New York State Common Retirement Fund Reduces Stock Holdings in Casey's General Stores, Inc. (NASDAQ:CASY)

New York State Common Retirement Fund decreased its position in Casey's General Stores, Inc. (NASDAQ:CASY - Free Report) by 50.3% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 15,017 shares of the company's stock after selling 15,200 shares during the quarter. New York State Common Retirement Fund's holdings in Casey's General Stores were worth $6,518,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in the company. Applied Capital LLC FL raised its stake in Casey's General Stores by 4.4% in the 1st quarter. Applied Capital LLC FL now owns 659 shares of the company's stock valued at $286,000 after purchasing an additional 28 shares during the last quarter. Xponance Inc. raised its stake in Casey's General Stores by 1.7% in the 1st quarter. Xponance Inc. now owns 4,927 shares of the company's stock valued at $2,139,000 after purchasing an additional 81 shares during the last quarter. Genus Capital Management Inc. grew its holdings in Casey's General Stores by 224.0% in the 1st quarter. Genus Capital Management Inc. now owns 3,100 shares of the company's stock valued at $1,346,000 after buying an additional 5,600 shares during the period. State of Michigan Retirement System grew its holdings in Casey's General Stores by 1.1% in the 1st quarter. State of Michigan Retirement System now owns 8,921 shares of the company's stock valued at $3,872,000 after buying an additional 100 shares during the period. Finally, Alps Advisors Inc. grew its holdings in Casey's General Stores by 6.4% in the 1st quarter. Alps Advisors Inc. now owns 9,446 shares of the company's stock valued at $4,100,000 after buying an additional 569 shares during the period. Institutional investors and hedge funds own 85.63% of the company's stock.

Insider Buying and Selling at Casey's General Stores

In related news, CEO Darren M. Rebelez sold 20,000 shares of the firm's stock in a transaction on Tuesday, June 17th. The shares were sold at an average price of $507.83, for a total transaction of $10,156,600.00. Following the completion of the sale, the chief executive officer directly owned 89,840 shares of the company's stock, valued at approximately $45,623,447.20. This trade represents a 18.21% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Katrina S. Lindsey sold 2,000 shares of the firm's stock in a transaction on Tuesday, June 17th. The shares were sold at an average price of $506.07, for a total transaction of $1,012,140.00. Following the sale, the insider directly owned 4,636 shares of the company's stock, valued at approximately $2,346,140.52. The trade was a 30.14% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 43,646 shares of company stock worth $22,136,614. 0.56% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several analysts have commented on CASY shares. Stephens restated an "overweight" rating and issued a $490.00 price target on shares of Casey's General Stores in a report on Tuesday, June 10th. BMO Capital Markets lifted their price target on Casey's General Stores from $450.00 to $515.00 and gave the company a "market perform" rating in a report on Wednesday, June 11th. Wall Street Zen upgraded Casey's General Stores from a "hold" rating to a "buy" rating in a report on Saturday, June 14th. The Goldman Sachs Group lifted their price target on Casey's General Stores from $385.00 to $450.00 and gave the company a "neutral" rating in a report on Wednesday, June 11th. Finally, Royal Bank Of Canada lifted their price target on Casey's General Stores from $468.00 to $542.00 and gave the company a "sector perform" rating in a report on Wednesday, July 9th. One research analyst has rated the stock with a sell rating, three have given a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat, Casey's General Stores currently has a consensus rating of "Moderate Buy" and a consensus price target of $465.25.

Casey's General Stores Price Performance

CASY stock opened at $510.25 on Monday. The firm has a market cap of $18.97 billion, a P/E ratio of 34.85 and a beta of 0.69. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.48 and a current ratio of 0.92. Casey's General Stores, Inc. has a 1 year low of $350.52 and a 1 year high of $526.82. The stock has a 50-day simple moving average of $483.00 and a 200-day simple moving average of $444.03.

Casey's General Stores (NASDAQ:CASY - Get Free Report) last issued its quarterly earnings data on Monday, June 9th. The company reported $2.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.94 by $0.69. Casey's General Stores had a net margin of 3.43% and a return on equity of 16.28%. The company had revenue of $3.99 billion during the quarter, compared to the consensus estimate of $3.95 billion. During the same quarter last year, the company earned $2.34 earnings per share. Casey's General Stores's revenue for the quarter was up 10.9% on a year-over-year basis. On average, equities analysts predict that Casey's General Stores, Inc. will post 13.94 earnings per share for the current fiscal year.

Casey's General Stores Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, August 15th. Investors of record on Friday, August 1st will be issued a dividend of $0.57 per share. This represents a $2.28 dividend on an annualized basis and a yield of 0.45%. This is a positive change from Casey's General Stores's previous quarterly dividend of $0.50. The ex-dividend date is Friday, August 1st. Casey's General Stores's dividend payout ratio (DPR) is presently 13.66%.

Casey's General Stores Profile

Casey's General Stores, Inc engages in the provision of management and operation of convenience stores and gasoline stations. It provides self-service gasoline, a wide selection of grocery items, and an array of freshly prepared food items. The firm offers food, beverages, tobacco products, health and beauty aids, automotive products, and other non-food items.

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