DAVENPORT & Co LLC Has $59.01 Million Holdings in Casey’s General Stores, Inc. $CASY

DAVENPORT & Co LLC trimmed its stake in shares of Casey’s General Stores, Inc. (NASDAQ:CASY) by 13.6% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 116,081 shares of the company’s stock after selling 18,298 shares during the period. DAVENPORT & Co LLC’s holdings in Casey’s General Stores were worth $59,010,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Summit Securities Group LLC acquired a new stake in shares of Casey’s General Stores in the 1st quarter valued at about $32,000. Iron Horse Wealth Management LLC boosted its position in shares of Casey’s General Stores by 40.0% during the first quarter. Iron Horse Wealth Management LLC now owns 91 shares of the company’s stock worth $40,000 after buying an additional 26 shares during the period. Thurston Springer Miller Herd & Titak Inc. grew its holdings in shares of Casey’s General Stores by 242.9% during the second quarter. Thurston Springer Miller Herd & Titak Inc. now owns 96 shares of the company’s stock worth $49,000 after buying an additional 68 shares in the last quarter. WPG Advisers LLC acquired a new stake in Casey’s General Stores in the 1st quarter valued at approximately $47,000. Finally, Wayfinding Financial LLC acquired a new stake in Casey’s General Stores in the 1st quarter valued at approximately $59,000. 85.63% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have weighed in on CASY. Stephens reaffirmed an “overweight” rating and set a $530.00 price target on shares of Casey’s General Stores in a research report on Tuesday, September 9th. Royal Bank Of Canada raised their target price on shares of Casey’s General Stores from $468.00 to $542.00 and gave the company a “sector perform” rating in a research report on Wednesday, July 9th. Wells Fargo & Company boosted their price target on shares of Casey’s General Stores from $540.00 to $580.00 and gave the stock an “overweight” rating in a research report on Monday, September 8th. 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. Finally, The Goldman Sachs Group lifted their target price on Casey’s General Stores from $450.00 to $490.00 and gave the company a “neutral” rating in a research report on Wednesday, September 10th. Eight equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, Casey’s General Stores currently has a consensus rating of “Moderate Buy” and an average price target of $529.10.

Insider Activity

In other Casey’s General Stores news, insider Chad Michael Frazell sold 3,487 shares of the stock in a transaction that occurred on Monday, September 29th. The shares were sold at an average price of $555.40, for a total transaction of $1,936,679.80. Following the transaction, the insider owned 7,993 shares in the company, valued at $4,439,312.20. This represents a 30.37% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.54% of the stock is currently owned by insiders.

Casey’s General Stores Stock Performance

NASDAQ:CASY opened at $567.48 on Monday. The stock has a 50 day simple moving average of $526.40 and a 200 day simple moving average of $489.36. The stock has a market cap of $21.10 billion, a P/E ratio of 36.42 and a beta of 0.68. Casey’s General Stores, Inc. has a 1-year low of $366.00 and a 1-year 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.

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

Casey’s General Stores Announces Dividend

The firm also recently disclosed 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. The ex-dividend date of this dividend is Friday, October 31st. This represents a $2.28 dividend on an annualized basis and a yield of 0.4%. Casey’s General Stores’s payout ratio is currently 14.63%.

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.