Janus Henderson Group PLC Decreases Stock Position in Casey’s General Stores, Inc. (NASDAQ:CASY)

Janus Henderson Group PLC trimmed its position in shares of Casey’s General Stores, Inc. (NASDAQ:CASY) by 5.6% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 676,514 shares of the company’s stock after selling 40,213 shares during the quarter. Janus Henderson Group PLC owned approximately 1.82% of Casey’s General Stores worth $254,175,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Tidal Investments LLC purchased a new position in Casey’s General Stores during the first quarter worth approximately $214,000. Cetera Investment Advisers increased its position in Casey’s General Stores by 255.8% during the first quarter. Cetera Investment Advisers now owns 9,291 shares of the company’s stock worth $2,959,000 after purchasing an additional 6,680 shares during the last quarter. Cetera Advisors LLC boosted its holdings in Casey’s General Stores by 130.0% in the 1st quarter. Cetera Advisors LLC now owns 5,830 shares of the company’s stock valued at $1,857,000 after purchasing an additional 3,295 shares during the last quarter. GAMMA Investing LLC grew its stake in shares of Casey’s General Stores by 95.8% in the 2nd quarter. GAMMA Investing LLC now owns 691 shares of the company’s stock valued at $264,000 after buying an additional 338 shares during the period. Finally, Harbor Capital Advisors Inc. increased its holdings in shares of Casey’s General Stores by 202.5% during the 2nd quarter. Harbor Capital Advisors Inc. now owns 2,447 shares of the company’s stock worth $934,000 after buying an additional 1,638 shares during the last quarter. Hedge funds and other institutional investors own 85.63% of the company’s stock.

Insider Activity at Casey’s General Stores

In related news, Director Mike Spanos purchased 267 shares of the business’s stock in a transaction on Wednesday, September 18th. The shares were bought at an average price of $376.18 per share, with a total value of $100,440.06. Following the completion of the purchase, the director now directly owns 2,594 shares in the company, valued at approximately $975,810.92. This trade represents a 11.47 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Darren M. Rebelez sold 13,500 shares of Casey’s General Stores stock in a transaction on Friday, September 6th. The shares were sold at an average price of $374.54, for a total transaction of $5,056,290.00. Following the completion of the transaction, the chief executive officer now owns 73,838 shares in the company, valued at approximately $27,655,284.52. This trade represents a 15.46 % decrease in their position. The disclosure for this sale can be found here. 0.56% of the stock is currently owned by corporate insiders.

Casey’s General Stores Price Performance

Shares of NASDAQ:CASY opened at $417.52 on Wednesday. The firm has a market capitalization of $15.50 billion, a price-to-earnings ratio of 30.39 and a beta of 0.80. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.84 and a quick ratio of 0.44. The business’s 50 day simple moving average is $396.28 and its 200-day simple moving average is $376.76. Casey’s General Stores, Inc. has a 12 month low of $266.56 and a 12 month high of $435.60.

Casey’s General Stores (NASDAQ:CASY) last announced its earnings results on Wednesday, September 4th. The company reported $4.83 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.54 by $0.29. Casey’s General Stores had a net margin of 3.40% and a return on equity of 17.07%. The company had revenue of $4.10 billion during the quarter, compared to analysts’ expectations of $4.15 billion. During the same quarter in the previous year, the business posted $4.52 earnings per share. The firm’s quarterly revenue was up 5.9% compared to the same quarter last year. As a group, equities analysts forecast that Casey’s General Stores, Inc. will post 14.22 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

CASY has been the topic of several research analyst reports. Wells Fargo & Company boosted their price objective on shares of Casey’s General Stores from $415.00 to $425.00 and gave the company an “overweight” rating in a report on Friday, September 6th. Benchmark reaffirmed a “buy” rating and set a $410.00 price objective on shares of Casey’s General Stores in a research report on Tuesday, September 10th. Royal Bank of Canada boosted their target price on Casey’s General Stores from $393.00 to $403.00 and gave the company a “sector perform” rating in a research report on Thursday, September 5th. Evercore ISI raised their price target on Casey’s General Stores from $435.00 to $440.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 16th. Finally, Deutsche Bank Aktiengesellschaft boosted their price objective on Casey’s General Stores from $451.00 to $454.00 and gave the company a “buy” rating in a report on Wednesday, November 6th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $408.25.

About Casey’s General Stores

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 pizza, donuts, breakfast items, and sandwiches; and tobacco and nicotine products. The company's stores provide soft drinks, energy, water, sports drinks, juices, coffee, and tea and dairy products; beer, wine, and spirits; snacks, candy, packaged bakery, and other food items; ice, ice cream, meals, and appetizers; health and beauty aids, automotive products, electronic accessories, housewares, and pet supplies; and ATM, lotto/lottery, and prepaid cards.