Strs Ohio Sells 10,899 Shares of Casey’s General Stores, Inc. $CASY

Strs Ohio cut its position in Casey’s General Stores, Inc. (NASDAQ:CASY) by 20.3% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 42,685 shares of the company’s stock after selling 10,899 shares during the period. Strs Ohio’s holdings in Casey’s General Stores were worth $24,131,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently added to or reduced their stakes in the company. Vontobel Holding Ltd. boosted its position in shares of Casey’s General Stores by 129.1% in the third quarter. Vontobel Holding Ltd. now owns 890,884 shares of the company’s stock valued at $503,635,000 after acquiring an additional 502,104 shares during the period. Franklin Resources Inc. raised its stake in Casey’s General Stores by 0.3% in the 2nd quarter. Franklin Resources Inc. now owns 708,893 shares of the company’s stock worth $361,727,000 after purchasing an additional 2,467 shares in the last quarter. Invesco Ltd. boosted its holdings in Casey’s General Stores by 71.7% in the 2nd quarter. Invesco Ltd. now owns 483,907 shares of the company’s stock valued at $246,923,000 after purchasing an additional 202,033 shares during the period. Envestnet Asset Management Inc. grew its position in shares of Casey’s General Stores by 9.1% during the 2nd quarter. Envestnet Asset Management Inc. now owns 448,919 shares of the company’s stock worth $229,070,000 after purchasing an additional 37,625 shares in the last quarter. Finally, Norges Bank bought a new position in shares of Casey’s General Stores during the second quarter worth approximately $210,151,000. Institutional investors own 85.63% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on CASY. KeyCorp increased their price target on Casey’s General Stores from $600.00 to $650.00 and gave the stock an “overweight” rating in a research report on Thursday, January 15th. Royal Bank Of Canada restated a “sector perform” rating and issued a $662.00 price target on shares of Casey’s General Stores in a research report on Friday. Bank of America assumed coverage on shares of Casey’s General Stores in a report on Friday, January 9th. They issued a “buy” rating on the stock. Exane BNP Paribas started coverage on shares of Casey’s General Stores in a research report on Tuesday. They set an “outperform” rating on the stock. Finally, BNP Paribas Exane assumed coverage on Casey’s General Stores in a research report on Tuesday. They set an “outperform” rating and a $730.00 price objective for the company. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $621.36.

Casey’s General Stores Trading Up 0.7%

NASDAQ CASY opened at $623.33 on Friday. The company has a market cap of $23.10 billion, a price-to-earnings ratio of 38.34, a price-to-earnings-growth ratio of 2.20 and a beta of 0.67. Casey’s General Stores, Inc. has a twelve month low of $372.08 and a twelve month high of $647.99. The company has a quick ratio of 0.65, a current ratio of 1.05 and a debt-to-equity ratio of 0.62. The business’s fifty day moving average is $573.31 and its 200 day moving average is $545.45.

Casey’s General Stores (NASDAQ:CASY) last announced its quarterly earnings results on Tuesday, December 9th. The company reported $5.53 EPS for the quarter, beating analysts’ consensus estimates of $4.92 by $0.61. Casey’s General Stores had a return on equity of 16.89% and a net margin of 3.58%.The firm had revenue of $4.51 billion for the quarter, compared to analyst estimates of $4.51 billion. During the same period last year, the firm posted $4.85 earnings per share. The business’s revenue for the quarter was up 14.2% on a year-over-year basis. As a group, sell-side analysts expect that Casey’s General Stores, Inc. will post 13.94 EPS for the current fiscal year.

Casey’s General Stores Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 13th. Stockholders of record on Sunday, February 1st will be issued a dividend of $0.57 per share. This represents a $2.28 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date is Friday, January 30th. Casey’s General Stores’s payout ratio is 14.02%.

Insider Buying and Selling at Casey’s General Stores

In related news, Director Moats Maria Castanon bought 300 shares of the stock in a transaction that occurred on Monday, January 5th. The stock was acquired at an average cost of $554.66 per share, with a total value of $166,398.00. Following the transaction, the director directly owned 803 shares in the company, valued at approximately $445,391.98. This trade represents a 59.64% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.54% of the stock is currently owned by corporate insiders.

About Casey’s General Stores

Casey’s General Stores, Inc (NASDAQ: CASY) is a U.S.-based convenience store chain that operates retail fuel stations and food-focused convenience outlets. Founded in 1959 in Boone, Iowa, the company has grown from a single neighborhood store into a regional operator known for combining traditional convenience retailing—fuel, packaged goods and tobacco—with a larger emphasis on fresh and prepared foods.

The company’s stores typically offer gasoline and diesel alongside a range of grocery essentials, grab-and-go items and made-to-order foodservice.