Voya Investment Management LLC Purchases 452 Shares of Casey’s General Stores, Inc. $CASY

Voya Investment Management LLC lifted its position in Casey’s General Stores, Inc. (NASDAQ:CASY) by 5.6% in the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 8,529 shares of the company’s stock after acquiring an additional 452 shares during the period. Voya Investment Management LLC’s holdings in Casey’s General Stores were worth $3,702,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in CASY. Samlyn Capital LLC boosted its holdings in shares of Casey’s General Stores by 42.8% during the 1st quarter. Samlyn Capital LLC now owns 255,659 shares of the company’s stock valued at $110,966,000 after buying an additional 76,673 shares in the last quarter. Security National Bank boosted its stake in Casey’s General Stores by 9.7% during the first quarter. Security National Bank now owns 5,674 shares of the company’s stock worth $2,463,000 after acquiring an additional 504 shares in the last quarter. Cornerstone Wealth Management LLC bought a new stake in Casey’s General Stores during the first quarter worth about $201,000. M&T Bank Corp grew its holdings in Casey’s General Stores by 39.6% in the first quarter. M&T Bank Corp now owns 2,515 shares of the company’s stock worth $1,092,000 after purchasing an additional 713 shares during the period. Finally, Ground Swell Capital LLC bought a new position in shares of Casey’s General Stores during the first quarter valued at approximately $338,000. 85.63% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently commented on CASY shares. KeyCorp boosted their price target on Casey’s General Stores from $550.00 to $575.00 and gave the stock an “overweight” rating in a research report on Friday, July 25th. Wall Street Zen raised Casey’s General Stores from a “hold” rating to a “buy” rating in a report on Saturday, June 14th. BMO Capital Markets raised their price target on Casey’s General Stores from $515.00 to $540.00 and gave the company a “market perform” rating in a report on Wednesday, September 10th. Jefferies Financial Group lifted their price target on Casey’s General Stores from $575.00 to $600.00 and gave the stock a “buy” rating in a research report on Tuesday, September 9th. Finally, Evercore ISI increased their price objective on shares of Casey’s General Stores from $560.00 to $580.00 and gave the company an “outperform” rating in a research report on Wednesday, September 10th. Eight equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $520.55.

Insider Transactions at Casey’s General Stores

In related news, CFO Stephen P. Bramlage, Jr. sold 760 shares of the business’s stock in a transaction on Wednesday, July 2nd. The stock was sold at an average price of $507.56, for a total transaction of $385,745.60. Following the completion of the transaction, the chief financial officer owned 25,994 shares in the company, valued at $13,193,514.64. The trade was a 2.84% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Mike Spanos acquired 200 shares of the business’s stock in a transaction on Monday, June 30th. The stock was acquired at an average cost of $503.18 per share, for a total transaction of $100,636.00. Following the transaction, the director directly owned 3,560 shares in the company, valued at $1,791,320.80. The trade was a 5.95% increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 0.54% of the company’s stock.

Casey’s General Stores Stock Up 0.6%

CASY opened at $546.89 on Friday. The stock has a market cap of $20.33 billion, a price-to-earnings ratio of 35.10 and a beta of 0.66. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.61 and a current ratio of 1.03. The firm’s fifty day moving average is $519.47 and its 200 day moving average is $476.92. Casey’s General Stores, Inc. has a fifty-two week low of $362.42 and a fifty-two week high of $571.57.

Casey’s General Stores (NASDAQ:CASY) last posted its earnings results on Monday, September 8th. The company reported $5.77 earnings per share for the quarter, beating the consensus estimate of $5.02 by $0.75. Casey’s General Stores had a net margin of 3.54% and a return on equity of 16.73%. The company had revenue of $4.57 billion during the quarter, compared to analysts’ expectations of $4.47 billion. During the same period last year, the company posted $4.83 earnings per share. Casey’s General Stores’s quarterly revenue was up 11.5% on a year-over-year basis. On average, sell-side analysts forecast that Casey’s General Stores, Inc. will post 13.94 earnings per share for the current fiscal year.

Casey’s General Stores Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, November 14th. Investors of record on Saturday, November 1st will be issued a dividend of $0.57 per share. This represents a $2.28 annualized dividend and a yield of 0.4%. The ex-dividend date is Friday, October 31st. Casey’s General Stores’s dividend payout ratio is presently 14.63%.

Casey’s General Stores 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.