Private Trust Co. NA Boosts Position in Casey’s General Stores, Inc. (NASDAQ:CASY)

Private Trust Co. NA boosted its position in Casey’s General Stores, Inc. (NASDAQ:CASY) by 1.3% during the 3rd quarter, HoldingsChannel reports. The firm owned 2,072 shares of the company’s stock after purchasing an additional 27 shares during the period. Private Trust Co. NA’s holdings in Casey’s General Stores were worth $778,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in CASY. Park Place Capital Corp purchased a new stake in shares of Casey’s General Stores during the second quarter worth about $31,000. Advisors Asset Management Inc. purchased a new stake in Casey’s General Stores in the 1st quarter worth $32,000. Innealta Capital LLC bought a new position in Casey’s General Stores during the second quarter valued at approximately $32,000. Bank & Trust Co bought a new stake in Casey’s General Stores in the 2nd quarter worth approximately $40,000. Finally, Venturi Wealth Management LLC raised its holdings in shares of Casey’s General Stores by 941.7% during 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 in the last quarter. 85.63% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Casey’s General Stores news, CEO Darren M. Rebelez sold 13,500 shares of the stock in a transaction on Friday, September 6th. The stock was sold at an average price of $374.54, for a total transaction of $5,056,290.00. Following the sale, the chief executive officer now owns 73,838 shares of the company’s stock, valued at approximately $27,655,284.52. This trade represents a 15.46 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Thomas P. Brennan, Jr. sold 3,000 shares of the company’s stock in a transaction on Friday, September 6th. The stock was sold at an average price of $380.24, for a total value of $1,140,720.00. Following the sale, the insider now owns 9,044 shares of the company’s stock, valued at $3,438,890.56. This trade represents a 24.91 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.56% of the stock is owned by insiders.

Casey’s General Stores Trading Down 0.0 %

Shares of CASY opened at $426.49 on Wednesday. The firm has a market capitalization of $15.83 billion, a price-to-earnings ratio of 31.04 and a beta of 0.79. The company has a 50-day moving average of $391.26 and a 200 day moving average of $373.78. Casey’s General Stores, Inc. has a 1-year low of $266.56 and a 1-year high of $435.60. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.84 and a quick ratio of 0.44.

Casey’s General Stores (NASDAQ:CASY) last announced its quarterly earnings data on Wednesday, September 4th. The company reported $4.83 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.54 by $0.29. The company had revenue of $4.10 billion for the quarter, compared to analysts’ expectations of $4.15 billion. Casey’s General Stores had a return on equity of 17.07% and a net margin of 3.40%. During the same quarter in the prior year, the firm earned $4.52 earnings per share. Casey’s General Stores’s revenue was up 5.9% compared to the same quarter last year. On average, research analysts expect that Casey’s General Stores, Inc. will post 14.22 EPS for the current year.

Casey’s General Stores Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Friday, November 1st were paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 0.47%. The ex-dividend date of this dividend was Friday, November 1st. Casey’s General Stores’s dividend payout ratio (DPR) is presently 14.56%.

Analyst Ratings Changes

Several brokerages recently weighed in on CASY. Benchmark restated a “buy” rating and issued a $410.00 price target on shares of Casey’s General Stores in a research report on Tuesday, September 10th. StockNews.com downgraded shares of Casey’s General Stores from a “strong-buy” rating to a “buy” rating in a report on Saturday, August 3rd. Gordon Haskett assumed coverage on Casey’s General Stores in a research note on Monday, November 4th. They set a “hold” rating and a $400.00 price objective on the stock. Deutsche Bank Aktiengesellschaft raised their price objective on Casey’s General Stores from $451.00 to $454.00 and gave the company a “buy” rating in a research note on Wednesday, November 6th. Finally, Wells Fargo & Company boosted their target price on Casey’s General Stores from $415.00 to $425.00 and gave the company an “overweight” rating in a research report on Friday, September 6th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $408.25.

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.