Martingale Asset Management L P Sells 15,650 Shares of Casey's General Stores, Inc. (NASDAQ:CASY)

Martingale Asset Management L P lessened its stake in shares of Casey's General Stores, Inc. (NASDAQ:CASY - Free Report) by 17.1% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 75,863 shares of the company's stock after selling 15,650 shares during the quarter. Martingale Asset Management L P owned 0.20% of Casey's General Stores worth $28,502,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of CASY. Infrastructure Capital Advisors LLC bought a new position in Casey's General Stores in the third quarter valued at about $218,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of Casey's General Stores by 1.7% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 104,839 shares of the company's stock worth $39,389,000 after acquiring an additional 1,771 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Casey's General Stores by 4.2% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,273 shares of the company's stock worth $3,108,000 after buying an additional 336 shares during the period. CreativeOne Wealth LLC raised its holdings in shares of Casey's General Stores by 76.7% during the third quarter. CreativeOne Wealth LLC now owns 1,002 shares of the company's stock worth $376,000 after acquiring an additional 435 shares during the period. Finally, Soros Capital Management LLC lifted its holdings in shares of Casey's General Stores by 1,825.6% in the third quarter. Soros Capital Management LLC now owns 27,632 shares of the company's stock valued at $10,382,000 after purchasing an additional 26,197 shares in the last quarter. Institutional investors and hedge funds own 85.63% of the company's stock.

Casey's General Stores Stock Down 0.0 %

Shares of CASY traded down $0.09 on Friday, reaching $420.89. The company's stock had a trading volume of 82,499 shares, compared to its average volume of 265,669. Casey's General Stores, Inc. has a twelve month low of $266.56 and a twelve month high of $435.60. The stock has a market capitalization of $15.62 billion, a PE ratio of 30.62 and a beta of 0.79. The company has a current ratio of 0.84, a quick ratio of 0.44 and a debt-to-equity ratio of 0.44. The firm has a fifty day moving average of $394.36 and a 200-day moving average of $375.06.

Casey's General Stores (NASDAQ:CASY - Get Free Report) last issued its quarterly earnings data on Wednesday, September 4th. The company reported $4.83 EPS for the quarter, topping the consensus estimate of $4.54 by $0.29. The firm had revenue of $4.10 billion during the quarter, compared to the consensus estimate of $4.15 billion. Casey's General Stores had a return on equity of 17.07% and a net margin of 3.40%. The company's quarterly revenue was up 5.9% compared to the same quarter last year. During the same period in the prior year, the business posted $4.52 earnings per share. Equities analysts predict that Casey's General Stores, Inc. will post 14.22 EPS for the current year.

Insider Buying and Selling at Casey's General Stores

In other Casey's General Stores news, Director Mike Spanos bought 267 shares of Casey's General Stores stock in a transaction dated Wednesday, September 18th. The stock was bought at an average cost of $376.18 per share, with a total value of $100,440.06. Following the completion of the acquisition, the director now directly owns 2,594 shares in the company, valued at approximately $975,810.92. The trade was a 11.47 % increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Darren M. Rebelez sold 13,500 shares of Casey's General Stores stock in a transaction on Friday, September 6th. The stock was sold at an average price of $374.54, for a total value of $5,056,290.00. Following the sale, the chief executive officer now owns 73,838 shares in the company, valued at $27,655,284.52. This trade represents a 15.46 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.56% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on CASY shares. StockNews.com cut Casey's General Stores from a "strong-buy" rating to a "buy" rating in a report on Saturday, August 3rd. Royal Bank of Canada increased their price target on shares of Casey's General Stores from $393.00 to $403.00 and gave the company a "sector perform" rating in a report on Thursday, September 5th. Wells Fargo & Company boosted their price objective on Casey's General Stores from $415.00 to $425.00 and gave the stock an "overweight" rating in a report on Friday, September 6th. Melius Research assumed coverage on Casey's General Stores in a research report on Monday, September 23rd. They issued a "buy" rating and a $435.00 price target on the stock. Finally, JPMorgan Chase & Co. downgraded Casey's General Stores from a "neutral" rating to an "underweight" rating and raised their target price for the company from $300.00 to $337.00 in a report on Thursday, September 19th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and nine have given a buy rating to the stock. According to MarketBeat, Casey's General Stores currently has an average rating of "Moderate Buy" and an average price target of $408.25.

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. 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.