Independent Solutions Wealth Management LLC Acquires 135 Shares of Casey’s General Stores, Inc. $CASY

Independent Solutions Wealth Management LLC lifted its position in Casey’s General Stores, Inc. (NASDAQ:CASY) by 2.6% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 5,317 shares of the company’s stock after purchasing an additional 135 shares during the period. Independent Solutions Wealth Management LLC’s holdings in Casey’s General Stores were worth $2,713,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also made changes to their positions in the company. Summit Securities Group LLC bought a new stake in Casey’s General Stores in the 1st quarter worth approximately $32,000. Iron Horse Wealth Management LLC grew 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 in the last quarter. WPG Advisers LLC acquired a new stake in shares of Casey’s General Stores in the 1st quarter valued at about $47,000. Thurston Springer Miller Herd & Titak Inc. raised its stake 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 purchasing an additional 68 shares during the last quarter. Finally, Wayfinding Financial LLC acquired a new position in Casey’s General Stores during the first quarter worth about $59,000. 85.63% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Casey’s General Stores

In related news, insider Chad Michael Frazell sold 3,487 shares of the firm’s 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 completion of the sale, the insider directly owned 7,993 shares in the company, valued at approximately $4,439,312.20. This trade represents a 30.37% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 0.54% of the company’s stock.

Casey’s General Stores Stock Down 1.5%

Shares of CASY opened at $558.82 on Tuesday. The stock’s 50-day moving average price is $527.08 and its 200-day moving average price is $490.44. Casey’s General Stores, Inc. has a 52 week low of $368.16 and a 52 week high of $571.57. The company has a market capitalization of $20.78 billion, a price-to-earnings ratio of 35.87 and a beta of 0.68. The company has a quick ratio of 0.61, a current ratio of 1.03 and a debt-to-equity ratio of 0.65.

Casey’s General Stores (NASDAQ:CASY) last announced its earnings results on Monday, September 8th. The company reported $5.77 earnings per share (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 company had revenue of $4.57 billion for the quarter, compared to analyst estimates of $4.47 billion. During the same quarter in the previous year, the company earned $4.83 earnings per share. The firm’s quarterly revenue was up 11.5% compared to the same quarter last year. On average, sell-side analysts predict that Casey’s General Stores, Inc. will post 13.94 EPS for the current 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 given a $0.57 dividend. The ex-dividend date is Friday, October 31st. This represents a $2.28 annualized dividend and a yield of 0.4%. Casey’s General Stores’s dividend payout ratio is 14.63%.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on CASY shares. Weiss Ratings reissued a “buy (b)” rating on shares of Casey’s General Stores in a report on Saturday, September 27th. Royal Bank Of Canada boosted their price target on Casey’s General Stores from $468.00 to $542.00 and gave the company a “sector perform” rating in a research note on Wednesday, July 9th. Stephens restated an “overweight” rating and issued a $530.00 price target on shares of Casey’s General Stores in a report on Tuesday, September 9th. KeyCorp raised their price objective 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. Finally, BMO Capital Markets raised their price target on shares of Casey’s General Stores from $515.00 to $540.00 and gave the stock a “market perform” rating in a research report on Wednesday, September 10th. Eight analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $529.10.

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.