PNC Financial Services Group Inc. Has $6.29 Million Holdings in Casey’s General Stores, Inc. (NASDAQ:CASY)

PNC Financial Services Group Inc. grew its stake in Casey’s General Stores, Inc. (NASDAQ:CASY) by 7.7% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 15,863 shares of the company’s stock after buying an additional 1,138 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Casey’s General Stores were worth $6,285,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in CASY. YANKCOM Partnership acquired a new stake in shares of Casey’s General Stores in the fourth quarter worth about $34,000. Endeavor Private Wealth Inc. acquired a new position in shares of Casey’s General Stores during the 4th quarter worth about $36,000. Venturi Wealth Management LLC lifted its position in shares of Casey’s General Stores by 941.7% during the 3rd quarter. Venturi Wealth Management LLC now owns 125 shares of the company’s stock worth $47,000 after purchasing an additional 113 shares during the last quarter. MassMutual Private Wealth & Trust FSB lifted its position in shares of Casey’s General Stores by 24.2% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 149 shares of the company’s stock worth $59,000 after purchasing an additional 29 shares during the last quarter. Finally, Heck Capital Advisors LLC acquired a new position in shares of Casey’s General Stores during the 4th quarter worth about $79,000. Institutional investors and hedge funds own 85.63% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently weighed in on CASY shares. StockNews.com cut Casey’s General Stores from a “buy” rating to a “hold” rating in a research report on Saturday, March 8th. BMO Capital Markets reissued a “market perform” rating and set a $450.00 price objective (up previously from $400.00) on shares of Casey’s General Stores in a research report on Wednesday, December 18th. Evercore ISI cut their price objective on Casey’s General Stores from $460.00 to $450.00 and set an “outperform” rating for the company in a research report on Tuesday. Royal Bank of Canada set a $438.00 price target on Casey’s General Stores and gave the company a “sector perform” rating in a research note on Wednesday. Finally, Gordon Haskett upgraded Casey’s General Stores from a “hold” rating to a “buy” rating in a research note on Thursday, February 13th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $423.09.

Casey’s General Stores Trading Up 6.2 %

CASY stock opened at $402.07 on Thursday. Casey’s General Stores, Inc. has a 1-year low of $290.00 and a 1-year high of $445.17. The firm has a market cap of $14.92 billion, a P/E ratio of 28.02, a P/E/G ratio of 2.40 and a beta of 0.87. The business’s 50 day moving average is $409.76 and its 200-day moving average is $399.63. The company has a current ratio of 0.88, a quick ratio of 0.49 and a debt-to-equity ratio of 0.74.

Casey’s General Stores (NASDAQ:CASY) last released its quarterly earnings results on Tuesday, March 11th. The company reported $2.33 EPS for the quarter, topping analysts’ consensus estimates of $1.76 by $0.57. The business had revenue of $3.90 billion for the quarter, compared to analyst estimates of $3.74 billion. Casey’s General Stores had a return on equity of 17.17% and a net margin of 3.57%. Casey’s General Stores’s revenue for the quarter was up 17.2% on a year-over-year basis. During the same period in the prior year, the company earned $2.33 EPS. Equities analysts anticipate that Casey’s General Stores, Inc. will post 13.94 earnings per share for the current fiscal year.

Casey’s General Stores Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Thursday, May 1st will be issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 0.50%. The ex-dividend date of this dividend is Thursday, May 1st. Casey’s General Stores’s dividend payout ratio is 13.94%.

Insiders Place Their Bets

In other news, Director Mike Spanos acquired 500 shares of the stock in a transaction that occurred on Monday, December 23rd. The stock was acquired at an average price of $396.76 per share, for a total transaction of $198,380.00. Following the transaction, the director now directly owns 3,097 shares in the company, valued at approximately $1,228,765.72. This represents a 19.25 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 0.56% of the company’s stock.

Casey’s General Stores Company Profile

Casey’s General Stores, Inc engages in the provision of 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.