Casey’s General Stores Inc (NASDAQ:CASY) Shares Sold by Crossmark Global Holdings Inc.

Crossmark Global Holdings Inc. trimmed its position in Casey’s General Stores Inc (NASDAQ:CASY) by 6.3% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,347 shares of the company’s stock after selling 90 shares during the period. Crossmark Global Holdings Inc.’s holdings in Casey’s General Stores were worth $239,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in CASY. Assenagon Asset Management S.A. acquired a new stake in shares of Casey’s General Stores during the 3rd quarter valued at $2,853,000. Principal Financial Group Inc. lifted its position in shares of Casey’s General Stores by 1.0% during the 2nd quarter. Principal Financial Group Inc. now owns 112,996 shares of the company’s stock valued at $16,896,000 after acquiring an additional 1,135 shares during the last quarter. Neuberger Berman Group LLC acquired a new stake in shares of Casey’s General Stores during the 2nd quarter valued at $245,000. Nuveen Asset Management LLC lifted its position in shares of Casey’s General Stores by 0.5% during the 2nd quarter. Nuveen Asset Management LLC now owns 277,713 shares of the company’s stock valued at $41,523,000 after acquiring an additional 1,507 shares during the last quarter. Finally, WealthPLAN Partners LLC lifted its position in shares of Casey’s General Stores by 4.3% during the 2nd quarter. WealthPLAN Partners LLC now owns 34,707 shares of the company’s stock valued at $5,977,000 after acquiring an additional 1,428 shares during the last quarter. Hedge funds and other institutional investors own 87.59% of the company’s stock.

NASDAQ CASY opened at $184.74 on Friday. Casey’s General Stores Inc has a 1-year low of $114.01 and a 1-year high of $186.58. The company has a current ratio of 1.05, a quick ratio of 0.60 and a debt-to-equity ratio of 0.73. The company has a market capitalization of $6.82 billion, a PE ratio of 23.01 and a beta of 0.85. The firm’s fifty day simple moving average is $177.79 and its 200-day simple moving average is $161.00.

Casey’s General Stores (NASDAQ:CASY) last posted its quarterly earnings results on Tuesday, September 8th. The company reported $3.24 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.06 by $1.18. Casey’s General Stores had a net margin of 3.45% and a return on equity of 18.25%. The business had revenue of $2.11 billion for the quarter, compared to the consensus estimate of $2.12 billion. During the same period in the prior year, the business posted $2.31 earnings per share. Casey’s General Stores’s revenue for the quarter was down 19.9% compared to the same quarter last year. As a group, analysts predict that Casey’s General Stores Inc will post 7.78 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Monday, November 16th. Stockholders of record on Monday, November 2nd will be paid a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a dividend yield of 0.69%. The ex-dividend date of this dividend is Friday, October 30th. Casey’s General Stores’s dividend payout ratio (DPR) is presently 18.03%.

A number of brokerages have recently commented on CASY. BMO Capital Markets increased their price objective on Casey’s General Stores from $165.00 to $170.00 and gave the company a “market perform” rating in a research report on Thursday, September 10th. They noted that the move was a valuation call. Deutsche Bank Aktiengesellschaft increased their target price on Casey’s General Stores from $177.00 to $195.00 and gave the company a “buy” rating in a report on Thursday, September 10th. Royal Bank of Canada increased their target price on Casey’s General Stores from $176.00 to $180.00 and gave the company a “sector perform” rating in a report on Wednesday, September 9th. BidaskClub upgraded Casey’s General Stores from a “sell” rating to a “hold” rating in a report on Thursday, July 16th. Finally, Jefferies Financial Group increased their target price on Casey’s General Stores from $205.00 to $209.00 and gave the company a “buy” rating in a report on Tuesday, September 1st. One research analyst has rated the stock with a sell rating, five have given a hold rating and five have given a buy rating to the company. Casey’s General Stores presently has a consensus rating of “Hold” and an average price target of $188.00.

Casey’s General Stores Profile

Casey's General Stores, Inc, together with its subsidiaries, operates convenience stores under the Casey's and Casey's General Store names. The company's stores offer a selection of food, including freshly prepared foods, such as pizza, donuts, and sandwiches; beverage and tobacco products; health and beauty aids; automotive products; school supplies, housewares, and pet supplies; and other nonfood items.

Featured Story: What is Put Option Volume?

Want to see what other hedge funds are holding CASY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Casey’s General Stores Inc (NASDAQ:CASY).

Institutional Ownership by Quarter for Casey`s General Stores (NASDAQ:CASY)

Receive News & Ratings for Casey's General Stores Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Casey's General Stores and related companies with MarketBeat.com's FREE daily email newsletter.