TD Waterhouse Canada Inc. Acquires 10,867 Shares of Casey’s General Stores, Inc. $CASY

TD Waterhouse Canada Inc. grew its holdings in shares of Casey’s General Stores, Inc. (NASDAQ:CASY) by 66.3% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 27,255 shares of the company’s stock after purchasing an additional 10,867 shares during the period. TD Waterhouse Canada Inc.’s holdings in Casey’s General Stores were worth $21,369,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in CASY. Fiduciary Financial Advisors bought a new stake in shares of Casey’s General Stores in the second quarter valued at approximately $26,000. Bell Investment Advisors Inc acquired a new stake in Casey’s General Stores during the second quarter worth approximately $33,000. Caitlin John LLC bought a new position in Casey’s General Stores during the 2nd quarter worth $35,000. Whipplewood Advisors LLC acquired a new position in Casey’s General Stores in the 1st quarter valued at $33,000. Finally, RMG Wealth Management LLC raised its holdings in Casey’s General Stores by 250.0% in the 1st quarter. RMG Wealth Management LLC now owns 56 shares of the company’s stock valued at $41,000 after acquiring an additional 40 shares in the last quarter. 85.63% of the stock is owned by institutional investors.

Insider Transactions at Casey’s General Stores

In other news, CEO Darren M. Rebelez sold 19,000 shares of the stock in a transaction dated Tuesday, July 7th. The shares were sold at an average price of $801.46, for a total value of $15,227,740.00. Following the completion of the transaction, the chief executive officer owned 89,174 shares of the company’s stock, valued at approximately $71,469,394.04. This represents a 17.56% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Allison M. Wing sold 530 shares of the firm’s stock in a transaction that occurred on Wednesday, July 8th. The shares were sold at an average price of $837.58, for a total transaction of $443,917.40. Following the completion of the sale, the director owned 3,042 shares in the company, valued at approximately $2,547,918.36. The trade was a 14.84% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 30,243 shares of company stock valued at $24,421,877. Company insiders own 0.67% of the company’s stock.

Casey’s General Stores Trading Down 0.3%

Shares of CASY stock opened at $756.09 on Friday. Casey’s General Stores, Inc. has a fifty-two week low of $497.38 and a fifty-two week high of $927.85. The stock’s fifty day moving average price is $827.10 and its two-hundred day moving average price is $784.78. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.60 and a current ratio of 1.01. The company has a market cap of $27.98 billion, a PE ratio of 39.46, a P/E/G ratio of 2.60 and a beta of 0.59.

Casey’s General Stores (NASDAQ:CASY) last posted its quarterly earnings results on Tuesday, June 9th. The company reported $4.37 EPS for the quarter, topping analysts’ consensus estimates of $3.31 by $1.06. Casey’s General Stores had a return on equity of 18.73% and a net margin of 4.07%.The company had revenue of $4.57 billion during the quarter, compared to analysts’ expectations of $4.33 billion. During the same quarter in the previous year, the firm earned $2.63 EPS. Casey’s General Stores’s revenue was up 14.5% on a year-over-year basis. Equities analysts predict that Casey’s General Stores, Inc. will post 21.11 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the company. Deutsche Bank Aktiengesellschaft set a $927.00 target price on Casey’s General Stores in a report on Friday. KeyCorp boosted their price target on Casey’s General Stores from $950.00 to $970.00 and gave the company an “overweight” rating in a research note on Thursday, June 11th. JPMorgan Chase & Co. cut their price objective on shares of Casey’s General Stores from $975.00 to $833.00 and set a “neutral” rating for the company in a research report on Thursday. BNP Paribas Exane reduced their price objective on shares of Casey’s General Stores from $1,032.00 to $995.00 and set an “outperform” rating on the stock in a research note on Thursday, June 25th. Finally, Wells Fargo & Company raised their target price on shares of Casey’s General Stores from $910.00 to $960.00 and gave the company an “overweight” rating in a report on Thursday, June 11th. Fourteen research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $928.53.

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.