Casey’s General Stores, Inc. (NASDAQ:CASY) Shares Purchased by Retirement Systems of Alabama


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Retirement Systems of Alabama increased its position in shares of Casey’s General Stores, Inc. (NASDAQ:CASY) by 0.1% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 91,923 shares of the company’s stock after acquiring an additional 78 shares during the period. Retirement Systems of Alabama owned about 0.25% of Casey’s General Stores worth $19,873,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. WealthTrust Axiom LLC acquired a new position in Casey’s General Stores during the 1st quarter worth about $216,000. Louisiana State Employees Retirement System raised its position in Casey’s General Stores by 4.3% in the 1st quarter. Louisiana State Employees Retirement System now owns 9,600 shares of the company’s stock valued at $2,075,000 after purchasing an additional 400 shares in the last quarter. Bellecapital International Ltd. raised its position in Casey’s General Stores by 11.8% in the 1st quarter. Bellecapital International Ltd. now owns 4,535 shares of the company’s stock valued at $980,000 after purchasing an additional 479 shares in the last quarter. Royal London Asset Management Ltd. raised its position in Casey’s General Stores by 3.3% in the 1st quarter. Royal London Asset Management Ltd. now owns 95,395 shares of the company’s stock valued at $20,696,000 after purchasing an additional 3,021 shares in the last quarter. Finally, Scout Investments Inc. raised its position in Casey’s General Stores by 34.3% in the 1st quarter. Scout Investments Inc. now owns 215,919 shares of the company’s stock valued at $46,680,000 after purchasing an additional 55,186 shares in the last quarter. 83.08% of the stock is currently owned by hedge funds and other institutional investors.

CASY has been the topic of a number of analyst reports. Raymond James reaffirmed a “market perform” rating on shares of Casey’s General Stores in a research report on Tuesday, April 13th. Deutsche Bank Aktiengesellschaft reduced their price target on Casey’s General Stores from $220.00 to $217.00 in a research report on Wednesday, March 10th. One analyst has rated the stock with a sell rating, five have issued a hold rating and six have given a buy rating to the stock. Casey’s General Stores has a consensus rating of “Hold” and a consensus price target of $208.10.

CASY opened at $223.26 on Wednesday. Casey’s General Stores, Inc. has a one year low of $139.41 and a one year high of $225.00. The company has a market cap of $8.25 billion, a P/E ratio of 25.31 and a beta of 0.88. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.85 and a current ratio of 1.30. The business’s 50-day simple moving average is $211.75 and its 200-day simple moving average is $193.02.

Casey’s General Stores (NASDAQ:CASY) last released its quarterly earnings data on Sunday, March 7th. The company reported $1.04 EPS for the quarter, beating analysts’ consensus estimates of $0.97 by $0.07. The business had revenue of $2.01 billion for the quarter, compared to the consensus estimate of $1.99 billion. Casey’s General Stores had a return on equity of 19.21% and a net margin of 3.92%. As a group, analysts predict that Casey’s General Stores, Inc. will post 7.95 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Monday, May 17th. Investors of record on Monday, May 3rd will be paid a dividend of $0.34 per share. The ex-dividend date of this dividend is Friday, April 30th. This represents a $1.36 dividend on an annualized basis and a yield of 0.61%. Casey’s General Stores’s dividend payout ratio is presently 19.15%.

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; beverages, tobacco, and nicotine products; health and beauty aids; automotive products; and other nonfood items.

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

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