Crossmark Global Holdings Inc. Reduces Holdings in Casey’s General Stores, Inc. (NASDAQ:CASY)

Crossmark Global Holdings Inc. reduced its position in shares of Casey’s General Stores, Inc. (NASDAQ:CASY) by 6.6% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 750 shares of the company’s stock after selling 53 shares during the period. Crossmark Global Holdings Inc.’s holdings in Casey’s General Stores were worth $282,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Park Place Capital Corp purchased a new stake in Casey’s General Stores during the 2nd quarter worth $31,000. Advisors Asset Management Inc. acquired a new stake in shares of Casey’s General Stores during the first quarter valued at about $32,000. Innealta Capital LLC acquired a new stake in shares of Casey’s General Stores during the second quarter valued at about $32,000. Bank & Trust Co purchased a new stake in shares of Casey’s General Stores during the second quarter worth about $40,000. Finally, V Square Quantitative Management LLC lifted its stake in shares of Casey’s General Stores by 22.5% in the third quarter. V Square Quantitative Management LLC now owns 158 shares of the company’s stock worth $59,000 after acquiring an additional 29 shares in the last quarter. 85.63% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on CASY shares. Deutsche Bank Aktiengesellschaft raised their price objective on Casey’s General Stores from $451.00 to $454.00 and gave the company a “buy” rating in a research note on Wednesday, November 6th. Gordon Haskett initiated coverage on shares of Casey’s General Stores in a research report on Monday, November 4th. They set a “hold” rating and a $400.00 price target for the company. Melius Research started coverage on shares of Casey’s General Stores in a report on Monday, September 23rd. They issued a “buy” rating and a $435.00 price target on the stock. Royal Bank of Canada increased their price objective 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. Finally, Benchmark reissued a “buy” rating and issued a $410.00 target price on shares of Casey’s General Stores in a research report on Tuesday, September 10th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $408.25.

Casey’s General Stores Stock Performance

Shares of CASY stock opened at $401.40 on Monday. The company has a market cap of $14.90 billion, a P/E ratio of 29.21 and a beta of 0.79. The business has a 50 day moving average of $386.44 and a two-hundred day moving average of $369.86. Casey’s General Stores, Inc. has a 52 week low of $266.56 and a 52 week high of $420.27. The company has a quick ratio of 0.44, a current ratio of 0.84 and a debt-to-equity ratio of 0.44.

Casey’s General Stores (NASDAQ:CASY) last released its quarterly earnings data 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. Casey’s General Stores had a return on equity of 17.07% and a net margin of 3.40%. The business had revenue of $4.10 billion during the quarter, compared to analyst estimates of $4.15 billion. During the same quarter in the previous year, the firm posted $4.52 EPS. The business’s revenue for the quarter was up 5.9% compared to the same quarter last year. As a group, analysts anticipate that Casey’s General Stores, Inc. will post 14.24 EPS for the current year.

Casey’s General Stores Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Friday, November 1st were given a dividend of $0.50 per share. The ex-dividend date of this dividend was Friday, November 1st. This represents a $2.00 annualized dividend and a dividend yield of 0.50%. Casey’s General Stores’s dividend payout ratio is currently 14.56%.

Insider Buying and Selling

In related news, CEO Darren M. Rebelez sold 13,500 shares of the firm’s stock in a transaction that occurred on Friday, September 6th. The stock was sold at an average price of $374.54, for a total value of $5,056,290.00. Following the sale, the chief executive officer now directly owns 73,838 shares in the company, valued at $27,655,284.52. This trade represents a 15.46 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Thomas P. Brennan, Jr. sold 3,000 shares of Casey’s General Stores stock in a transaction on Friday, September 6th. The shares were sold at an average price of $380.24, for a total value of $1,140,720.00. Following the sale, the insider now directly owns 9,044 shares in the company, valued at $3,438,890.56. The trade was a 24.91 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.56% of the company’s stock.

Casey’s General Stores Company 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.