Amalgamated Bank Sells 3,629 Shares of Casey’s General Stores, Inc. (NASDAQ:CASY)

Amalgamated Bank lessened its stake in shares of Casey’s General Stores, Inc. (NASDAQ:CASY) by 15.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 19,205 shares of the company’s stock after selling 3,629 shares during the quarter. Amalgamated Bank’s holdings in Casey’s General Stores were worth $7,216,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in CASY. Park Place Capital Corp bought a new stake in Casey’s General Stores during the second quarter valued at about $31,000. Innealta Capital LLC purchased a new stake in shares of Casey’s General Stores during the second quarter valued at about $32,000. Advisors Asset Management Inc. bought a new stake in shares of Casey’s General Stores in the 1st quarter valued at about $32,000. Bank & Trust Co acquired a new position in Casey’s General Stores during the 2nd quarter valued at about $40,000. Finally, V Square Quantitative Management LLC increased its stake in Casey’s General Stores by 22.5% during the 3rd quarter. V Square Quantitative Management LLC now owns 158 shares of the company’s stock valued at $59,000 after purchasing an additional 29 shares in the last quarter. 85.63% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Casey’s General Stores

In other news, Director Mike Spanos bought 267 shares of the business’s stock in a transaction that occurred on Wednesday, September 18th. The shares were acquired at an average cost of $376.18 per share, with a total value of $100,440.06. Following the transaction, the director now owns 2,594 shares of the company’s stock, valued at $975,810.92. This represents a 0.00 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, Director Mike Spanos purchased 267 shares of the company’s stock in a transaction on Wednesday, September 18th. The stock was bought at an average cost of $376.18 per share, for a total transaction of $100,440.06. Following the completion of the purchase, the director now directly owns 2,594 shares of the company’s stock, valued at $975,810.92. The trade was a 0.00 % increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. 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 transaction of $1,140,720.00. Following 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. 0.56% of the stock is owned by insiders.

Analysts Set New Price Targets

CASY has been the subject of a number of recent research reports. Deutsche Bank Aktiengesellschaft lifted their price objective on Casey’s General Stores from $451.00 to $454.00 and gave the company a “buy” rating in a research note on Wednesday. Evercore ISI boosted their price target on shares of 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. Gordon Haskett initiated coverage on Casey’s General Stores in a report on Monday. They issued a “hold” rating and a $400.00 target price for the company. Benchmark restated a “buy” rating and set a $410.00 price target on shares of Casey’s General Stores in a report on Tuesday, September 10th. Finally, StockNews.com lowered shares of Casey’s General Stores from a “strong-buy” rating to a “buy” rating in a report on Saturday, August 3rd. One investment 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’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $408.25.

Casey’s General Stores Trading Up 3.1 %

Shares of Casey’s General Stores stock opened at $409.18 on Thursday. Casey’s General Stores, Inc. has a 12-month low of $266.56 and a 12-month high of $416.13. The stock has a market cap of $15.19 billion, a PE ratio of 29.78 and a beta of 0.79. The company has a 50-day moving average of $379.15 and a two-hundred day moving average of $364.67. The company has a current ratio of 0.84, a quick ratio of 0.44 and a debt-to-equity ratio of 0.44.

Casey’s General Stores (NASDAQ:CASY) last announced its earnings results on Wednesday, September 4th. The company reported $4.83 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $4.15 billion. During the same quarter in the previous year, the business posted $4.52 earnings per share. The firm’s quarterly revenue was up 5.9% compared to the same quarter last year. On average, research analysts anticipate that Casey’s General Stores, Inc. will post 14.01 EPS for the current fiscal year.

Casey’s General Stores Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Friday, November 1st will be given a $0.50 dividend. The ex-dividend date of this dividend is Friday, November 1st. This represents a $2.00 annualized dividend and a dividend yield of 0.49%. Casey’s General Stores’s dividend payout ratio is presently 14.56%.

Casey’s General Stores Profile

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.