Whittier Trust Co. of Nevada Inc. Grows Stock Holdings in Casey’s General Stores, Inc. $CASY

Whittier Trust Co. of Nevada Inc. raised its position in shares of Casey’s General Stores, Inc. (NASDAQ:CASY) by 3.2% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 15,924 shares of the company’s stock after purchasing an additional 491 shares during the period. Whittier Trust Co. of Nevada Inc.’s holdings in Casey’s General Stores were worth $8,125,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Summit Securities Group LLC purchased a new position in shares of Casey’s General Stores in the first quarter worth about $32,000. Iron Horse Wealth Management LLC increased its holdings in shares of Casey’s General Stores by 40.0% in 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. WPG Advisers LLC purchased a new position in shares of Casey’s General Stores in the first quarter worth about $47,000. Thurston Springer Miller Herd & Titak Inc. increased its holdings in shares of Casey’s General Stores by 242.9% in 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 during the period. Finally, Wayfinding Financial LLC purchased a new position in shares of Casey’s General Stores in the first quarter worth about $59,000. Hedge funds and other institutional investors own 85.63% of the company’s stock.

Casey’s General Stores Stock Down 0.5%

CASY stock opened at $564.40 on Tuesday. Casey’s General Stores, Inc. has a fifty-two week low of $372.08 and a fifty-two week high of $572.18. The business’s 50 day moving average price is $535.05 and its two-hundred day moving average price is $499.52. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.61 and a current ratio of 1.03. The company has a market capitalization of $20.98 billion, a price-to-earnings ratio of 36.23 and a beta of 0.68.

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. 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 the consensus estimate of $4.47 billion. During the same quarter in the prior year, the business earned $4.83 EPS. The business’s revenue for the quarter was up 11.5% on a year-over-year basis. As a group, analysts forecast that Casey’s General Stores, Inc. will post 13.94 earnings per share for the current fiscal year.

Casey’s General Stores Dividend Announcement

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 dividend of $0.57 per share. The ex-dividend date is Friday, October 31st. This represents a $2.28 dividend on an annualized basis and a dividend yield of 0.4%. Casey’s General Stores’s dividend payout ratio is 14.63%.

Insider Buying and Selling at Casey’s General Stores

In other news, insider Chad Michael Frazell sold 3,487 shares of the business’s stock in a transaction that occurred on Monday, September 29th. The stock was sold at an average price of $555.40, for a total value of $1,936,679.80. Following the sale, the insider directly owned 7,993 shares of the company’s stock, valued at $4,439,312.20. The trade was a 30.37% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 0.54% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently commented on CASY shares. Zacks Research upgraded Casey’s General Stores from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 15th. Jefferies Financial Group boosted their price target on Casey’s General Stores from $575.00 to $600.00 and gave the company a “buy” rating in a report on Tuesday, September 9th. KeyCorp boosted their price target on Casey’s General Stores from $550.00 to $575.00 and gave the company an “overweight” rating in a report on Friday, July 25th. Wells Fargo & Company initiated coverage on Casey’s General Stores in a report on Wednesday, October 15th. They set an “overweight” rating and a $610.00 price target on the stock. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Casey’s General Stores in a report on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $536.10.

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.