Dean Investment Associates LLC Sells 1,347 Shares of Casey's General Stores, Inc. (NASDAQ:CASY)

Dean Investment Associates LLC reduced its holdings in shares of Casey's General Stores, Inc. (NASDAQ:CASY - Free Report) by 16.6% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 6,767 shares of the company's stock after selling 1,347 shares during the quarter. Dean Investment Associates LLC's holdings in Casey's General Stores were worth $2,542,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in CASY. FMR LLC lifted its position in Casey's General Stores by 3.8% during the third quarter. FMR LLC now owns 1,046,830 shares of the company's stock worth $393,305,000 after acquiring an additional 38,226 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in Casey's General Stores by 3.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 468,650 shares of the company's stock worth $178,822,000 after purchasing an additional 14,750 shares during the last quarter. Envestnet Asset Management Inc. boosted its stake in Casey's General Stores by 20.4% in the 2nd quarter. Envestnet Asset Management Inc. now owns 458,044 shares of the company's stock valued at $174,771,000 after purchasing an additional 77,515 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in Casey's General Stores by 0.3% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 273,332 shares of the company's stock valued at $102,694,000 after buying an additional 702 shares in the last quarter. Finally, International Assets Investment Management LLC bought a new position in Casey's General Stores during the 3rd quarter worth $959,880,000. 85.63% of the stock is owned by institutional investors and hedge funds.

Casey's General Stores Price Performance

Shares of CASY stock traded down $4.16 on Monday, hitting $418.11. 473,938 shares of the company's stock were exchanged, compared to its average volume of 265,554. The company has a 50 day moving average of $400.82 and a 200 day moving average of $379.67. The stock has a market cap of $15.52 billion, a P/E ratio of 30.43 and a beta of 0.80. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.84 and a quick ratio of 0.44. Casey's General Stores, Inc. has a 12 month low of $266.56 and a 12 month high of $435.60.

Casey's General Stores (NASDAQ:CASY - Get Free Report) last posted its earnings results on Monday, December 9th. The company reported $4.85 EPS for the quarter, topping analysts' consensus estimates of $4.29 by $0.56. The firm had revenue of $3.95 billion during the quarter, compared to analysts' expectations of $4.03 billion. Casey's General Stores had a net margin of 3.40% and a return on equity of 17.07%. The business's revenue for the quarter was down 2.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $4.24 earnings per share. On average, equities research analysts predict that Casey's General Stores, Inc. will post 14.22 EPS for the current year.

Casey's General Stores Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, February 17th. Shareholders of record on Monday, February 3rd will be paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.48%. Casey's General Stores's payout ratio is presently 14.56%.

Insiders Place Their Bets

In other Casey's General Stores news, Director Mike Spanos acquired 267 shares of the company's stock in a transaction that occurred on Wednesday, September 18th. The stock was acquired at an average price of $376.18 per share, for a total transaction of $100,440.06. Following the acquisition, the director now directly owns 2,594 shares in the company, valued at $975,810.92. This represents a 11.47 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 0.56% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on CASY shares. Benchmark reissued a "buy" rating and issued a $410.00 target price on shares of Casey's General Stores in a research report on Tuesday, September 10th. StockNews.com raised shares of Casey's General Stores from a "buy" rating to a "strong-buy" rating in a report on Thursday. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Casey's General Stores from $451.00 to $454.00 and gave the company a "buy" rating in a research report on Wednesday, November 6th. Melius Research initiated coverage on Casey's General Stores in a research report on Monday, September 23rd. They set a "buy" rating and a $435.00 price target on the stock. Finally, Wells Fargo & Company raised their price objective on Casey's General Stores from $415.00 to $425.00 and gave the stock an "overweight" rating in a research note on Friday, September 6th. One investment analyst has rated the stock with a sell rating, three have given a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $408.25.

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.