PNC Financial Services Group Inc. lessened its stake in Caseys General Stores, Inc. (NASDAQ:CASY) by 42.5% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 8,192 shares of the company’s stock after selling 6,044 shares during the period. PNC Financial Services Group Inc.’s holdings in Caseys General Stores were worth $877,000 at the end of the most recent quarter.
Other institutional investors also recently added to or reduced their stakes in the company. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Caseys General Stores by 46.7% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,779 shares of the company’s stock worth $191,000 after purchasing an additional 566 shares in the last quarter. Engine Capital Management LLC boosted its position in Caseys General Stores by 740.3% in the 1st quarter. Engine Capital Management LLC now owns 2,000 shares of the company’s stock worth $225,000 after purchasing an additional 1,762 shares in the last quarter. Neuberger Berman Group LLC boosted its position in Caseys General Stores by 0.9% in the 2nd quarter. Neuberger Berman Group LLC now owns 2,474 shares of the company’s stock worth $265,000 after purchasing an additional 23 shares in the last quarter. Denver Investment Advisors LLC boosted its position in Caseys General Stores by 24.5% in the 2nd quarter. Denver Investment Advisors LLC now owns 2,540 shares of the company’s stock worth $272,000 after purchasing an additional 500 shares in the last quarter. Finally, State of Alaska Department of Revenue boosted its position in Caseys General Stores by 6.3% in the 2nd quarter. State of Alaska Department of Revenue now owns 2,562 shares of the company’s stock worth $274,000 after purchasing an additional 151 shares in the last quarter. Institutional investors and hedge funds own 99.83% of the company’s stock.
Caseys General Stores, Inc. (NASDAQ:CASY) opened at 109.98 on Wednesday. Caseys General Stores, Inc. has a 12 month low of $99.76 and a 12 month high of $126.49. The stock has a market cap of $4.17 billion, a price-to-earnings ratio of 25.99 and a beta of 0.51. The stock’s 50 day moving average price is $107.52 and its 200-day moving average price is $109.11.
Caseys General Stores (NASDAQ:CASY) last posted its earnings results on Tuesday, September 5th. The company reported $1.46 EPS for the quarter, hitting the Zacks’ consensus estimate of $1.46. The company had revenue of $2.09 billion for the quarter, compared to the consensus estimate of $2.16 billion. Caseys General Stores had a return on equity of 13.99% and a net margin of 2.19%. Caseys General Stores’s quarterly revenue was up 6.3% compared to the same quarter last year. During the same period in the previous year, the business earned $1.70 earnings per share. Equities research analysts predict that Caseys General Stores, Inc. will post $4.40 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 15th. Shareholders of record on Wednesday, November 1st will be given a dividend of $0.26 per share. The ex-dividend date is Tuesday, October 31st. This represents a $1.04 dividend on an annualized basis and a yield of 0.95%. Caseys General Stores’s payout ratio is 24.53%.
In other Caseys General Stores news, SVP Brian Joseph Johnson sold 1,000 shares of the business’s stock in a transaction on Friday, September 22nd. The stock was sold at an average price of $108.01, for a total transaction of $108,010.00. Following 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 document filed with the SEC, which can be accessed through the SEC website. 1.30% of the stock is currently owned by insiders.
Several research firms have commented on CASY. BidaskClub upgraded Caseys General Stores from a “sell” rating to a “hold” rating in a research report on Saturday, August 5th. Zacks Investment Research upgraded Caseys General Stores from a “sell” rating to a “hold” rating in a research report on Friday, August 4th. Jefferies Group LLC restated a “buy” rating and issued a $139.00 price objective on shares of Caseys General Stores in a research report on Tuesday, June 20th. Finally, Royal Bank Of Canada set a $118.00 price objective on Caseys General Stores and gave the stock a “hold” rating in a research report on Sunday, August 13th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. The stock 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.
Receive News & Ratings for Caseys General Stores Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Caseys General Stores Inc. and related companies with MarketBeat.com's FREE daily email newsletter.