Casey's General Stores, Inc. (NASDAQ:CASY) Shares Sold by New York State Common Retirement Fund

New York State Common Retirement Fund trimmed its position in shares of Casey's General Stores, Inc. (NASDAQ:CASY - Free Report) by 17.3% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 42,887 shares of the company's stock after selling 8,978 shares during the quarter. New York State Common Retirement Fund owned about 0.12% of Casey's General Stores worth $11,783,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of CASY. Impax Asset Management Group plc purchased a new stake in shares of Casey's General Stores during the 4th quarter valued at about $2,596,000. Comerica Bank purchased a new stake in shares of Casey's General Stores during the 3rd quarter valued at about $5,834,000. Quantbot Technologies LP purchased a new stake in shares of Casey's General Stores during the 3rd quarter valued at about $1,336,000. Lord Abbett & CO. LLC purchased a new stake in shares of Casey's General Stores during the 3rd quarter valued at about $21,993,000. Finally, O Shaughnessy Asset Management LLC boosted its holdings in shares of Casey's General Stores by 114.1% during the 3rd quarter. O Shaughnessy Asset Management LLC now owns 6,297 shares of the company's stock valued at $1,710,000 after acquiring an additional 3,356 shares during the last quarter. 85.63% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on CASY shares. Benchmark reiterated a "buy" rating and issued a $312.00 price objective on shares of Casey's General Stores in a research note on Wednesday, March 6th. Wells Fargo & Company increased their price objective on shares of Casey's General Stores from $305.00 to $340.00 and gave the stock an "overweight" rating in a research note on Tuesday, March 5th. Evercore ISI lowered their price objective on shares of Casey's General Stores from $350.00 to $345.00 and set an "outperform" rating on the stock in a research note on Tuesday, April 16th. BMO Capital Markets increased their price objective on shares of Casey's General Stores from $290.00 to $305.00 and gave the stock a "market perform" rating in a research note on Wednesday, March 13th. Finally, StockNews.com cut shares of Casey's General Stores from a "strong-buy" rating to a "buy" rating in a research note on Thursday, March 21st. Two investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, Casey's General Stores presently has an average rating of "Moderate Buy" and an average price target of $312.63.

Casey's General Stores Stock Performance

NASDAQ CASY traded down $0.92 on Wednesday, reaching $318.66. 277,055 shares of the stock were exchanged, compared to its average volume of 280,883. Casey's General Stores, Inc. has a one year low of $212.50 and a one year high of $324.40. The firm has a market capitalization of $11.80 billion, a PE ratio of 25.38, a PEG ratio of 2.59 and a beta of 0.83. The company's 50-day simple moving average is $309.33 and its two-hundred day simple moving average is $288.56. The company has a current ratio of 0.89, a quick ratio of 0.42 and a debt-to-equity ratio of 0.54.

Casey's General Stores (NASDAQ:CASY - Get Free Report) last released its earnings results on Tuesday, March 12th. The company reported $2.33 EPS for the quarter, topping analysts' consensus estimates of $2.20 by $0.13. Casey's General Stores had a net margin of 3.23% and a return on equity of 16.70%. The company had revenue of $3.33 billion for the quarter, compared to analysts' expectations of $3.51 billion. During the same quarter last year, the business earned $2.36 EPS. The firm's revenue was down .1% compared to the same quarter last year. Analysts expect that Casey's General Stores, Inc. will post 12.81 EPS for the current fiscal year.

Casey's General Stores Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Wednesday, May 1st will be given a dividend of $0.43 per share. This represents a $1.72 annualized dividend and a dividend yield of 0.54%. The ex-dividend date is Tuesday, April 30th. Casey's General Stores's payout ratio is currently 13.67%.

Casey's General Stores Profile

Casey's General Stores, Inc, together with its subsidiaries, operates convenience stores under the Casey's and Casey's General Store names. Its stores offer pizza, donuts, breakfast items, and sandwiches; and tobacco and nicotine products. The company's stores provide soft drinks, energy, water, sports drinks, juices, coffee, and tea and dairy products; beer, wine, and spirits; snacks, candy, packaged bakery, and other food items; ice, ice cream, meals, and appetizers; health and beauty aids, automotive products, electronic accessories, housewares, and pet supplies; and ATM, lotto/lottery, and prepaid cards.