Henshaw Capital LLC Has $3.41 Million Stock Position in Casey’s General Stores, Inc. $CASY

Henshaw Capital LLC reduced its position in shares of Casey’s General Stores, Inc. (NASDAQ:CASY) by 40.5% in the 1st quarter, HoldingsChannel.com reports. The firm owned 4,679 shares of the company’s stock after selling 3,183 shares during the quarter. Henshaw Capital LLC’s holdings in Casey’s General Stores were worth $3,406,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in the business. Geode Capital Management LLC lifted its stake in shares of Casey’s General Stores by 7.4% in the 4th quarter. Geode Capital Management LLC now owns 760,438 shares of the company’s stock valued at $420,416,000 after purchasing an additional 52,250 shares during the period. Burns J W & Co. Inc. NY grew its stake in shares of Casey’s General Stores by 103.5% during the first quarter. Burns J W & Co. Inc. NY now owns 2,448 shares of the company’s stock worth $1,782,000 after purchasing an additional 1,245 shares during the period. North Dakota State Investment Board bought a new stake in Casey’s General Stores in the fourth quarter valued at about $720,000. Jackson Creek Investment Advisors LLC bought a new stake in Casey’s General Stores in the fourth quarter valued at about $1,338,000. Finally, Teachers Retirement System of The State of Kentucky increased its holdings in Casey’s General Stores by 52.0% in the first quarter. Teachers Retirement System of The State of Kentucky now owns 17,079 shares of the company’s stock valued at $12,431,000 after purchasing an additional 5,846 shares during the last quarter. 85.63% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, CEO Darren M. Rebelez sold 19,000 shares of the firm’s stock in a transaction on Tuesday, July 7th. The shares were sold at an average price of $801.46, for a total transaction of $15,227,740.00. Following the sale, the chief executive officer directly owned 89,174 shares in the company, valued at $71,469,394.04. This trade represents a 17.56% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Katrina S. Lindsey sold 2,000 shares of the business’s stock in a transaction on Monday, June 29th. The shares were sold at an average price of $800.00, for a total transaction of $1,600,000.00. Following the completion of the sale, the insider directly owned 6,668 shares in the company, valued at $5,334,400. This represents a 23.07% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 30,243 shares of company stock valued at $24,421,877. 0.67% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. BNP Paribas Exane reduced their target price on Casey’s General Stores from $1,032.00 to $995.00 and set an “outperform” rating on the stock in a report on Thursday, June 25th. Morgan Stanley upgraded shares of Casey’s General Stores to a “buy” rating in a research report on Wednesday, June 10th. Wolfe Research reissued an “outperform” rating and set a $1,069.00 price objective on shares of Casey’s General Stores in a research note on Thursday, June 11th. UBS Group boosted their price objective on shares of Casey’s General Stores from $805.00 to $945.00 and gave the company a “neutral” rating in a report on Thursday, June 11th. Finally, Evercore reaffirmed an “outperform” rating and issued a $990.00 target price on shares of Casey’s General Stores in a research note on Friday, June 12th. Fourteen analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $944.20.

Casey’s General Stores Trading Up 0.4%

NASDAQ:CASY opened at $871.00 on Friday. Casey’s General Stores, Inc. has a fifty-two week low of $490.00 and a fifty-two week high of $927.85. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.01 and a quick ratio of 0.60. The stock has a market capitalization of $32.24 billion, a PE ratio of 45.46, a price-to-earnings-growth ratio of 2.61 and a beta of 0.62. The business’s 50-day simple moving average is $823.78 and its 200-day simple moving average is $752.36.

Casey’s General Stores (NASDAQ:CASY) last issued its quarterly earnings data on Tuesday, June 9th. The company reported $4.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.31 by $1.06. Casey’s General Stores had a return on equity of 18.73% and a net margin of 4.07%.The business had revenue of $4.57 billion during the quarter, compared to analyst estimates of $4.33 billion. During the same period in the previous year, the firm earned $2.63 EPS. Casey’s General Stores’s quarterly revenue was up 14.5% compared to the same quarter last year. Sell-side analysts expect that Casey’s General Stores, Inc. will post 21.14 earnings per share for the current fiscal year.

Casey’s General Stores Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, August 14th. Shareholders of record on Saturday, August 1st will be paid a $0.65 dividend. The ex-dividend date of this dividend is Friday, July 31st. This is an increase from Casey’s General Stores’s previous quarterly dividend of $0.57. This represents a $2.60 dividend on an annualized basis and a yield of 0.3%. Casey’s General Stores’s payout ratio is presently 11.90%.

Casey’s General Stores Profile

Casey’s General Stores, Inc (NASDAQ: CASY) is a U.S.-based convenience store chain that operates retail fuel stations and food-focused convenience outlets. Founded in 1959 in Boone, Iowa, the company has grown from a single neighborhood store into a regional operator known for combining traditional convenience retailing—fuel, packaged goods and tobacco—with a larger emphasis on fresh and prepared foods.

The company’s stores typically offer gasoline and diesel alongside a range of grocery essentials, grab-and-go items and made-to-order foodservice.