AE Wealth Management LLC Buys 1,162 Shares of Casey’s General Stores, Inc. $CASY

AE Wealth Management LLC lifted its stake in shares of Casey’s General Stores, Inc. (NASDAQ:CASY) by 82.3% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,574 shares of the company’s stock after purchasing an additional 1,162 shares during the period. AE Wealth Management LLC’s holdings in Casey’s General Stores were worth $1,456,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in CASY. Archer Investment Corp grew its stake in shares of Casey’s General Stores by 16.6% during the third quarter. Archer Investment Corp now owns 338 shares of the company’s stock worth $191,000 after purchasing an additional 48 shares during the period. Great Lakes Advisors LLC grew its holdings in Casey’s General Stores by 2.6% during the third quarter. Great Lakes Advisors LLC now owns 1,927 shares of the company’s stock valued at $1,089,000 after purchasing an additional 48 shares during the period. Annis Gardner Whiting Capital Advisors LLC increased its stake in Casey’s General Stores by 4,733.3% in the third quarter. Annis Gardner Whiting Capital Advisors LLC now owns 290 shares of the company’s stock valued at $164,000 after purchasing an additional 284 shares in the last quarter. TD Waterhouse Canada Inc. raised its holdings in Casey’s General Stores by 51.4% in the third quarter. TD Waterhouse Canada Inc. now owns 318 shares of the company’s stock worth $178,000 after purchasing an additional 108 shares during the period. Finally, JSF Financial LLC increased its position in shares of Casey’s General Stores by 1.2% in the 3rd quarter. JSF Financial LLC now owns 2,576 shares of the company’s stock valued at $1,456,000 after buying an additional 30 shares in the last quarter. Institutional investors own 85.63% of the company’s stock.

Casey’s General Stores Trading Up 3.2%

Shares of CASY stock opened at $625.86 on Tuesday. Casey’s General Stores, Inc. has a 12-month low of $372.08 and a 12-month high of $647.99. The company has a market capitalization of $23.20 billion, a PE ratio of 38.49, a price-to-earnings-growth ratio of 2.14 and a beta of 0.67. The firm has a 50 day moving average price of $581.30 and a two-hundred day moving average price of $549.69. The company has a quick ratio of 0.65, a current ratio of 1.05 and a debt-to-equity ratio of 0.62.

Casey’s General Stores (NASDAQ:CASY) last posted its earnings results on Tuesday, December 9th. The company reported $5.53 EPS for the quarter, beating the consensus estimate of $4.92 by $0.61. The company had revenue of $4.51 billion for the quarter, compared to the consensus estimate of $4.51 billion. Casey’s General Stores had a return on equity of 16.89% and a net margin of 3.58%.The firm’s revenue for the quarter was up 14.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $4.85 earnings per share. As a group, analysts predict that Casey’s General Stores, Inc. will post 13.94 earnings per share for the current year.

Casey’s General Stores Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 13th. Shareholders of record on Sunday, February 1st will be paid a dividend of $0.57 per share. This represents a $2.28 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date is Friday, January 30th. Casey’s General Stores’s dividend payout ratio (DPR) is 14.02%.

Analyst Ratings Changes

Several analysts recently commented on the company. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $662.00 price objective on shares of Casey’s General Stores in a research note on Friday, January 23rd. Wall Street Zen cut shares of Casey’s General Stores from a “buy” rating to a “hold” rating in a report on Saturday. Exane BNP Paribas started coverage on Casey’s General Stores in a research note on Tuesday, January 20th. They issued an “outperform” rating on the stock. Bank of America started coverage on Casey’s General Stores in a research report on Friday, January 9th. They set a “buy” rating for the company. Finally, UBS Group reiterated a “neutral” rating on shares of Casey’s General Stores in a report on Thursday, December 11th. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $624.09.

Insider Buying and Selling

In other news, Director Moats Maria Castanon acquired 300 shares of the business’s stock in a transaction that occurred on Monday, January 5th. The stock was acquired at an average price of $554.66 per share, with a total value of $166,398.00. Following the completion of the transaction, the director directly owned 803 shares of the company’s stock, valued at $445,391.98. This trade represents a 59.64% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.54% of the stock is currently owned by company insiders.

About Casey’s General Stores

Casey’s General Stores, Inc (NASDAQ: CASY) is a U.S.-based convenience store chain that operates retail fuel stations and food-focused convenience outlets. Founded in 1959 in Boone, Iowa, the company has grown from a single neighborhood store into a regional operator known for combining traditional convenience retailing—fuel, packaged goods and tobacco—with a larger emphasis on fresh and prepared foods.

The company’s stores typically offer gasoline and diesel alongside a range of grocery essentials, grab-and-go items and made-to-order foodservice.