Caseys General Stores, Inc. (CASY) Holdings Lifted by New York State Common Retirement Fund
New York State Common Retirement Fund raised its position in Caseys General Stores, Inc. (NASDAQ:CASY) by 4.6% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 147,865 shares of the company’s stock after buying an additional 6,444 shares during the period. New York State Common Retirement Fund owned about 0.38% of Caseys General Stores worth $15,838,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its position in shares of Caseys General Stores by 5.7% in the first quarter. Vanguard Group Inc. now owns 3,440,957 shares of the company’s stock worth $386,247,000 after acquiring an additional 186,873 shares during the period. BlackRock Inc. boosted its stake in shares of Caseys General Stores by 14,288.2% during the 1st quarter. BlackRock Inc. now owns 3,093,329 shares of the company’s stock worth $347,227,000 after acquiring an additional 3,071,830 shares in the last quarter. Iridian Asset Management LLC CT boosted its stake in shares of Caseys General Stores by 9.2% during the 2nd quarter. Iridian Asset Management LLC CT now owns 1,553,345 shares of the company’s stock worth $166,379,000 after acquiring an additional 131,245 shares in the last quarter. Clearbridge Investments LLC boosted its stake in shares of Caseys General Stores by 23.6% during the 1st quarter. Clearbridge Investments LLC now owns 1,373,665 shares of the company’s stock worth $154,194,000 after acquiring an additional 262,360 shares in the last quarter. Finally, Thompson Siegel & Walmsley LLC grew its position in shares of Caseys General Stores by 15.9% during the 2nd quarter. Thompson Siegel & Walmsley LLC now owns 1,268,134 shares of the company’s stock valued at $135,830,000 after acquiring an additional 173,544 shares during the period. 99.83% of the stock is owned by institutional investors.
Shares of Caseys General Stores, Inc. (NASDAQ CASY) opened at 108.24 on Tuesday. The stock has a market capitalization of $4.10 billion, a price-to-earnings ratio of 25.58 and a beta of 0.51. Caseys General Stores, Inc. has a 1-year low of $99.76 and a 1-year high of $126.49. The firm’s 50-day moving average price is $106.54 and its 200 day moving average price is $109.16.
Caseys General Stores (NASDAQ:CASY) last issued its earnings results on Tuesday, September 5th. The company reported $1.46 EPS for the quarter, hitting the consensus estimate of $1.46. Caseys General Stores had a net margin of 2.19% and a return on equity of 13.99%. The company had revenue of $2.09 billion for the quarter, compared to analyst estimates of $2.16 billion. During the same period in the previous year, the firm earned $1.70 EPS. The business’s revenue was up 6.3% on a year-over-year basis. Equities research analysts expect that Caseys General Stores, Inc. will post $4.40 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 15th. Stockholders of record on Wednesday, November 1st will be issued a $0.26 dividend. The ex-dividend date of this dividend is Tuesday, October 31st. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.96%. Caseys General Stores’s dividend payout ratio is presently 24.53%.
CASY has been the subject of several recent analyst reports. Jefferies Group LLC set a $139.00 price target on Caseys General Stores and gave the company a “buy” rating in a research note on Saturday, July 22nd. Zacks Investment Research upgraded Caseys General Stores from a “sell” rating to a “hold” rating in a research report on Thursday, September 7th. Royal Bank Of Canada set a $116.00 price target on Caseys General Stores and gave the stock a “hold” rating in a research report on Monday, August 28th. Sidoti lowered Caseys General Stores from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $130.00 to $118.00 in a report on Tuesday, June 6th. Finally, William Blair initiated coverage on Caseys General Stores in a report on Wednesday, July 12th. They issued an “outperform” rating on the stock. One analyst has rated the stock with a sell rating, seven have issued a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $115.29.
In related news, SVP Brian Joseph Johnson sold 1,000 shares of the firm’s stock in a transaction dated Friday, September 22nd. The shares were sold at an average price of $108.01, for a total value of $108,010.00. Following the completion of the sale, the senior vice president now owns 8,229 shares in the company, valued at $888,814.29. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 1.30% of the company’s stock.
About Caseys General Stores
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.
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