LRT Capital Management LLC Sells 862 Shares of Casey’s General Stores, Inc. $CASY

LRT Capital Management LLC decreased its position in shares of Casey’s General Stores, Inc. (NASDAQ:CASY) by 26.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,435 shares of the company’s stock after selling 862 shares during the quarter. LRT Capital Management LLC’s holdings in Casey’s General Stores were worth $1,346,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently modified their holdings of the company. Northwestern Mutual Wealth Management Co. raised its holdings in Casey’s General Stores by 179,938.2% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 2,659,164 shares of the company’s stock worth $1,469,747,000 after buying an additional 2,657,687 shares during the last quarter. Norges Bank bought a new stake in Casey’s General Stores during the 4th quarter worth approximately $265,163,000. Franklin Resources Inc. raised its stake in shares of Casey’s General Stores by 40.9% in the fourth quarter. Franklin Resources Inc. now owns 1,068,682 shares of the company’s stock worth $590,671,000 after purchasing an additional 310,470 shares during the last quarter. Goldman Sachs Group Inc. lifted its holdings in shares of Casey’s General Stores by 175.3% in the fourth quarter. Goldman Sachs Group Inc. now owns 471,536 shares of the company’s stock valued at $260,622,000 after purchasing an additional 300,249 shares in the last quarter. Finally, Victory Capital Management Inc. lifted its holdings in shares of Casey’s General Stores by 35.4% in the third quarter. Victory Capital Management Inc. now owns 791,415 shares of the company’s stock valued at $447,403,000 after purchasing an additional 206,777 shares in the last quarter. 85.63% of the stock is currently owned by institutional investors.

Trending Headlines about Casey’s General Stores

Here are the key news stories impacting Casey’s General Stores this week:

• Positive Sentiment: JPMorgan raised its price target on Casey’s General Stores to $975 from $719, signaling improved valuation expectations even while keeping a neutral rating. Benzinga
• Positive Sentiment: Wells Fargo boosted its price target to $960 from $910 and reiterated an overweight rating, reflecting confidence in Casey’s execution and upside potential. Tickerreport.com
• Positive Sentiment: Recent coverage highlighted Casey’s as a long-term momentum stock, reinforcing the view that its business model has both growth and defensive appeal. Zacks
• Positive Sentiment: Analysts and market commentary pointed to durable margin momentum, strong inside sales, disciplined fuel operations, and store growth as reasons earnings power could keep rising into fiscal 2027. Zacks
• Positive Sentiment: The company was also highlighted for its dividend growth and shareholder-return profile, which can support investor interest during volatile markets. Zacks
• Positive Sentiment: MarketBeat commentary described Casey’s as a growth stock with defensive characteristics, supported by buybacks, cash flow generation, and guidance that investors view favorably. MarketBeat

Casey’s General Stores Stock Performance

NASDAQ:CASY opened at $895.14 on Friday. The company has a market capitalization of $33.08 billion, a P/E ratio of 46.72, a P/E/G ratio of 2.47 and a beta of 0.61. The business has a fifty day simple moving average of $801.23 and a two-hundred day simple moving average of $685.79. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.01 and a quick ratio of 0.64. Casey’s General Stores, Inc. has a 1 year low of $490.00 and a 1 year high of $927.85.

Casey’s General Stores (NASDAQ:CASY) last issued its quarterly earnings results on Tuesday, June 9th. The company reported $4.37 EPS for the quarter, beating 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 firm had revenue of $4.57 billion for the quarter, compared to analysts’ expectations of $4.33 billion. During the same quarter in the prior year, the firm earned $2.63 EPS. The business’s revenue for the quarter was up 14.5% compared to the same quarter last year. On average, analysts expect that Casey’s General Stores, Inc. will post 20.51 earnings per share for the current year.

Casey’s General Stores Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 14th. Shareholders of record on Saturday, August 1st will be given a dividend of $0.65 per share. This is a boost from Casey’s General Stores’s previous quarterly dividend of $0.57. This represents a $2.60 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date is Friday, July 31st. Casey’s General Stores’s dividend payout ratio (DPR) is 11.90%.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the company. Morgan Stanley upgraded Casey’s General Stores to a “buy” rating in a report on Wednesday. JPMorgan Chase & Co. lifted their price objective on shares of Casey’s General Stores from $719.00 to $975.00 and gave the stock a “neutral” rating in a report on Friday. Jefferies Financial Group increased their target price on shares of Casey’s General Stores from $700.00 to $780.00 and gave the company a “buy” rating in a report on Tuesday, March 10th. Wolfe Research reissued an “outperform” rating and set a $1,069.00 price target on shares of Casey’s General Stores in a research report on Thursday. Finally, Wall Street Zen upgraded shares of Casey’s General Stores from a “hold” rating to a “buy” rating in a report on Saturday. Eleven research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $899.25.

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.