Nykredit A S Purchases Shares of 17,221 Casey’s General Stores, Inc. $CASY

Nykredit A S purchased a new position in Casey’s General Stores, Inc. (NASDAQ:CASY) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 17,221 shares of the company’s stock, valued at approximately $13,687,000.

Several other institutional investors have also recently made changes to their positions in CASY. B. Metzler seel. Sohn & Co. AG lifted its position in shares of Casey’s General Stores by 35.0% during the 2nd quarter. B. Metzler seel. Sohn & Co. AG now owns 1,161 shares of the company’s stock valued at $923,000 after buying an additional 301 shares in the last quarter. Proficio Capital Partners LLC bought a new position in shares of Casey’s General Stores during the 2nd quarter valued at approximately $843,000. Renasant Bank increased its holdings in Casey’s General Stores by 5.7% in the 2nd quarter. Renasant Bank now owns 369 shares of the company’s stock worth $293,000 after acquiring an additional 20 shares in the last quarter. Sigma Planning Corp increased its holdings in Casey’s General Stores by 48.1% in the 2nd quarter. Sigma Planning Corp now owns 557 shares of the company’s stock worth $442,000 after acquiring an additional 181 shares in the last quarter. Finally, Cookson Peirce & Co. Inc. raised its stake in Casey’s General Stores by 1.9% during the 2nd quarter. Cookson Peirce & Co. Inc. now owns 19,508 shares of the company’s stock worth $15,505,000 after acquiring an additional 364 shares during the period. Institutional investors own 85.63% of the company’s stock.

Casey’s General Stores Price Performance

Shares of NASDAQ:CASY opened at $756.09 on Friday. The firm has a market cap of $27.98 billion, a price-to-earnings ratio of 39.46, a P/E/G ratio of 2.60 and a beta of 0.59. The firm has a fifty day moving average price of $827.10 and a 200 day moving average price of $784.78. Casey’s General Stores, Inc. has a fifty-two week low of $497.38 and a fifty-two week high of $927.85. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.60 and a current ratio of 1.01.

Casey’s General Stores (NASDAQ:CASY) last announced its quarterly earnings results on Tuesday, June 9th. The company reported $4.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.31 by $1.06. The company had revenue of $4.57 billion for the quarter, compared to the consensus estimate of $4.33 billion. Casey’s General Stores had a net margin of 4.07% and a return on equity of 18.73%. Casey’s General Stores’s revenue for the quarter was up 14.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.63 EPS. As a group, sell-side analysts expect that Casey’s General Stores, Inc. will post 21.11 earnings per share for the current fiscal year.

Analyst Ratings Changes

CASY has been the topic of several analyst reports. BNP Paribas Exane lowered their price target on shares of Casey’s General Stores from $1,032.00 to $995.00 and set an “outperform” rating on the stock in a report on Thursday, June 25th. The Goldman Sachs Group increased their price objective on shares of Casey’s General Stores from $695.00 to $795.00 and gave the stock a “neutral” rating in a research note on Thursday, June 25th. BMO Capital Markets upgraded shares of Casey’s General Stores from a “market perform” rating to an “outperform” rating and set a $950.00 target price on the stock in a research note on Monday, June 29th. UBS Group dropped their target price on shares of Casey’s General Stores from $945.00 to $925.00 and set a “neutral” rating for the company in a report on Thursday, August 27th. Finally, Royal Bank Of Canada reiterated a “sector perform” rating and issued a $913.00 price target on shares of Casey’s General Stores in a research note on Wednesday, July 29th. Fourteen research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $928.53.

Insider Activity

In other news, insider Chad Frazell sold 3,013 shares of the firm’s stock in a transaction dated Tuesday, June 30th. The stock was sold at an average price of $787.49, for a total transaction of $2,372,707.37. Following the completion of the transaction, the insider owned 9,823 shares in the company, valued at $7,735,514.27. This trade represents a 23.47% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Katrina Lindsey sold 2,000 shares of Casey’s General Stores stock in a transaction dated Monday, June 29th. The stock was sold at an average price of $800.00, for a total value of $1,600,000.00. Following the completion of the sale, the insider directly owned 6,668 shares in the company, valued at $5,334,400. This trade represents a 23.07% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 30,243 shares of company stock valued at $24,421,877. 0.67% of the stock is owned by corporate insiders.

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.