Meeder Asset Management Inc. Has $653,000 Position in Casey’s General Stores Inc (NASDAQ:CASY)

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Meeder Asset Management Inc. boosted its stake in shares of Casey’s General Stores Inc (NASDAQ:CASY) by 464.6% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 4,054 shares of the company’s stock after purchasing an additional 3,336 shares during the quarter. Meeder Asset Management Inc.’s holdings in Casey’s General Stores were worth $653,000 at the end of the most recent reporting period.

Other institutional investors also recently added to or reduced their stakes in the company. Eukles Asset Management boosted its stake in Casey’s General Stores by 2.1% in the 2nd quarter. Eukles Asset Management now owns 3,237 shares of the company’s stock valued at $505,000 after purchasing an additional 67 shares during the period. MML Investors Services LLC grew its position in shares of Casey’s General Stores by 2.5% in the 2nd quarter. MML Investors Services LLC now owns 2,795 shares of the company’s stock valued at $436,000 after buying an additional 69 shares during the last quarter. TrinityPoint Wealth LLC grew its position in shares of Casey’s General Stores by 4.5% in the 2nd quarter. TrinityPoint Wealth LLC now owns 1,848 shares of the company’s stock valued at $301,000 after buying an additional 80 shares during the last quarter. 6 Meridian grew its position in shares of Casey’s General Stores by 2.4% in the 2nd quarter. 6 Meridian now owns 3,667 shares of the company’s stock valued at $572,000 after buying an additional 85 shares during the last quarter. Finally, Commerce Bank grew its position in shares of Casey’s General Stores by 1.5% in the 2nd quarter. Commerce Bank now owns 6,052 shares of the company’s stock valued at $944,000 after buying an additional 87 shares during the last quarter. Hedge funds and other institutional investors own 88.37% of the company’s stock.

CASY has been the topic of several research analyst reports. BidaskClub lowered Casey’s General Stores from a “buy” rating to a “hold” rating in a research report on Friday, September 27th. Gabelli downgraded Casey’s General Stores from a “buy” rating to a “hold” rating in a research report on Wednesday, August 7th. JPMorgan Chase & Co. increased their price target on Casey’s General Stores from $152.00 to $169.00 and gave the company a “neutral” rating in a research report on Thursday, September 12th. Barclays increased their price target on Casey’s General Stores from $140.00 to $170.00 and gave the company an “equal weight” rating in a research report on Wednesday, September 11th. Finally, Jefferies Financial Group set a $192.00 price target on Casey’s General Stores and gave the company a “buy” rating in a research report on Tuesday, September 10th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and three have issued a buy rating to the company’s stock. Casey’s General Stores currently has an average rating of “Hold” and an average target price of $172.80.

CASY opened at $164.42 on Monday. The company has a market cap of $6.02 billion, a P/E ratio of 27.65, a P/E/G ratio of 2.85 and a beta of 0.54. The business’s 50-day moving average price is $165.01 and its 200-day moving average price is $151.76. The company has a current ratio of 0.76, a quick ratio of 0.29 and a debt-to-equity ratio of 0.88. Casey’s General Stores Inc has a 12 month low of $116.23 and a 12 month high of $173.31.

Casey’s General Stores (NASDAQ:CASY) last posted its earnings results on Monday, September 9th. The company reported $2.31 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.03 by $0.28. The company had revenue of $2.63 billion for the quarter, compared to analysts’ expectations of $2.59 billion. Casey’s General Stores had a return on equity of 15.55% and a net margin of 2.34%. Casey’s General Stores’s quarterly revenue was up 1.5% on a year-over-year basis. During the same period last year, the firm earned $1.90 earnings per share. Equities research analysts forecast that Casey’s General Stores Inc will post 6.31 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Friday, November 1st will be given a dividend of $0.32 per share. The ex-dividend date is Thursday, October 31st. This represents a $1.28 annualized dividend and a yield of 0.78%. Casey’s General Stores’s payout ratio is 23.23%.

In other news, Director Allison M. Wing sold 554 shares of the business’s stock in a transaction that occurred on Monday, September 23rd. The stock was sold at an average price of $165.91, for a total value of $91,914.14. Following the sale, the director now directly owns 998 shares of the company’s stock, valued at approximately $165,578.18. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 0.41% of the company’s stock.

Casey’s General Stores Company 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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