California Public Employees Retirement System Has $14.16 Million Position in Casey’s General Stores, Inc. (NASDAQ:CASY)

California Public Employees Retirement System lowered its position in shares of Casey’s General Stores, Inc. (NASDAQ:CASYGet Rating) by 5.8% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 76,523 shares of the company’s stock after selling 4,734 shares during the quarter. California Public Employees Retirement System owned 0.21% of Casey’s General Stores worth $14,155,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Principal Financial Group Inc. boosted its holdings in shares of Casey’s General Stores by 15.8% in the second quarter. Principal Financial Group Inc. now owns 146,120 shares of the company’s stock valued at $27,030,000 after buying an additional 19,949 shares during the period. WINTON GROUP Ltd boosted its holdings in shares of Casey’s General Stores by 45.7% in the second quarter. WINTON GROUP Ltd now owns 6,807 shares of the company’s stock valued at $1,259,000 after buying an additional 2,135 shares during the period. Lazard Asset Management LLC boosted its holdings in shares of Casey’s General Stores by 42.7% in the second quarter. Lazard Asset Management LLC now owns 498 shares of the company’s stock valued at $92,000 after buying an additional 149 shares during the period. Shell Asset Management Co. boosted its holdings in shares of Casey’s General Stores by 16.6% in the second quarter. Shell Asset Management Co. now owns 3,228 shares of the company’s stock valued at $597,000 after buying an additional 459 shares during the period. Finally, Duality Advisers LP acquired a new position in Casey’s General Stores during the second quarter worth $2,724,000. Institutional investors and hedge funds own 76.68% of the company’s stock.

Analysts Set New Price Targets

Several research firms have issued reports on CASY. Royal Bank of Canada upped their price target on shares of Casey’s General Stores from $250.00 to $256.00 and gave the stock a “sector perform” rating in a research report on Tuesday, November 15th. Stephens increased their price objective on shares of Casey’s General Stores from $250.00 to $265.00 and gave the company an “overweight” rating in a research report on Monday, November 7th. StockNews.com assumed coverage on shares of Casey’s General Stores in a research report on Wednesday, October 12th. They issued a “strong-buy” rating on the stock. BMO Capital Markets increased their price objective on shares of Casey’s General Stores from $235.00 to $250.00 and gave the company an “outperform” rating in a research report on Friday, September 9th. Finally, Wolfe Research assumed coverage on shares of Casey’s General Stores in a research report on Wednesday, August 17th. They issued an “outperform” rating and a $228.00 price objective on the stock. One research analyst has rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of $247.63.

Casey’s General Stores Trading Up 1.1 %

CASY opened at $239.72 on Friday. The company’s 50 day moving average is $216.91 and its 200-day moving average is $207.55. Casey’s General Stores, Inc. has a 1-year low of $170.82 and a 1-year high of $241.28. The company has a current ratio of 0.96, a quick ratio of 0.54 and a debt-to-equity ratio of 0.69. The company has a market cap of $8.93 billion, a P/E ratio of 24.00 and a beta of 0.81.

Casey’s General Stores (NASDAQ:CASYGet Rating) last posted its quarterly earnings results on Wednesday, September 7th. The company reported $4.09 earnings per share for the quarter, missing analysts’ consensus estimates of $4.32 by ($0.23). The company had revenue of $4.45 billion during the quarter, compared to analyst estimates of $4.47 billion. Casey’s General Stores had a net margin of 2.63% and a return on equity of 16.73%. The company’s revenue for the quarter was up 40.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $3.19 earnings per share. Equities research analysts predict that Casey’s General Stores, Inc. will post 10.02 earnings per share for the current fiscal year.

Casey’s General Stores Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, November 15th. Investors of record on Tuesday, November 1st were issued a $0.38 dividend. The ex-dividend date of this dividend was Monday, October 31st. This represents a $1.52 dividend on an annualized basis and a yield of 0.63%. Casey’s General Stores’s dividend payout ratio (DPR) is presently 15.22%.

Insider Activity at Casey’s General Stores

In other news, Director Mike Spanos purchased 454 shares of the stock in a transaction on Monday, September 12th. The stock was purchased at an average price of $220.45 per share, for a total transaction of $100,084.30. Following the acquisition, the director now owns 454 shares in the company, valued at $100,084.30. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.28% of the stock is owned by company insiders.

Casey’s General Stores Company Profile

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

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

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