Nicola Wealth Management LTD. Has $23.33 Million Holdings in Casey’s General Stores, Inc. (NASDAQ:CASY)

Nicola Wealth Management LTD. grew its holdings in Casey’s General Stores, Inc. (NASDAQ:CASY) by 12.9% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 62,100 shares of the company’s stock after purchasing an additional 7,100 shares during the quarter. Casey’s General Stores makes up 2.1% of Nicola Wealth Management LTD.’s portfolio, making the stock its 10th biggest position. Nicola Wealth Management LTD. owned 0.17% of Casey’s General Stores worth $23,332,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Park Place Capital Corp acquired a new position in shares of Casey’s General Stores during the second quarter worth $31,000. Advisors Asset Management Inc. acquired a new position in Casey’s General Stores during the 1st quarter valued at approximately $32,000. Innealta Capital LLC acquired a new stake in shares of Casey’s General Stores during the second quarter worth $32,000. Bank & Trust Co purchased a new stake in shares of Casey’s General Stores during the second quarter valued at $40,000. Finally, Venturi Wealth Management LLC lifted its position in 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 acquiring an additional 113 shares during the period. Hedge funds and other institutional investors own 85.63% of the company’s stock.

Casey’s General Stores Trading Up 0.4 %

Shares of CASY traded up $1.78 during midday trading on Thursday, hitting $410.89. 21,745 shares of the stock were exchanged, compared to its average volume of 268,065. The firm has a market cap of $15.25 billion, a P/E ratio of 29.78 and a beta of 0.79. Casey’s General Stores, Inc. has a 52-week low of $266.56 and a 52-week high of $420.27. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.44 and a current ratio of 0.84. The stock has a fifty day simple moving average of $385.38 and a 200 day simple moving average of $368.36.

Casey’s General Stores (NASDAQ:CASY) last issued its quarterly earnings results on Wednesday, September 4th. The company reported $4.83 earnings per share for the quarter, topping the consensus estimate of $4.54 by $0.29. Casey’s General Stores had a return on equity of 17.07% and a net margin of 3.40%. The company had revenue of $4.10 billion for the quarter, compared to the consensus estimate of $4.15 billion. During the same quarter in the prior year, the business earned $4.52 EPS. Casey’s General Stores’s revenue was up 5.9% on a year-over-year basis. On average, research analysts anticipate that Casey’s General Stores, Inc. will post 14.24 EPS for the current fiscal year.

Casey’s General Stores Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Friday, November 1st will be issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 0.49%. The ex-dividend date is Friday, November 1st. Casey’s General Stores’s dividend payout ratio (DPR) is 14.56%.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the stock. StockNews.com lowered shares of Casey’s General Stores from a “strong-buy” rating to a “buy” rating in a report on Saturday, August 3rd. JPMorgan Chase & Co. lowered shares of Casey’s General Stores from a “neutral” rating to an “underweight” rating and increased their target price for the stock from $300.00 to $337.00 in a research note on Thursday, September 19th. Deutsche Bank Aktiengesellschaft lifted their price target on Casey’s General Stores from $451.00 to $454.00 and gave the company a “buy” rating in a research note on Wednesday, November 6th. Melius Research began coverage on Casey’s General Stores in a report on Monday, September 23rd. They issued a “buy” rating and a $435.00 price target for the company. Finally, Benchmark reissued a “buy” rating and issued a $410.00 price objective on shares of Casey’s General Stores in a report on Tuesday, September 10th. One analyst has rated the stock with a sell rating, three have given a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $408.25.

Insider Buying and Selling at Casey’s General Stores

In related news, insider Thomas P. Brennan, Jr. sold 3,000 shares of the stock in a transaction on Friday, September 6th. The shares were sold at an average price of $380.24, for a total value of $1,140,720.00. Following the transaction, the insider now directly owns 9,044 shares of the company’s stock, valued at $3,438,890.56. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In other Casey’s General Stores news, CEO Darren M. Rebelez sold 13,500 shares of Casey’s General Stores stock in a transaction on Friday, September 6th. The shares were sold at an average price of $374.54, for a total value of $5,056,290.00. Following the transaction, the chief executive officer now directly owns 73,838 shares in the company, valued at approximately $27,655,284.52. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Thomas P. Brennan, Jr. sold 3,000 shares of the firm’s stock in a transaction dated Friday, September 6th. The stock was sold at an average price of $380.24, for a total value of $1,140,720.00. Following the transaction, the insider now directly owns 9,044 shares in the company, valued at approximately $3,438,890.56. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 0.56% of the stock is currently owned by insiders.

Casey’s General Stores Company Profile

Casey's General Stores, Inc, together with its subsidiaries, operates convenience stores under the Casey's and Casey's General Store names. Its stores offer pizza, donuts, breakfast items, and sandwiches; and tobacco and nicotine products. The company's stores provide soft drinks, energy, water, sports drinks, juices, coffee, and tea and dairy products; beer, wine, and spirits; snacks, candy, packaged bakery, and other food items; ice, ice cream, meals, and appetizers; health and beauty aids, automotive products, electronic accessories, housewares, and pet supplies; and ATM, lotto/lottery, and prepaid cards.