Caseys General Stores, Inc. (NASDAQ:CASY) Position Cut by Aberdeen Asset Management PLC UK

Aberdeen Asset Management PLC UK lessened its stake in Caseys General Stores, Inc. (NASDAQ:CASY) by 1.7% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 330,042 shares of the company’s stock after selling 5,632 shares during the quarter. Aberdeen Asset Management PLC UK owned 0.86% of Caseys General Stores worth $35,351,000 at the end of the most recent reporting period.

Other institutional investors also recently added to or reduced their stakes in the company. Capstone Asset Management Co. boosted its holdings in Caseys General Stores by 13.5% during the first quarter. Capstone Asset Management Co. now owns 2,605 shares of the company’s stock worth $292,000 after purchasing an additional 310 shares during the last quarter. Janney Montgomery Scott LLC boosted its holdings in Caseys General Stores by 2.6% during the first quarter. Janney Montgomery Scott LLC now owns 5,450 shares of the company’s stock worth $612,000 after purchasing an additional 139 shares during the last quarter. Oregon Public Employees Retirement Fund boosted its holdings in Caseys General Stores by 1.5% during the first quarter. Oregon Public Employees Retirement Fund now owns 13,704 shares of the company’s stock worth $1,538,000 after purchasing an additional 200 shares during the last quarter. State Treasurer State of Michigan boosted its holdings in Caseys General Stores by 0.6% during the first quarter. State Treasurer State of Michigan now owns 15,900 shares of the company’s stock worth $1,785,000 after purchasing an additional 100 shares during the last quarter. Finally, World Asset Management Inc boosted its holdings in Caseys General Stores by 15.3% during the first quarter. World Asset Management Inc now owns 3,029 shares of the company’s stock worth $340,000 after purchasing an additional 402 shares during the last quarter. Institutional investors own 99.48% of the company’s stock.

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In other Caseys General Stores news, SVP John C. Soupene sold 1,000 shares of Caseys General Stores stock in a transaction that occurred on Tuesday, June 27th. The stock was sold at an average price of $106.52, for a total value of $106,520.00. Following the sale, the senior vice president now owns 1,253 shares of the company’s stock, valued at approximately $133,469.56. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 1.30% of the company’s stock.

Caseys General Stores, Inc. (NASDAQ:CASY) traded up 1.42% during midday trading on Friday, hitting $106.75. 652,688 shares of the stock were exchanged. The company’s 50 day moving average is $106.04 and its 200 day moving average is $109.37. Caseys General Stores, Inc. has a 1-year low of $99.76 and a 1-year high of $126.49. The company has a market capitalization of $4.11 billion, a P/E ratio of 23.83 and a beta of 0.50.

Caseys General Stores (NASDAQ:CASY) last released its quarterly earnings data on Tuesday, September 5th. The company reported $1.46 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $1.46. Caseys General Stores had a return on equity of 13.99% and a net margin of 2.19%. The business had revenue of $2.09 billion for the quarter, compared to the consensus estimate of $2.16 billion. During the same quarter in the previous year, the company posted $1.70 EPS. The company’s revenue was up 6.3% compared to the same quarter last year. Analysts predict that Caseys General Stores, Inc. will post $4.40 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 15th. Shareholders of record on Wednesday, November 1st will be paid a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a yield of 0.97%. The ex-dividend date is Tuesday, October 31st. Caseys General Stores’s payout ratio is 24.53%.

Several analysts have issued reports on CASY shares. Zacks Investment Research lowered shares of Caseys General Stores from a “hold” rating to a “sell” rating in a research report on Friday, June 2nd. Jefferies Group LLC set a $139.00 price target on shares of Caseys General Stores and gave the stock a “buy” rating in a research report on Saturday, July 22nd. Royal Bank Of Canada set a $116.00 price objective on shares of Caseys General Stores and gave the company a “hold” rating in a research report on Monday, August 28th. William Blair started coverage on shares of Caseys General Stores in a research report on Wednesday, July 12th. They issued an “outperform” rating on the stock. Finally, Sidoti lowered shares of Caseys General Stores from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $130.00 to $118.00 in a research report on Tuesday, June 6th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company’s stock. Caseys General Stores presently has a consensus rating of “Hold” and an average target price of $115.29.

Caseys General Stores Company Profile

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.

Institutional Ownership by Quarter for Caseys General Stores (NASDAQ:CASY)

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