Royce & Associates LP purchased a new position in shares of Casey’s General Stores Inc. (NASDAQ:CASY) during the second quarter, Holdings Channel reports. The firm purchased 6,200 shares of the company’s stock, valued at approximately $815,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Norges Bank acquired a new position in shares of Casey’s General Stores during the fourth quarter worth approximately $39,580,000. Acadian Asset Management LLC raised its position in Casey’s General Stores by 29.2% in the first quarter. Acadian Asset Management LLC now owns 251,439 shares of the company’s stock worth $28,493,000 after buying an additional 56,883 shares during the period. Boston Advisors LLC bought a new position in Casey’s General Stores during the first quarter worth $528,000. Glenmede Trust Co. NA raised its position in Casey’s General Stores by 24.2% in the first quarter. Glenmede Trust Co. NA now owns 5,007 shares of the company’s stock worth $567,000 after buying an additional 974 shares during the period. Finally, Investment Centers of America Inc. raised its position in Casey’s General Stores by 55.9% in the first quarter. Investment Centers of America Inc. now owns 10,555 shares of the company’s stock worth $1,190,000 after buying an additional 3,784 shares during the period. 83.54% of the stock is currently owned by institutional investors.

Shares of Casey’s General Stores Inc. (NASDAQ:CASY) traded down 0.53% during mid-day trading on Tuesday, reaching $119.08. The company had a trading volume of 309,334 shares. The firm’s 50 day moving average is $129.48 and its 200-day moving average is $120.78. Casey’s General Stores Inc. has a 12-month low of $98.80 and a 12-month high of $136.22. The stock has a market capitalization of $4.67 billion, a P/E ratio of 20.32 and a beta of 0.50.

Casey’s General Stores (NASDAQ:CASY) last issued its quarterly earnings results on Tuesday, September 6th. The company reported $1.70 EPS for the quarter, missing the consensus estimate of $1.81 by $0.11. Casey’s General Stores had a net margin of 3.29% and a return on equity of 21.62%. The company had revenue of $1.97 billion for the quarter. During the same period in the previous year, the business earned $1.57 earnings per share. The business’s revenue was down 3.8% on a year-over-year basis. On average, analysts expect that Casey’s General Stores Inc. will post $5.66 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, November 15th. Investors of record on Tuesday, November 1st will be given a dividend of $0.24 per share. The ex-dividend date is Friday, October 28th. This represents a $0.96 annualized dividend and a yield of 0.80%. Casey’s General Stores’s dividend payout ratio (DPR) is presently 16.38%.

A number of research firms recently weighed in on CASY. Jefferies Group increased their price target on Casey’s General Stores from $113.00 to $137.00 and gave the company a “hold” rating in a research report on Monday, August 22nd. Deutsche Bank AG raised their price objective on Casey’s General Stores from $130.00 to $141.00 and gave the stock a “buy” rating in a research report on Friday, August 19th. Bank of America Corp. assumed coverage on Casey’s General Stores in a research note on Monday, July 25th. They set a “buy” rating and a $150.00 price target for the company. Goldman Sachs Group Inc. raised their price target on Casey’s General Stores from $145.00 to $149.00 and gave the stock a “buy” rating in a research note on Tuesday, September 6th. Finally, RBC Capital Markets reaffirmed an “outperform” rating and set a $145.00 price target (up from $139.00) on shares of Casey’s General Stores in a research note on Saturday, September 3rd. Four research analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company’s stock. Casey’s General Stores has a consensus rating of “Buy” and an average target price of $138.44.

In other Casey’s General Stores news, Director Jeffrey M. Lamberti sold 8,400 shares of the company’s stock in a transaction that occurred on Wednesday, June 22nd. The stock was sold at an average price of $118.21, for a total value of $992,964.00. Following the sale, the director now owns 32,875 shares in the company, valued at $3,886,153.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Julia L. Jackowski sold 3,000 shares of the company’s stock in a transaction that occurred on Wednesday, June 29th. The shares were sold at an average price of $127.75, for a total value of $383,250.00. Following the completion of the sale, the senior vice president now owns 21,939 shares in the company, valued at approximately $2,802,707.25. The disclosure for this sale can be found here. Corporate insiders own 1.30% of the company’s stock.

About Casey’s General Stores

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.

5 Day Chart for NASDAQ:CASY

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