Russell Investments Group Ltd. reduced its stake in Casey’s General Stores, Inc. (NASDAQ:CASY – Get Rating) by 14.9% in the third quarter, according to its latest Securities and Exchange Commission filings. The institutional investor owned 64,631 shares of the company after he sold 11,335 shares during the quarter. Russell Investments Group Limited owned approximately 0.17% of Casey’s General Store valued at $13,123,000 at the end of the most recent reporting period.
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Several other large investors have also recently changed positions in CASY. Ronald Blue Trust Inc. increased his stake in Casey’s General Stores by 1,200.0% in the third quarter. Ronald Blue Trust Inc. now owns 169 shares worth $31,000 after purchasing an additional 156 of his shares last quarter. Meeder Asset Management Inc. increased its positions at Casey’s General Stores by 39.4% in the second quarter. Meeder Asset Management Inc. now owns 198 shares of the company stock valued at $37,000 after purchasing an additional 56 shares during this period. New Millennium Group LLC purchased a new position in Casey’s General Stores for $57,000 in the second quarter. Lumature Wealth Partners LLC increased its position in Casey’s General Stores by 80.2% in the first quarter. Lumature Wealth Partners LLC now owns 310 shares of the company stock valued at $61,000 after purchasing an additional 138 shares during this period. Finally, Covestor Ltd increased its position in Casey’s General Stores by 89.7% in the first quarter. Covestor Ltd now owns 330 shares of the company, valued at $66,000, after purchasing an additional 156 shares during this period. Institutional investors and hedge funds own 84.74% of the company’s shares.
Casey’s General Stores stock performance
Shares of Casey’s General Stores opened at $228.06 on Monday. Casey’s General Stores, Inc. has a 12-month low of $170.82 and a 12-month high of $249.90. The company has a quick ratio of 0.65, a current ratio of 1.08 and a debt to equity ratio of 0.65. The 50-day moving average price for this business is $232.45 and the 200-day moving average price is $220.12. The stock has a market cap of $8.5 billion, a PE ratio of 20.60 and a beta of 0.82.
Casey’s General Stores (NASDAQ:CASY – Get Rating) last reported earnings on Tuesday, Dec. 6. The company reported his earnings per share (EPS) of $3.67 for the quarter, $0.40 above analyst consensus expectations of his $3.27. Casey’s General Stores had a return on equity of 17.78% and a net profit margin of 2.77%. The company posted revenue of $3.98 billion for the quarter, compared with analyst estimates of $4.15 billion. As a group, analysts expect Casey’s General Stores, Inc. to post earnings per share of 10.77 for the current year.
Casey’s General Stores Dividend Notice
The company recently announced a quarterly dividend payable on Wednesday, February 15th. Shareholders of record on Wednesday, February 1 will receive a dividend of $0.38. This represents his $1.52 dividend and his 0.67% yield on an annual basis. The ex-dividend date is Tuesday, January 31. Casey’s General Stores currently has a payout ratio of 13.73%.
Wall Street analyst opinion
CASY has been the topic of several recent research papers. Northcoast Research downgraded Casey’s General Stores from “Buy” to “Neutral” in its research report on Thursday, Dec. 8. The Royal Bank of Canada raised its price target for Casey’s General Stores from $256.00 to $263.00, giving the stock a “sector perform” rating, in a research report on Wednesday, Dec. 7. Stephens raised his stock price target for Casey’s General Stores from his $265.00 to his $280.00, giving the stock an “overweight” rating in a research report on Thursday, Dec. 8. Credit Suisse Group began covering Casey’s General Stores in its investigative report on Monday, December 19th. They issued a “neutral” rating and a stock price target of $254.00. Finally, Wells Fargo & Company raised its price target for Casey’s General Stores to $270.00 in a research report on Monday, December 12th. Three investment analysts have placed a hold rating on the stock, six issued a buy rating, and one issued a strong buy rating. Based on MarketBeat.com data, the stock has a consensus rating of “moderate buy” and a consensus target price of $263.88.
Casey’s General Stores Company Profile
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Casey’s General Stores, Inc is engaged in the management and operation of convenience stores and gas stations. We offer self-service petrol, a wide selection of groceries, and freshly prepared groceries. The company offers food, beverages, tobacco products, health and beauty supplements, automotive products, and other non-food products.
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