Casey’s General Stores, Inc. $CASY Shares Sold by Aberdeen Group plc

Aberdeen Group plc reduced its position in Casey’s General Stores, Inc. (NASDAQ:CASY) by 11.6% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 70,405 shares of the company’s stock after selling 9,257 shares during the quarter. Aberdeen Group plc owned about 0.19% of Casey’s General Stores worth $39,801,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in CASY. Westside Investment Management Inc. grew its stake in Casey’s General Stores by 100.0% during the 3rd quarter. Westside Investment Management Inc. now owns 46 shares of the company’s stock worth $26,000 after buying an additional 23 shares during the last quarter. Nvwm LLC acquired a new stake in Casey’s General Stores in the second quarter worth about $32,000. Atlantic Union Bankshares Corp acquired a new stake in Casey’s General Stores in the third quarter worth about $33,000. Cornerstone Planning Group LLC grew its stake in shares of Casey’s General Stores by 490.9% during the third quarter. Cornerstone Planning Group LLC now owns 65 shares of the company’s stock worth $34,000 after acquiring an additional 54 shares during the last quarter. Finally, Rossby Financial LCC grew its stake in shares of Casey’s General Stores by 580.0% during the second quarter. Rossby Financial LCC now owns 68 shares of the company’s stock worth $35,000 after acquiring an additional 58 shares during the last quarter. Hedge funds and other institutional investors own 85.63% of the company’s stock.

Casey’s General Stores Price Performance

Shares of CASY opened at $665.86 on Tuesday. The business’s 50-day moving average is $599.17 and its two-hundred day moving average is $559.11. The company has a market capitalization of $24.68 billion, a P/E ratio of 40.95, a P/E/G ratio of 2.35 and a beta of 0.68. Casey’s General Stores, Inc. has a fifty-two week low of $372.08 and a fifty-two week high of $678.67. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.65 and a current ratio of 1.05.

Casey’s General Stores (NASDAQ:CASY) last issued its quarterly earnings data on Tuesday, December 9th. The company reported $5.53 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.92 by $0.61. The business had revenue of $4.51 billion during the quarter, compared to analysts’ expectations of $4.51 billion. Casey’s General Stores had a return on equity of 16.89% and a net margin of 3.58%.The company’s revenue for the quarter was up 14.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $4.85 EPS. Research 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 company also recently announced a quarterly dividend, which was paid on Friday, February 13th. Stockholders of record on Sunday, February 1st were paid a dividend of $0.57 per share. This represents a $2.28 annualized dividend and a dividend yield of 0.3%. The ex-dividend date of this dividend was Friday, January 30th. Casey’s General Stores’s dividend payout ratio is presently 14.02%.

Analysts Set New Price Targets

CASY has been the subject of several research analyst reports. Wall Street Zen raised shares of Casey’s General Stores from a “hold” rating to a “buy” rating in a research report on Saturday. Evercore upped their price target on shares of Casey’s General Stores from $585.00 to $610.00 and gave the company an “outperform” rating in a research note on Tuesday, December 2nd. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Casey’s General Stores in a report on Monday, December 29th. KeyCorp reissued an “overweight” rating and set a $700.00 price objective on shares of Casey’s General Stores in a report on Thursday. Finally, UBS Group restated a “neutral” rating on shares of Casey’s General Stores in a research note on Thursday, December 11th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $615.50.

Insider Activity at Casey’s General Stores

In other Casey’s General Stores news, Director Moats Maria Castanon purchased 300 shares of Casey’s General Stores stock in a transaction that occurred on Monday, January 5th. The stock was bought at an average price of $554.66 per share, with a total value of $166,398.00. Following the acquisition, the director 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 legal filing with the Securities & Exchange Commission, which is available through this link. 0.54% of the stock is 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.