Nuveen Asset Management LLC Has $45.24 Million Holdings in Casey's General Stores, Inc. (NASDAQ:CASY)

Nuveen Asset Management LLC cut its position in Casey's General Stores, Inc. (NASDAQ:CASY - Free Report) by 6.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 114,184 shares of the company's stock after selling 8,481 shares during the quarter. Nuveen Asset Management LLC owned approximately 0.31% of Casey's General Stores worth $45,243,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of CASY. Barclays PLC grew its position in Casey's General Stores by 110.5% in the 3rd quarter. Barclays PLC now owns 22,487 shares of the company's stock worth $8,450,000 after purchasing an additional 11,802 shares during the last quarter. JPMorgan Chase & Co. grew its position in Casey's General Stores by 18.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 758,804 shares of the company's stock worth $285,090,000 after purchasing an additional 119,350 shares during the last quarter. Park Avenue Securities LLC grew its position in Casey's General Stores by 29.3% in the 4th quarter. Park Avenue Securities LLC now owns 1,577 shares of the company's stock worth $625,000 after purchasing an additional 357 shares during the last quarter. HB Wealth Management LLC acquired a new stake in Casey's General Stores in the 4th quarter worth $251,000. Finally, Trueblood Wealth Management LLC grew its position in Casey's General Stores by 5.3% in the 4th quarter. Trueblood Wealth Management LLC now owns 1,595 shares of the company's stock worth $632,000 after purchasing an additional 80 shares during the last quarter. 85.63% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Casey's General Stores

In other news, insider Katrina S. Lindsey sold 250 shares of the company's stock in a transaction that occurred on Friday, April 4th. The shares were sold at an average price of $437.01, for a total transaction of $109,252.50. Following the transaction, the insider now directly owns 2,443 shares in the company, valued at approximately $1,067,615.43. This represents a 9.28% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Mike Spanos bought 256 shares of Casey's General Stores stock in a transaction dated Thursday, March 13th. The shares were bought at an average price of $390.54 per share, for a total transaction of $99,978.24. Following the completion of the transaction, the director now directly owns 3,356 shares of the company's stock, valued at $1,310,652.24. This represents a 8.26% increase in their position. The disclosure for this purchase can be found here. 0.56% of the stock is owned by company insiders.

Casey's General Stores Trading Down 0.0%

Shares of CASY stock opened at $456.09 on Tuesday. Casey's General Stores, Inc. has a 12-month low of $313.89 and a 12-month high of $474.97. The company has a market capitalization of $16.93 billion, a P/E ratio of 31.78, a P/E/G ratio of 2.40 and a beta of 0.70. The firm has a 50-day moving average price of $438.17 and a 200 day moving average price of $420.47. The company has a quick ratio of 0.49, a current ratio of 0.88 and a debt-to-equity ratio of 0.74.

Casey's General Stores (NASDAQ:CASY - Get Free Report) last announced its quarterly earnings results on Tuesday, March 11th. The company reported $2.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.76 by $0.57. Casey's General Stores had a net margin of 3.57% and a return on equity of 17.17%. The firm had revenue of $3.90 billion during the quarter, compared to the consensus estimate of $3.74 billion. During the same period last year, the firm posted $2.33 EPS. The firm's quarterly revenue was up 17.2% on a year-over-year basis. Research analysts forecast that Casey's General Stores, Inc. will post 13.94 earnings per share for the current fiscal year.

Casey's General Stores Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, May 15th. Stockholders of record on Thursday, May 1st were given a dividend of $0.50 per share. The ex-dividend date was Thursday, May 1st. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.44%. Casey's General Stores's payout ratio is 13.94%.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the stock. Gordon Haskett upgraded shares of Casey's General Stores from a "hold" rating to a "buy" rating in a research report on Thursday, February 13th. Evercore ISI raised their price objective on shares of Casey's General Stores from $450.00 to $460.00 and gave the stock an "outperform" rating in a report on Tuesday, April 1st. Royal Bank of Canada set a $438.00 price objective on shares of Casey's General Stores and gave the stock a "sector perform" rating in a report on Wednesday, March 12th. StockNews.com downgraded shares of Casey's General Stores from a "buy" rating to a "hold" rating in a report on Saturday, March 8th. Finally, Stephens raised shares of Casey's General Stores to a "strong-buy" rating in a report on Monday, April 7th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, eight have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $430.33.

About Casey's General Stores

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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