New York State Common Retirement Fund Sells 2,000 Shares of Casey’s General Stores, Inc. (NASDAQ:CASY)

New York State Common Retirement Fund decreased its stake in Casey’s General Stores, Inc. (NASDAQ:CASY) by 6.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 30,217 shares of the company’s stock after selling 2,000 shares during the period. New York State Common Retirement Fund’s holdings in Casey’s General Stores were worth $11,973,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Allspring Global Investments Holdings LLC lifted its stake in shares of Casey’s General Stores by 400.8% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 616 shares of the company’s stock valued at $231,000 after acquiring an additional 493 shares during the last quarter. Private Advisor Group LLC increased its holdings in Casey’s General Stores by 1.1% in the 3rd quarter. Private Advisor Group LLC now owns 3,645 shares of the company’s stock worth $1,370,000 after purchasing an additional 41 shares in the last quarter. DekaBank Deutsche Girozentrale raised its position in Casey’s General Stores by 15.5% in the third quarter. DekaBank Deutsche Girozentrale now owns 8,911 shares of the company’s stock valued at $3,321,000 after purchasing an additional 1,194 shares during the last quarter. State of Alaska Department of Revenue raised its position in Casey’s General Stores by 2.2% in the third quarter. State of Alaska Department of Revenue now owns 13,461 shares of the company’s stock valued at $5,056,000 after purchasing an additional 290 shares during the last quarter. Finally, J.W. Cole Advisors Inc. acquired a new stake in shares of Casey’s General Stores during the third quarter valued at about $201,000. Institutional investors and hedge funds own 85.63% of the company’s stock.

Casey’s General Stores Stock Performance

CASY stock opened at $414.56 on Tuesday. The firm has a market cap of $15.39 billion, a PE ratio of 28.89, a price-to-earnings-growth ratio of 2.40 and a beta of 0.83. The company has a current ratio of 0.88, a quick ratio of 0.49 and a debt-to-equity ratio of 0.74. The stock has a 50-day moving average price of $409.92 and a 200-day moving average price of $397.33. Casey’s General Stores, Inc. has a 1-year low of $290.00 and a 1-year high of $445.17.

Casey’s General Stores (NASDAQ:CASY) last issued its earnings results on Monday, December 9th. The company reported $4.85 earnings per share for the quarter, topping analysts’ consensus estimates of $4.29 by $0.56. The business had revenue of $3.95 billion during the quarter, compared to the consensus estimate of $4.03 billion. Casey’s General Stores had a return on equity of 17.17% and a net margin of 3.57%. The firm’s revenue for the quarter was down 2.9% on a year-over-year basis. During the same period in the previous year, the company posted $4.24 earnings per share. As a group, equities research analysts expect that Casey’s General Stores, Inc. will post 13.94 earnings per share for the current year.

Casey’s General Stores Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, February 17th. Investors of record on Monday, February 3rd were paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 0.48%. The ex-dividend date of this dividend was Monday, February 3rd. Casey’s General Stores’s dividend payout ratio is presently 13.94%.

Insiders Place Their Bets

In related news, insider Katrina S. Lindsey sold 450 shares of the company’s stock in a transaction that occurred on Thursday, December 12th. The stock was sold at an average price of $427.13, for a total transaction of $192,208.50. Following the transaction, the insider now directly owns 2,247 shares of the company’s stock, valued at approximately $959,761.11. This represents a 16.69 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Mike Spanos acquired 500 shares of Casey’s General Stores stock in a transaction on Monday, December 23rd. The stock was purchased at an average cost of $396.76 per share, with a total value of $198,380.00. Following the purchase, the director now directly owns 3,097 shares of the company’s stock, valued at approximately $1,228,765.72. This trade represents a 19.25 % increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 0.56% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the company. Deutsche Bank Aktiengesellschaft upped their price objective on Casey’s General Stores from $451.00 to $454.00 and gave the company a “buy” rating in a research note on Wednesday, November 6th. Royal Bank of Canada raised their price target on shares of Casey’s General Stores from $403.00 to $428.00 and gave the company a “sector perform” rating in a research note on Tuesday, December 10th. Gordon Haskett raised shares of Casey’s General Stores from a “hold” rating to a “buy” rating in a research note on Thursday, February 13th. Evercore ISI increased their price objective on Casey’s General Stores from $460.00 to $470.00 and gave the company an “outperform” rating in a report on Friday, December 13th. Finally, BMO Capital Markets reaffirmed a “market perform” rating and set a $450.00 target price (up from $400.00) on shares of Casey’s General Stores in a report on Wednesday, December 18th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and nine have issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $424.00.

Casey’s General Stores Profile

Casey’s General Stores, Inc engages in the provision of management and operation of convenience stores and gasoline stations. It provides self-service gasoline, a wide selection of grocery items, and an array of freshly prepared food items. The firm offers food, beverages, tobacco products, health and beauty aids, automotive products, and other non-food items.