TD Waterhouse Canada Inc. Has $1.06 Million Stock Holdings in Casey’s General Stores, Inc. $CASY

by · The Markets Daily

TD Waterhouse Canada Inc. grew its stake in Casey’s General Stores, Inc. (NASDAQ:CASYFree Report) by 502.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,915 shares of the company’s stock after buying an additional 1,597 shares during the period. TD Waterhouse Canada Inc.’s holdings in Casey’s General Stores were worth $1,058,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also added to or reduced their stakes in CASY. Foster Dykema Cabot & Partners LLC acquired a new stake in Casey’s General Stores during the third quarter worth approximately $25,000. Westside Investment Management Inc. grew its stake in Casey’s General Stores by 100.0% during the third quarter. Westside Investment Management Inc. now owns 46 shares of the company’s stock worth $26,000 after purchasing an additional 23 shares during the period. Central Pacific Bank Trust Division grew its stake in Casey’s General Stores by 52.8% during the fourth quarter. Central Pacific Bank Trust Division now owns 55 shares of the company’s stock worth $30,000 after purchasing an additional 19 shares during the period. True Wealth Design LLC grew its stake in Casey’s General Stores by 350.0% during the fourth quarter. True Wealth Design LLC now owns 54 shares of the company’s stock worth $30,000 after purchasing an additional 42 shares during the period. Finally, Atlantic Union Bankshares Corp acquired a new stake in Casey’s General Stores during the third quarter worth approximately $33,000. Institutional investors and hedge funds own 85.63% of the company’s stock.

Analyst Ratings Changes

Several research firms recently commented on CASY. Jefferies Financial Group raised their target price on Casey’s General Stores from $700.00 to $780.00 and gave the stock a “buy” rating in a research note on Tuesday, March 10th. Royal Bank Of Canada raised their target price on Casey’s General Stores from $662.00 to $713.00 and gave the stock a “sector perform” rating in a research note on Tuesday, March 10th. Stephens reaffirmed an “overweight” rating and set a $680.00 target price on shares of Casey’s General Stores in a research note on Tuesday, March 10th. Wall Street Zen cut Casey’s General Stores from a “buy” rating to a “hold” rating in a research note on Saturday, March 21st. Finally, Bank of America began coverage on Casey’s General Stores in a research note on Friday, January 9th. They set a “buy” rating for the company. Eight investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. According to MarketBeat.com, Casey’s General Stores presently has a consensus rating of “Moderate Buy” and an average target price of $722.36.

Get Our Latest Report on Casey’s General Stores

Casey’s General Stores Stock Up 0.9%

Shares of NASDAQ:CASY opened at $789.82 on Friday. The business’s 50 day simple moving average is $704.66 and its two-hundred day simple moving average is $618.52. The firm has a market cap of $29.19 billion, a P/E ratio of 45.34, a PEG ratio of 2.55 and a beta of 0.61. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.64 and a current ratio of 1.04. Casey’s General Stores, Inc. has a 52-week low of $430.00 and a 52-week high of $798.46.

Casey’s General Stores (NASDAQ:CASYGet Free Report) last announced its quarterly earnings results on Monday, March 9th. The company reported $3.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.94 by $0.55. The business had revenue of $3.92 billion for the quarter, compared to analyst estimates of $4.08 billion. Casey’s General Stores had a return on equity of 17.56% and a net margin of 3.83%.The company’s quarterly revenue was up .3% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.33 earnings per share. As a group, research analysts forecast that Casey’s General Stores, Inc. will post 18.1 EPS for the current fiscal year.

Casey’s General Stores Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, May 15th. Shareholders of record on Friday, May 1st will be issued a $0.57 dividend. The ex-dividend date is Friday, May 1st. This represents a $2.28 annualized dividend and a yield of 0.3%. Casey’s General Stores’s dividend payout ratio is presently 13.09%.

Insider Activity at Casey’s General Stores

In other Casey’s General Stores news, insider Katrina S. Lindsey sold 200 shares of the stock in a transaction that occurred on Wednesday, March 11th. The stock was sold at an average price of $683.04, for a total value of $136,608.00. Following the transaction, the insider owned 4,039 shares in the company, valued at approximately $2,758,798.56. This represents a 4.72% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Mike Spanos purchased 300 shares of the business’s stock in a transaction on Friday, March 13th. The stock was purchased at an average price of $665.43 per share, for a total transaction of $199,629.00. Following the acquisition, the director owned 4,499 shares of the company’s stock, valued at approximately $2,993,769.57. This represents a 7.14% increase in their position. The disclosure for this purchase is available in the SEC filing. 0.54% of the stock is currently owned by corporate insiders.

Casey’s General Stores Profile

(Free Report)

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.

See Also

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