7,616 Shares in Casey’s General Stores, Inc. $CASY Purchased by Pensioenfonds Rail & OV

Pensioenfonds Rail & OV purchased a new stake in Casey’s General Stores, Inc. (NASDAQ:CASY) in the 3rd quarter, HoldingsChannel reports. The fund purchased 7,616 shares of the company’s stock, valued at approximately $4,634,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in CASY. BlackRock Inc. acquired a new position in Casey’s General Stores in the 2nd quarter worth approximately $2,759,895,000. Bank of America Corp DE acquired a new stake in Casey’s General Stores during the 2nd quarter valued at $281,872,000. Bank of New York Mellon Corp acquired a new stake in Casey’s General Stores during the 2nd quarter valued at $281,011,000. Jupiter Topco LLC acquired a new stake in Casey’s General Stores during the 2nd quarter valued at $246,982,000. Finally, Corient Private Wealth LP acquired a new stake in Casey’s General Stores during the 2nd quarter valued at $164,376,000. Institutional investors and hedge funds own 85.63% of the company’s stock.

Casey’s General Stores Stock Up 0.8%

Shares of CASY stock traded up $5.45 during trading on Friday, hitting $712.08. 253,224 shares of the company were exchanged, compared to its average volume of 456,679. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.61 and a current ratio of 1.02. The firm has a market capitalization of $26.32 billion, a price-to-earnings ratio of 34.30, a P/E/G ratio of 2.29 and a beta of 0.59. The business’s 50-day simple moving average is $653.39 and its 200 day simple moving average is $743.08. Casey’s General Stores, Inc. has a twelve month low of $529.84 and a twelve month high of $927.85.

Casey’s General Stores (NASDAQ:CASY) last announced its quarterly earnings data on Tuesday, September 8th. The company reported $7.37 EPS for the quarter, beating analysts’ consensus estimates of $6.78 by $0.59. The firm had revenue of $5.68 billion for the quarter, compared to the consensus estimate of $5.56 billion. Casey’s General Stores had a net margin of 4.14% and a return on equity of 19.68%. The firm’s revenue was up 24.3% on a year-over-year basis. During the same period in the previous year, the firm posted $5.77 earnings per share. As a group, analysts forecast that Casey’s General Stores, Inc. will post 21.61 EPS for the current fiscal year.

Casey’s General Stores Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, November 13th. Shareholders of record on Sunday, November 1st were paid a dividend of $0.65 per share. The ex-dividend date of this dividend was Friday, October 30th. This represents a $2.60 dividend on an annualized basis and a dividend yield of 0.4%. Casey’s General Stores’s dividend payout ratio (DPR) is 12.52%.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the company. Raymond James Financial upgraded Casey’s General Stores from a “market perform” rating to an “outperform” rating and set a $750.00 target price for the company in a report on Thursday, September 10th. The Goldman Sachs Group set a $750.00 price target on Casey’s General Stores in a report on Wednesday, September 9th. Stephens set a $750.00 price target on Casey’s General Stores in a research report on Thursday, September 10th. Deutsche Bank reissued a “buy” rating and set a $933.00 price target on shares of Casey’s General Stores in a research report on Thursday, September 10th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Casey’s General Stores in a research note on Monday, October 19th. Sixteen analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $835.38.

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.