Wedge Capital Management L L P NC Has $48.65 Million Stock Position in Casey’s General Stores, Inc. (NASDAQ:CASY)

Wedge Capital Management L L P NC boosted its holdings in shares of Casey’s General Stores, Inc. (NASDAQ:CASY) by 7.7% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 129,480 shares of the company’s stock after acquiring an additional 9,302 shares during the quarter. Wedge Capital Management L L P NC’s holdings in Casey’s General Stores were worth $48,647,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in CASY. Koshinski Asset Management Inc. raised its holdings in shares of Casey’s General Stores by 237.4% during the 3rd quarter. Koshinski Asset Management Inc. now owns 2,463 shares of the company’s stock valued at $925,000 after purchasing an additional 1,733 shares in the last quarter. CHICAGO TRUST Co NA bought a new stake in shares of Casey’s General Stores during the 3rd quarter worth about $253,000. Carnegie Investment Counsel raised its stake in shares of Casey’s General Stores by 63.3% in the 3rd quarter. Carnegie Investment Counsel now owns 37,113 shares of the company’s stock valued at $13,944,000 after acquiring an additional 14,380 shares in the last quarter. City State Bank grew its stake in Casey’s General Stores by 12.4% in the 3rd quarter. City State Bank now owns 1,794 shares of the company’s stock valued at $674,000 after buying an additional 198 shares during the last quarter. Finally, Ritholtz Wealth Management boosted its stake in Casey’s General Stores by 4.9% during the 3rd quarter. Ritholtz Wealth Management now owns 1,636 shares of the company’s stock valued at $615,000 after purchasing an additional 77 shares during the period. 85.63% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Casey’s General Stores

In related news, insider Thomas P. Brennan, Jr. sold 3,000 shares of the business’s stock in a transaction on Friday, September 6th. The shares were sold at an average price of $380.24, for a total value of $1,140,720.00. Following the sale, the insider now directly owns 9,044 shares of the company’s stock, valued at approximately $3,438,890.56. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, insider Thomas P. Brennan, Jr. sold 3,000 shares of Casey’s General Stores stock in a transaction that occurred on Friday, September 6th. The shares were sold at an average price of $380.24, for a total value of $1,140,720.00. Following the sale, the insider now directly owns 9,044 shares in the company, valued at $3,438,890.56. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Mike Spanos bought 267 shares of the company’s stock in a transaction that occurred on Wednesday, September 18th. The shares were bought at an average price of $376.18 per share, for a total transaction of $100,440.06. Following the acquisition, the director now directly owns 2,594 shares of the company’s stock, valued at $975,810.92. This represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. Insiders own 0.47% of the company’s stock.

Analysts Set New Price Targets

CASY has been the topic of several analyst reports. Benchmark reiterated a “buy” rating and issued a $410.00 price objective on shares of Casey’s General Stores in a research note on Tuesday, September 10th. Evercore ISI increased their target price on shares of Casey’s General Stores from $410.00 to $435.00 and gave the stock an “outperform” rating in a research report on Monday, July 29th. Melius Research started coverage on shares of Casey’s General Stores in a research report on Monday, September 23rd. They issued a “buy” rating and a $435.00 price target on the stock. StockNews.com cut shares of Casey’s General Stores from a “strong-buy” rating to a “buy” rating in a research note on Saturday, August 3rd. Finally, Deutsche Bank Aktiengesellschaft increased their price objective on Casey’s General Stores from $420.00 to $444.00 and gave the company a “buy” rating in a research report on Monday, July 29th. One analyst has rated the stock with a sell rating, two have given a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, Casey’s General Stores presently has an average rating of “Moderate Buy” and an average price target of $407.64.

Casey’s General Stores Trading Up 0.6 %

Shares of NASDAQ CASY traded up $2.30 during midday trading on Monday, reaching $388.20. 39,220 shares of the stock were exchanged, compared to its average volume of 275,351. Casey’s General Stores, Inc. has a 12 month low of $260.13 and a 12 month high of $401.07. The company has a market capitalization of $14.41 billion, a price-to-earnings ratio of 28.73 and a beta of 0.80. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.84 and a quick ratio of 0.44. The business has a 50-day simple moving average of $372.96 and a two-hundred day simple moving average of $355.23.

Casey’s General Stores (NASDAQ:CASY) last posted its earnings results on Wednesday, September 4th. The company reported $4.83 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.54 by $0.29. The firm had revenue of $4.10 billion during the quarter, compared to analysts’ expectations of $4.15 billion. Casey’s General Stores had a return on equity of 17.07% and a net margin of 3.40%. The company’s revenue was up 5.9% on a year-over-year basis. During the same period in the previous year, the firm earned $4.52 earnings per share. As a group, equities research analysts expect that Casey’s General Stores, Inc. will post 14.01 EPS for the current year.

Casey’s General Stores Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Friday, November 1st will be issued a dividend of $0.50 per share. The ex-dividend date of this dividend is Friday, November 1st. This represents a $2.00 annualized dividend and a yield of 0.52%. Casey’s General Stores’s dividend payout ratio (DPR) is currently 14.89%.

Casey’s General Stores Profile

Casey's General Stores, Inc, together with its subsidiaries, operates convenience stores under the Casey's and Casey's General Store names. Its stores offer pizza, donuts, breakfast items, and sandwiches; and tobacco and nicotine products. The company's stores provide soft drinks, energy, water, sports drinks, juices, coffee, and tea and dairy products; beer, wine, and spirits; snacks, candy, packaged bakery, and other food items; ice, ice cream, meals, and appetizers; health and beauty aids, automotive products, electronic accessories, housewares, and pet supplies; and ATM, lotto/lottery, and prepaid cards.