Casey’s General Stores, Inc. (NASDAQ:CASY) Holdings Raised by Truist Financial Corp

Truist Financial Corp boosted its stake in Casey’s General Stores, Inc. (NASDAQ:CASY) by 3.9% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 8,657 shares of the company’s stock after buying an additional 327 shares during the quarter. Truist Financial Corp’s holdings in Casey’s General Stores were worth $3,430,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Soros Capital Management LLC grew its stake in Casey’s General Stores by 1,825.6% in the 3rd quarter. Soros Capital Management LLC now owns 27,632 shares of the company’s stock valued at $10,382,000 after buying an additional 26,197 shares during the last quarter. Sanctuary Advisors LLC grew its stake in Casey’s General Stores by 55.6% in the 4th quarter. Sanctuary Advisors LLC now owns 8,579 shares of the company’s stock valued at $3,629,000 after buying an additional 3,065 shares during the last quarter. PNC Financial Services Group Inc. grew its position in Casey’s General Stores by 9.9% in the 3rd quarter. PNC Financial Services Group Inc. now owns 14,725 shares of the company’s stock worth $5,532,000 after purchasing an additional 1,332 shares during the last quarter. U.S. Capital Wealth Advisors LLC acquired a new stake in Casey’s General Stores in the 4th quarter worth $369,000. Finally, Lord Abbett & CO. LLC acquired a new stake in Casey’s General Stores in the 3rd quarter worth $23,294,000. Hedge funds and other institutional investors own 85.63% of the company’s stock.

Wall Street Analyst Weigh In

CASY has been the subject of a number of analyst reports. Gordon Haskett raised shares of Casey’s General Stores from a “hold” rating to a “buy” rating in a report on Thursday, February 13th. Evercore ISI lifted their price target on shares of Casey’s General Stores from $460.00 to $470.00 and gave the stock an “outperform” rating in a research report on Friday, December 13th. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Casey’s General Stores from $451.00 to $454.00 and gave the stock a “buy” rating in a research report on Wednesday, November 6th. Royal Bank of Canada upped their price target on shares of Casey’s General Stores from $403.00 to $428.00 and gave the company a “sector perform” rating in a report on Tuesday, December 10th. Finally, BMO Capital Markets reiterated a “market perform” rating and issued a $450.00 price target (up previously from $400.00) on shares of Casey’s General Stores in a report on Wednesday, December 18th. One analyst has rated the stock with a sell rating, two have issued a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat.com, Casey’s General Stores presently has a consensus rating of “Moderate Buy” and an average price target of $424.00.

Insider Activity

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

Casey’s General Stores Trading Up 2.2 %

NASDAQ:CASY opened at $414.56 on Tuesday. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.88 and a quick ratio of 0.49. Casey’s General Stores, Inc. has a 1 year low of $290.00 and a 1 year high of $445.17. The company has a market cap of $15.39 billion, a P/E ratio of 28.89, a P/E/G ratio of 2.40 and a beta of 0.83. The stock’s fifty day moving average price is $409.92 and its two-hundred day moving average price is $397.33.

Casey’s General Stores (NASDAQ:CASY) last announced its quarterly earnings data on Monday, December 9th. The company reported $4.85 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.29 by $0.56. The firm had revenue of $3.95 billion for the quarter, compared to analysts’ expectations of $4.03 billion. Casey’s General Stores had a return on equity of 17.17% and a net margin of 3.57%. The company’s revenue for the quarter was down 2.9% compared to the same quarter last year. During the same period last year, the firm earned $4.24 earnings per share. As a group, analysts expect that Casey’s General Stores, Inc. will post 13.94 EPS for the current year.

Casey’s General Stores Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, February 17th. Stockholders of record on Monday, February 3rd were issued a dividend of $0.50 per share. The ex-dividend date of this dividend was Monday, February 3rd. This represents a $2.00 annualized dividend and a dividend yield of 0.48%. Casey’s General Stores’s payout ratio is 13.94%.

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.