Casey’s General Stores, Inc. (NASDAQ:CASY) Stock Holdings Lessened by Quantbot Technologies LP

Quantbot Technologies LP lessened its stake in shares of Casey’s General Stores, Inc. (NASDAQ:CASY) by 98.6% in the third quarter, according to its most recent filing with the SEC. The fund owned 101 shares of the company’s stock after selling 7,064 shares during the period. Quantbot Technologies LP’s holdings in Casey’s General Stores were worth $38,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of CASY. FMR LLC lifted its holdings in shares of Casey’s General Stores by 3.8% during the third quarter. FMR LLC now owns 1,046,830 shares of the company’s stock valued at $393,305,000 after purchasing an additional 38,226 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in Casey’s General Stores by 3.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 468,650 shares of the company’s stock worth $178,822,000 after buying an additional 14,750 shares during the period. Envestnet Asset Management Inc. lifted its stake in Casey’s General Stores by 20.4% during the second quarter. Envestnet Asset Management Inc. now owns 458,044 shares of the company’s stock valued at $174,771,000 after buying an additional 77,515 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of Casey’s General Stores by 0.3% in the third quarter. Charles Schwab Investment Management Inc. now owns 273,332 shares of the company’s stock worth $102,694,000 after buying an additional 702 shares during the period. Finally, International Assets Investment Management LLC purchased a new position in shares of Casey’s General Stores in the third quarter worth approximately $959,880,000. 85.63% of the stock is owned by institutional investors.

Casey’s General Stores Price Performance

Shares of CASY opened at $422.27 on Friday. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.44 and a current ratio of 0.84. The firm has a market cap of $15.67 billion, a PE ratio of 30.73 and a beta of 0.80. The firm’s 50 day moving average price is $399.97 and its 200 day moving average price is $378.81. Casey’s General Stores, Inc. has a twelve month low of $266.56 and a twelve month high of $435.60.

Casey’s General Stores (NASDAQ:CASY) last released its quarterly earnings results on Wednesday, September 4th. The company reported $4.83 earnings per share for the quarter, beating analysts’ consensus estimates of $4.54 by $0.29. The business had revenue of $4.10 billion for the quarter, compared to the consensus estimate of $4.15 billion. Casey’s General Stores had a net margin of 3.40% and a return on equity of 17.07%. Casey’s General Stores’s revenue for the quarter was up 5.9% on a year-over-year basis. During the same quarter last year, the firm earned $4.52 EPS. As a group, research analysts expect that Casey’s General Stores, Inc. will post 14.22 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, Director Mike Spanos bought 267 shares of the firm’s stock in a transaction on Wednesday, September 18th. The stock was purchased at an average price of $376.18 per share, with a total value of $100,440.06. Following the completion of the transaction, the director now directly owns 2,594 shares of the company’s stock, valued at $975,810.92. This trade represents a 11.47 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.56% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the stock. StockNews.com upgraded shares of Casey’s General Stores from a “buy” rating to a “strong-buy” rating in a research report on Thursday. JPMorgan Chase & Co. cut Casey’s General Stores from a “neutral” rating to an “underweight” rating and raised their target price for the stock from $300.00 to $337.00 in a research report on Thursday, September 19th. Royal Bank of Canada upped their price target on Casey’s General Stores from $393.00 to $403.00 and gave the company a “sector perform” rating in a research report on Thursday, September 5th. Benchmark restated 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. Finally, Deutsche Bank Aktiengesellschaft upped their target price on Casey’s General Stores from $451.00 to $454.00 and gave the company a “buy” rating in a report on Wednesday, November 6th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $408.25.

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.