Casey’s General Stores Inc (CASY) Shares Bought by Dimensional Fund Advisors LP

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Dimensional Fund Advisors LP boosted its holdings in shares of Casey’s General Stores Inc (NASDAQ:CASY) by 43.1% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 658,071 shares of the company’s stock after buying an additional 198,263 shares during the period. Dimensional Fund Advisors LP’s holdings in Casey’s General Stores were worth $69,152,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of CASY. Wells Fargo & Company MN boosted its stake in Casey’s General Stores by 10.2% during the first quarter. Wells Fargo & Company MN now owns 164,618 shares of the company’s stock valued at $18,071,000 after buying an additional 15,216 shares during the period. Swiss National Bank boosted its stake in Casey’s General Stores by 1.8% during the first quarter. Swiss National Bank now owns 66,487 shares of the company’s stock valued at $7,298,000 after buying an additional 1,200 shares during the period. Schwab Charles Investment Management Inc. boosted its stake in Casey’s General Stores by 3.8% during the first quarter. Schwab Charles Investment Management Inc. now owns 155,027 shares of the company’s stock valued at $17,018,000 after buying an additional 5,732 shares during the period. BlackRock Inc. boosted its stake in Casey’s General Stores by 1.2% during the first quarter. BlackRock Inc. now owns 3,076,859 shares of the company’s stock valued at $337,749,000 after buying an additional 36,294 shares during the period. Finally, BTC Capital Management Inc. bought a new stake in Casey’s General Stores during the first quarter valued at $807,000. 95.71% of the stock is owned by institutional investors.

In other Casey’s General Stores news, SVP Brian Joseph Johnson sold 1,500 shares of Casey’s General Stores stock in a transaction dated Wednesday, September 12th. The stock was sold at an average price of $127.43, for a total transaction of $191,145.00. Following the completion of the sale, the senior vice president now owns 10,471 shares of the company’s stock, valued at $1,334,319.53. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 0.72% of the company’s stock.

Shares of CASY stock opened at $127.17 on Thursday. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.77 and a quick ratio of 0.27. Casey’s General Stores Inc has a 12-month low of $90.42 and a 12-month high of $130.50. The stock has a market cap of $4.68 billion, a price-to-earnings ratio of 30.64, a PEG ratio of 3.04 and a beta of 0.55.

Casey’s General Stores (NASDAQ:CASY) last issued its quarterly earnings results on Monday, September 10th. The company reported $1.90 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.67 by $0.23. Casey’s General Stores had a return on equity of 12.38% and a net margin of 3.73%. The firm had revenue of $2.59 billion during the quarter, compared to analyst estimates of $2.57 billion. During the same quarter in the previous year, the company posted $1.46 earnings per share. The company’s revenue was up 23.6% compared to the same quarter last year. equities research analysts anticipate that Casey’s General Stores Inc will post 4.59 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, November 15th. Shareholders of record on Thursday, November 1st will be paid a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a yield of 0.91%. The ex-dividend date of this dividend is Wednesday, October 31st. Casey’s General Stores’s dividend payout ratio (DPR) is currently 30.45%.

Several research firms recently issued reports on CASY. Northcoast Research raised Casey’s General Stores from a “neutral” rating to a “buy” rating in a research note on Tuesday. Jefferies Financial Group lifted their price target on Casey’s General Stores from $134.00 to $142.00 and gave the stock a “buy” rating in a research note on Wednesday, September 12th. Royal Bank of Canada set a $130.00 price target on Casey’s General Stores and gave the stock a “hold” rating in a research note on Wednesday, September 12th. Deutsche Bank lifted their price target on Casey’s General Stores to $142.00 and gave the stock a “buy” rating in a research note on Wednesday, September 12th. Finally, Wells Fargo & Co lifted their price target on Casey’s General Stores from $97.00 to $120.00 and gave the stock a “market perform” rating in a research note on Wednesday, September 12th. Six equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Casey’s General Stores presently has a consensus rating of “Buy” and a consensus price target of $132.78.

About Casey’s General Stores

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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