Public Employees Retirement System of Ohio cut its position in shares of Casey's General Stores, Inc. (NASDAQ:CASY - Free Report) by 10.3% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 15,779 shares of the company's stock after selling 1,804 shares during the period. Public Employees Retirement System of Ohio's holdings in Casey's General Stores were worth $5,928,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors and hedge funds have also bought and sold shares of the company. Y Intercept Hong Kong Ltd bought a new position in shares of Casey's General Stores in the 3rd quarter worth $1,245,000. MML Investors Services LLC increased its position in Casey's General Stores by 14.3% during the 3rd quarter. MML Investors Services LLC now owns 4,176 shares of the company's stock valued at $1,569,000 after buying an additional 522 shares in the last quarter. Orion Portfolio Solutions LLC increased its position in Casey's General Stores by 79.5% during the 3rd quarter. Orion Portfolio Solutions LLC now owns 21,215 shares of the company's stock valued at $7,971,000 after buying an additional 9,394 shares in the last quarter. XTX Topco Ltd acquired a new position in Casey's General Stores during the 3rd quarter valued at about $397,000. Finally, Wellington Management Group LLP increased its position in Casey's General Stores by 281.4% during the 3rd quarter. Wellington Management Group LLP now owns 164,656 shares of the company's stock valued at $61,863,000 after buying an additional 121,488 shares in the last quarter. 85.63% of the stock is owned by institutional investors.
Wall Street Analysts Forecast Growth
CASY has been the topic of several recent analyst reports. Evercore ISI upped their target price on Casey's General Stores from $460.00 to $470.00 and gave the company an "outperform" rating in a research report on Friday. JPMorgan Chase & Co. downgraded Casey's General Stores from a "neutral" rating to an "underweight" rating and boosted their price target for the company from $300.00 to $337.00 in a research note on Thursday, September 19th. Melius Research began coverage on Casey's General Stores in a research note on Monday, September 23rd. They set a "buy" rating and a $435.00 price target on the stock. Benchmark reiterated a "buy" rating and set a $410.00 price target on shares of Casey's General Stores in a research note on Tuesday, September 10th. Finally, Gordon Haskett began coverage on Casey's General Stores in a research note on Monday, November 4th. They set a "hold" rating and a $400.00 price target on the stock. One analyst has rated the stock with a sell rating, three have issued a hold rating and eight have given a buy rating to the stock. According to MarketBeat, Casey's General Stores presently has a consensus rating of "Moderate Buy" and a consensus target price of $419.45.
Read Our Latest Stock Analysis on CASY
Insider Buying and Selling
In other Casey's General Stores news, insider Katrina S. Lindsey sold 450 shares of the stock in a transaction that occurred on Thursday, December 12th. The stock was sold at an average price of $427.13, for a total transaction of $192,208.50. Following the completion of the transaction, the insider now owns 2,247 shares of the company's stock, valued at $959,761.11. This represents a 16.69 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Mike Spanos purchased 267 shares of the business's stock in a transaction that occurred on 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 acquisition, the director now owns 2,594 shares of the company's stock, valued at approximately $975,810.92. The trade was a 11.47 % increase in their position. The disclosure for this purchase can be found here. 0.56% of the stock is currently owned by insiders.
Casey's General Stores Stock Performance
Shares of CASY traded down $0.43 during mid-day trading on Friday, reaching $425.27. The company had a trading volume of 187,688 shares, compared to its average volume of 266,349. Casey's General Stores, Inc. has a 52-week low of $266.58 and a 52-week high of $439.68. The company has a quick ratio of 0.44, a current ratio of 0.88 and a debt-to-equity ratio of 0.74. The stock has a market capitalization of $15.79 billion, a P/E ratio of 29.64 and a beta of 0.80. The stock has a 50 day moving average of $405.04 and a two-hundred day moving average of $381.71.
Casey's General Stores (NASDAQ:CASY - Get Free Report) last issued 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. Casey's General Stores had a return on equity of 17.17% and a net margin of 3.57%. The firm had revenue of $3.95 billion for the quarter, compared to the consensus estimate of $4.03 billion. During the same quarter in the prior year, the business earned $4.24 earnings per share. The company's revenue was down 2.9% compared to the same quarter last year. On average, analysts expect that Casey's General Stores, Inc. will post 14.28 earnings per share for the current year.
Casey's General Stores Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Monday, February 17th. Investors of record on Monday, February 3rd will be issued a $0.50 dividend. The ex-dividend date is Monday, February 3rd. This represents a $2.00 dividend on an annualized basis and a yield of 0.47%. Casey's General Stores's payout ratio is 13.94%.
Casey's General Stores Profile
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Free Report)
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.
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