Osaic Holdings Inc. Has $5.71 Million Stock Holdings in Casey’s General Stores, Inc. $CASY

Osaic Holdings Inc. boosted its position in Casey’s General Stores, Inc. (NASDAQ:CASY) by 36.0% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 11,176 shares of the company’s stock after acquiring an additional 2,961 shares during the period. Osaic Holdings Inc.’s holdings in Casey’s General Stores were worth $5,707,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Samlyn Capital LLC grew its position in shares of Casey’s General Stores by 42.8% in the 1st quarter. Samlyn Capital LLC now owns 255,659 shares of the company’s stock valued at $110,966,000 after purchasing an additional 76,673 shares during the period. UNIVEST FINANCIAL Corp boosted its holdings in shares of Casey’s General Stores by 157.2% in the second quarter. UNIVEST FINANCIAL Corp now owns 8,556 shares of the company’s stock valued at $4,366,000 after buying an additional 5,230 shares during the period. Franklin Resources Inc. boosted its holdings in shares of Casey’s General Stores by 0.3% in the second quarter. Franklin Resources Inc. now owns 708,893 shares of the company’s stock valued at $361,727,000 after buying an additional 2,467 shares during the period. West Bancorporation Inc. bought a new stake in shares of Casey’s General Stores during the second quarter worth $278,000. Finally, Curi RMB Capital LLC raised its holdings in shares of Casey’s General Stores by 15.8% during the first quarter. Curi RMB Capital LLC now owns 17,881 shares of the company’s stock worth $7,761,000 after acquiring an additional 2,446 shares during the period. 85.63% of the stock is owned by institutional investors.

Casey’s General Stores Price Performance

NASDAQ:CASY opened at $573.58 on Tuesday. Casey’s General Stores, Inc. has a 12-month low of $372.08 and a 12-month high of $574.68. The firm has a market capitalization of $21.26 billion, a price-to-earnings ratio of 35.28 and a beta of 0.65. The stock’s 50 day moving average price is $547.57 and its two-hundred day moving average price is $530.71. 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 released its quarterly earnings data on Tuesday, December 9th. The company reported $5.53 EPS for the quarter, topping analysts’ consensus estimates of $4.92 by $0.61. The firm had revenue of $4.51 billion during the quarter, compared to analysts’ expectations of $4.51 billion. Casey’s General Stores had a net margin of 3.58% and a return on equity of 16.89%. The company’s revenue for the quarter was up 14.2% compared to the same quarter last year. During the same period in the previous year, the business posted $4.85 earnings per share. On average, analysts anticipate 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 will be paid on Friday, February 13th. Stockholders of record on Sunday, February 1st will be issued a dividend of $0.57 per share. The ex-dividend date of this dividend is Friday, January 30th. This represents a $2.28 dividend on an annualized basis and a dividend yield of 0.4%. Casey’s General Stores’s dividend payout ratio (DPR) is currently 14.02%.

Insider Activity

In related news, insider Chad Michael Frazell sold 3,487 shares of the firm’s stock in a transaction dated Monday, September 29th. The shares were sold at an average price of $555.40, for a total transaction of $1,936,679.80. Following the transaction, the insider directly owned 7,993 shares of the company’s stock, valued at approximately $4,439,312.20. This trade represents a 30.37% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.54% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. Weiss Ratings reissued a “buy (b)” rating on shares of Casey’s General Stores in a research note on Monday, December 15th. KeyCorp reissued an “overweight” rating on shares of Casey’s General Stores in a research report on Thursday, December 11th. Stephens upped 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. Zacks Research downgraded shares of Casey’s General Stores from a “strong-buy” rating to a “hold” rating in a report on Friday, November 21st. Finally, Royal Bank Of Canada boosted their price objective on shares of Casey’s General Stores from $570.00 to $591.00 and gave the stock a “sector perform” rating in a research report on Wednesday, December 10th. Seven analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $585.67.

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.