Iridian Asset Management LLC CT Has $161.38 Million Stake in Caseys General Stores, Inc. (CASY)

Iridian Asset Management LLC CT lowered its position in shares of Caseys General Stores, Inc. (NASDAQ:CASY) by 5.1% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,474,473 shares of the company’s stock after selling 78,872 shares during the period. Iridian Asset Management LLC CT owned approximately 3.89% of Caseys General Stores worth $161,381,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Ameriprise Financial Inc. raised its stake in shares of Caseys General Stores by 3.7% during the third quarter. Ameriprise Financial Inc. now owns 170,909 shares of the company’s stock valued at $18,706,000 after purchasing an additional 6,070 shares during the period. Russell Investments Group Ltd. raised its stake in shares of Caseys General Stores by 8.0% during the third quarter. Russell Investments Group Ltd. now owns 86,363 shares of the company’s stock valued at $9,452,000 after purchasing an additional 6,404 shares during the period. Bank of New York Mellon Corp raised its stake in shares of Caseys General Stores by 0.3% during the third quarter. Bank of New York Mellon Corp now owns 504,745 shares of the company’s stock valued at $55,244,000 after purchasing an additional 1,487 shares during the period. Advisor Group Inc. raised its stake in shares of Caseys General Stores by 8.2% during the third quarter. Advisor Group Inc. now owns 6,024 shares of the company’s stock valued at $659,000 after purchasing an additional 455 shares during the period. Finally, Retirement Systems of Alabama raised its stake in shares of Caseys General Stores by 40.6% during the third quarter. Retirement Systems of Alabama now owns 71,038 shares of the company’s stock valued at $7,775,000 after purchasing an additional 20,528 shares during the period. Institutional investors own 98.58% of the company’s stock.

A number of analysts have recently weighed in on the stock. Zacks Investment Research raised shares of Caseys General Stores from a “sell” rating to a “hold” rating in a research report on Monday, August 14th. BidaskClub downgraded shares of Caseys General Stores from a “hold” rating to a “sell” rating in a research report on Thursday, August 17th. Jefferies Group LLC set a $139.00 price target on shares of Caseys General Stores and gave the stock a “buy” rating in a research report on Friday, August 25th. Finally, Royal Bank Of Canada set a $118.00 price target on shares of Caseys General Stores and gave the stock a “hold” rating in a research report on Sunday, August 13th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $115.29.

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In other Caseys General Stores news, SVP Brian Joseph Johnson sold 1,000 shares of Caseys General Stores stock in a transaction on Friday, September 22nd. The shares were sold at an average price of $108.01, for a total value of $108,010.00. Following the completion of the transaction, the senior vice president now owns 8,229 shares of the company’s stock, valued at $888,814.29. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 1.30% of the company’s stock.

Caseys General Stores, Inc. (NASDAQ:CASY) traded up $2.07 during trading on Friday, reaching $116.83. 229,900 shares of the company’s stock were exchanged, compared to its average volume of 491,537. The firm has a market capitalization of $4,480.00, a P/E ratio of 27.07, a PEG ratio of 2.46 and a beta of 0.45. The company has a current ratio of 0.99, a quick ratio of 0.48 and a debt-to-equity ratio of 0.91. Caseys General Stores, Inc. has a 1 year low of $99.76 and a 1 year high of $126.49.

Caseys General Stores (NASDAQ:CASY) last released its quarterly earnings data on Tuesday, September 5th. The company reported $1.46 EPS for the quarter, hitting analysts’ consensus estimates of $1.46. The firm had revenue of $2.09 billion during the quarter, compared to the consensus estimate of $2.16 billion. Caseys General Stores had a net margin of 2.19% and a return on equity of 13.99%. The firm’s revenue was up 6.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.70 earnings per share. research analysts predict that Caseys General Stores, Inc. will post 4.31 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 15th. Shareholders of record on Wednesday, November 1st were issued a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a yield of 0.89%. The ex-dividend date of this dividend was Tuesday, October 31st. Caseys General Stores’s dividend payout ratio is presently 24.53%.

Caseys General Stores Company Profile

Casey’s General Stores, Inc and its subsidiaries, operate convenience stores under the name Casey’s General Store in approximately 10 Midwestern states, in Iowa, Missouri, and Illinois. The Company also operates approximately two stores selling primarily tobacco products. The stores carry a range of food, including freshly prepared foods such as pizza, donuts, and sandwiches, beverages, tobacco products, health and beauty aids, automotive products and other nonfood items.

Institutional Ownership by Quarter for Caseys General Stores (NASDAQ:CASY)

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