206,818 Shares in Casey’s General Stores, Inc. $CASY Purchased by Corient Private Wealth LP

Corient Private Wealth LP purchased a new position in shares of Casey’s General Stores, Inc. (NASDAQ:CASY) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 206,818 shares of the company’s stock, valued at approximately $164,376,000. Corient Private Wealth LP owned about 0.56% of Casey’s General Stores as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Geode Capital Management LLC grew its stake in shares of Casey’s General Stores by 7.4% in the fourth quarter. Geode Capital Management LLC now owns 760,438 shares of the company’s stock valued at $420,416,000 after acquiring an additional 52,250 shares in the last quarter. Daiichi Life Insurance Co. Ltd. bought a new position in Casey’s General Stores during the second quarter worth about $1,222,000. Burns J W & Co. Inc. NY raised its stake in Casey’s General Stores by 103.5% in the 1st 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 in the last quarter. North Dakota State Investment Board acquired a new stake in Casey’s General Stores in the 4th quarter worth about $720,000. Finally, Jackson Creek Investment Advisors LLC bought a new stake in Casey’s General Stores in the 4th quarter valued at about $1,338,000. Institutional investors own 85.63% of the company’s stock.

Casey’s General Stores Stock Performance

Shares of NASDAQ:CASY opened at $807.12 on Thursday. Casey’s General Stores, Inc. has a 1 year low of $490.00 and a 1 year high of $927.85. The stock has a market capitalization of $29.87 billion, a price-to-earnings ratio of 42.13, a price-to-earnings-growth ratio of 2.82 and a beta of 0.61. 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 company’s 50 day simple moving average is $835.23 and its 200 day simple moving average is $780.78.

Casey’s General Stores (NASDAQ:CASY) last released its earnings results on Tuesday, June 9th. The company reported $4.37 earnings per share for the quarter, topping the consensus estimate of $3.31 by $1.06. The firm had revenue of $4.57 billion during the quarter, compared to analysts’ expectations of $4.33 billion. Casey’s General Stores had a return on equity of 18.73% and a net margin of 4.07%.The company’s quarterly revenue was up 14.5% on a year-over-year basis. During the same period in the prior year, the company earned $2.63 earnings per share. As a group, research analysts predict that Casey’s General Stores, Inc. will post 21.11 EPS for the current fiscal year.

Casey’s General Stores Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 14th. Stockholders of record on Saturday, August 1st were issued a dividend of $0.65 per share. This represents a $2.60 annualized dividend and a dividend yield of 0.3%. This is a boost from Casey’s General Stores’s previous quarterly dividend of $0.57. The ex-dividend date was Friday, July 31st. Casey’s General Stores’s dividend payout ratio (DPR) is currently 13.57%.

Analyst Ratings Changes

CASY has been the topic of a number of analyst reports. JPMorgan Chase & Co. increased their target price on shares of Casey’s General Stores from $719.00 to $975.00 and gave the stock a “neutral” rating in a research report on Friday, June 12th. Zacks Research downgraded shares of Casey’s General Stores from a “strong-buy” rating to a “hold” rating in a research report on Friday, June 5th. Wolfe Research reiterated an “outperform” rating and issued a $1,069.00 price target on shares of Casey’s General Stores in a research note on Thursday, June 11th. Stephens set a $975.00 price target on Casey’s General Stores and gave the stock an “overweight” rating in a research report on Friday, June 12th. Finally, Northcoast Research upgraded Casey’s General Stores from a “neutral” rating to a “buy” rating and set a $950.00 price objective on the stock in a research note on Monday, July 13th. Fourteen investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $944.20.

Insider Transactions at Casey’s General Stores

In other Casey’s General Stores news, CFO Stephen P. Bramlage, Jr. sold 5,700 shares of the stock in a transaction dated Wednesday, July 8th. The stock was sold at an average price of $838.16, for a total value of $4,777,512.00. Following the completion of the transaction, the chief financial officer directly owned 29,677 shares in the company, valued at approximately $24,874,074.32. This trade represents a 16.11% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Darren M. Rebelez sold 19,000 shares of Casey’s General Stores stock in a transaction that occurred on Tuesday, July 7th. The stock was sold at an average price of $801.46, for a total transaction of $15,227,740.00. Following the sale, the chief executive officer owned 89,174 shares in the company, valued at approximately $71,469,394.04. This represents a 17.56% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 30,243 shares of company stock valued at $24,421,877. 0.67% of the stock is currently owned by corporate insiders.

Casey’s General Stores Company 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.