Sterling Capital Management LLC Has $11.72 Million Stock Position in Casey’s General Stores, Inc. $CASY

Sterling Capital Management LLC decreased its stake in Casey’s General Stores, Inc. (NASDAQ:CASY) by 3.6% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 22,977 shares of the company’s stock after selling 849 shares during the quarter. Sterling Capital Management LLC owned 0.06% of Casey’s General Stores worth $11,724,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Crossmark Global Holdings Inc. raised its stake in Casey’s General Stores by 15.5% during the 1st quarter. Crossmark Global Holdings Inc. now owns 745 shares of the company’s stock worth $323,000 after buying an additional 100 shares during the period. M&T Bank Corp grew its stake in Casey’s General Stores by 39.6% in the first quarter. M&T Bank Corp now owns 2,515 shares of the company’s stock valued at $1,092,000 after acquiring an additional 713 shares during the period. DekaBank Deutsche Girozentrale increased its holdings in shares of Casey’s General Stores by 201.4% in the first quarter. DekaBank Deutsche Girozentrale now owns 26,862 shares of the company’s stock worth $11,433,000 after acquiring an additional 17,951 shares in the last quarter. Linden Thomas Advisory Services LLC raised its position in shares of Casey’s General Stores by 9.5% during the first quarter. Linden Thomas Advisory Services LLC now owns 3,507 shares of the company’s stock worth $1,522,000 after purchasing an additional 303 shares during the period. Finally, Allworth Financial LP lifted its holdings in shares of Casey’s General Stores by 10.8% during the 1st quarter. Allworth Financial LP now owns 654 shares of the company’s stock valued at $293,000 after purchasing an additional 64 shares in the last quarter. 85.63% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Casey’s General Stores news, insider Chad Michael Frazell sold 3,487 shares of the company’s stock in a transaction on Monday, September 29th. The shares were sold at an average price of $555.40, for a total value of $1,936,679.80. Following the transaction, the insider directly owned 7,993 shares in the company, valued at $4,439,312.20. The trade was a 30.37% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.54% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently weighed in on CASY shares. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Casey’s General Stores in a research note on Wednesday, October 8th. BMO Capital Markets boosted their price target on Casey’s General Stores from $515.00 to $540.00 and gave the company a “market perform” rating in a report on Wednesday, September 10th. Jefferies Financial Group increased their price objective on Casey’s General Stores from $575.00 to $600.00 and gave the stock a “buy” rating in a report on Tuesday, September 9th. Stephens reissued an “overweight” rating and issued a $570.00 target price on shares of Casey’s General Stores in a research report on Wednesday, October 8th. Finally, The Goldman Sachs Group upped their price target on Casey’s General Stores from $450.00 to $490.00 and gave the stock a “neutral” rating in a research report on Wednesday, September 10th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $564.00.

Casey’s General Stores Stock Performance

Shares of CASY stock opened at $523.08 on Friday. The company has a fifty day moving average price of $540.88 and a two-hundred day moving average price of $506.77. Casey’s General Stores, Inc. has a one year low of $372.08 and a one year high of $572.18. The stock has a market cap of $19.45 billion, a P/E ratio of 33.57 and a beta of 0.66. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.03 and a quick ratio of 0.61.

Casey’s General Stores (NASDAQ:CASY) last issued its earnings results on Monday, September 8th. The company reported $5.77 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.02 by $0.75. The business had revenue of $4.57 billion during the quarter, compared to the consensus estimate of $4.47 billion. Casey’s General Stores had a net margin of 3.54% and a return on equity of 16.73%. Casey’s General Stores’s revenue was up 11.5% on a year-over-year basis. During the same period last year, the business posted $4.83 EPS. As a group, equities analysts predict that Casey’s General Stores, Inc. will post 13.94 EPS for the current year.

Casey’s General Stores Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 14th. Investors of record on Saturday, November 1st will be issued a dividend of $0.57 per share. The ex-dividend date of this dividend is Friday, October 31st. This represents a $2.28 dividend on an annualized basis and a dividend yield of 0.4%. Casey’s General Stores’s payout ratio is presently 14.63%.

Casey’s General Stores Profile

Casey’s General Stores, Inc engages in the provision of management and operation of convenience stores and gasoline stations. It provides self-service gasoline, a wide selection of grocery items, and an array of freshly prepared food items. The firm offers food, beverages, tobacco products, health and beauty aids, automotive products, and other non-food items.