PNC Financial Services Group Inc. Increases Stock Holdings in Casey’s General Stores, Inc. $CASY

PNC Financial Services Group Inc. raised its position in shares of Casey’s General Stores, Inc. (NASDAQ:CASY) by 2.6% in the fourth quarter, HoldingsChannel reports. The firm owned 140,491 shares of the company’s stock after buying an additional 3,553 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Casey’s General Stores were worth $77,651,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in CASY. Advisors Capital Management LLC raised its position in Casey’s General Stores by 4.4% in the third quarter. Advisors Capital Management LLC now owns 48,355 shares of the company’s stock worth $27,336,000 after acquiring an additional 2,026 shares during the period. Thrivent Financial for Lutherans grew its position in shares of Casey’s General Stores by 1.0% during the 3rd quarter. Thrivent Financial for Lutherans now owns 191,156 shares of the company’s stock valued at $108,065,000 after acquiring an additional 1,950 shares during the period. GSA Capital Partners LLP grew its position in shares of Casey’s General Stores by 61.6% during the 3rd quarter. GSA Capital Partners LLP now owns 2,572 shares of the company’s stock valued at $1,454,000 after acquiring an additional 980 shares during the period. AE Wealth Management LLC increased its stake in shares of Casey’s General Stores by 82.3% in the 3rd quarter. AE Wealth Management LLC now owns 2,574 shares of the company’s stock worth $1,456,000 after purchasing an additional 1,162 shares in the last quarter. Finally, Carnegie Investment Counsel increased its stake in shares of Casey’s General Stores by 7.0% in the 4th quarter. Carnegie Investment Counsel now owns 50,997 shares of the company’s stock worth $28,187,000 after purchasing an additional 3,338 shares in the last quarter. Institutional investors own 85.63% of the company’s stock.

Casey’s General Stores Trading Up 0.0%

Shares of Casey’s General Stores stock opened at $852.51 on Thursday. Casey’s General Stores, Inc. has a fifty-two week low of $433.16 and a fifty-two week high of $901.00. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.64 and a current ratio of 1.04. The company has a market capitalization of $31.51 billion, a P/E ratio of 48.94, a P/E/G ratio of 2.36 and a beta of 0.65. The company has a fifty day moving average of $763.05 and a 200 day moving average of $654.79.

Casey’s General Stores (NASDAQ:CASY) last released its quarterly earnings data on Monday, March 9th. The company reported $3.49 earnings per share for the quarter, topping analysts’ consensus estimates of $2.94 by $0.55. Casey’s General Stores had a return on equity of 17.56% and a net margin of 3.83%.The firm had revenue of $3.92 billion during the quarter, compared to analyst estimates of $4.08 billion. During the same quarter in the prior year, the company posted $2.33 earnings per share. The business’s quarterly revenue was up .3% compared to the same quarter last year. On average, sell-side analysts anticipate that Casey’s General Stores, Inc. will post 18.24 earnings per share for the current fiscal year.

Casey’s General Stores Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, May 15th. Investors of record on Friday, May 1st were given a dividend of $0.57 per share. The ex-dividend date was Friday, May 1st. This represents a $2.28 dividend on an annualized basis and a dividend yield of 0.3%. Casey’s General Stores’s dividend payout ratio is currently 13.09%.

Insider Buying and Selling at Casey’s General Stores

In other Casey’s General Stores news, insider Katrina S. Lindsey sold 200 shares of the business’s stock in a transaction on Wednesday, March 11th. The shares were sold at an average price of $683.04, for a total value of $136,608.00. Following the sale, the insider owned 4,039 shares in the company, valued at $2,758,798.56. The trade was a 4.72% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Mike Spanos bought 300 shares of Casey’s General Stores stock in a transaction dated Friday, March 13th. The stock was purchased at an average cost of $665.43 per share, for a total transaction of $199,629.00. Following the completion of the acquisition, the director directly owned 4,499 shares of the company’s stock, valued at approximately $2,993,769.57. The trade was a 7.14% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Company insiders own 0.54% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on CASY shares. Wells Fargo & Company lifted their target price on Casey’s General Stores from $725.00 to $745.00 and gave the company an “overweight” rating in a research report on Tuesday, March 10th. William Blair started coverage on Casey’s General Stores in a research report on Wednesday. They issued an “outperform” rating for the company. KeyCorp raised their price objective on Casey’s General Stores from $830.00 to $860.00 and gave the stock an “overweight” rating in a research note on Friday, April 24th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Casey’s General Stores in a research report on Friday, March 27th. Finally, Royal Bank Of Canada boosted their price objective on Casey’s General Stores from $662.00 to $713.00 and gave the company a “sector perform” rating in a research note on Tuesday, March 10th. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat, Casey’s General Stores presently has a consensus rating of “Moderate Buy” and a consensus target price of $737.36.

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.