Treasurer of the State of North Carolina cut its position in shares of Casey’s General Stores Inc (NASDAQ:CASY) by 4.3% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 17,166 shares of the company’s stock after selling 765 shares during the quarter. Treasurer of the State of North Carolina’s holdings in Casey’s General Stores were worth $2,678,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in CASY. UBS Asset Management Americas Inc. lifted its stake in Casey’s General Stores by 7.7% during the second quarter. UBS Asset Management Americas Inc. now owns 62,023 shares of the company’s stock worth $9,675,000 after purchasing an additional 4,438 shares during the period. Dearborn Partners LLC lifted its stake in Casey’s General Stores by 4.5% during the second quarter. Dearborn Partners LLC now owns 170,761 shares of the company’s stock worth $26,637,000 after purchasing an additional 7,409 shares during the period. NN Investment Partners Holdings N.V. bought a new position in Casey’s General Stores during the second quarter worth about $325,000. Carillon Tower Advisers Inc. lifted its stake in Casey’s General Stores by 29.1% during the second quarter. Carillon Tower Advisers Inc. now owns 830,521 shares of the company’s stock worth $129,553,000 after purchasing an additional 187,330 shares during the period. Finally, KBC Group NV lifted its stake in Casey’s General Stores by 5.9% during the second quarter. KBC Group NV now owns 28,053 shares of the company’s stock worth $4,376,000 after purchasing an additional 1,569 shares during the period. 87.52% of the stock is currently owned by institutional investors and hedge funds.

NASDAQ:CASY opened at $164.23 on Wednesday. Casey’s General Stores Inc has a 1 year low of $116.23 and a 1 year high of $173.31. The firm has a 50 day moving average of $166.79 and a 200-day moving average of $149.96. The company has a current ratio of 0.76, a quick ratio of 0.29 and a debt-to-equity ratio of 0.88. The stock has a market capitalization of $6.01 billion, a P/E ratio of 29.81, a price-to-earnings-growth ratio of 2.87 and a beta of 0.54.

Casey’s General Stores (NASDAQ:CASY) last posted its earnings results on Monday, September 9th. The company reported $2.31 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.03 by $0.28. Casey’s General Stores had a net margin of 2.34% and a return on equity of 15.55%. The company had revenue of $2.63 billion during the quarter, compared to analysts’ expectations of $2.59 billion. During the same quarter in the previous year, the company posted $1.90 earnings per share. Casey’s General Stores’s quarterly revenue was up 1.5% compared to the same quarter last year. As a group, analysts forecast that Casey’s General Stores Inc will post 6.24 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Friday, November 1st will be paid a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a dividend yield of 0.78%. The ex-dividend date of this dividend is Thursday, October 31st. Casey’s General Stores’s dividend payout ratio (DPR) is currently 23.23%.

A number of brokerages have commented on CASY. Gabelli cut shares of Casey’s General Stores from a “buy” rating to a “hold” rating in a research note on Wednesday, August 7th. Wells Fargo & Co raised their price target on shares of Casey’s General Stores from $145.00 to $165.00 and gave the stock a “market perform” rating in a research note on Wednesday, September 11th. Jefferies Financial Group set a $192.00 price target on shares of Casey’s General Stores and gave the stock a “buy” rating in a research note on Tuesday, September 10th. ValuEngine cut shares of Casey’s General Stores from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. Finally, G.Research cut shares of Casey’s General Stores from a “buy” rating to a “hold” rating in a research note on Wednesday, August 7th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and three have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $172.80.

In other news, Director Allison M. Wing sold 554 shares of Casey’s General Stores stock in a transaction that occurred on Monday, September 23rd. The shares were sold at an average price of $165.91, for a total value of $91,914.14. Following the completion of the transaction, the director now owns 998 shares in the company, valued at $165,578.18. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.41% of the company’s stock.

About Casey’s General Stores

Casey's General Stores, Inc, together with its subsidiaries, operates convenience stores under the Casey's and Casey's General Store names. The company's stores offer a selection of food, including freshly prepared foods, such as pizza, donuts, and sandwiches; beverage and tobacco products; health and beauty aids; automotive products; school supplies, housewares, and pet supplies; and other nonfood items.

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

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