Federated Hermes Inc. cut its position in Casey's General Stores, Inc. (NASDAQ:CASY – Get Rating) by 6.4% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 7,662 shares of the company's stock after selling 526 shares during the quarter. Federated Hermes Inc.'s holdings in Casey's General Stores were worth $1,552,000 at the end of the most recent quarter.
Several other hedge funds have also recently bought and sold shares of the company. HBK Sorce Advisory LLC acquired a new position in Casey's General Stores during the 3rd quarter valued at about $28,000. Ronald Blue Trust Inc. increased its stake in Casey's General Stores by 1,200.0% during the 3rd quarter. Ronald Blue Trust Inc. now owns 169 shares of the company's stock valued at $31,000 after buying an additional 156 shares during the period. Meeder Asset Management Inc. increased its stake in Casey's General Stores by 39.4% during the 2nd quarter. Meeder Asset Management Inc. now owns 198 shares of the company's stock valued at $37,000 after buying an additional 56 shares during the period. New Millennium Group LLC acquired a new position in Casey's General Stores during the 2nd quarter valued at about $57,000. Finally, Lumature Wealth Partners LLC increased its stake in Casey's General Stores by 80.2% during the 1st quarter. Lumature Wealth Partners LLC now owns 310 shares of the company's stock valued at $61,000 after buying an additional 138 shares during the period. 84.74% of the stock is currently owned by institutional investors.
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Casey's General Stores Stock Performance
Casey's General Stores stock opened at $211.72 on Friday. The firm's 50 day simple moving average is $221.36 and its 200-day simple moving average is $222.76. The company has a market cap of $7.89 billion, a P/E ratio of 17.60 and a beta of 0.82. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.10 and a quick ratio of 0.65. Casey's General Stores, Inc. has a fifty-two week low of $174.05 and a fifty-two week high of $249.90.
Casey's General Stores (NASDAQ:CASY – Get Rating) last released its earnings results on Wednesday, March 8th. The company reported $2.36 earnings per share for the quarter, topping the consensus estimate of $1.83 by $0.53. The business had revenue of $3.33 billion for the quarter, compared to the consensus estimate of $3.35 billion. Casey's General Stores had a net margin of 2.96% and a return on equity of 18.02%. The firm's quarterly revenue was up 9.3% compared to the same quarter last year. During the same period last year, the firm posted $1.71 earnings per share. As a group, equities research analysts predict that Casey's General Stores, Inc. will post 11.6 EPS for the current year.
Casey's General Stores Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Monday, May 15th. Investors of record on Monday, May 1st will be issued a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a dividend yield of 0.72%. The ex-dividend date of this dividend is Friday, April 28th. Casey's General Stores's dividend payout ratio is currently 12.64%.
Analyst Ratings Changes
Several equities analysts have commented on the stock. Wells Fargo & Company raised their target price on shares of Casey's General Stores to $270.00 in a research note on Monday, December 12th. StockNews.com cut shares of Casey's General Stores from a "strong-buy" rating to a "buy" rating in a research note on Monday, March 6th. Royal Bank of Canada lifted their price objective on shares of Casey's General Stores from $268.00 to $273.00 and gave the stock a "sector perform" rating in a research note on Wednesday. Stephens reaffirmed an "overweight" rating and issued a $280.00 price objective on shares of Casey's General Stores in a research note on Wednesday. Finally, Northcoast Research cut shares of Casey's General Stores from a "buy" rating to a "neutral" rating in a research note on Thursday, December 8th. Four investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, Casey's General Stores has a consensus rating of "Moderate Buy" and an average target price of $259.44.
Casey's General Stores Profile
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Casey's General Stores, Inc engages in the 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.
Further Reading
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