Xponance Inc. Decreases Stock Position in Casey’s General Stores, Inc. (NASDAQ:CASY)

Xponance Inc. cut its stake in shares of Casey’s General Stores, Inc. (NASDAQ:CASY) by 1.3% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,003 shares of the company’s stock after selling 64 shares during the quarter. Xponance Inc.’s holdings in Casey’s General Stores were worth $1,375,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently bought and sold shares of the stock. Envestnet Asset Management Inc. boosted its stake in shares of Casey’s General Stores by 142.8% during the third quarter. Envestnet Asset Management Inc. now owns 242,923 shares of the company’s stock valued at $65,959,000 after purchasing an additional 142,884 shares during the period. Morgan Stanley boosted its position in Casey’s General Stores by 7.7% during the 3rd quarter. Morgan Stanley now owns 1,585,359 shares of the company’s stock valued at $430,458,000 after buying an additional 113,437 shares during the period. Lord Abbett & CO. LLC bought a new stake in Casey’s General Stores in the 3rd quarter worth $21,993,000. International Assets Investment Management LLC purchased a new position in shares of Casey’s General Stores in the fourth quarter valued at about $167,570,000. Finally, Teacher Retirement System of Texas raised its stake in shares of Casey’s General Stores by 26.3% during the third quarter. Teacher Retirement System of Texas now owns 191,422 shares of the company’s stock valued at $51,975,000 after acquiring an additional 39,896 shares during the last quarter. 85.63% of the stock is currently owned by hedge funds and other institutional investors.

Casey’s General Stores Stock Up 0.7 %

Shares of Casey’s General Stores stock opened at $315.64 on Thursday. Casey’s General Stores, Inc. has a 1 year low of $212.50 and a 1 year high of $324.40. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.89 and a quick ratio of 0.42. The company has a 50-day moving average of $306.71 and a 200 day moving average of $287.05. The firm has a market cap of $11.68 billion, a price-to-earnings ratio of 25.09, a PEG ratio of 2.51 and a beta of 0.83.

Casey’s General Stores (NASDAQ:CASY) last announced its earnings results on Tuesday, March 12th. The company reported $2.33 earnings per share for the quarter, beating analysts’ consensus estimates of $2.20 by $0.13. Casey’s General Stores had a net margin of 3.23% and a return on equity of 16.70%. The business had revenue of $3.33 billion during the quarter, compared to the consensus estimate of $3.51 billion. During the same quarter last year, the firm earned $2.36 earnings per share. The business’s revenue for the quarter was down .1% on a year-over-year basis. As a group, sell-side analysts anticipate that Casey’s General Stores, Inc. will post 12.81 earnings per share for the current fiscal year.

Casey’s General Stores Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Wednesday, May 1st will be issued a $0.43 dividend. This represents a $1.72 annualized dividend and a yield of 0.54%. The ex-dividend date is Tuesday, April 30th. Casey’s General Stores’s dividend payout ratio (DPR) is 13.67%.

Analysts Set New Price Targets

Several analysts recently issued reports on the company. Wells Fargo & Company raised their target price on Casey’s General Stores from $305.00 to $340.00 and gave the stock an “overweight” rating in a research note on Tuesday, March 5th. BMO Capital Markets boosted their target price on Casey’s General Stores from $290.00 to $305.00 and gave the company a “market perform” rating in a research note on Wednesday, March 13th. Benchmark reiterated a “buy” rating and issued a $312.00 price target on shares of Casey’s General Stores in a report on Wednesday, March 6th. Evercore ISI decreased their price objective on shares of Casey’s General Stores from $350.00 to $345.00 and set an “outperform” rating for the company in a report on Tuesday, April 16th. Finally, StockNews.com lowered shares of Casey’s General Stores from a “strong-buy” rating to a “buy” rating in a research note on Thursday, March 21st. Two analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $312.63.

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. 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.