WD Rutherford LLC Sells 509 Shares of Casey’s General Stores, Inc. $CASY

WD Rutherford LLC lessened its position in Casey’s General Stores, Inc. (NASDAQ:CASY) by 5.9% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 8,088 shares of the company’s stock after selling 509 shares during the quarter. Casey’s General Stores makes up about 1.9% of WD Rutherford LLC’s portfolio, making the stock its 22nd biggest position. WD Rutherford LLC’s holdings in Casey’s General Stores were worth $4,127,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Wellington Management Group LLP increased its position in shares of Casey’s General Stores by 190.6% during the 1st quarter. Wellington Management Group LLP now owns 1,244,311 shares of the company’s stock worth $540,081,000 after purchasing an additional 816,110 shares during the last quarter. JPMorgan Chase & Co. lifted its position in shares of Casey’s General Stores by 42.0% during the 1st quarter. JPMorgan Chase & Co. now owns 1,036,426 shares of the company’s stock valued at $449,851,000 after acquiring an additional 306,628 shares during the period. Raymond James Financial Inc. lifted its position in shares of Casey’s General Stores by 8.9% during the 1st quarter. Raymond James Financial Inc. now owns 649,815 shares of the company’s stock valued at $282,045,000 after acquiring an additional 52,939 shares during the period. GAMMA Investing LLC lifted its position in shares of Casey’s General Stores by 54,448.8% during the 1st quarter. GAMMA Investing LLC now owns 543,852 shares of the company’s stock valued at $236,054,000 after acquiring an additional 542,855 shares during the period. Finally, Bank of New York Mellon Corp raised its holdings in shares of Casey’s General Stores by 51.5% during the 1st quarter. Bank of New York Mellon Corp now owns 515,603 shares of the company’s stock worth $223,792,000 after buying an additional 175,372 shares in the last quarter. Institutional investors and hedge funds own 85.63% of the company’s stock.

Insider Buying and Selling

In other news, CFO Stephen P. Bramlage, Jr. sold 760 shares of the firm’s stock in a transaction that occurred on Wednesday, July 2nd. The stock was sold at an average price of $507.56, for a total value of $385,745.60. Following the transaction, the chief financial officer owned 25,994 shares in the company, valued at $13,193,514.64. This trade represents a 2.84% 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 hyperlink. Also, Director Mike Spanos bought 200 shares of the company’s stock in a transaction dated Monday, June 30th. The stock was bought at an average price of $503.18 per share, for a total transaction of $100,636.00. Following the acquisition, the director directly owned 3,560 shares of the company’s stock, valued at approximately $1,791,320.80. This represents a 5.95% increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.54% of the stock is owned by company insiders.

Casey’s General Stores Stock Up 0.8%

Shares of NASDAQ:CASY opened at $547.54 on Friday. The business’s 50 day simple moving average is $522.50 and its two-hundred day simple moving average is $482.83. The firm has a market cap of $20.36 billion, a P/E ratio of 35.14 and a beta of 0.66. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.61 and a current ratio of 1.03. Casey’s General Stores, Inc. has a 52-week low of $363.00 and a 52-week high of $571.57.

Casey’s General Stores (NASDAQ:CASY) last announced its quarterly earnings results on Monday, September 8th. The company reported $5.77 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.02 by $0.75. The business had revenue of $4.57 billion for the quarter, compared to analyst estimates of $4.47 billion. Casey’s General Stores had a return on equity of 16.73% and a net margin of 3.54%.The company’s quarterly revenue was up 11.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $4.83 earnings per share. As a group, research analysts forecast that Casey’s General Stores, Inc. will post 13.94 EPS for the current fiscal year.

Casey’s General Stores Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, November 14th. Shareholders of record on Saturday, November 1st will be issued a $0.57 dividend. The ex-dividend date is Friday, October 31st. This represents a $2.28 annualized dividend and a yield of 0.4%. Casey’s General Stores’s dividend payout ratio is presently 14.63%.

Wall Street Analyst Weigh In

A number of research firms have recently commented on CASY. Evercore ISI boosted their price target on Casey’s General Stores from $560.00 to $580.00 and gave the stock an “outperform” rating in a report on Wednesday, September 10th. Jefferies Financial Group upped their target price on Casey’s General Stores from $575.00 to $600.00 and gave the stock a “buy” rating in a report on Tuesday, September 9th. BMO Capital Markets upped their target price on Casey’s General Stores from $515.00 to $540.00 and gave the stock a “market perform” rating in a report on Wednesday, September 10th. Wall Street Zen raised Casey’s General Stores from a “hold” rating to a “buy” rating in a report on Saturday, June 14th. Finally, Royal Bank Of Canada upped their target price on Casey’s General Stores from $468.00 to $542.00 and gave the stock a “sector perform” rating in a report on Wednesday, July 9th. Seven research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, Casey’s General Stores has a consensus rating of “Moderate Buy” and an average price target of $529.10.

Casey’s General Stores Company Profile

Casey’s General Stores, Inc engages in the provision of management and operation of convenience stores and gasoline stations. It provides self-service gasoline, a wide selection of grocery items, and an array of freshly prepared food items. The firm offers food, beverages, tobacco products, health and beauty aids, automotive products, and other non-food items.