UMB Bank n.a. Grows Position in Casey’s General Stores, Inc. (NASDAQ:CASY)

UMB Bank n.a. grew its stake in shares of Casey’s General Stores, Inc. (NASDAQ:CASY) by 2.4% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 2,542 shares of the company’s stock after buying an additional 59 shares during the period. UMB Bank n.a.’s holdings in Casey’s General Stores were worth $1,007,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Venturi Wealth Management LLC lifted its holdings in Casey’s General Stores by 941.7% in the third quarter. Venturi Wealth Management LLC now owns 125 shares of the company’s stock worth $47,000 after purchasing an additional 113 shares during the period. V Square Quantitative Management LLC boosted its position in shares of Casey’s General Stores by 22.5% in the third quarter. V Square Quantitative Management LLC now owns 158 shares of the company’s stock worth $59,000 after buying an additional 29 shares during the period. Quarry LP purchased a new position in Casey’s General Stores during the 2nd quarter valued at about $72,000. Kennebec Savings Bank acquired a new position in Casey’s General Stores in the 3rd quarter valued at approximately $76,000. Finally, Peterson Financial Group Inc. acquired a new stake in Casey’s General Stores during the third quarter valued at $118,000. 85.63% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have issued reports on the stock. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Casey’s General Stores from $451.00 to $454.00 and gave the company a “buy” rating in a research note on Wednesday, November 6th. Gordon Haskett started coverage on Casey’s General Stores in a research note on Monday, November 4th. They set a “hold” rating and a $400.00 price target on the stock. Evercore ISI lifted their price objective on Casey’s General Stores from $460.00 to $470.00 and gave the company an “outperform” rating in a report on Friday, December 13th. StockNews.com cut shares of Casey’s General Stores from a “strong-buy” rating to a “buy” rating in a research report on Friday, December 13th. Finally, BMO Capital Markets restated a “market perform” rating and issued a $450.00 target price (up from $400.00) on shares of Casey’s General Stores in a research note on Wednesday, December 18th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, Casey’s General Stores presently has a consensus rating of “Moderate Buy” and an average target price of $424.00.

Casey’s General Stores Price Performance

Shares of CASY opened at $402.41 on Wednesday. The company has a current ratio of 0.88, a quick ratio of 0.49 and a debt-to-equity ratio of 0.74. Casey’s General Stores, Inc. has a 1 year low of $268.07 and a 1 year high of $439.68. The stock has a market cap of $14.94 billion, a P/E ratio of 28.04, a price-to-earnings-growth ratio of 2.23 and a beta of 0.82. The stock’s 50-day moving average price is $407.81 and its two-hundred day moving average price is $389.53.

Casey’s General Stores (NASDAQ:CASY) last announced its quarterly earnings results on Monday, December 9th. The company reported $4.85 earnings per share for the quarter, beating analysts’ consensus estimates of $4.29 by $0.56. Casey’s General Stores had a net margin of 3.57% and a return on equity of 17.17%. The business had revenue of $3.95 billion for the quarter, compared to the consensus estimate of $4.03 billion. During the same period last year, the company posted $4.24 EPS. Casey’s General Stores’s revenue for the quarter was down 2.9% on a year-over-year basis. On average, equities analysts predict that Casey’s General Stores, Inc. will post 13.94 earnings per share for the current year.

Casey’s General Stores Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, February 17th. Stockholders of record on Monday, February 3rd will be issued a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 0.50%. The ex-dividend date of this dividend is Monday, February 3rd. Casey’s General Stores’s dividend payout ratio (DPR) is 13.94%.

Insider Activity at Casey’s General Stores

In other Casey’s General Stores news, insider Katrina S. Lindsey sold 450 shares of Casey’s General Stores stock in a transaction that occurred on Thursday, December 12th. The shares were sold at an average price of $427.13, for a total value of $192,208.50. Following the transaction, the insider now owns 2,247 shares of the company’s stock, valued at approximately $959,761.11. The trade was a 16.69 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Mike Spanos acquired 500 shares of the stock in a transaction dated Monday, December 23rd. The shares were bought at an average cost of $396.76 per share, with a total value of $198,380.00. Following the transaction, the director now directly owns 3,097 shares of the company’s stock, valued at $1,228,765.72. This represents a 19.25 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.56% of the stock is owned by corporate insiders.

Casey’s General Stores Company 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.