Exchange Traded Concepts LLC Sells 191 Shares of Casey’s General Stores, Inc. (NASDAQ:CASY)

Exchange Traded Concepts LLC lowered its holdings in shares of Casey’s General Stores, Inc. (NASDAQ:CASY) by 8.8% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 1,987 shares of the company’s stock after selling 191 shares during the period. Exchange Traded Concepts LLC’s holdings in Casey’s General Stores were worth $747,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of CASY. Millennium Management LLC raised its stake in shares of Casey’s General Stores by 3,846.1% during the second quarter. Millennium Management LLC now owns 172,320 shares of the company’s stock valued at $65,750,000 after acquiring an additional 176,920 shares during the last quarter. Principal Financial Group Inc. raised its stake in shares of Casey’s General Stores by 113.0% during the first quarter. Principal Financial Group Inc. now owns 291,838 shares of the company’s stock valued at $92,936,000 after acquiring an additional 154,803 shares during the last quarter. DAVENPORT & Co LLC raised its stake in shares of Casey’s General Stores by 11,242.6% during the first quarter. DAVENPORT & Co LLC now owns 107,641 shares of the company’s stock valued at $34,284,000 after acquiring an additional 106,692 shares during the last quarter. Scout Investments Inc. raised its stake in shares of Casey’s General Stores by 138.2% during the first quarter. Scout Investments Inc. now owns 179,051 shares of the company’s stock valued at $56,467,000 after acquiring an additional 103,879 shares during the last quarter. Finally, Bridges Investment Management Inc. raised its stake in shares of Casey’s General Stores by 110.0% during the second quarter. Bridges Investment Management Inc. now owns 177,190 shares of the company’s stock valued at $67,609,000 after acquiring an additional 92,813 shares during the last quarter. Institutional investors own 85.63% of the company’s stock.

Casey’s General Stores Price Performance

CASY stock opened at $390.15 on Friday. The company has a market capitalization of $14.48 billion, a P/E ratio of 29.05 and a beta of 0.80. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.44 and a current ratio of 0.84. Casey’s General Stores, Inc. has a 52-week low of $260.13 and a 52-week high of $401.07. The business has a 50-day simple moving average of $374.63 and a two-hundred day simple moving average of $357.20.

Casey’s General Stores (NASDAQ:CASY) last released its quarterly earnings results on Wednesday, September 4th. The company reported $4.83 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.54 by $0.29. The business had revenue of $4.10 billion during the quarter, compared to the consensus estimate of $4.15 billion. Casey’s General Stores had a return on equity of 17.07% and a net margin of 3.40%. The company’s quarterly revenue was up 5.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $4.52 EPS. Research analysts expect that Casey’s General Stores, Inc. will post 14.01 EPS for the current fiscal year.

Casey’s General Stores Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Friday, November 1st will be paid a dividend of $0.50 per share. The ex-dividend date of this dividend is Friday, November 1st. This represents a $2.00 dividend on an annualized basis and a yield of 0.51%. Casey’s General Stores’s dividend payout ratio (DPR) is currently 14.89%.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on CASY. Benchmark reiterated a “buy” rating and set a $410.00 price objective on shares of Casey’s General Stores in a research report on Tuesday, September 10th. Northcoast Research upgraded shares of Casey’s General Stores from a “neutral” rating to a “buy” rating and set a $410.00 price objective for the company in a research report on Thursday, July 11th. Wells Fargo & Company increased their price objective on shares of Casey’s General Stores from $415.00 to $425.00 and gave the stock an “overweight” rating in a research report on Friday, September 6th. Melius Research started coverage on shares of Casey’s General Stores in a research report on Monday, September 23rd. They set a “buy” rating and a $435.00 price objective for the company. Finally, Royal Bank of Canada lifted their price target on shares of Casey’s General Stores from $393.00 to $403.00 and gave the company a “sector perform” rating in a research note on Thursday, September 5th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, Casey’s General Stores has a consensus rating of “Moderate Buy” and a consensus target price of $408.09.

Insiders Place Their Bets

In other Casey’s General Stores news, insider Thomas P. Brennan, Jr. sold 3,000 shares of Casey’s General Stores stock in a transaction that occurred on Friday, September 6th. The shares were sold at an average price of $380.24, for a total transaction of $1,140,720.00. Following the transaction, the insider now owns 9,044 shares of the company’s stock, valued at $3,438,890.56. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other Casey’s General Stores news, CEO Darren M. Rebelez sold 13,500 shares of Casey’s General Stores stock in a transaction that occurred on Friday, September 6th. The shares were sold at an average price of $374.54, for a total transaction of $5,056,290.00. Following the transaction, the chief executive officer now owns 73,838 shares of the company’s stock, valued at $27,655,284.52. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Thomas P. Brennan, Jr. sold 3,000 shares of Casey’s General Stores stock in a transaction that occurred on Friday, September 6th. The stock was sold at an average price of $380.24, for a total transaction of $1,140,720.00. Following the completion of the sale, the insider now directly owns 9,044 shares in the company, valued at $3,438,890.56. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.47% of the company’s stock.

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. 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.