Amalgamated Bank Cuts Position in Casey’s General Stores, Inc. (NASDAQ:CASY)

Amalgamated Bank cut its holdings in Casey’s General Stores, Inc. (NASDAQ:CASY) by 9.7% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 22,834 shares of the company’s stock after selling 2,447 shares during the period. Amalgamated Bank owned about 0.06% of Casey’s General Stores worth $8,713,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Janus Henderson Group PLC grew its stake in Casey’s General Stores by 1.4% in the 1st quarter. Janus Henderson Group PLC now owns 768,060 shares of the company’s stock valued at $244,592,000 after purchasing an additional 10,841 shares during the period. Dimensional Fund Advisors LP boosted its holdings in shares of Casey’s General Stores by 3.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 468,650 shares of the company’s stock worth $178,822,000 after buying an additional 14,750 shares during the last quarter. Envestnet Asset Management Inc. boosted its holdings in shares of Casey’s General Stores by 20.4% in the 2nd quarter. Envestnet Asset Management Inc. now owns 458,044 shares of the company’s stock worth $174,771,000 after buying an additional 77,515 shares during the last quarter. Norges Bank bought a new position in Casey’s General Stores during the fourth quarter valued at about $115,799,000. Finally, Congress Asset Management Co. MA purchased a new stake in Casey’s General Stores during the first quarter worth about $112,081,000. 85.63% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

CASY has been the subject of several research analyst reports. Northcoast Research upgraded shares of Casey’s General Stores from a “neutral” rating to a “buy” rating and set a $410.00 price target for the company in a research note on Thursday, July 11th. Benchmark reissued a “buy” rating and issued a $410.00 target price on shares of Casey’s General Stores in a research report on Tuesday, September 10th. Deutsche Bank Aktiengesellschaft boosted their target price on Casey’s General Stores from $420.00 to $444.00 and gave the company a “buy” rating in a research note on Monday, July 29th. Evercore ISI increased their price target on Casey’s General Stores from $410.00 to $435.00 and gave the stock an “outperform” rating in a research note on Monday, July 29th. Finally, Jefferies Financial Group boosted their price objective on Casey’s General Stores from $342.00 to $445.00 and gave the company a “buy” rating in a research note on Wednesday, June 12th. Three equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $401.20.

Casey’s General Stores Stock Down 0.6 %

Shares of NASDAQ CASY opened at $373.02 on Thursday. The company has a quick ratio of 0.44, a current ratio of 0.84 and a debt-to-equity ratio of 0.44. The company has a market cap of $13.84 billion, a P/E ratio of 27.78, a P/E/G ratio of 2.58 and a beta of 0.80. Casey’s General Stores, Inc. has a 52 week low of $260.13 and a 52 week high of $401.07. The business has a 50-day simple moving average of $374.49 and a two-hundred day simple moving average of $346.63.

Casey’s General Stores (NASDAQ:CASY) last released its quarterly earnings data on Wednesday, September 4th. The company reported $4.83 EPS for the quarter, beating analysts’ consensus estimates of $4.54 by $0.29. The company had revenue of $4.10 billion during the quarter, compared to analyst estimates of $4.15 billion. Casey’s General Stores had a net margin of 3.40% and a return on equity of 17.07%. Casey’s General Stores’s revenue was up 5.9% compared to the same quarter last year. During the same period last year, the business earned $4.52 earnings per share. Research analysts anticipate that Casey’s General Stores, Inc. will post 14.15 earnings per share for the current fiscal year.

Casey’s General Stores Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Friday, November 1st will be given a dividend of $0.50 per share. The ex-dividend date of this dividend is Friday, November 1st. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.54%. Casey’s General Stores’s dividend payout ratio (DPR) is currently 14.89%.

Insider Transactions at Casey’s General Stores

In related news, insider Thomas P. Brennan, Jr. sold 3,000 shares of Casey’s General Stores stock in a transaction on Friday, September 6th. The stock was sold at an average price of $380.24, for a total transaction of $1,140,720.00. Following the completion of the sale, the insider now owns 9,044 shares of the company’s stock, valued at $3,438,890.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other news, CEO Darren M. Rebelez sold 13,500 shares of the stock in a transaction on Friday, September 6th. The shares were sold at an average price of $374.54, for a total value of $5,056,290.00. Following the transaction, the chief executive officer now owns 73,838 shares of the company’s stock, valued at approximately $27,655,284.52. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Thomas P. Brennan, Jr. sold 3,000 shares of the firm’s stock in a transaction on Friday, September 6th. The shares were sold at an average price of $380.24, for a total transaction of $1,140,720.00. Following the sale, the insider now owns 9,044 shares in the company, valued at approximately $3,438,890.56. The disclosure for this sale can be found here. Insiders own 0.47% of the company’s stock.

Casey’s General Stores Company 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.