First Trust Advisors LP Sells 18,452 Shares of Casey’s General Stores, Inc. $CASY

First Trust Advisors LP lowered its stake in shares of Casey’s General Stores, Inc. (NASDAQ:CASY) by 25.1% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 55,061 shares of the company’s stock after selling 18,452 shares during the quarter. First Trust Advisors LP owned about 0.15% of Casey’s General Stores worth $28,096,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also made changes to their positions in the company. EverSource Wealth Advisors LLC raised its position in shares of Casey’s General Stores by 431.7% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 218 shares of the company’s stock valued at $111,000 after purchasing an additional 177 shares during the last quarter. Invesco Ltd. raised 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 worth $246,923,000 after purchasing an additional 202,033 shares during the period. Groupe la Francaise purchased a new position in shares of Casey’s General Stores during the 2nd quarter valued at approximately $7,371,000. Blueshift Asset Management LLC grew its position in shares of Casey’s General Stores by 65.1% in the second quarter. Blueshift Asset Management LLC now owns 1,719 shares of the company’s stock valued at $877,000 after purchasing an additional 678 shares during the period. Finally, Arrowstreet Capital Limited Partnership acquired a new position in shares of Casey’s General Stores during the second quarter valued at approximately $8,176,000. 85.63% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Casey’s General Stores

In other Casey’s General Stores news, insider Chad Michael Frazell sold 3,487 shares of the business’s stock in a transaction on Monday, September 29th. The stock was sold at an average price of $555.40, for a total transaction of $1,936,679.80. Following the sale, the insider directly owned 7,993 shares in the company, valued at approximately $4,439,312.20. The trade was a 30.37% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.54% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently weighed in on CASY. Wells Fargo & Company boosted their price target on shares of Casey’s General Stores from $610.00 to $625.00 and gave the stock an “overweight” rating in a research report on Tuesday, December 2nd. Stephens increased their price objective on shares of Casey’s General Stores from $570.00 to $600.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 3rd. The Goldman Sachs Group reissued a “neutral” rating and set a $530.00 price target on shares of Casey’s General Stores in a research report on Wednesday. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Casey’s General Stores in a research report on Monday. Finally, Royal Bank Of Canada boosted their target price on shares of Casey’s General Stores from $570.00 to $591.00 and gave the stock a “sector perform” rating in a research note on Wednesday. Seven investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Casey’s General Stores currently has a consensus rating of “Moderate Buy” and a consensus price target of $585.67.

Casey’s General Stores Trading Down 5.3%

NASDAQ:CASY opened at $533.18 on Thursday. Casey’s General Stores, Inc. has a 12-month low of $372.08 and a 12-month high of $573.76. The company has a current ratio of 1.03, a quick ratio of 0.61 and a debt-to-equity ratio of 0.65. The stock’s 50 day simple moving average is $548.65 and its 200-day simple moving average is $524.05. The firm has a market cap of $19.82 billion, a P/E ratio of 32.79 and a beta of 0.65.

Casey’s General Stores (NASDAQ:CASY) last announced its quarterly earnings data 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 net margin of 3.58% and a return on equity of 17.24%. The firm had revenue of $4.51 billion during the quarter, compared to the consensus estimate of $4.51 billion. During the same quarter last year, the firm earned $4.85 earnings per share. The firm’s revenue was up 14.2% compared to the same quarter last year. Equities analysts anticipate that Casey’s General Stores, Inc. will post 13.94 EPS for the current year.

Casey’s General Stores Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, February 13th. Shareholders of record on Sunday, February 1st will be given a dividend of $0.57 per share. This represents a $2.28 annualized dividend and a yield of 0.4%. The ex-dividend date is Friday, January 30th. Casey’s General Stores’s dividend payout ratio is presently 14.63%.

Casey’s General Stores Company Profile

Casey’s General Stores, Inc engages in the provision of management and operation of convenience stores and gasoline stations. It provides self-service gasoline, a wide selection of grocery items, and an array of freshly prepared food items. The firm offers food, beverages, tobacco products, health and beauty aids, automotive products, and other non-food items.