First Eagle Investment Management LLC Has $35.84 Million Holdings in Caseys General Stores, Inc. (CASY)

First Eagle Investment Management LLC lessened its holdings in shares of Caseys General Stores, Inc. (NASDAQ:CASY) by 15.3% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 327,439 shares of the company’s stock after selling 59,188 shares during the period. First Eagle Investment Management LLC owned about 0.86% of Caseys General Stores worth $35,838,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the business. Teacher Retirement System of Texas lifted its holdings in shares of Caseys General Stores by 0.5% during the 2nd quarter. Teacher Retirement System of Texas now owns 3,126 shares of the company’s stock worth $335,000 after acquiring an additional 16 shares during the period. Bank of Montreal Can lifted its holdings in shares of Caseys General Stores by 0.3% during the 2nd quarter. Bank of Montreal Can now owns 5,264 shares of the company’s stock worth $564,000 after acquiring an additional 18 shares during the period. Neuberger Berman Group LLC lifted its holdings in shares of Caseys General Stores by 0.9% during the 2nd quarter. Neuberger Berman Group LLC now owns 2,474 shares of the company’s stock worth $265,000 after acquiring an additional 23 shares during the period. Pacer Advisors Inc. lifted its holdings in shares of Caseys General Stores by 0.8% during the 2nd quarter. Pacer Advisors Inc. now owns 5,565 shares of the company’s stock worth $596,000 after acquiring an additional 44 shares during the period. Finally, Wesbanco Bank Inc. lifted its holdings in shares of Caseys General Stores by 2.9% during the 2nd quarter. Wesbanco Bank Inc. now owns 3,223 shares of the company’s stock worth $345,000 after acquiring an additional 91 shares during the period. Hedge funds and other institutional investors own 98.58% of the company’s stock.

In other news, SVP Brian Joseph Johnson sold 1,000 shares of the stock in a transaction on Friday, September 22nd. The shares were sold at an average price of $108.01, for a total transaction of $108,010.00. Following the completion of the sale, the senior vice president now directly owns 8,229 shares in the company, valued at $888,814.29. The transaction was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 1.30% of the company’s stock.

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Caseys General Stores, Inc. (CASY) traded up $0.36 during mid-day trading on Wednesday, hitting $115.98. 207,600 shares of the stock traded hands, compared to its average volume of 492,888. The company has a market capitalization of $4,381.66, a P/E ratio of 27.27, a P/E/G ratio of 2.48 and a beta of 0.45. Caseys General Stores, Inc. has a 12-month low of $99.76 and a 12-month high of $126.49. The company has a debt-to-equity ratio of 0.91, a current ratio of 0.99 and a quick ratio of 0.48.

Caseys General Stores (NASDAQ:CASY) last posted its quarterly earnings data on Tuesday, September 5th. The company reported $1.46 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.46. Caseys General Stores had a net margin of 2.19% and a return on equity of 13.99%. The company had revenue of $2.09 billion during the quarter, compared to analysts’ expectations of $2.16 billion. During the same period in the prior year, the company posted $1.70 earnings per share. Caseys General Stores’s revenue for the quarter was up 6.3% compared to the same quarter last year. sell-side analysts expect that Caseys General Stores, Inc. will post 4.31 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 15th. Stockholders of record on Wednesday, November 1st will be given a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a dividend yield of 0.90%. The ex-dividend date is Tuesday, October 31st. Caseys General Stores’s dividend payout ratio (DPR) is presently 24.53%.

Several equities analysts recently commented on CASY shares. Zacks Investment Research raised shares of Caseys General Stores from a “sell” rating to a “hold” rating in a research note on Monday, August 14th. BidaskClub downgraded shares of Caseys General Stores from a “hold” rating to a “sell” rating in a research note on Thursday, August 17th. Jefferies Group LLC set a $139.00 price objective on shares of Caseys General Stores and gave the company a “buy” rating in a research note on Friday, August 25th. Finally, Royal Bank Of Canada set a $118.00 price objective on shares of Caseys General Stores and gave the company a “hold” rating in a research note on Sunday, August 13th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. Caseys General Stores has a consensus rating of “Hold” and an average price target of $115.29.

About Caseys 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.

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

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