Tdam USA Inc. Has $2.06 Million Holdings in Casey’s General Stores Inc (CASY)

Tdam USA Inc. raised its position in Casey’s General Stores Inc (NASDAQ:CASY) by 45.4% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 15,965 shares of the company’s stock after acquiring an additional 4,986 shares during the quarter. Tdam USA Inc.’s holdings in Casey’s General Stores were worth $2,061,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in CASY. Kwmg LLC purchased a new position in shares of Casey’s General Stores during the second quarter valued at about $106,000. Parallel Advisors LLC purchased a new position in shares of Casey’s General Stores during the third quarter valued at about $139,000. Cerebellum GP LLC purchased a new position in shares of Casey’s General Stores during the second quarter valued at about $142,000. Crossmark Global Holdings Inc. purchased a new position in shares of Casey’s General Stores during the second quarter valued at about $204,000. Finally, Northwest Wealth Management LLC increased its position in shares of Casey’s General Stores by 43.5% during the third quarter. Northwest Wealth Management LLC now owns 1,650 shares of the company’s stock valued at $213,000 after buying an additional 500 shares during the period. Institutional investors own 95.88% of the company’s stock.

Several equities analysts recently issued reports on CASY shares. Wells Fargo & Co boosted their price target on shares of Casey’s General Stores from $97.00 to $120.00 and gave the company a “market perform” rating in a research report on Wednesday, September 12th. Deutsche Bank boosted their price target on shares of Casey’s General Stores to $142.00 and gave the company a “buy” rating in a research report on Wednesday, September 12th. Jefferies Financial Group boosted their price target on shares of Casey’s General Stores from $134.00 to $142.00 and gave the company a “buy” rating in a research report on Wednesday, September 12th. BidaskClub cut shares of Casey’s General Stores from a “buy” rating to a “hold” rating in a research report on Tuesday, August 28th. Finally, Royal Bank of Canada reiterated a “hold” rating and set a $120.00 price target on shares of Casey’s General Stores in a research report on Wednesday, August 8th. Five investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $133.89.

Shares of CASY opened at $127.21 on Monday. The stock has a market capitalization of $4.68 billion, a price-to-earnings ratio of 33.39, a price-to-earnings-growth ratio of 3.24 and a beta of 0.51. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.27 and a current ratio of 0.77. Casey’s General Stores Inc has a fifty-two week low of $90.42 and a fifty-two week high of $130.74.

Casey’s General Stores (NASDAQ:CASY) last announced its quarterly earnings data on Monday, September 10th. The company reported $1.90 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.67 by $0.23. The business had revenue of $2.59 billion for the quarter, compared to analysts’ expectations of $2.57 billion. Casey’s General Stores had a net margin of 3.73% and a return on equity of 12.38%. The business’s revenue was up 23.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.46 earnings per share. As a group, equities analysts predict that Casey’s General Stores Inc will post 4.65 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, November 15th. Shareholders of record on Thursday, November 1st will be issued a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a yield of 0.91%. The ex-dividend date is Wednesday, October 31st. Casey’s General Stores’s dividend payout ratio (DPR) is presently 30.45%.

In other Casey’s General Stores news, SVP Brian Joseph Johnson sold 1,500 shares of the company’s stock in a transaction dated Wednesday, September 12th. The shares were sold at an average price of $127.43, for a total value of $191,145.00. Following the sale, the senior vice president now owns 10,471 shares in the company, valued at $1,334,319.53. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.72% of the stock is currently owned by corporate insiders.

About Casey’s General Stores

Casey's General Stores, Inc, together with its subsidiaries, operates convenience stores under the Casey's and Casey's General Store names. The company's stores offer a selection of food, including freshly prepared foods, such as pizza, donuts, and sandwiches; beverage and tobacco products; health and beauty aids; automotive products; school supplies, housewares, and pet supplies; and other nonfood items.

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Institutional Ownership by Quarter for Casey`s General Stores (NASDAQ:CASY)

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