Casey’s General Stores, Inc. (NASDAQ:CASY) Shares Sold by First Trust Advisors LP

First Trust Advisors LP lowered its holdings in shares of Casey’s General Stores, Inc. (NASDAQ:CASY) by 33.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 48,736 shares of the company’s stock after selling 24,297 shares during the period. First Trust Advisors LP owned about 0.13% of Casey’s General Stores worth $8,658,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Creative Planning raised its position in shares of Casey’s General Stores by 46.2% in the second quarter. Creative Planning now owns 3,801 shares of the company’s stock valued at $568,000 after buying an additional 1,201 shares during the last quarter. Morgan Stanley raised its position in shares of Casey’s General Stores by 12.5% in the first quarter. Morgan Stanley now owns 52,343 shares of the company’s stock valued at $6,935,000 after buying an additional 5,818 shares during the last quarter. Pacer Advisors Inc. acquired a new position in shares of Casey’s General Stores in the third quarter valued at approximately $1,586,000. Assenagon Asset Management S.A. acquired a new position in shares of Casey’s General Stores in the third quarter valued at approximately $2,853,000. Finally, Russell Investments Group Ltd. raised its position in shares of Casey’s General Stores by 101.4% in the second quarter. Russell Investments Group Ltd. now owns 90,154 shares of the company’s stock valued at $13,446,000 after buying an additional 45,389 shares during the last quarter. Institutional investors own 83.47% of the company’s stock.

CASY has been the subject of a number of analyst reports. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Casey’s General Stores from $195.00 to $218.00 and gave the company a “buy” rating in a research report on Tuesday, November 10th. JPMorgan Chase & Co. lowered shares of Casey’s General Stores from a “neutral” rating to an “underweight” rating and upped their price target for the stock from $168.00 to $171.00 in a research report on Monday, September 14th. They noted that the move was a valuation call. Stephens raised shares of Casey’s General Stores from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $172.00 to $210.00 in a research report on Thursday, September 10th. Berenberg Bank started coverage on shares of Casey’s General Stores in a research report on Wednesday. They set a “buy” rating for the company. Finally, Royal Bank of Canada upped their price target on shares of Casey’s General Stores from $180.00 to $202.00 and gave the stock a “sector perform” rating in a research report on Tuesday, November 10th. They noted that the move was a valuation call. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and six have assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $199.20.

CASY opened at $179.00 on Friday. The company has a quick ratio of 0.60, a current ratio of 1.05 and a debt-to-equity ratio of 0.73. Casey’s General Stores, Inc. has a 52-week low of $114.01 and a 52-week high of $196.57. The company has a 50 day moving average of $181.85 and a two-hundred day moving average of $167.57. The company has a market cap of $6.61 billion, a P/E ratio of 22.29 and a beta of 0.89.

Casey’s General Stores (NASDAQ:CASY) last released its quarterly earnings data on Tuesday, September 8th. The company reported $3.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.06 by $1.18. The company had revenue of $2.11 billion during the quarter, compared to the consensus estimate of $2.12 billion. Casey’s General Stores had a net margin of 3.45% and a return on equity of 18.25%. Casey’s General Stores’s revenue for the quarter was down 19.9% on a year-over-year basis. During the same period in the previous year, the firm earned $2.31 earnings per share. Research analysts anticipate that Casey’s General Stores, Inc. will post 7.79 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Monday, November 16th. Stockholders of record on Monday, November 2nd were paid a $0.32 dividend. The ex-dividend date of this dividend was Friday, October 30th. This represents a $1.28 annualized dividend and a dividend yield of 0.72%. Casey’s General Stores’s dividend payout ratio (DPR) is presently 18.03%.

Casey’s General Stores 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; 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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