New York State Common Retirement Fund Has $11.97 Million Position in Casey’s General Stores, Inc. (NASDAQ:CASY)

New York State Common Retirement Fund reduced its stake in shares of Casey’s General Stores, Inc. (NASDAQ:CASY) by 6.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 30,217 shares of the company’s stock after selling 2,000 shares during the quarter. New York State Common Retirement Fund owned about 0.08% of Casey’s General Stores worth $11,973,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of CASY. YANKCOM Partnership bought a new stake in Casey’s General Stores during the 4th quarter worth approximately $34,000. Endeavor Private Wealth Inc. acquired a new position in shares of Casey’s General Stores during the 4th quarter worth approximately $36,000. Venturi Wealth Management LLC increased its holdings 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 buying an additional 113 shares during the last quarter. MassMutual Private Wealth & Trust FSB increased its stake in shares of Casey’s General Stores by 24.2% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 149 shares of the company’s stock worth $59,000 after purchasing an additional 29 shares during the last quarter. Finally, Kennebec Savings Bank bought a new stake in shares of Casey’s General Stores in the 3rd quarter valued at about $76,000. Institutional investors own 85.63% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on CASY. BMO Capital Markets reissued a “market perform” rating and set a $450.00 price target (up previously from $400.00) on shares of Casey’s General Stores in a research report on Wednesday, December 18th. Evercore ISI increased their price target on Casey’s General Stores from $460.00 to $470.00 and gave the company an “outperform” rating in a research note on Friday, December 13th. Royal Bank of Canada lifted their price objective on shares of Casey’s General Stores from $403.00 to $428.00 and gave the stock a “sector perform” rating in a research report on Tuesday, December 10th. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Casey’s General Stores from $451.00 to $454.00 and gave the company a “buy” rating in a report on Wednesday, November 6th. Finally, Gordon Haskett upgraded shares of Casey’s General Stores from a “hold” rating to a “buy” rating in a research note on Thursday, February 13th. One research analyst has rated the stock with a sell rating, two have given a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $424.00.

Casey’s General Stores Price Performance

Shares of Casey’s General Stores stock opened at $414.56 on Tuesday. The company has a 50-day simple moving average of $409.92 and a two-hundred day simple moving average of $397.33. Casey’s General Stores, Inc. has a twelve month low of $290.00 and a twelve month high of $445.17. The stock has a market capitalization of $15.39 billion, a price-to-earnings ratio of 28.89, a price-to-earnings-growth ratio of 2.40 and a beta of 0.83. The company has a quick ratio of 0.49, a current ratio of 0.88 and a debt-to-equity ratio of 0.74.

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, beating analysts’ consensus estimates of $4.29 by $0.56. The company had revenue of $3.95 billion during the quarter, compared to the consensus estimate 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 quarterly revenue was down 2.9% on a year-over-year basis. During the same period in the previous year, the business earned $4.24 earnings per share. Analysts forecast that Casey’s General Stores, Inc. will post 13.94 EPS for the current year.

Casey’s General Stores Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, February 17th. Stockholders of record on Monday, February 3rd were issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 0.48%. The ex-dividend date was Monday, February 3rd. Casey’s General Stores’s dividend payout ratio (DPR) is currently 13.94%.

Insider Buying and Selling

In other Casey’s General Stores news, Director Mike Spanos bought 500 shares of the business’s stock in a transaction on Monday, December 23rd. The stock was purchased at an average cost of $396.76 per share, for a total transaction of $198,380.00. Following the completion of the purchase, the director now directly owns 3,097 shares of the company’s stock, valued at approximately $1,228,765.72. This trade represents a 19.25 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Katrina S. Lindsey sold 450 shares of Casey’s General Stores stock in a transaction on Thursday, December 12th. The shares were sold at an average price of $427.13, for a total value of $192,208.50. Following the completion of the transaction, the insider now owns 2,247 shares in the company, valued at approximately $959,761.11. The trade was a 16.69 % decrease in their position. The disclosure for this sale can be found here. 0.56% of the stock is owned by company insiders.

About Casey’s General Stores

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.