Casey’s General Stores, Inc. $CASY Shares Sold by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC lowered its position in shares of Casey’s General Stores, Inc. (NASDAQ:CASY) by 8.4% in the second quarter, according to the company in its most recent filing with the SEC. The firm owned 9,677 shares of the company’s stock after selling 893 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Casey’s General Stores were worth $4,938,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Wellington Management Group LLP grew its holdings in Casey’s General Stores by 190.6% during the first quarter. Wellington Management Group LLP now owns 1,244,311 shares of the company’s stock worth $540,081,000 after acquiring an additional 816,110 shares during the period. JPMorgan Chase & Co. grew its holdings in Casey’s General Stores by 42.0% during the first quarter. JPMorgan Chase & Co. now owns 1,036,426 shares of the company’s stock worth $449,851,000 after acquiring an additional 306,628 shares during the period. Raymond James Financial Inc. grew its holdings in Casey’s General Stores by 8.9% during the first quarter. Raymond James Financial Inc. now owns 649,815 shares of the company’s stock worth $282,045,000 after acquiring an additional 52,939 shares during the period. Bank of New York Mellon Corp grew its holdings in Casey’s General Stores by 51.5% during the first quarter. Bank of New York Mellon Corp now owns 515,603 shares of the company’s stock worth $223,792,000 after acquiring an additional 175,372 shares during the period. Finally, Northern Trust Corp grew its holdings in Casey’s General Stores by 0.6% during the first quarter. Northern Trust Corp now owns 334,445 shares of the company’s stock worth $145,163,000 after acquiring an additional 1,941 shares during the period. Institutional investors and hedge funds own 85.63% of the company’s stock.

Casey’s General Stores Price Performance

NASDAQ:CASY opened at $532.38 on Wednesday. Casey’s General Stores, Inc. has a 12 month low of $372.08 and a 12 month high of $572.18. The stock has a 50 day moving average of $538.25 and a two-hundred day moving average of $504.12. The company has a current ratio of 1.03, a quick ratio of 0.61 and a debt-to-equity ratio of 0.65. The firm has a market cap of $19.79 billion, a P/E ratio of 34.17 and a beta of 0.68.

Casey’s General Stores (NASDAQ:CASY) last posted its quarterly earnings data on Monday, September 8th. The company reported $5.77 EPS for the quarter, topping the consensus estimate of $5.02 by $0.75. Casey’s General Stores had a return on equity of 16.73% and a net margin of 3.54%.The company had revenue of $4.57 billion during the quarter, compared to analyst estimates of $4.47 billion. During the same period in the previous year, the business earned $4.83 EPS. Casey’s General Stores’s quarterly revenue was up 11.5% on a year-over-year basis. On average, analysts expect that Casey’s General Stores, Inc. will post 13.94 earnings per share for the current fiscal year.

Casey’s General Stores Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 14th. Shareholders of record on Saturday, November 1st will be paid a dividend of $0.57 per share. This represents a $2.28 annualized dividend and a yield of 0.4%. The ex-dividend date is Friday, October 31st. Casey’s General Stores’s payout ratio is 14.63%.

Wall Street Analysts Forecast Growth

Several analysts recently commented on CASY shares. KeyCorp raised their target price on Casey’s General Stores from $550.00 to $575.00 and gave the stock an “overweight” rating in a report on Friday, July 25th. The Goldman Sachs Group raised their target price on Casey’s General Stores from $450.00 to $490.00 and gave the stock a “neutral” rating in a report on Wednesday, September 10th. Stephens restated an “overweight” rating and issued a $570.00 price target on shares of Casey’s General Stores in a research note on Wednesday, October 8th. Royal Bank Of Canada lifted their price target on Casey’s General Stores from $468.00 to $542.00 and gave the company a “sector perform” rating in a research note on Wednesday, July 9th. Finally, Evercore ISI lifted their price target on Casey’s General Stores from $580.00 to $585.00 and gave the company an “outperform” rating in a research note on Tuesday, October 21st. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, Casey’s General Stores presently has an average rating of “Moderate Buy” and an average price target of $536.60.

Insider Buying and Selling

In other Casey’s General Stores news, insider Chad Michael Frazell sold 3,487 shares of the business’s stock in a transaction that occurred on Monday, September 29th. The stock was sold at an average price of $555.40, for a total transaction of $1,936,679.80. Following the completion of the sale, the insider directly owned 7,993 shares in the company, valued at approximately $4,439,312.20. The trade was a 30.37% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.54% of the company’s stock.

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.