Glenmede Trust Co. NA Has $571,000 Stock Holdings in Casey’s General Stores, Inc. (NASDAQ:CASY)

Glenmede Trust Co. NA trimmed its holdings in Casey’s General Stores, Inc. (NASDAQ:CASY) by 33.9% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,520 shares of the company’s stock after selling 779 shares during the quarter. Glenmede Trust Co. NA’s holdings in Casey’s General Stores were worth $571,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the business. Private Trust Co. NA raised its holdings in shares of Casey’s General Stores by 1.3% in the third quarter. Private Trust Co. NA now owns 2,072 shares of the company’s stock valued at $778,000 after buying an additional 27 shares during the last quarter. AdvisorNet Financial Inc raised its holdings in shares of Casey’s General Stores by 10.1% in the second quarter. AdvisorNet Financial Inc now owns 317 shares of the company’s stock valued at $121,000 after buying an additional 29 shares during the last quarter. V Square Quantitative Management LLC raised its holdings 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 valued at $59,000 after buying an additional 29 shares during the last quarter. Verus Capital Partners LLC raised its holdings in shares of Casey’s General Stores by 3.1% in the third quarter. Verus Capital Partners LLC now owns 991 shares of the company’s stock valued at $372,000 after buying an additional 30 shares during the last quarter. Finally, CIBC Asset Management Inc raised its holdings in shares of Casey’s General Stores by 3.3% in the third quarter. CIBC Asset Management Inc now owns 1,078 shares of the company’s stock valued at $405,000 after buying an additional 34 shares during the last quarter. 85.63% of the stock is owned by institutional investors.

Insider Activity at Casey’s General Stores

In other Casey’s General Stores news, CEO Darren M. Rebelez sold 13,500 shares of the company’s stock in a transaction that occurred on Friday, September 6th. The stock was sold at an average price of $374.54, for a total transaction of $5,056,290.00. Following the completion of the transaction, the chief executive officer now 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 transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Mike Spanos purchased 267 shares of Casey’s General Stores stock in a transaction on Wednesday, September 18th. The shares were purchased at an average cost of $376.18 per share, with a total value of $100,440.06. Following the transaction, the director now owns 2,594 shares in the company, valued at approximately $975,810.92. The trade was a 11.47 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.56% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. Evercore ISI lifted their price target on Casey’s General Stores from $435.00 to $440.00 and gave the company an “outperform” rating in a report on Wednesday, October 16th. Gordon Haskett initiated coverage on Casey’s General Stores in a report on Monday, November 4th. They set a “hold” rating and a $400.00 price objective for the company. Melius Research initiated coverage on Casey’s General Stores in a report on Monday, September 23rd. They set a “buy” rating and a $435.00 price objective for the company. Deutsche Bank Aktiengesellschaft boosted their price objective on Casey’s General Stores from $451.00 to $454.00 and gave the stock a “buy” rating in a report on Wednesday, November 6th. Finally, JPMorgan Chase & Co. cut Casey’s General Stores from a “neutral” rating to an “underweight” rating and boosted their price objective for the stock from $300.00 to $337.00 in a report on Thursday, September 19th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $408.25.

Casey’s General Stores Price Performance

Shares of CASY opened at $417.52 on Wednesday. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.44 and a current ratio of 0.84. The stock has a 50 day simple moving average of $396.28 and a 200 day simple moving average of $376.76. Casey’s General Stores, Inc. has a 52-week low of $266.56 and a 52-week high of $435.60. The firm has a market capitalization of $15.50 billion, a PE ratio of 30.39 and a beta of 0.80.

Casey’s General Stores (NASDAQ:CASY) last issued its quarterly earnings data on Wednesday, September 4th. The company reported $4.83 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.54 by $0.29. Casey’s General Stores had a return on equity of 17.07% and a net margin of 3.40%. The business had revenue of $4.10 billion during the quarter, compared to analyst estimates of $4.15 billion. During the same period in the previous year, the firm earned $4.52 EPS. Casey’s General Stores’s quarterly revenue was up 5.9% compared to the same quarter last year. Sell-side analysts predict that Casey’s General Stores, Inc. will post 14.22 EPS for the current fiscal year.

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.