GLOBALT Investments LLC GA Buys 85 Shares of Casey’s General Stores, Inc. (NASDAQ:CASY)

GLOBALT Investments LLC GA boosted its stake in shares of Casey’s General Stores, Inc. (NASDAQ:CASY) by 3.4% in the 3rd quarter, Holdings Channel.com reports. The firm owned 2,576 shares of the company’s stock after buying an additional 85 shares during the quarter. GLOBALT Investments LLC GA’s holdings in Casey’s General Stores were worth $968,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently bought and sold shares of the stock. Aptus Capital Advisors LLC raised its position in shares of 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 valued at $10,736,000 after buying an additional 3,776 shares during the last quarter. Janney Montgomery Scott LLC raised its holdings in Casey’s General Stores by 24.0% in the 3rd quarter. Janney Montgomery Scott LLC now owns 7,210 shares of the company’s stock valued at $2,709,000 after acquiring an additional 1,395 shares in the last quarter. Bailard Inc. bought a new stake in shares of Casey’s General Stores in the 2nd quarter worth approximately $1,021,000. Marks Group Wealth Management Inc acquired a new stake in shares of Casey’s General Stores during the 3rd quarter worth approximately $5,489,000. Finally, SG Americas Securities LLC bought a new stake in shares of Casey’s General Stores during the second quarter valued at approximately $2,183,000. 85.63% of the stock is owned by institutional investors.

Casey’s General Stores Stock Performance

NASDAQ:CASY opened at $404.60 on Tuesday. The stock has a market capitalization of $15.02 billion, a P/E ratio of 29.45 and a beta of 0.79. The company has a current ratio of 0.84, a quick ratio of 0.44 and a debt-to-equity ratio of 0.44. Casey’s General Stores, Inc. has a 1 year low of $266.56 and a 1 year high of $420.27. The firm has a 50 day moving average of $387.19 and a 200-day moving average of $370.48.

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. The firm had revenue of $4.10 billion during 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 business’s revenue for the quarter was up 5.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $4.52 EPS. As a group, sell-side analysts anticipate that Casey’s General Stores, Inc. will post 14.24 EPS for the current fiscal year.

Casey’s General Stores Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Friday, November 1st were issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 0.49%. The ex-dividend date was Friday, November 1st. Casey’s General Stores’s dividend payout ratio is currently 14.56%.

Insider Buying and Selling at Casey’s General Stores

In other news, Director Mike Spanos bought 267 shares of the company’s stock in a transaction dated Wednesday, September 18th. The stock was bought at an average price of $376.18 per share, for a total transaction of $100,440.06. Following the completion of the transaction, the director now directly owns 2,594 shares in the company, valued at $975,810.92. The trade was a 11.47 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Darren M. Rebelez sold 13,500 shares of the firm’s stock in a transaction dated 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 completion of the transaction, the chief executive officer now owns 73,838 shares in the company, valued at approximately $27,655,284.52. This represents a 15.46 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.56% of the company’s stock.

Wall Street Analysts Forecast Growth

CASY has been the subject of several research reports. Gordon Haskett began coverage on Casey’s General Stores in a research report on Monday, November 4th. They issued a “hold” rating and a $400.00 target price for the company. Evercore ISI raised their price objective on shares of Casey’s General Stores from $435.00 to $440.00 and gave the stock an “outperform” rating in a report on Wednesday, October 16th. Benchmark reiterated a “buy” rating and set a $410.00 target price on shares of Casey’s General Stores in a research report on Tuesday, September 10th. StockNews.com lowered shares of Casey’s General Stores from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 3rd. Finally, Deutsche Bank Aktiengesellschaft lifted their price objective 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. One research analyst has rated the stock with a sell rating, three have given a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $408.25.

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.