Swiss Life Asset Management Ltd Acquires 749 Shares of Casey’s General Stores, Inc. $CASY

Swiss Life Asset Management Ltd increased its holdings in Casey’s General Stores, Inc. (NASDAQ:CASYFree Report) by 43.3% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 2,480 shares of the company’s stock after buying an additional 749 shares during the period. Swiss Life Asset Management Ltd’s holdings in Casey’s General Stores were worth $1,371,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. UNIVEST FINANCIAL Corp boosted its stake in Casey’s General Stores by 4.2% in the 4th quarter. UNIVEST FINANCIAL Corp now owns 9,256 shares of the company’s stock worth $5,116,000 after purchasing an additional 377 shares during the period. NewEdge Wealth LLC bought a new stake in shares of Casey’s General Stores during the fourth quarter valued at about $284,000. Denali Advisors LLC increased its position in shares of Casey’s General Stores by 262.9% during the fourth quarter. Denali Advisors LLC now owns 7,008 shares of the company’s stock valued at $3,873,000 after buying an additional 5,077 shares during the period. Crossmark Global Holdings Inc. increased its position in shares of Casey’s General Stores by 6.7% during the fourth quarter. Crossmark Global Holdings Inc. now owns 923 shares of the company’s stock valued at $510,000 after buying an additional 58 shares during the period. Finally, JLB & Associates Inc. increased its position in shares of Casey’s General Stores by 3.4% during the fourth quarter. JLB & Associates Inc. now owns 51,123 shares of the company’s stock valued at $28,256,000 after buying an additional 1,667 shares during the period. 85.63% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

CASY has been the topic of several analyst reports. KeyCorp upped their price target on Casey’s General Stores from $830.00 to $860.00 and gave the company an “overweight” rating in a research report on Friday, April 24th. JPMorgan Chase & Co. assumed coverage on shares of Casey’s General Stores in a report on Thursday, March 26th. They issued a “neutral” rating and a $719.00 price target for the company. Evercore reissued an “outperform” rating and issued a $780.00 price target on shares of Casey’s General Stores in a report on Tuesday, April 21st. Weiss Ratings reissued a “buy (b)” rating on shares of Casey’s General Stores in a report on Friday, March 27th. Finally, BMO Capital Markets reissued a “market perform” rating and issued a $700.00 price target on shares of Casey’s General Stores in a report on Wednesday, March 4th. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $725.09.

Check Out Our Latest Stock Report on Casey’s General Stores

Insider Activity

In other Casey’s General Stores news, insider Katrina S. Lindsey sold 200 shares of Casey’s General Stores stock in a transaction dated Wednesday, March 11th. The stock was sold at an average price of $683.04, for a total transaction of $136,608.00. Following the completion of the sale, the insider owned 4,039 shares of the company’s stock, valued at $2,758,798.56. The trade was a 4.72% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Mike Spanos purchased 300 shares of the company’s stock in a transaction on Friday, March 13th. The shares were purchased at an average cost of $665.43 per share, with a total value of $199,629.00. Following the purchase, the director owned 4,499 shares of the company’s stock, valued at approximately $2,993,769.57. The trade was a 7.14% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders own 0.54% of the company’s stock.

Casey’s General Stores Price Performance

Shares of NASDAQ CASY opened at $852.75 on Friday. The firm has a market capitalization of $31.52 billion, a P/E ratio of 48.95, a P/E/G ratio of 2.43 and a beta of 0.65. The company has a quick ratio of 0.64, a current ratio of 1.04 and a debt-to-equity ratio of 0.61. The stock’s 50-day simple moving average is $751.84 and its two-hundred day simple moving average is $647.10. Casey’s General Stores, Inc. has a twelve month low of $433.16 and a twelve month high of $901.00.

Casey’s General Stores (NASDAQ:CASYGet Free Report) last released its quarterly earnings results on Monday, March 9th. The company reported $3.49 EPS for the quarter, topping analysts’ consensus estimates of $2.94 by $0.55. Casey’s General Stores had a net margin of 3.83% and a return on equity of 17.56%. The business had revenue of $3.92 billion during the quarter, compared to analysts’ expectations of $4.08 billion. During the same quarter in the previous year, the company earned $2.33 EPS. The business’s quarterly revenue was up .3% compared to the same quarter last year. As a group, equities analysts anticipate that Casey’s General Stores, Inc. will post 18.24 EPS for the current fiscal year.

Casey’s General Stores Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, May 15th. Shareholders of record on Friday, May 1st were paid a dividend of $0.57 per share. The ex-dividend date of this dividend was Friday, May 1st. This represents a $2.28 annualized dividend and a yield of 0.3%. Casey’s General Stores’s payout ratio is 13.09%.

About Casey’s General Stores

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Casey's General Stores (NASDAQ:CASY)

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