Casey’s General Stores, Inc. (NASDAQ:CASY) Shares Bought by Aptus Capital Advisors LLC

by · The Cerbat Gem

Aptus Capital Advisors LLC lifted its holdings in shares of Casey’s General Stores, Inc. (NASDAQ:CASY – Free Report) by 15.2% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 28,575 shares of the company’s stock after purchasing an additional 3,776 shares during the quarter. Aptus Capital Advisors LLC owned about 0.08% of Casey’s General Stores worth $10,736,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Susquehanna Fundamental Investments LLC acquired a new position in Casey’s General Stores during the 1st quarter worth $794,000. Concurrent Investment Advisors LLC grew its position in shares of Casey’s General Stores by 28.7% during the first quarter. Concurrent Investment Advisors LLC now owns 3,126 shares of the company’s stock worth $995,000 after buying an additional 697 shares in the last quarter. Sei Investments Co. increased its stake in shares of Casey’s General Stores by 19.1% during the first quarter. Sei Investments Co. now owns 45,149 shares of the company’s stock worth $14,379,000 after buying an additional 7,235 shares during the period. US Bancorp DE raised its holdings in Casey’s General Stores by 11.6% in the first quarter. US Bancorp DE now owns 2,802 shares of the company’s stock valued at $892,000 after acquiring an additional 291 shares in the last quarter. Finally, Avantax Advisory Services Inc. purchased a new position in Casey’s General Stores in the first quarter worth approximately $226,000. Hedge funds and other institutional investors own 85.63% of the company’s stock.

Insider Activity

In other news, insider Thomas P. Brennan, Jr. sold 3,000 shares of the firm’s stock in a transaction on Friday, September 6th. The stock was sold at an average price of $380.24, for a total transaction of $1,140,720.00. Following the sale, the insider now owns 9,044 shares in the company, valued at $3,438,890.56. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other news, CEO Darren M. Rebelez sold 13,500 shares of the business’s stock in a transaction on Friday, September 6th. The shares were sold at an average price of $374.54, for a total transaction of $5,056,290.00. Following the completion of the sale, the chief executive officer now directly owns 73,838 shares of the company’s stock, valued at $27,655,284.52. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Thomas P. Brennan, Jr. sold 3,000 shares of Casey’s General Stores stock in a transaction on Friday, September 6th. The shares were sold at an average price of $380.24, for a total value of $1,140,720.00. Following the completion of the transaction, the insider now owns 9,044 shares in the company, valued at $3,438,890.56. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.56% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on CASY. Evercore ISI upped their price objective on Casey’s General Stores from $435.00 to $440.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 16th. JPMorgan Chase & Co. cut shares of Casey’s General Stores from a “neutral” rating to an “underweight” rating and upped their target price for the company from $300.00 to $337.00 in a report on Thursday, September 19th. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Casey’s General Stores from $451.00 to $454.00 and gave the stock a “buy” rating in a research note on Wednesday, November 6th. Melius Research began coverage on shares of Casey’s General Stores in a research note on Monday, September 23rd. They issued a “buy” rating and a $435.00 price objective for the company. Finally, Wells Fargo & Company boosted their target price on Casey’s General Stores from $415.00 to $425.00 and gave the company an “overweight” rating in a report on Friday, September 6th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, Casey’s General Stores presently has an average rating of “Moderate Buy” and an average price target of $408.25.

View Our Latest Stock Report on CASY

Casey’s General Stores Price Performance

Shares of NASDAQ:CASY traded up $1.93 during trading on Tuesday, hitting $412.90. 46,917 shares of the stock were exchanged, compared to its average volume of 268,585. The company has a market cap of $15.33 billion, a PE ratio of 29.91 and a beta of 0.79. The company has a current ratio of 0.84, a quick ratio of 0.44 and a debt-to-equity ratio of 0.44. The company has a fifty day moving average price of $383.05 and a two-hundred day moving average price of $367.39. Casey’s General Stores, Inc. has a 12-month low of $266.56 and a 12-month high of $420.27.

Casey’s General Stores (NASDAQ:CASY – Get Free Report) last announced its quarterly earnings results on Wednesday, September 4th. The company reported $4.83 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.54 by $0.29. Casey’s General Stores had a net margin of 3.40% and a return on equity of 17.07%. The company had revenue of $4.10 billion for the quarter, compared to the consensus estimate of $4.15 billion. During the same quarter in the prior year, the firm earned $4.52 earnings per share. The company’s revenue for the quarter was up 5.9% compared to the same quarter last year. On average, analysts forecast that Casey’s General Stores, Inc. will post 14.24 EPS for the current year.

Casey’s General Stores Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Friday, November 1st will be given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.48%. The ex-dividend date of this dividend is Friday, November 1st. Casey’s General Stores’s dividend payout ratio is presently 14.56%.

About Casey’s General Stores

(Free Report)

Casey's General Stores, Inc, together with its subsidiaries, operates convenience stores under the Casey's and Casey's General Store names. Its stores offer pizza, donuts, breakfast items, and sandwiches; and tobacco and nicotine products. The company's stores provide soft drinks, energy, water, sports drinks, juices, coffee, and tea and dairy products; beer, wine, and spirits; snacks, candy, packaged bakery, and other food items; ice, ice cream, meals, and appetizers; health and beauty aids, automotive products, electronic accessories, housewares, and pet supplies; and ATM, lotto/lottery, and prepaid cards.

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