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the business. Dakota Wealth Management boosted its holdings in Casey’s General Stores by 2,342.0% in the 2nd quarter. Dakota Wealth Management now owns 26,667 shares of the company’s stock valued at $13,608,000 after purchasing an additional 25,575 shares during the period. TD Private Client Wealth LLC boosted its stake in shares of Casey’s General Stores by 2,250.0% in the second quarter. TD Private Client Wealth LLC now owns 799 shares of the company’s stock valued at $408,000 after buying an additional 765 shares during the period. Accurate Wealth Management LLC grew its position in Casey’s General Stores by 3.9% during the second quarter. Accurate Wealth Management LLC now owns 727 shares of the company’s stock worth $381,000 after buying an additional 27 shares in the last quarter. CHICAGO TRUST Co NA grew its position in Casey’s General Stores by 33.7% during the second quarter. CHICAGO TRUST Co NA now owns 961 shares of the company’s stock worth $490,000 after buying an additional 242 shares in the last quarter. Finally, Foster Group Inc. raised its holdings in Casey’s General Stores by 9.2% in the 2nd quarter. Foster Group Inc. now owns 7,813 shares of the company’s stock valued at $3,987,000 after acquiring an additional 660 shares in the last quarter. Institutional investors own 85.63% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on CASY shares. KeyCorp upped their target price on Casey’s General Stores from $550.00 to $575.00 and gave the company an “overweight” rating in a research report on Friday, July 25th. Jefferies Financial Group increased their price objective on shares of Casey’s General Stores from $575.00 to $600.00 and gave the stock a “buy” rating in a research note on Tuesday, September 9th. Wells Fargo & Company raised their target price on shares of Casey’s General Stores from $540.00 to $580.00 and gave the company an “overweight” rating in a report on Monday, September 8th. Stephens restated an “overweight” rating and issued a $530.00 target price on shares of Casey’s General Stores in a research report on Tuesday, September 9th. Finally, Evercore ISI increased their price target on shares of Casey’s General Stores from $560.00 to $580.00 and gave the stock an “outperform” rating in a research report on Wednesday, September 10th. Seven investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, Casey’s General Stores has an average rating of “Moderate Buy” and an average price target of $529.10.

Insider Buying and Selling at Casey’s General Stores

In other news, Director Mike Spanos acquired 200 shares of the business’s stock in a transaction that occurred on Monday, June 30th. The shares were bought at an average price of $503.18 per share, with a total value of $100,636.00. Following the acquisition, the director directly owned 3,560 shares in the company, valued at $1,791,320.80. The trade was a 5.95% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CFO Stephen P. Bramlage, Jr. sold 760 shares of the company’s stock in a transaction dated Wednesday, July 2nd. The stock was sold at an average price of $507.56, for a total value of $385,745.60. Following the completion of the transaction, the chief financial officer directly owned 25,994 shares of the company’s stock, valued at approximately $13,193,514.64. The trade was a 2.84% decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.54% of the company’s stock.

Casey’s General Stores Stock Down 0.7%

CASY stock opened at $543.13 on Friday. The firm has a 50-day moving average price of $521.76 and a 200-day moving average price of $481.11. Casey’s General Stores, Inc. has a 12 month low of $363.00 and a 12 month high of $571.57. The company has a current ratio of 1.03, a quick ratio of 0.61 and a debt-to-equity ratio of 0.65. The stock has a market capitalization of $20.19 billion, a P/E ratio of 34.86 and a beta of 0.66.

Casey’s General Stores (NASDAQ:CASY) last released its quarterly earnings data on Monday, September 8th. The company reported $5.77 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.02 by $0.75. The business had revenue of $4.57 billion during 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 firm’s quarterly revenue was up 11.5% compared to the same quarter last year. During the same period in the prior year, the company earned $4.83 EPS. As a group, equities 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 declared a quarterly dividend, which will be paid on Friday, November 14th. Stockholders of record on Saturday, November 1st will be paid a $0.57 dividend. This represents a $2.28 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date is Friday, October 31st. Casey’s General Stores’s dividend payout ratio is presently 14.63%.

Casey’s General Stores Company 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.