Liberty One Investment Management LLC Has $51.23 Million Stake in Casey’s General Stores, Inc. $CASY

Liberty One Investment Management LLC lifted its position in Casey’s General Stores, Inc. (NASDAQ:CASY) by 115.9% during the 3rd quarter, Holdings Channel reports. The firm owned 90,620 shares of the company’s stock after buying an additional 48,654 shares during the quarter. Casey’s General Stores makes up 2.9% of Liberty One Investment Management LLC’s investment portfolio, making the stock its 19th biggest holding. Liberty One Investment Management LLC’s holdings in Casey’s General Stores were worth $51,227,000 as of its most recent filing with the SEC.

Other institutional investors have also recently added to or reduced their stakes in the company. CPC Advisors LLC grew its stake in Casey’s General Stores by 40.8% during the third quarter. CPC Advisors LLC now owns 8,430 shares of the company’s stock worth $4,766,000 after buying an additional 2,441 shares during the last quarter. Bogart Wealth LLC boosted its holdings in shares of Casey’s General Stores by 388.5% in the 3rd quarter. Bogart Wealth LLC now owns 127 shares of the company’s stock worth $72,000 after acquiring an additional 101 shares in the last quarter. Quent Capital LLC acquired a new position in shares of Casey’s General Stores in the 3rd quarter worth approximately $187,000. Nordea Investment Management AB grew its position in Casey’s General Stores by 0.5% during the 3rd quarter. Nordea Investment Management AB now owns 18,589 shares of the company’s stock worth $10,405,000 after acquiring an additional 85 shares during the last quarter. Finally, First Horizon Corp acquired a new stake in Casey’s General Stores during the 3rd quarter valued at $143,000. 85.63% of the stock is owned by institutional investors.

Casey’s General Stores Price Performance

Shares of CASY stock opened at $602.45 on Tuesday. The firm has a market cap of $22.33 billion, a price-to-earnings ratio of 37.05 and a beta of 0.67. Casey’s General Stores, Inc. has a 12 month low of $372.08 and a 12 month high of $610.09. The company has a quick ratio of 0.65, a current ratio of 1.05 and a debt-to-equity ratio of 0.62. The stock has a 50-day moving average price of $556.14 and a 200 day moving average price of $538.48.

Casey’s General Stores (NASDAQ:CASY) last released its earnings results on Tuesday, December 9th. The company reported $5.53 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.92 by $0.61. The company had revenue of $4.51 billion for the quarter, compared to the consensus estimate 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 was up 14.2% compared to the same quarter last year. During the same period in the prior year, the company posted $4.85 EPS. Research analysts expect that Casey’s General Stores, Inc. will post 13.94 EPS for the current year.

Casey’s General Stores Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 13th. Shareholders of record on Sunday, February 1st will be paid a $0.57 dividend. The ex-dividend date of this dividend is Friday, January 30th. This represents a $2.28 dividend on an annualized basis and a yield of 0.4%. Casey’s General Stores’s dividend payout ratio (DPR) is presently 14.02%.

Insider Activity at Casey’s General Stores

In related news, Director Moats Maria Castanon acquired 300 shares of the firm’s stock in a transaction that occurred on Monday, January 5th. The stock was acquired at an average cost of $554.66 per share, with a total value of $166,398.00. Following the completion of the purchase, the director directly owned 803 shares in the company, valued at approximately $445,391.98. This trade represents a 59.64% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.54% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have commented on CASY. Weiss Ratings reissued a “buy (b)” rating on shares of Casey’s General Stores in a research note on Monday, December 29th. Evercore ISI lifted their price target on Casey’s General Stores from $585.00 to $610.00 and gave the company an “outperform” rating in a report on Tuesday, December 2nd. Wells Fargo & Company upped their price target on shares of Casey’s General Stores from $610.00 to $625.00 and gave the stock an “overweight” rating in a research report on Tuesday, December 2nd. The Goldman Sachs Group restated a “neutral” rating and issued a $530.00 price objective on shares of Casey’s General Stores in a research report on Wednesday, December 10th. Finally, KeyCorp reiterated an “overweight” rating on shares of Casey’s General Stores in a research report on Thursday, December 11th. Nine equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $595.90.

Casey’s General Stores 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.