Public Employees Retirement System of Ohio Has $7.34 Million Stock Position in Casey’s General Stores Inc (NASDAQ:CASY)

Public Employees Retirement System of Ohio reduced its position in shares of Casey’s General Stores Inc (NASDAQ:CASY) by 9.5% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 47,071 shares of the company’s stock after selling 4,925 shares during the period. Public Employees Retirement System of Ohio’s holdings in Casey’s General Stores were worth $7,343,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. BlackRock Inc. lifted its holdings in shares of Casey’s General Stores by 1.2% in the first quarter. BlackRock Inc. now owns 3,224,026 shares of the company’s stock valued at $415,157,000 after purchasing an additional 36,695 shares in the last quarter. Clearbridge Investments LLC raised its stake in shares of Casey’s General Stores by 2.0% in the first quarter. Clearbridge Investments LLC now owns 1,425,212 shares of the company’s stock valued at $183,525,000 after acquiring an additional 28,550 shares during the period. Carillon Tower Advisers Inc. raised its stake in shares of Casey’s General Stores by 29.1% in the second quarter. Carillon Tower Advisers Inc. now owns 830,521 shares of the company’s stock valued at $129,553,000 after acquiring an additional 187,330 shares during the period. Geode Capital Management LLC lifted its holdings in shares of Casey’s General Stores by 8.5% in the 4th quarter. Geode Capital Management LLC now owns 388,122 shares of the company’s stock worth $49,733,000 after acquiring an additional 30,433 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its holdings in shares of Casey’s General Stores by 1.2% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 252,989 shares of the company’s stock worth $39,464,000 after acquiring an additional 2,921 shares during the last quarter. 87.60% of the stock is owned by hedge funds and other institutional investors.

In other Casey’s General Stores news, SVP Brian Joseph Johnson sold 4,000 shares of the firm’s stock in a transaction dated Tuesday, July 2nd. The shares were sold at an average price of $156.48, for a total transaction of $625,920.00. Following the transaction, the senior vice president now owns 14,817 shares of the company’s stock, valued at approximately $2,318,564.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director H Lynn Horak sold 3,000 shares of the business’s stock in a transaction dated Friday, June 21st. The shares were sold at an average price of $154.55, for a total transaction of $463,650.00. The disclosure for this sale can be found here. 0.41% of the stock is owned by corporate insiders.

Several equities analysts recently commented on the stock. BMO Capital Markets upped their price target on shares of Casey’s General Stores to $170.00 and gave the company a “market perform” rating in a report on Wednesday. BidaskClub lowered shares of Casey’s General Stores from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, September 4th. Royal Bank of Canada lowered Casey’s General Stores from a “sector perform” rating to an “underperform” rating and boosted their target price for the company from $144.00 to $158.00 in a research report on Thursday, August 29th. Jefferies Financial Group upped their target price on Casey’s General Stores from $183.00 to $192.00 and gave the company a “buy” rating in a research note on Wednesday, September 4th. Finally, Stephens increased their price target on Casey’s General Stores from $181.00 to $197.00 and gave the stock an “overweight” rating in a report on Wednesday. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and five have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $170.30.

CASY traded down $2.01 on Wednesday, reaching $167.95. 8,382 shares of the company traded hands, compared to its average volume of 366,371. The company has a market cap of $6.15 billion, a P/E ratio of 30.60, a price-to-earnings-growth ratio of 3.20 and a beta of 0.55. The company has a quick ratio of 0.23, a current ratio of 0.69 and a debt-to-equity ratio of 0.91. Casey’s General Stores Inc has a one year low of $116.23 and a one year high of $173.31. The firm has a fifty day simple moving average of $167.00 and a two-hundred day simple moving average of $145.54.

Casey’s General Stores (NASDAQ:CASY) last issued its earnings results on Monday, September 9th. The company reported $2.31 EPS for the quarter, topping the Zacks’ consensus estimate of $2.03 by $0.28. The business had revenue of $2.63 billion for the quarter, compared to analyst estimates of $2.59 billion. Casey’s General Stores had a net margin of 2.34% and a return on equity of 15.84%. During the same period last year, the company posted $1.90 earnings per share. The company’s quarterly revenue was up 1.5% compared to the same quarter last year. On average, equities analysts forecast that Casey’s General Stores Inc will post 5.92 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Friday, November 1st will be paid a $0.32 dividend. The ex-dividend date is Thursday, October 31st. This represents a $1.28 annualized dividend and a yield of 0.76%. Casey’s General Stores’s dividend payout ratio (DPR) is currently 23.23%.

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; beverage and tobacco products; health and beauty aids; automotive products; school supplies, housewares, and pet supplies; and other nonfood items.

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

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