Public Employees Retirement System of Ohio Sells 1,804 Shares of Casey’s General Stores, Inc. (NASDAQ:CASY)

Public Employees Retirement System of Ohio decreased its holdings in shares of Casey’s General Stores, Inc. (NASDAQ:CASY) by 10.3% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,779 shares of the company’s stock after selling 1,804 shares during the period. Public Employees Retirement System of Ohio’s holdings in Casey’s General Stores were worth $5,928,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the business. Innealta Capital LLC bought a new position in shares of Casey’s General Stores during the 2nd quarter worth approximately $32,000. Venturi Wealth Management LLC boosted its stake in Casey’s General Stores by 941.7% during the third quarter. Venturi Wealth Management LLC now owns 125 shares of the company’s stock worth $47,000 after acquiring an additional 113 shares in the last quarter. V Square Quantitative Management LLC grew its holdings in Casey’s General Stores by 22.5% in the third quarter. V Square Quantitative Management LLC now owns 158 shares of the company’s stock worth $59,000 after purchasing an additional 29 shares during the period. Ashton Thomas Private Wealth LLC bought a new stake in Casey’s General Stores in the second quarter valued at $68,000. Finally, Quarry LP acquired a new position in shares of Casey’s General Stores during the second quarter valued at about $72,000. Institutional investors and hedge funds own 85.63% of the company’s stock.

Insider Buying and Selling

In other news, insider Katrina S. Lindsey sold 450 shares of the firm’s stock in a transaction 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 completion of the sale, the insider now directly owns 2,247 shares of the company’s stock, valued at $959,761.11. This trade represents a 16.69 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Mike Spanos bought 267 shares of the stock in a transaction dated Wednesday, September 18th. The shares were acquired at an average price of $376.18 per share, for a total transaction 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 ownership of the stock. The disclosure for this purchase can be found here. 0.56% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on CASY. Evercore ISI raised their target price on Casey’s General Stores from $460.00 to $470.00 and gave the company an “outperform” rating in a research note on Friday. Gordon Haskett assumed coverage on Casey’s General Stores in a report on Monday, November 4th. They set a “hold” rating and a $400.00 price objective for the company. Deutsche Bank Aktiengesellschaft upped their target price on Casey’s General Stores from $451.00 to $454.00 and gave the stock a “buy” rating in a research report on Wednesday, November 6th. StockNews.com downgraded shares of Casey’s General Stores from a “strong-buy” rating to a “buy” rating in a research report on Friday. Finally, Melius Research assumed coverage on shares of Casey’s General Stores in a report on Monday, September 23rd. They set a “buy” rating and a $435.00 price objective on the stock. One analyst has rated the stock with a sell rating, three have issued a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, Casey’s General Stores has a consensus rating of “Moderate Buy” and a consensus price target of $419.45.

Casey’s General Stores Price Performance

CASY opened at $425.27 on Friday. The firm’s fifty day moving average price is $405.04 and its two-hundred day moving average price is $381.40. The company has a market capitalization of $15.79 billion, a price-to-earnings ratio of 29.64 and a beta of 0.80. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.88 and a quick ratio of 0.44. Casey’s General Stores, Inc. has a 1 year low of $266.58 and a 1 year high of $439.68.

Casey’s General Stores (NASDAQ:CASY) last released its quarterly earnings results on Monday, December 9th. The company reported $4.85 earnings per share for the quarter, topping the consensus estimate of $4.29 by $0.56. The business had revenue of $3.95 billion for the quarter, compared to analysts’ expectations of $4.03 billion. Casey’s General Stores had a net margin of 3.57% and a return on equity of 17.17%. The firm’s revenue for the quarter was down 2.9% compared to the same quarter last year. During the same period in the previous year, the company earned $4.24 earnings per share. As a group, analysts anticipate that Casey’s General Stores, Inc. will post 14.28 earnings per share for the current fiscal year.

Casey’s General Stores Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, February 17th. Investors of record on Monday, February 3rd will be given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.47%. The ex-dividend date is Monday, February 3rd. Casey’s General Stores’s payout ratio is 13.94%.

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.