Legal & General Group Plc lifted its holdings in shares of Caseys General Stores, Inc. (NASDAQ:CASY) by 14.3% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 53,791 shares of the company’s stock after purchasing an additional 6,710 shares during the period. Legal & General Group Plc owned 0.14% of Caseys General Stores worth $5,887,000 at the end of the most recent reporting period.
Several other institutional investors have also made changes to their positions in the stock. Teacher Retirement System of Texas boosted its position in shares of Caseys General Stores by 0.5% during the 2nd quarter. Teacher Retirement System of Texas now owns 3,126 shares of the company’s stock valued at $335,000 after purchasing an additional 16 shares in the last quarter. Bank of Montreal Can boosted its holdings in Caseys General Stores by 0.3% in the second quarter. Bank of Montreal Can now owns 5,264 shares of the company’s stock worth $564,000 after acquiring an additional 18 shares in the last quarter. Neuberger Berman Group LLC boosted its holdings in Caseys General Stores by 0.9% in the second quarter. Neuberger Berman Group LLC now owns 2,474 shares of the company’s stock worth $265,000 after acquiring an additional 23 shares in the last quarter. Pacer Advisors Inc. boosted its holdings in Caseys General Stores by 0.8% in the second quarter. Pacer Advisors Inc. now owns 5,565 shares of the company’s stock worth $596,000 after acquiring an additional 44 shares in the last quarter. Finally, Wesbanco Bank Inc. boosted its holdings in Caseys General Stores by 2.9% in the second quarter. Wesbanco Bank Inc. now owns 3,223 shares of the company’s stock worth $345,000 after acquiring an additional 91 shares in the last quarter. Institutional investors own 97.20% of the company’s stock.
In other news, SVP Brian Joseph Johnson sold 1,000 shares of the firm’s stock in a transaction that occurred on Friday, September 22nd. The stock was sold at an average price of $108.01, for a total value of $108,010.00. Following the transaction, the senior vice president now owns 8,229 shares in the company, valued at $888,814.29. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.30% of the stock is owned by company insiders.
Caseys General Stores (NASDAQ:CASY) last posted its earnings results on Monday, December 11th. The company reported $1.28 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.40 by ($0.12). Caseys General Stores had a net margin of 2.02% and a return on equity of 13.42%. The company had revenue of $2.15 billion during the quarter, compared to the consensus estimate of $2.17 billion. During the same quarter in the prior year, the business earned $1.44 EPS. The firm’s revenue for the quarter was up 12.2% compared to the same quarter last year. sell-side analysts forecast that Caseys General Stores, Inc. will post 4.21 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, February 15th. Stockholders of record on Thursday, February 1st will be issued a $0.26 dividend. The ex-dividend date of this dividend is Wednesday, January 31st. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.98%. Caseys General Stores’s dividend payout ratio is presently 25.49%.
Several research analysts have issued reports on CASY shares. Jefferies Group set a $139.00 price target on Caseys General Stores and gave the stock a “buy” rating in a report on Friday, August 25th. Royal Bank of Canada set a $116.00 price target on Caseys General Stores and gave the stock a “hold” rating in a report on Monday, August 28th. Zacks Investment Research lowered Caseys General Stores from a “hold” rating to a “sell” rating in a report on Thursday, August 31st. Raymond James Financial reiterated a “market perform” rating on shares of Caseys General Stores in a report on Wednesday, December 6th. Finally, Barclays reiterated a “hold” rating on shares of Caseys General Stores in a report on Friday. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. Caseys General Stores has an average rating of “Hold” and a consensus price target of $115.29.
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Caseys General Stores Profile
Casey’s General Stores, Inc and its subsidiaries, operate convenience stores under the name Casey’s General Store in approximately 10 Midwestern states, in Iowa, Missouri, and Illinois. The Company also operates approximately two stores selling primarily tobacco products. The stores carry a range of food, including freshly prepared foods such as pizza, donuts, and sandwiches, beverages, tobacco products, health and beauty aids, automotive products and other nonfood items.
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