Casey’s General Stores, Inc. $CASY Holdings Raised by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. raised its stake in shares of Casey’s General Stores, Inc. (NASDAQ:CASY) by 2.1% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 136,938 shares of the company’s stock after buying an additional 2,823 shares during the period. PNC Financial Services Group Inc.’s holdings in Casey’s General Stores were worth $77,414,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of CASY. Steph & Co. boosted its position in Casey’s General Stores by 2.2% during the third quarter. Steph & Co. now owns 819 shares of the company’s stock valued at $463,000 after purchasing an additional 18 shares during the last quarter. LifeWealth Investments LLC raised its stake in shares of Casey’s General Stores by 2.1% during the 3rd quarter. LifeWealth Investments LLC now owns 858 shares of the company’s stock worth $485,000 after purchasing an additional 18 shares in the last quarter. AdvisorNet Financial Inc lifted its holdings in shares of Casey’s General Stores by 2.8% during the 3rd quarter. AdvisorNet Financial Inc now owns 724 shares of the company’s stock valued at $409,000 after buying an additional 20 shares during the last quarter. Panagora Asset Management Inc. lifted its holdings in shares of Casey’s General Stores by 0.5% during the 2nd quarter. Panagora Asset Management Inc. now owns 4,147 shares of the company’s stock valued at $2,116,000 after buying an additional 21 shares during the last quarter. Finally, Eukles Asset Management grew its stake in shares of Casey’s General Stores by 0.5% in the 3rd quarter. Eukles Asset Management now owns 4,253 shares of the company’s stock valued at $2,404,000 after buying an additional 21 shares in the last quarter. 85.63% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Casey’s General Stores

In related news, Director Moats Maria Castanon acquired 300 shares of the stock in a transaction dated Monday, January 5th. The shares were acquired at an average price of $554.66 per share, for a total transaction of $166,398.00. Following the completion of the purchase, the director owned 803 shares in the company, valued at approximately $445,391.98. The trade was a 59.64% increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.54% of the stock is currently owned by company insiders.

Casey’s General Stores Stock Performance

Shares of CASY opened at $665.86 on Monday. The company has a market capitalization of $24.68 billion, a PE ratio of 40.95, a price-to-earnings-growth ratio of 2.35 and a beta of 0.68. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.05 and a quick ratio of 0.65. Casey’s General Stores, Inc. has a one year low of $372.08 and a one year high of $678.67. The company’s fifty day moving average price is $597.18 and its 200 day moving average price is $558.08.

Casey’s General Stores (NASDAQ:CASY) last issued its quarterly earnings results 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. Casey’s General Stores had a return on equity of 16.89% and a net margin of 3.58%.The company had revenue of $4.51 billion for the quarter, compared to the consensus estimate of $4.51 billion. During the same period last year, the business posted $4.85 earnings per share. The firm’s revenue was up 14.2% compared to the same quarter last year. As a group, analysts expect that Casey’s General Stores, Inc. will post 13.94 earnings per share for the current year.

Casey’s General Stores Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 13th. Shareholders of record on Sunday, February 1st were given a $0.57 dividend. This represents a $2.28 annualized dividend and a yield of 0.3%. The ex-dividend date of this dividend was Friday, January 30th. Casey’s General Stores’s payout ratio is currently 14.02%.

Wall Street Analyst Weigh In

A number of analysts have issued reports on CASY shares. Wall Street Zen upgraded shares of Casey’s General Stores from a “hold” rating to a “buy” rating in a research note on Saturday. Deutsche Bank Aktiengesellschaft set a $688.00 price target on shares of Casey’s General Stores in a report on Thursday, January 8th. UBS Group reiterated a “neutral” rating on shares of Casey’s General Stores in a report on Thursday, December 11th. Zacks Research upgraded Casey’s General Stores from a “hold” rating to a “strong-buy” rating in a report on Monday, January 12th. Finally, Stephens boosted their price target on Casey’s General Stores from $570.00 to $600.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 3rd. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $615.50.

Casey’s General Stores Company Profile

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.