Bath Savings Trust Co Has $3.44 Million Position in Casey’s General Stores, Inc. (NASDAQ:CASY)

Bath Savings Trust Co boosted its holdings in shares of Casey’s General Stores, Inc. (NASDAQ:CASY) by 6.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 8,678 shares of the company’s stock after buying an additional 547 shares during the period. Bath Savings Trust Co’s holdings in Casey’s General Stores were worth $3,438,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in CASY. Venturi Wealth Management LLC raised its holdings in shares of Casey’s General Stores by 941.7% in the 3rd quarter. Venturi Wealth Management LLC now owns 125 shares of the company’s stock worth $47,000 after acquiring an additional 113 shares during the last quarter. V Square Quantitative Management LLC boosted its position in shares of Casey’s General Stores by 22.5% during 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. Ashton Thomas Private Wealth LLC bought a new stake in Casey’s General Stores during the second quarter worth $68,000. Quarry LP purchased a new stake in Casey’s General Stores in the 2nd quarter valued at $72,000. Finally, Kennebec Savings Bank purchased a new stake in Casey’s General Stores in the 3rd quarter valued at $76,000. 85.63% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several analysts have recently issued reports on CASY shares. JPMorgan Chase & Co. lowered shares of Casey’s General Stores from a “neutral” rating to an “underweight” rating and upped their target price for the stock from $300.00 to $337.00 in a research note on Thursday, September 19th. StockNews.com lowered shares of Casey’s General Stores from a “strong-buy” rating to a “buy” rating in a research note on Friday, December 13th. Royal Bank of Canada boosted their target price on Casey’s General Stores from $403.00 to $428.00 and gave the stock a “sector perform” rating in a research note on Tuesday, December 10th. Deutsche Bank Aktiengesellschaft upped their target price on Casey’s General Stores from $451.00 to $454.00 and gave the company a “buy” rating in a report on Wednesday, November 6th. Finally, Benchmark reissued a “buy” rating and issued a $410.00 price objective on shares of Casey’s General Stores in a research report on Tuesday, September 10th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat, Casey’s General Stores currently has a consensus rating of “Moderate Buy” and a consensus price target of $424.00.

Casey’s General Stores Stock Performance

Casey’s General Stores stock traded down $4.88 during midday trading on Tuesday, reaching $391.88. The stock had a trading volume of 80,996 shares, compared to its average volume of 173,220. The firm has a market capitalization of $14.55 billion, a PE ratio of 27.31 and a beta of 0.82. Casey’s General Stores, Inc. has a 12 month low of $268.07 and a 12 month high of $439.68. The company has a quick ratio of 0.44, a current ratio of 0.88 and a debt-to-equity ratio of 0.74. The firm’s 50-day moving average price is $410.07 and its 200 day moving average price is $388.32.

Casey’s General Stores (NASDAQ:CASY) last posted its quarterly earnings results on Monday, December 9th. The company reported $4.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.29 by $0.56. The company had revenue of $3.95 billion for the quarter, compared to analyst estimates of $4.03 billion. Casey’s General Stores had a net margin of 3.57% and a return on equity of 17.17%. The company’s quarterly revenue was down 2.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $4.24 earnings per share. As a group, research analysts predict that Casey’s General Stores, Inc. will post 14.28 earnings per share for the current fiscal year.

Casey’s General Stores Announces Dividend

The business 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 dividend on an annualized basis and a dividend yield of 0.51%. The ex-dividend date of this dividend is Monday, February 3rd. Casey’s General Stores’s payout ratio is currently 13.94%.

Insider Transactions at Casey’s General Stores

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

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.