Lazard Asset Management LLC boosted its holdings in shares of Casey’s General Stores, Inc. (NASDAQ:CASY – Get Rating) by 42.7% during the second quarter, Holdings Channel.com reports. The institutional investor owned 498 shares of the company’s stock after acquiring an additional 149 shares during the quarter. Lazard Asset Management LLC’s holdings in Casey’s General Stores were worth $92,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors have also recently bought and sold shares of CASY. Goldman Sachs Group Inc. increased its position in Casey’s General Stores by 152.8% during the first quarter. Goldman Sachs Group Inc. now owns 384,281 shares of the company’s stock worth $76,153,000 after buying an additional 232,277 shares during the last quarter. TimesSquare Capital Management LLC acquired a new position in Casey’s General Stores during the second quarter worth approximately $38,217,000. Weiss Multi Strategy Advisers LLC acquired a new position in Casey’s General Stores during the first quarter worth approximately $21,799,000. Assenagon Asset Management S.A. increased its position in Casey’s General Stores by 162.4% during the second quarter. Assenagon Asset Management S.A. now owns 111,209 shares of the company’s stock worth $20,571,000 after buying an additional 68,824 shares during the last quarter. Finally, State Street Corp boosted its holdings in shares of Casey’s General Stores by 4.6% during the first quarter. State Street Corp now owns 1,421,540 shares of the company’s stock worth $281,707,000 after acquiring an additional 61,866 shares during the period. Institutional investors and hedge funds own 76.68% of the company’s stock.
Insider Buying and Selling at Casey’s General Stores
In other news, Director Mike Spanos acquired 454 shares of the stock in a transaction on Monday, September 12th. The stock was acquired at an average cost of $220.45 per share, for a total transaction of $100,084.30. Following the completion of the transaction, the director now directly owns 454 shares in the company, valued at $100,084.30. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.28% of the company’s stock.
Analyst Upgrades and Downgrades
Casey’s General Stores Trading Down 1.1 %
Shares of CASY stock opened at $239.02 on Thursday. The company has a current ratio of 0.96, a quick ratio of 0.54 and a debt-to-equity ratio of 0.69. The stock has a market cap of $8.90 billion, a P/E ratio of 23.93 and a beta of 0.81. The stock has a 50 day simple moving average of $218.38 and a 200 day simple moving average of $208.33. Casey’s General Stores, Inc. has a 1 year low of $170.82 and a 1 year high of $242.56.
Casey’s General Stores (NASDAQ:CASY – Get Rating) last issued its quarterly earnings results on Wednesday, September 7th. The company reported $4.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.32 by ($0.23). The company had revenue of $4.45 billion during the quarter, compared to the consensus estimate of $4.47 billion. Casey’s General Stores had a net margin of 2.63% and a return on equity of 16.73%. The company’s quarterly revenue was up 40.0% on a year-over-year basis. During the same quarter last year, the firm posted $3.19 earnings per share. On average, research analysts predict that Casey’s General Stores, Inc. will post 10.19 earnings per share for the current fiscal year.
Casey’s General Stores Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, November 15th. Shareholders of record on Tuesday, November 1st were given a dividend of $0.38 per share. The ex-dividend date of this dividend was Monday, October 31st. This represents a $1.52 annualized dividend and a yield of 0.64%. Casey’s General Stores’s dividend payout ratio is currently 15.22%.
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 a selection of food, including freshly prepared foods, such as pizza, donuts, and sandwiches; beverages; tobacco and nicotine products; health and beauty aids; automotive products; and other nonfood items.
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