Tower Research Capital LLC TRC Decreases Stock Position in Casey’s General Stores Inc (NASDAQ:CASY)

Tower Research Capital LLC TRC cut its stake in shares of Casey’s General Stores Inc (NASDAQ:CASY) by 48.6% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 288 shares of the company’s stock after selling 272 shares during the period. Tower Research Capital LLC TRC’s holdings in Casey’s General Stores were worth $46,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Vanguard Group Inc. raised its stake in Casey’s General Stores by 2.1% during the 2nd quarter. Vanguard Group Inc. now owns 3,732,899 shares of the company’s stock valued at $582,295,000 after buying an additional 76,321 shares during the last quarter. BlackRock Inc. raised its stake in Casey’s General Stores by 2.0% during the 2nd quarter. BlackRock Inc. now owns 3,289,827 shares of the company’s stock valued at $513,180,000 after buying an additional 65,801 shares during the last quarter. Carillon Tower Advisers Inc. raised its stake in Casey’s General Stores by 29.1% during the 2nd quarter. Carillon Tower Advisers Inc. now owns 830,521 shares of the company’s stock valued at $129,553,000 after buying an additional 187,330 shares during the last quarter. Scout Investments Inc. raised its stake in Casey’s General Stores by 114.5% during the 3rd quarter. Scout Investments Inc. now owns 529,288 shares of the company’s stock valued at $85,300,000 after buying an additional 282,484 shares during the last quarter. Finally, Victory Capital Management Inc. raised its stake in Casey’s General Stores by 10.1% during the 2nd quarter. Victory Capital Management Inc. now owns 447,014 shares of the company’s stock valued at $69,730,000 after buying an additional 40,998 shares during the last quarter. Institutional investors and hedge funds own 86.23% of the company’s stock.

NASDAQ:CASY opened at $176.63 on Tuesday. The company has a debt-to-equity ratio of 0.88, a current ratio of 0.76 and a quick ratio of 0.29. The firm has a market capitalization of $6.39 billion, a price-to-earnings ratio of 32.06, a price-to-earnings-growth ratio of 3.03 and a beta of 0.52. Casey’s General Stores Inc has a one year low of $116.23 and a one year high of $176.90. The business has a fifty day moving average price of $168.95 and a 200-day moving average price of $160.15.

Casey’s General Stores (NASDAQ:CASY) last posted its quarterly earnings data on Monday, September 9th. The company reported $2.31 EPS for the quarter, topping the consensus estimate of $2.03 by $0.28. The firm had revenue of $2.63 billion during the quarter, compared to analyst estimates of $2.59 billion. Casey’s General Stores had a return on equity of 15.55% and a net margin of 2.34%. Casey’s General Stores’s revenue was up 1.5% on a year-over-year basis. During the same period in the prior year, the business posted $1.90 EPS. On average, equities research analysts expect that Casey’s General Stores Inc will post 6.31 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Friday, November 1st were paid a $0.32 dividend. The ex-dividend date was Thursday, October 31st. This represents a $1.28 annualized dividend and a dividend yield of 0.72%. Casey’s General Stores’s dividend payout ratio (DPR) is 23.23%.

A number of equities research analysts have weighed in on the stock. Wells Fargo & Co boosted their target price on shares of Casey’s General Stores from $145.00 to $165.00 and gave the company a “market perform” rating in a research note on Wednesday, September 11th. ValuEngine lowered shares of Casey’s General Stores from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. Sidoti boosted their target price on shares of Casey’s General Stores from $166.00 to $174.00 and gave the company a “neutral” rating in a research note on Thursday, September 19th. Deutsche Bank boosted their target price on shares of Casey’s General Stores from $166.00 to $185.00 and gave the company a “buy” rating in a research note on Tuesday, September 3rd. Finally, Gabelli lowered shares of Casey’s General Stores from a “buy” rating to a “hold” rating in a research note on Wednesday, August 7th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and three have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $172.80.

In other news, Director Allison M. Wing sold 554 shares of the company’s stock in a transaction on Monday, September 23rd. The stock was sold at an average price of $165.91, for a total value of $91,914.14. Following the completion of the sale, the director now directly owns 998 shares in the company, valued at approximately $165,578.18. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.41% of the company’s stock.

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; 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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