Vontobel Asset Management Inc. raised its stake in shares of Casey’s General Stores Inc. (NASDAQ:CASY) by 281.7% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,239,978 shares of the company’s stock after buying an additional 915,147 shares during the period. Vontobel Asset Management Inc. owned about 3.16% of Casey’s General Stores worth $153,090,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Speece Thorson Capital Group Inc. raised its stake in shares of Casey’s General Stores by 1.3% in the second quarter. Speece Thorson Capital Group Inc. now owns 128,038 shares of the company’s stock valued at $16,838,000 after buying an additional 1,691 shares during the period. Retirement Systems of Alabama raised its stake in shares of Casey’s General Stores by 126.9% in the second quarter. Retirement Systems of Alabama now owns 114,273 shares of the company’s stock valued at $15,028,000 after buying an additional 63,919 shares during the period. Calamos Advisors LLC acquired a new stake in shares of Casey’s General Stores during the second quarter valued at about $30,285,000. Aberdeen Asset Management PLC UK raised its stake in shares of Casey’s General Stores by 25.1% in the second quarter. Aberdeen Asset Management PLC UK now owns 515,110 shares of the company’s stock valued at $67,742,000 after buying an additional 103,231 shares during the period. Finally, Nordea Investment Management AB raised its stake in shares of Casey’s General Stores by 302.1% in the second quarter. Nordea Investment Management AB now owns 5,090 shares of the company’s stock valued at $669,000 after buying an additional 3,824 shares during the period. Institutional investors own 87.19% of the company’s stock.

Institutional Ownership by Quarter for Casey`s General Stores (NASDAQ:CASY)

Casey’s General Stores Inc. (NASDAQ:CASY) traded down 1.20% during midday trading on Monday, reaching $121.34. 639,253 shares of the company were exchanged. Casey’s General Stores Inc. has a 52 week low of $98.80 and a 52 week high of $136.22. The firm’s 50 day moving average price is $116.39 and its 200-day moving average price is $122.75. The stock has a market capitalization of $4.75 billion, a P/E ratio of 20.70 and a beta of 0.41.

Casey’s General Stores (NASDAQ:CASY) last posted its earnings results on Tuesday, September 6th. The company reported $1.70 earnings per share for the quarter, missing the consensus estimate of $1.81 by $0.11. The firm had revenue of $1.97 billion for the quarter. Casey’s General Stores had a net margin of 3.29% and a return on equity of 21.62%. Casey’s General Stores’s quarterly revenue was down 3.8% on a year-over-year basis. During the same period last year, the business posted $1.57 earnings per share. Equities analysts forecast that Casey’s General Stores Inc. will post $5.58 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Tuesday, November 15th. Investors of record on Tuesday, November 1st were paid a $0.24 dividend. The ex-dividend date of this dividend was Friday, October 28th. This represents a $0.96 dividend on an annualized basis and a yield of 0.79%. Casey’s General Stores’s dividend payout ratio is currently 16.38%.

CASY has been the subject of several recent research reports. Zacks Investment Research lowered shares of Casey’s General Stores from a “hold” rating to a “sell” rating in a research report on Wednesday, October 19th. RBC Capital Markets restated an “outperform” rating and set a $145.00 target price (up from $139.00) on shares of Casey’s General Stores in a research report on Saturday, September 3rd. Barclays PLC assumed coverage on shares of Casey’s General Stores in a research report on Thursday, September 22nd. They issued an “equal weight” rating and a $116.00 price target for the company. Wells Fargo & Co. reiterated a “hold” rating on shares of Casey’s General Stores in a research report on Thursday, September 8th. Finally, Deutsche Bank AG upped their price target on shares of Casey’s General Stores from $130.00 to $141.00 and gave the stock a “buy” rating in a research report on Friday, August 19th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, six have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $135.30.

In related news, Director Richard A. Wilkey purchased 340 shares of the company’s stock in a transaction that occurred on Wednesday, September 21st. The shares were purchased at an average price of $117.80 per share, with a total value of $40,052.00. Following the purchase, the director now owns 15,000 shares of the company’s stock, valued at $1,767,000. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 1.30% of the stock is currently owned by corporate insiders.

Casey’s General Stores Company Profile

Casey’s General Stores, Inc and its subsidiaries, operate convenience stores under the name Casey’s General Store in approximately 10 Midwestern states, in Iowa, Missouri, and Illinois. The Company also operates approximately two stores selling primarily tobacco products. The stores carry a range of food, including freshly prepared foods such as pizza, donuts, and sandwiches, beverages, tobacco products, health and beauty aids, automotive products and other nonfood items.

5 Day Chart for NASDAQ:CASY

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