Casey’s General Stores, Inc. $CASY Shares Sold by TD Waterhouse Canada Inc.

TD Waterhouse Canada Inc. trimmed its holdings in Casey’s General Stores, Inc. (NASDAQ:CASY) by 73.9% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,107 shares of the company’s stock after selling 20,148 shares during the quarter. TD Waterhouse Canada Inc.’s holdings in Casey’s General Stores were worth $4,408,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Pension & Wealth Management Advisors Inc. bought a new stake in Casey’s General Stores during the 3rd quarter valued at $151,000. Ellsworth Advisors LLC boosted its position in Casey’s General Stores by 28.9% during the 3rd quarter. Ellsworth Advisors LLC now owns 508 shares of the company’s stock worth $309,000 after acquiring an additional 114 shares during the period. V Square Quantitative Management LLC boosted its position in Casey’s General Stores by 44.5% during the 3rd quarter. V Square Quantitative Management LLC now owns 698 shares of the company’s stock worth $425,000 after acquiring an additional 215 shares during the period. AdvisorNet Financial Inc boosted its position in Casey’s General Stores by 22.2% during the 3rd quarter. AdvisorNet Financial Inc now owns 1,085 shares of the company’s stock worth $709,000 after acquiring an additional 197 shares during the period. Finally, Triasima Portfolio Management inc. grew its stake in shares of Casey’s General Stores by 10.7% in the third quarter. Triasima Portfolio Management inc. now owns 1,442 shares of the company’s stock worth $877,000 after purchasing an additional 139 shares in the last quarter. 85.63% of the stock is currently owned by institutional investors and hedge funds.

Casey’s General Stores Stock Performance

Shares of NASDAQ CASY opened at $693.73 on Tuesday. The stock has a fifty day moving average price of $698.51 and a two-hundred day moving average price of $774.60. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.61 and a current ratio of 1.02. The firm has a market cap of $25.64 billion, a P/E ratio of 33.42, a PEG ratio of 2.25 and a beta of 0.59. Casey’s General Stores, Inc. has a 1 year low of $497.38 and a 1 year high of $927.85.

Casey’s General Stores (NASDAQ:CASY) last issued its quarterly earnings results on Tuesday, September 8th. The company reported $7.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.78 by $0.59. Casey’s General Stores had a return on equity of 19.68% and a net margin of 4.14%. The company had revenue of $5.68 billion for the quarter, compared to analysts’ expectations of $5.56 billion. During the same period last year, the firm earned $5.77 EPS. The firm’s revenue for the quarter was up 24.3% on a year-over-year basis. Research analysts forecast that Casey’s General Stores, Inc. will post 21.43 EPS 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 13th. Investors of record on Sunday, November 1st will be paid a dividend of $0.65 per share. The ex-dividend date of this dividend is Friday, October 30th. This represents a $2.60 annualized dividend and a yield of 0.4%. Casey’s General Stores’s dividend payout ratio (DPR) is currently 12.52%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. Northcoast Research raised Casey’s General Stores from a “neutral” rating to a “buy” rating and set a $950.00 price target on the stock in a report on Monday, July 13th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $933.00 price objective on shares of Casey’s General Stores in a report on Thursday, September 10th. Wall Street Zen lowered shares of Casey’s General Stores from a “buy” rating to a “hold” rating in a research report on Saturday, September 12th. BMO Capital Markets set a $810.00 target price on shares of Casey’s General Stores in a research report on Thursday, September 10th. Finally, Raymond James Financial raised shares of Casey’s General Stores from a “market perform” rating to an “outperform” rating and set a $750.00 target price on the stock in a research note on Thursday, September 10th. Sixteen research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $835.38.

About Casey’s General Stores

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.