Pensioenfonds Rail & OV Sells 55,843 Shares of Casey’s General Stores, Inc. (NASDAQ:CASY)

Pensioenfonds Rail & OV cut its holdings in Casey’s General Stores, Inc. (NASDAQ:CASY) by 31.1% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 123,870 shares of the company’s stock after selling 55,843 shares during the period. Casey’s General Stores comprises approximately 2.9% of Pensioenfonds Rail & OV’s investment portfolio, making the stock its 13th biggest holding. Pensioenfonds Rail & OV owned approximately 0.33% of Casey’s General Stores worth $39,446,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in CASY. Rise Advisors LLC bought a new stake in Casey’s General Stores in the first quarter valued at approximately $30,000. BKM Wealth Management LLC acquired a new position in shares of Casey’s General Stores in the fourth quarter valued at $29,000. V Square Quantitative Management LLC bought a new position in Casey’s General Stores in the 4th quarter valued at about $35,000. McGlone Suttner Wealth Management Inc. acquired a new stake in Casey’s General Stores during the fourth quarter worth approximately $36,000. Finally, ICA Group Wealth Management LLC acquired a new position in shares of Casey’s General Stores in the fourth quarter valued at approximately $41,000. Institutional investors own 85.63% of the company’s stock.

Analyst Ratings Changes

CASY has been the subject of several recent research reports. Northcoast Research downgraded Casey’s General Stores from a “buy” rating to a “neutral” rating in a research note on Wednesday, May 15th. BMO Capital Markets upped their price objective on shares of Casey’s General Stores from $305.00 to $400.00 and gave the stock a “market perform” rating in a research report on Thursday, June 13th. Evercore ISI dropped their target price on shares of Casey’s General Stores from $350.00 to $345.00 and set an “outperform” rating for the company in a research report on Tuesday, April 16th. Benchmark boosted their price objective on shares of Casey’s General Stores from $350.00 to $410.00 and gave the company a “buy” rating in a research report on Thursday, June 13th. Finally, Royal Bank of Canada raised their target price on Casey’s General Stores from $322.00 to $361.00 and gave the company a “sector perform” rating in a report on Wednesday, June 12th. Three analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $380.11.

Casey’s General Stores Stock Up 0.3 %

Shares of NASDAQ CASY traded up $1.01 during trading on Wednesday, hitting $381.98. 256,541 shares of the company traded hands, compared to its average volume of 297,622. The firm has a market capitalization of $14.18 billion, a price-to-earnings ratio of 28.38, a P/E/G ratio of 2.76 and a beta of 0.83. The business’s fifty day moving average is $336.90 and its 200 day moving average is $307.65. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.42 and a current ratio of 0.87. Casey’s General Stores, Inc. has a fifty-two week low of $222.21 and a fifty-two week high of $389.43.

Casey’s General Stores (NASDAQ:CASY) last announced its quarterly earnings results on Tuesday, June 11th. The company reported $2.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.70 by $0.64. The business had revenue of $3.60 billion for the quarter, compared to analyst estimates of $3.47 billion. Casey’s General Stores had a return on equity of 17.25% and a net margin of 3.38%. The company’s quarterly revenue was up 8.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.49 earnings per share. Equities research analysts predict that Casey’s General Stores, Inc. will post 14.18 earnings per share for the current fiscal year.

Casey’s General Stores Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, August 15th. Stockholders of record on Thursday, August 1st will be given a dividend of $0.50 per share. The ex-dividend date is Thursday, August 1st. This is an increase from Casey’s General Stores’s previous quarterly dividend of $0.43. This represents a $2.00 annualized dividend and a dividend yield of 0.52%. Casey’s General Stores’s payout ratio is presently 12.81%.

Casey’s General Stores 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.