Summit Global Investments Decreases Holdings in Casey's General Stores, Inc. (NASDAQ:CASY)

Summit Global Investments reduced its stake in Casey's General Stores, Inc. (NASDAQ:CASY - Free Report) by 79.5% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 702 shares of the company's stock after selling 2,721 shares during the period. Summit Global Investments' holdings in Casey's General Stores were worth $264,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in CASY. Janus Henderson Group PLC boosted its position in shares of Casey's General Stores by 1.4% during the 1st quarter. Janus Henderson Group PLC now owns 768,060 shares of the company's stock worth $244,592,000 after acquiring an additional 10,841 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Casey's General Stores by 3.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 468,650 shares of the company's stock valued at $178,822,000 after purchasing an additional 14,750 shares in the last quarter. Envestnet Asset Management Inc. grew its position in Casey's General Stores by 20.4% in the second quarter. Envestnet Asset Management Inc. now owns 458,044 shares of the company's stock valued at $174,771,000 after acquiring an additional 77,515 shares during the last quarter. International Assets Investment Management LLC bought a new stake in shares of Casey's General Stores during the 3rd quarter valued at approximately $959,880,000. Finally, TD Asset Management Inc grew its stake in shares of Casey's General Stores by 2.5% during the first quarter. TD Asset Management Inc now owns 220,257 shares of the company's stock worth $70,141,000 after buying an additional 5,296 shares during the last quarter. Institutional investors and hedge funds own 85.63% of the company's stock.

Insider Buying and Selling

In other news, Director Mike Spanos acquired 267 shares of the business's stock in a transaction dated Wednesday, September 18th. The stock was bought at an average cost of $376.18 per share, for a total transaction of $100,440.06. Following the completion of the transaction, the director now owns 2,594 shares of the company's stock, valued at $975,810.92. The trade was a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other news, Director Mike Spanos purchased 267 shares of the firm's stock in a transaction dated Wednesday, September 18th. The shares were purchased at an average price of $376.18 per share, with a total value of $100,440.06. Following the completion of the acquisition, the director now owns 2,594 shares in the company, valued at $975,810.92. This trade represents a 0.00 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Thomas P. Brennan, Jr. sold 3,000 shares of Casey's General Stores 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 sale, the insider now directly owns 9,044 shares of the company's stock, valued at $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 Stock Performance

CASY traded down $0.20 during trading on Monday, hitting $412.65. 63,406 shares of the company traded hands, compared to its average volume of 268,946. The firm has a market cap of $15.32 billion, a P/E ratio of 30.05 and a beta of 0.79. The company has a quick ratio of 0.44, a current ratio of 0.84 and a debt-to-equity ratio of 0.44. Casey's General Stores, Inc. has a one year low of $266.56 and a one year high of $420.27. The stock's fifty day moving average is $382.08 and its 200 day moving average is $366.73.

Casey's General Stores (NASDAQ:CASY - Get Free Report) last issued its earnings results on Wednesday, September 4th. The company reported $4.83 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.54 by $0.29. The firm had revenue of $4.10 billion for the quarter, compared to analyst estimates of $4.15 billion. Casey's General Stores had a return on equity of 17.07% and a net margin of 3.40%. The business's revenue was up 5.9% on a year-over-year basis. During the same period in the previous year, the company posted $4.52 earnings per share. As a group, equities analysts predict that Casey's General Stores, Inc. will post 14.24 EPS for the current fiscal year.

Casey's General Stores Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Friday, November 1st will be paid a dividend of $0.50 per share. The ex-dividend date of this dividend is Friday, November 1st. 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 14.56%.

Wall Street Analysts Forecast Growth

CASY has been the subject of several analyst reports. Benchmark reaffirmed 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. JPMorgan Chase & Co. lowered Casey's General Stores from a "neutral" rating to an "underweight" rating and raised their target price for the stock from $300.00 to $337.00 in a research report on Thursday, September 19th. Wells Fargo & Company upped their price target on Casey's General Stores from $415.00 to $425.00 and gave the company an "overweight" rating in a research report on Friday, September 6th. StockNews.com downgraded Casey's General Stores from a "strong-buy" rating to a "buy" rating in a research report on Saturday, August 3rd. Finally, Gordon Haskett initiated coverage on Casey's General Stores in a report on Monday, November 4th. They issued a "hold" rating and a $400.00 target price on the stock. One research analyst has rated the stock with a sell rating, three have issued a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price 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.