AE Wealth Management LLC lowered its stake in Casey’s General Stores Inc (NASDAQ:CASY) by 3.5% during the first quarter, Holdings Channel.com reports. The fund owned 3,641 shares of the company’s stock after selling 131 shares during the period. AE Wealth Management LLC’s holdings in Casey’s General Stores were worth $482,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the stock. Janus Henderson Group PLC increased its position in shares of Casey’s General Stores by 1.7% in the fourth quarter. Janus Henderson Group PLC now owns 1,173,272 shares of the company’s stock valued at $186,539,000 after acquiring an additional 20,020 shares during the last quarter. Robeco Institutional Asset Management B.V. increased its position in shares of Casey’s General Stores by 4.2% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 515,287 shares of the company’s stock valued at $81,923,000 after acquiring an additional 20,958 shares during the last quarter. Norges Bank bought a new position in Casey’s General Stores during the fourth quarter worth about $81,608,000. Alliancebernstein L.P. grew its holdings in Casey’s General Stores by 34.7% during the fourth quarter. Alliancebernstein L.P. now owns 493,461 shares of the company’s stock worth $78,455,000 after purchasing an additional 127,216 shares during the period. Finally, AQR Capital Management LLC grew its holdings in Casey’s General Stores by 10.0% during the fourth quarter. AQR Capital Management LLC now owns 433,149 shares of the company’s stock worth $68,866,000 after purchasing an additional 39,524 shares during the period. 86.12% of the stock is currently owned by institutional investors and hedge funds.

A number of equities analysts recently commented on the company. Sanford C. Bernstein assumed coverage on Casey’s General Stores in a report on Tuesday, March 10th. They set a “market perform” rating and a $175.00 price target for the company. Royal Bank of Canada restated a “hold” rating and set a $158.00 price objective on shares of Casey’s General Stores in a report on Monday, April 6th. Zacks Investment Research upgraded Casey’s General Stores from a “sell” rating to a “hold” rating and set a $155.00 price objective for the company in a report on Friday, May 8th. Sidoti boosted their price objective on Casey’s General Stores from $156.00 to $176.00 and gave the stock a “buy” rating in a report on Tuesday, April 21st. Finally, BidaskClub cut Casey’s General Stores from a “buy” rating to a “hold” rating in a report on Tuesday, March 24th. Twelve analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $165.91.

Shares of CASY opened at $150.33 on Friday. Casey’s General Stores Inc has a one year low of $114.01 and a one year high of $181.99. The company has a market cap of $5.45 billion, a P/E ratio of 24.60, a P/E/G ratio of 3.22 and a beta of 0.75. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.35 and a quick ratio of 0.11. The firm has a 50 day simple moving average of $145.77 and a two-hundred day simple moving average of $159.89.

Casey’s General Stores (NASDAQ:CASY) last announced its quarterly earnings data on Monday, March 9th. The company reported $0.91 EPS for the quarter, beating the consensus estimate of $0.89 by $0.02. Casey’s General Stores had a net margin of 2.38% and a return on equity of 15.01%. The business had revenue of $2.25 billion during the quarter, compared to the consensus estimate of $2.28 billion. During the same period in the previous year, the business earned $1.13 earnings per share. The company’s revenue was up 9.8% on a year-over-year basis. On average, analysts expect that Casey’s General Stores Inc will post 6.76 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 15th. Shareholders of record on Friday, May 1st were given a dividend of $0.32 per share. The ex-dividend date was Thursday, April 30th. This represents a $1.28 annualized dividend and a yield of 0.85%. Casey’s General Stores’s dividend payout ratio is currently 23.23%.

In other news, CFO William J. Walljasper sold 2,000 shares of the company’s stock in a transaction on Tuesday, March 17th. The shares were sold at an average price of $163.99, for a total transaction of $327,980.00. Following the completion of the transaction, the chief financial officer now directly owns 21,581 shares in the company, valued at $3,539,068.19. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Brian Joseph Johnson sold 8,000 shares of the company’s stock in a transaction on Wednesday, March 18th. The stock was sold at an average price of $168.07, for a total transaction of $1,344,560.00. Following the transaction, the senior vice president now owns 18,817 shares of the company’s stock, valued at $3,162,573.19. The disclosure for this sale can be found here. 0.41% of the stock is owned by insiders.

About Casey’s General Stores

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.

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

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