Janus Henderson Group PLC Takes $162.42 Million Position in Caseys General Stores, Inc. (CASY)
Janus Henderson Group PLC purchased a new stake in Caseys General Stores, Inc. (NASDAQ:CASY) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 1,516,399 shares of the company’s stock, valued at approximately $162,421,000. Janus Henderson Group PLC owned 3.93% of Caseys General Stores as of its most recent SEC filing.
A number of other institutional investors also recently added to or reduced their stakes in CASY. Parametric Portfolio Associates LLC raised its holdings in Caseys General Stores by 6.9% in the 1st quarter. Parametric Portfolio Associates LLC now owns 63,034 shares of the company’s stock valued at $7,076,000 after acquiring an additional 4,042 shares during the period. Prudential Financial Inc. raised its holdings in Caseys General Stores by 6.1% in the 1st quarter. Prudential Financial Inc. now owns 24,469 shares of the company’s stock valued at $2,747,000 after acquiring an additional 1,410 shares during the period. Neuberger Berman Group LLC bought a new position in Caseys General Stores in the 1st quarter valued at about $275,000. OppenheimerFunds Inc. raised its holdings in Caseys General Stores by 50.8% in the 1st quarter. OppenheimerFunds Inc. now owns 15,818 shares of the company’s stock valued at $1,776,000 after acquiring an additional 5,327 shares during the period. Finally, Principal Financial Group Inc. raised its holdings in Caseys General Stores by 2.5% in the 1st quarter. Principal Financial Group Inc. now owns 160,570 shares of the company’s stock valued at $18,024,000 after acquiring an additional 3,855 shares during the period. 99.83% of the stock is currently owned by hedge funds and other institutional investors.
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In other Caseys General Stores 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 transaction of $108,010.00. Following the completion of the sale, the senior vice president now directly owns 8,229 shares in the company, valued at approximately $888,814.29. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 1.30% of the stock is currently owned by company insiders.
Several research analysts have recently commented on the stock. Jefferies Group LLC set a $139.00 target price on shares of Caseys General Stores and gave the stock a “buy” rating in a report on Friday, August 25th. Royal Bank Of Canada set a $116.00 target price on shares of Caseys General Stores and gave the stock a “hold” rating in a report on Monday, August 28th. Zacks Investment Research raised shares of Caseys General Stores from a “sell” rating to a “hold” rating in a report on Monday, August 14th. BidaskClub raised shares of Caseys General Stores from a “sell” rating to a “hold” rating in a report on Saturday, August 5th. Finally, William Blair assumed coverage on shares of Caseys General Stores in a research note on Wednesday, July 12th. They issued an “outperform” rating on the stock. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $115.29.
Caseys General Stores, Inc. (CASY) traded up 0.32% during midday trading on Friday, reaching $111.06. 400,178 shares of the company’s stock traded hands. Caseys General Stores, Inc. has a 52-week low of $99.76 and a 52-week high of $126.49. The stock has a market cap of $4.21 billion, a P/E ratio of 26.24 and a beta of 0.51. The company’s 50-day moving average price is $107.17 and its 200-day moving average price is $109.16.
Caseys General Stores (NASDAQ:CASY) last issued its quarterly earnings results on Tuesday, September 5th. The company reported $1.46 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.46. The company had revenue of $2.09 billion during the quarter, compared to analyst estimates of $2.16 billion. Caseys General Stores had a net margin of 2.19% and a return on equity of 13.99%. Caseys General Stores’s quarterly revenue was up 6.3% compared to the same quarter last year. During the same period last year, the business earned $1.70 EPS. On average, equities analysts predict that Caseys General Stores, Inc. will post $4.40 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 15th. Shareholders of record on Wednesday, November 1st will be paid a dividend of $0.26 per share. The ex-dividend date of this dividend is Tuesday, October 31st. This represents a $1.04 dividend on an annualized basis and a yield of 0.94%. Caseys General Stores’s dividend payout ratio is currently 24.53%.
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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