Huntington National Bank Has $244,000 Stock Position in Casey’s General Stores, Inc. (NASDAQ:CASY)

Huntington National Bank grew its holdings in Casey’s General Stores, Inc. (NASDAQ:CASY) by 32.9% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 650 shares of the company’s stock after purchasing an additional 161 shares during the period. Huntington National Bank’s holdings in Casey’s General Stores were worth $244,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the business. Oppenheimer & Co. Inc. increased its stake in Casey’s General Stores by 0.5% in the 3rd quarter. Oppenheimer & Co. Inc. now owns 12,829 shares of the company’s stock valued at $4,820,000 after buying an additional 60 shares during the last quarter. Dillon & Associates Inc. bought a new position in shares of Casey’s General Stores in the 3rd quarter valued at about $576,000. Victory Capital Management Inc. increased its position in shares of Casey’s General Stores by 1.4% in the third quarter. Victory Capital Management Inc. now owns 127,262 shares of the company’s stock valued at $47,814,000 after acquiring an additional 1,701 shares during the last quarter. Aptus Capital Advisors LLC raised its holdings in Casey’s General Stores by 15.2% during the third quarter. Aptus Capital Advisors LLC now owns 28,575 shares of the company’s stock worth $10,736,000 after acquiring an additional 3,776 shares in the last quarter. Finally, Verus Capital Partners LLC boosted its position in Casey’s General Stores by 3.1% during the third quarter. Verus Capital Partners LLC now owns 991 shares of the company’s stock valued at $372,000 after purchasing an additional 30 shares during the last quarter. Institutional investors own 85.63% of the company’s stock.

Insider Transactions at Casey’s General Stores

In other Casey’s General Stores news, Director Mike Spanos purchased 267 shares of the stock in a transaction that occurred on Wednesday, September 18th. The shares were acquired at an average cost of $376.18 per share, with a total value of $100,440.06. Following the completion of the transaction, the director now owns 2,594 shares in the company, valued at $975,810.92. The trade was a 11.47 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Darren M. Rebelez sold 13,500 shares of the business’s stock in a transaction dated Friday, September 6th. The shares were sold at an average price of $374.54, for a total transaction of $5,056,290.00. Following the completion of the sale, the chief executive officer now directly owns 73,838 shares of the company’s stock, valued at $27,655,284.52. This represents a 15.46 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.56% of the company’s stock.

Casey’s General Stores Stock Down 1.1 %

Shares of CASY opened at $401.40 on Friday. The firm has a market cap of $14.90 billion, a P/E ratio of 29.21 and a beta of 0.79. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.44 and a current ratio of 0.84. Casey’s General Stores, Inc. has a 52 week low of $266.56 and a 52 week high of $420.27. The firm’s 50-day simple moving average is $386.44 and its 200 day simple moving average is $369.51.

Casey’s General Stores (NASDAQ:CASY) last posted its earnings results on Wednesday, September 4th. The company reported $4.83 EPS for the quarter, beating the consensus estimate of $4.54 by $0.29. The company had revenue of $4.10 billion for the quarter, compared to the consensus estimate of $4.15 billion. Casey’s General Stores had a return on equity of 17.07% and a net margin of 3.40%. The firm’s revenue for the quarter was up 5.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $4.52 earnings per share. On average, analysts forecast that Casey’s General Stores, Inc. will post 14.24 earnings per share for the current year.

Casey’s General Stores Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Friday, November 1st were given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 0.50%. The ex-dividend date was Friday, November 1st. Casey’s General Stores’s payout ratio is 14.56%.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on CASY. Benchmark reaffirmed a “buy” rating and set a $410.00 price target on shares of Casey’s General Stores in a research report on Tuesday, September 10th. Wells Fargo & Company upped their price target on shares of Casey’s General Stores from $415.00 to $425.00 and gave the stock an “overweight” rating in a research report on Friday, September 6th. JPMorgan Chase & Co. cut shares of Casey’s General Stores from a “neutral” rating to an “underweight” rating and increased their price target for the company from $300.00 to $337.00 in a research note on Thursday, September 19th. Gordon Haskett initiated coverage on shares of Casey’s General Stores in a research note on Monday, November 4th. They set a “hold” rating and a $400.00 price objective on the stock. Finally, Evercore ISI raised their target price on shares of Casey’s General Stores from $435.00 to $440.00 and gave the company an “outperform” rating in a research note on Wednesday, October 16th. One analyst has rated the stock with a sell rating, three have given a hold rating and nine have issued a buy rating to the company. According to MarketBeat, Casey’s General Stores presently has a consensus rating of “Moderate Buy” and an average target price of $408.25.

About Casey’s General Stores

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.