Public Employees Retirement System of Ohio Has $5.68 Million Stock Position in Casey's General Stores, Inc. (NASDAQ:CASY)

Public Employees Retirement System of Ohio decreased its stake in Casey's General Stores, Inc. (NASDAQ:CASY - Free Report) by 9.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,344 shares of the company's stock after selling 1,435 shares during the quarter. Public Employees Retirement System of Ohio's holdings in Casey's General Stores were worth $5,684,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Barclays PLC boosted its stake in shares of Casey's General Stores by 110.5% in the 3rd quarter. Barclays PLC now owns 22,487 shares of the company's stock valued at $8,450,000 after purchasing an additional 11,802 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in Casey's General Stores by 18.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 758,804 shares of the company's stock valued at $285,090,000 after purchasing an additional 119,350 shares during the last quarter. Flagship Harbor Advisors LLC acquired a new position in Casey's General Stores in the fourth quarter valued at about $225,000. Blue Trust Inc. boosted its position in Casey's General Stores by 35.6% in the fourth quarter. Blue Trust Inc. now owns 769 shares of the company's stock valued at $289,000 after buying an additional 202 shares in the last quarter. Finally, KBC Group NV grew its stake in Casey's General Stores by 45.5% during the fourth quarter. KBC Group NV now owns 1,375 shares of the company's stock worth $545,000 after buying an additional 430 shares during the last quarter. 85.63% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

CASY has been the subject of a number of research analyst reports. Stephens upgraded shares of Casey's General Stores to a "strong-buy" rating in a research note on Monday, April 7th. Wall Street Zen downgraded Casey's General Stores from a "buy" rating to a "hold" rating in a research report on Friday. KeyCorp started coverage on Casey's General Stores in a research note on Friday, April 11th. They issued an "overweight" rating and a $500.00 price objective on the stock. Royal Bank of Canada set a $438.00 target price on Casey's General Stores and gave the stock a "sector perform" rating in a report on Wednesday, March 12th. Finally, Gordon Haskett upgraded Casey's General Stores from a "hold" rating to a "buy" rating in a research note on Thursday, February 13th. One analyst has rated the stock with a sell rating, three have given a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $430.33.

Casey's General Stores Trading Up 0.5%

CASY stock traded up $2.24 during midday trading on Monday, reaching $440.00. The stock had a trading volume of 800,989 shares, compared to its average volume of 296,910. The firm has a market cap of $16.33 billion, a price-to-earnings ratio of 30.66, a PEG ratio of 2.40 and a beta of 0.70. Casey's General Stores, Inc. has a twelve month low of $313.89 and a twelve month high of $474.97. The company has a quick ratio of 0.49, a current ratio of 0.88 and a debt-to-equity ratio of 0.74. The business has a fifty day simple moving average of $446.90 and a two-hundred day simple moving average of $423.29.

Casey's General Stores (NASDAQ:CASY - Get Free Report) last issued its quarterly earnings results on Tuesday, March 11th. The company reported $2.33 EPS for the quarter, topping the consensus estimate of $1.76 by $0.57. The company had revenue of $3.90 billion during the quarter, compared to analysts' expectations of $3.74 billion. Casey's General Stores had a net margin of 3.57% and a return on equity of 17.17%. Casey's General Stores's revenue was up 17.2% on a year-over-year basis. During the same quarter in the previous year, the company earned $2.33 EPS. As a group, research analysts expect that Casey's General Stores, Inc. will post 13.94 EPS for the current fiscal year.

Casey's General Stores Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 15th. Shareholders of record on Thursday, May 1st were issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 0.45%. The ex-dividend date of this dividend was Thursday, May 1st. Casey's General Stores's dividend payout ratio is presently 13.94%.

Insiders Place Their Bets

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

Casey's General Stores Company 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.