Royal London Asset Management Ltd. lifted its position in Casey’s General Stores Inc (NASDAQ:CASY) by 41.7% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 118,513 shares of the company’s stock after acquiring an additional 34,878 shares during the quarter. Royal London Asset Management Ltd. owned 0.32% of Casey’s General Stores worth $15,265,000 at the end of the most recent reporting period.
Several other institutional investors have also recently added to or reduced their stakes in CASY. Northwest Wealth Management LLC lifted its holdings in Casey’s General Stores by 69.6% during the 1st quarter. Northwest Wealth Management LLC now owns 1,950 shares of the company’s stock valued at $251,000 after buying an additional 800 shares in the last quarter. Dearborn Partners LLC acquired a new position in Casey’s General Stores during the fourth quarter worth $16,156,000. Legal & General Group Plc grew its holdings in shares of Casey’s General Stores by 2.4% during the third quarter. Legal & General Group Plc now owns 57,719 shares of the company’s stock worth $7,452,000 after buying an additional 1,348 shares in the last quarter. Hanseatic Management Services Inc. purchased a new stake in shares of Casey’s General Stores during the fourth quarter worth $896,000. Finally, Victory Capital Management Inc. grew its holdings in shares of Casey’s General Stores by 0.3% during the fourth quarter. Victory Capital Management Inc. now owns 489,000 shares of the company’s stock worth $62,660,000 after buying an additional 1,250 shares in the last quarter. Hedge funds and other institutional investors own 90.17% of the company’s stock.
In related news, VP William J. Walljasper sold 3,000 shares of Casey’s General Stores stock in a transaction on Tuesday, March 26th. The shares were sold at an average price of $126.05, for a total value of $378,150.00. Following the transaction, the vice president now directly owns 24,785 shares in the company, valued at approximately $3,124,149.25. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Julia L. Jackowski sold 12,500 shares of Casey’s General Stores stock in a transaction on Wednesday, March 27th. The shares were sold at an average price of $125.95, for a total transaction of $1,574,375.00. Following the completion of the transaction, the senior vice president now owns 32,944 shares in the company, valued at $4,149,296.80. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 20,500 shares of company stock worth $2,602,775. Insiders own 0.72% of the company’s stock.
NASDAQ:CASY traded up $0.29 during mid-day trading on Friday, hitting $133.28. The stock had a trading volume of 143,558 shares, compared to its average volume of 318,449. The stock has a market cap of $4.87 billion, a price-to-earnings ratio of 34.98, a price-to-earnings-growth ratio of 2.45 and a beta of 0.45. Casey’s General Stores Inc has a twelve month low of $90.42 and a twelve month high of $138.45. The company has a quick ratio of 0.22, a current ratio of 0.76 and a debt-to-equity ratio of 0.93.
Casey’s General Stores (NASDAQ:CASY) last issued its earnings results on Monday, March 11th. The company reported $1.13 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.95 by $0.18. The firm had revenue of $2.05 billion for the quarter, compared to analysts’ expectations of $2.20 billion. Casey’s General Stores had a net margin of 2.14% and a return on equity of 14.89%. On average, equities analysts anticipate that Casey’s General Stores Inc will post 5.16 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, May 15th. Stockholders of record on Wednesday, May 1st were given a dividend of $0.29 per share. The ex-dividend date of this dividend was Tuesday, April 30th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 0.87%. Casey’s General Stores’s dividend payout ratio (DPR) is presently 30.45%.
A number of research firms have recently issued reports on CASY. Zacks Investment Research lowered shares of Casey’s General Stores from a “buy” rating to a “hold” rating in a report on Tuesday, May 14th. BidaskClub lowered shares of Casey’s General Stores from a “buy” rating to a “hold” rating in a report on Wednesday, January 30th. Sidoti set a $138.00 target price on shares of Casey’s General Stores and gave the company a “hold” rating in a research report on Friday, February 15th. Finally, Gabelli reaffirmed a “buy” rating on shares of Casey’s General Stores in a research report on Wednesday, March 13th. Eight research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $137.30.
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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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