Public Employees Retirement System of Ohio Sells 1,804 Shares of Casey’s General Stores, Inc. (NASDAQ:CASY)

Public Employees Retirement System of Ohio decreased its position in shares of Casey’s General Stores, Inc. (NASDAQ:CASY) by 10.3% in the 3rd quarter, Holdings Channel reports. The fund owned 15,779 shares of the company’s stock after selling 1,804 shares during the quarter. 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 SEC.

Several other large investors also recently added to or reduced their stakes in the company. Soros Capital Management LLC boosted its position in Casey’s General Stores by 1,825.6% during the third quarter. Soros Capital Management LLC now owns 27,632 shares of the company’s stock worth $10,382,000 after purchasing an additional 26,197 shares during the period. PNC Financial Services Group Inc. boosted its holdings in Casey’s General Stores by 9.9% in the 3rd quarter. PNC Financial Services Group Inc. now owns 14,725 shares of the company’s stock worth $5,532,000 after buying an additional 1,332 shares during the period. FMR LLC grew its stake in Casey’s General Stores by 3.8% in the 3rd quarter. FMR LLC now owns 1,046,830 shares of the company’s stock valued at $393,305,000 after buying an additional 38,226 shares in the last quarter. OneDigital Investment Advisors LLC raised its holdings in Casey’s General Stores by 111.7% during the 3rd quarter. OneDigital Investment Advisors LLC now owns 4,004 shares of the company’s stock valued at $1,504,000 after acquiring an additional 2,113 shares during the period. Finally, Segall Bryant & Hamill LLC lifted its position in shares of Casey’s General Stores by 5.8% during the third quarter. Segall Bryant & Hamill LLC now owns 48,872 shares of the company’s stock worth $18,362,000 after acquiring an additional 2,679 shares in the last quarter. Hedge funds and other institutional investors own 85.63% of the company’s stock.

Insider Buying and Selling at Casey’s General Stores

In related news, Director Mike Spanos acquired 267 shares of the stock in a transaction on Wednesday, September 18th. The stock was purchased at an average price 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. This trade represents a 11.47 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Katrina S. Lindsey sold 450 shares of the firm’s 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 in the company, valued at $959,761.11. This represents a 16.69 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.56% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on CASY shares. Royal Bank of Canada lifted their price target on Casey’s General Stores from $403.00 to $428.00 and gave the company a “sector perform” rating in a research report on Tuesday. Evercore ISI upped their price target on Casey’s General Stores from $460.00 to $470.00 and gave the company an “outperform” rating in a research report on Friday. Wells Fargo & Company raised their price objective on shares of 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. Melius Research began coverage on shares of Casey’s General Stores in a report on Monday, September 23rd. They set a “buy” rating and a $435.00 target price on the stock. Finally, Gordon Haskett initiated coverage on shares of Casey’s General Stores in a report on Monday, November 4th. They issued a “hold” rating and a $400.00 price target for the company. One investment analyst has rated the stock with a sell rating, three have given a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $419.45.

Casey’s General Stores Trading Down 0.1 %

Shares of CASY stock opened at $425.27 on Friday. The business has a 50-day moving average price of $405.04 and a two-hundred day moving average price of $381.40. Casey’s General Stores, Inc. has a 12-month low of $266.58 and a 12-month 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 firm has a market cap of $15.79 billion, a P/E ratio of 29.64 and a beta of 0.80.

Casey’s General Stores (NASDAQ:CASY) last issued its quarterly earnings results on Monday, December 9th. The company reported $4.85 EPS for the quarter, beating analysts’ consensus estimates of $4.29 by $0.56. The business had revenue of $3.95 billion for the quarter, compared to analysts’ expectations of $4.03 billion. Casey’s General Stores had a net margin of 3.57% and a return on equity of 17.17%. The business’s quarterly revenue was down 2.9% on a year-over-year basis. During the same period last year, the business earned $4.24 earnings per share. Equities analysts anticipate that Casey’s General Stores, Inc. will post 14.28 EPS for the current fiscal year.

Casey’s General Stores Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, February 17th. Shareholders of record on Monday, February 3rd will be paid a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 0.47%. The ex-dividend date of this dividend is Monday, February 3rd. Casey’s General Stores’s dividend payout ratio is presently 13.94%.

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.