Dimensional Fund Advisors LP Cuts Holdings in Casey’s General Stores Inc (CASY)

Dimensional Fund Advisors LP trimmed its holdings in Casey’s General Stores Inc (NASDAQ:CASY) by 3.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 704,579 shares of the company’s stock after selling 27,125 shares during the period. Dimensional Fund Advisors LP’s holdings in Casey’s General Stores were worth $90,283,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Enlightenment Research LLC acquired a new stake in shares of Casey’s General Stores in the fourth quarter valued at approximately $26,000. Mckinley Capital Management LLC Delaware acquired a new stake in shares of Casey’s General Stores in the fourth quarter valued at approximately $29,000. Benjamin F. Edwards & Company Inc. acquired a new stake in shares of Casey’s General Stores in the fourth quarter valued at approximately $150,000. Quantamental Technologies LLC acquired a new stake in shares of Casey’s General Stores in the fourth quarter valued at approximately $265,000. Finally, Parametrica Management Ltd acquired a new stake in shares of Casey’s General Stores in the fourth quarter valued at approximately $265,000. Institutional investors own 89.95% of the company’s stock.

A number of equities research analysts have recently weighed in on the stock. BidaskClub upgraded shares of Casey’s General Stores from a “sell” rating to a “hold” rating in a research report on Friday, May 10th. JPMorgan Chase & Co. assumed coverage on shares of Casey’s General Stores in a research report on Thursday, April 25th. They issued a “neutral” rating and a $140.00 price target for the company. Gabelli reiterated a “buy” rating on shares of Casey’s General Stores in a research report on Wednesday, March 13th. Finally, Zacks Investment Research downgraded shares of Casey’s General Stores from a “buy” rating to a “hold” rating in a research report on Tuesday. Eight research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Casey’s General Stores presently has a consensus rating of “Hold” and an average target price of $137.30.

In other Casey’s General Stores news, SVP Julia L. Jackowski sold 12,500 shares of the business’s stock in a transaction on Wednesday, March 27th. The shares were sold at an average price of $125.95, for a total transaction of $1,574,375.00. Following the sale, the senior vice president now owns 32,944 shares of the company’s stock, valued at $4,149,296.80. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Terry W. Handley sold 5,000 shares of the business’s stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $130.05, for a total transaction of $650,250.00. Following the sale, the insider now directly owns 36,945 shares in the company, valued at approximately $4,804,697.25. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 20,500 shares of company stock valued at $2,602,775. Company insiders own 0.72% of the company’s stock.

Shares of CASY opened at $131.74 on Friday. Casey’s General Stores Inc has a one year low of $90.42 and a one year high of $138.45. The company has a market cap of $4.89 billion, a price-to-earnings ratio of 25.02, a PEG ratio of 2.45 and a beta of 0.45. The company has a debt-to-equity ratio of 0.93, a current ratio of 0.76 and a quick ratio of 0.22.

Casey’s General Stores (NASDAQ:CASY) last announced its quarterly earnings data on Monday, March 11th. The company reported $1.13 EPS for the quarter, beating the consensus estimate of $0.95 by $0.18. Casey’s General Stores had a net margin of 2.14% and a return on equity of 14.89%. The business had revenue of $2.05 billion during the quarter, compared to the consensus estimate of $2.20 billion. On average, sell-side analysts anticipate that Casey’s General Stores Inc will post 5.16 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, May 15th. Shareholders of record on Wednesday, May 1st were given a dividend of $0.29 per share. The ex-dividend date of this dividend was Tuesday, April 30th. This represents a $1.16 annualized dividend and a yield of 0.88%. Casey’s General Stores’s dividend payout ratio is currently 30.45%.

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Casey’s General Stores Company 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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