Knights of Columbus Asset Advisors LLC Lowers Stock Holdings in Casey’s General Stores, Inc. $CASY

Knights of Columbus Asset Advisors LLC cut its holdings in shares of Casey’s General Stores, Inc. (NASDAQ:CASY) by 23.9% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 6,654 shares of the company’s stock after selling 2,095 shares during the quarter. Knights of Columbus Asset Advisors LLC’s holdings in Casey’s General Stores were worth $3,762,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Pittenger & Anderson Inc. increased its stake in shares of Casey’s General Stores by 27.1% during the 3rd quarter. Pittenger & Anderson Inc. now owns 5,478 shares of the company’s stock valued at $3,097,000 after acquiring an additional 1,169 shares during the last quarter. AE Wealth Management LLC grew its holdings in Casey’s General Stores by 82.3% in the third quarter. AE Wealth Management LLC now owns 2,574 shares of the company’s stock valued at $1,456,000 after purchasing an additional 1,162 shares during the period. Archer Investment Corp increased its position in Casey’s General Stores by 16.6% during the third quarter. Archer Investment Corp now owns 338 shares of the company’s stock worth $191,000 after purchasing an additional 48 shares during the last quarter. Great Lakes Advisors LLC raised its stake in Casey’s General Stores by 2.6% during the third quarter. Great Lakes Advisors LLC now owns 1,927 shares of the company’s stock worth $1,089,000 after purchasing an additional 48 shares during the period. Finally, Annis Gardner Whiting Capital Advisors LLC boosted its holdings in shares of Casey’s General Stores by 4,733.3% in the 3rd quarter. Annis Gardner Whiting Capital Advisors LLC now owns 290 shares of the company’s stock valued at $164,000 after purchasing an additional 284 shares during the last quarter. 85.63% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the company. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Casey’s General Stores in a research report on Monday, December 29th. Royal Bank Of Canada restated a “sector perform” rating and issued a $662.00 price target on shares of Casey’s General Stores in a report on Friday, January 23rd. KeyCorp set a $680.00 price target on shares of Casey’s General Stores in a research report on Monday. UBS Group reissued a “neutral” rating on shares of Casey’s General Stores in a research report on Thursday, December 11th. Finally, Bank of America began coverage on shares of Casey’s General Stores in a report on Friday, January 9th. They set a “buy” rating on the stock. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $624.09.

Insider Activity

In related news, Director Moats Maria Castanon purchased 300 shares of the company’s stock in a transaction that occurred on Monday, January 5th. The stock was acquired at an average price of $554.66 per share, for a total transaction of $166,398.00. Following the completion of the purchase, the director owned 803 shares in the company, valued at approximately $445,391.98. This represents a 59.64% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.54% of the company’s stock.

Casey’s General Stores Stock Performance

NASDAQ:CASY opened at $611.32 on Friday. The firm has a 50-day moving average of $578.67 and a two-hundred day moving average of $547.90. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.05 and a quick ratio of 0.65. The stock has a market cap of $22.66 billion, a P/E ratio of 37.60, a PEG ratio of 2.17 and a beta of 0.67. Casey’s General Stores, Inc. has a 1-year low of $372.08 and a 1-year high of $647.99.

Casey’s General Stores (NASDAQ:CASY) last released its quarterly earnings results on Tuesday, December 9th. The company reported $5.53 EPS for the quarter, topping the consensus estimate of $4.92 by $0.61. Casey’s General Stores had a return on equity of 16.89% and a net margin of 3.58%.The business had revenue of $4.51 billion for the quarter, compared to analysts’ expectations of $4.51 billion. During the same quarter in the previous year, the firm posted $4.85 earnings per share. The company’s revenue was up 14.2% compared to the same quarter last year. On average, research analysts expect that Casey’s General Stores, Inc. will post 13.94 earnings per share for the current fiscal year.

Casey’s General Stores Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, February 13th. Stockholders of record on Sunday, February 1st will be given a dividend of $0.57 per share. The ex-dividend date of this dividend is Friday, January 30th. This represents a $2.28 dividend on an annualized basis and a dividend yield of 0.4%. Casey’s General Stores’s dividend payout ratio (DPR) is presently 14.02%.

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.