Casey’s General Stores, Inc. $CASY Stock Sold by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. lowered its stake in shares of Casey’s General Stores, Inc. (NASDAQ:CASY) by 86.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,759 shares of the company’s stock after selling 10,880 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in Casey’s General Stores were worth $1,070,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in CASY. Fiduciary Financial Advisors bought a new stake in shares of Casey’s General Stores during the 2nd quarter valued at $26,000. Bell Investment Advisors Inc bought a new position in Casey’s General Stores in the 2nd quarter worth about $33,000. Anchor Investment Management LLC boosted its stake in Casey’s General Stores by 72.0% in the 2nd quarter. Anchor Investment Management LLC now owns 43 shares of the company’s stock worth $34,000 after purchasing an additional 18 shares during the period. Caitlin John LLC bought a new position in Casey’s General Stores in the 2nd quarter worth about $35,000. Finally, Whipplewood Advisors LLC purchased a new position in Casey’s General Stores during the 1st quarter valued at about $33,000. Hedge funds and other institutional investors own 85.63% of the company’s stock.

Casey’s General Stores Price Performance

NASDAQ:CASY opened at $703.93 on Tuesday. Casey’s General Stores, Inc. has a 52-week low of $497.38 and a 52-week high of $927.85. The stock has a fifty day moving average of $685.93 and a 200 day moving average of $737.89. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.61 and a current ratio of 1.02. The firm has a market capitalization of $26.02 billion, a price-to-earnings ratio of 33.91, a P/E/G ratio of 2.26 and a beta of 0.59.

Casey’s General Stores (NASDAQ:CASY) last announced its earnings results on Tuesday, September 8th. The company reported $7.37 earnings per share for the quarter, topping analysts’ consensus estimates of $6.78 by $0.59. Casey’s General Stores had a return on equity of 19.68% and a net margin of 4.14%. The business had revenue of $5.68 billion for the quarter, compared to analyst estimates of $5.56 billion. During the same period in the prior year, the company earned $5.77 EPS. The company’s quarterly revenue was up 24.3% compared to the same quarter last year. On average, research analysts expect that Casey’s General Stores, Inc. will post 21.61 EPS for the current fiscal year.

Casey’s General Stores Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 13th. Stockholders of record on Sunday, November 1st will be issued a dividend of $0.65 per share. The ex-dividend date of this dividend is Friday, October 30th. This represents a $2.60 annualized dividend and a dividend yield of 0.4%. Casey’s General Stores’s payout ratio is presently 12.52%.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. KeyCorp decreased their price target on Casey’s General Stores from $970.00 to $780.00 and set an “overweight” rating on the stock in a research report on Thursday, September 10th. BMO Capital Markets set a $810.00 price objective on shares of Casey’s General Stores in a research report on Thursday, September 10th. JPMorgan Chase & Co. cut their price objective on shares of Casey’s General Stores from $975.00 to $833.00 and set a “neutral” rating for the company in a research report on Thursday, September 3rd. Evercore reaffirmed an “outperform” rating and set a $775.00 price objective on shares of Casey’s General Stores in a research note on Friday, September 11th. Finally, UBS Group decreased their target price on shares of Casey’s General Stores from $925.00 to $720.00 and set a “neutral” rating on the stock in a report on Thursday, September 10th. Sixteen analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $835.38.

About Casey’s General Stores

Casey’s General Stores, Inc (NASDAQ: CASY) is a U.S.-based convenience store chain that operates retail fuel stations and food-focused convenience outlets. Founded in 1959 in Boone, Iowa, the company has grown from a single neighborhood store into a regional operator known for combining traditional convenience retailing—fuel, packaged goods and tobacco—with a larger emphasis on fresh and prepared foods.

The company’s stores typically offer gasoline and diesel alongside a range of grocery essentials, grab-and-go items and made-to-order foodservice.