State of Alaska Department of Revenue Trims Holdings in Casey’s General Stores Inc (NASDAQ:CASY)

State of Alaska Department of Revenue lessened its holdings in shares of Casey’s General Stores Inc (NASDAQ:CASY) by 32.3% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 8,249 shares of the company’s stock after selling 3,944 shares during the period. State of Alaska Department of Revenue’s holdings in Casey’s General Stores were worth $1,328,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the business. Vanguard Group Inc. grew its position in shares of Casey’s General Stores by 2.1% during the second quarter. Vanguard Group Inc. now owns 3,732,899 shares of the company’s stock worth $582,295,000 after acquiring an additional 76,321 shares during the last quarter. BlackRock Inc. raised its position in Casey’s General Stores by 2.0% in the second quarter. BlackRock Inc. now owns 3,289,827 shares of the company’s stock valued at $513,180,000 after purchasing an additional 65,801 shares during the last quarter. Clearbridge Investments LLC raised its position in Casey’s General Stores by 2.0% in the first quarter. Clearbridge Investments LLC now owns 1,425,212 shares of the company’s stock valued at $183,525,000 after purchasing an additional 28,550 shares during the last quarter. Carillon Tower Advisers Inc. raised its position in Casey’s General Stores by 29.1% in the second quarter. Carillon Tower Advisers Inc. now owns 830,521 shares of the company’s stock valued at $129,553,000 after purchasing an additional 187,330 shares during the last quarter. Finally, Victory Capital Management Inc. increased its stake in shares of Casey’s General Stores by 10.1% in the second quarter. Victory Capital Management Inc. now owns 447,014 shares of the company’s stock valued at $69,730,000 after buying an additional 40,998 shares during the period. Hedge funds and other institutional investors own 87.52% of the company’s stock.

In other Casey’s General Stores news, Director Allison M. Wing sold 554 shares of the stock in a transaction on Monday, September 23rd. The stock was sold at an average price of $165.91, for a total value of $91,914.14. Following the completion of the sale, the director now owns 998 shares in the company, valued at approximately $165,578.18. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.41% of the company’s stock.

Shares of NASDAQ:CASY opened at $161.45 on Friday. Casey’s General Stores Inc has a 1 year low of $116.23 and a 1 year high of $173.31. The stock’s 50-day moving average is $166.10 and its 200 day moving average is $150.51. The company has a debt-to-equity ratio of 0.88, a current ratio of 0.76 and a quick ratio of 0.29. The company has a market cap of $5.91 billion, a PE ratio of 27.15, a P/E/G ratio of 2.83 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 for the quarter, topping analysts’ consensus estimates of $2.03 by $0.28. Casey’s General Stores had a return on equity of 15.55% and a net margin of 2.34%. The firm had revenue of $2.63 billion for the quarter, compared to the consensus estimate of $2.59 billion. During the same quarter in the prior year, the business earned $1.90 EPS. The business’s revenue for the quarter was up 1.5% on a year-over-year basis. Analysts expect that Casey’s General Stores Inc will post 6.31 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Friday, November 1st will be issued a $0.32 dividend. The ex-dividend date is Thursday, October 31st. This represents a $1.28 dividend on an annualized basis and a yield of 0.79%. Casey’s General Stores’s dividend payout ratio is currently 23.23%.

Several research firms recently commented on CASY. JPMorgan Chase & Co. raised their target price on Casey’s General Stores from $152.00 to $169.00 and gave the stock a “neutral” rating in a research note on Thursday, September 12th. Royal Bank of Canada downgraded Casey’s General Stores from a “sector perform” rating to an “underperform” rating and raised their target price for the stock from $144.00 to $158.00 in a research report on Thursday, August 29th. BidaskClub downgraded Casey’s General Stores from a “buy” rating to a “hold” rating in a research report on Friday, September 27th. Gabelli downgraded Casey’s General Stores from a “buy” rating to a “hold” rating in a research report on Wednesday, August 7th. Finally, Sidoti raised their target price on Casey’s General Stores from $166.00 to $174.00 and gave the stock a “neutral” rating in a research report on Thursday, September 19th. One research analyst has rated the stock with a sell rating, ten have given a hold rating and three have given a buy rating to the company’s stock. Casey’s General Stores currently has an average rating of “Hold” and an average target price of $172.80.

Casey’s General Stores Company Profile

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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