Healthcare of Ontario Pension Plan Trust Fund Sells 770 Shares of Casey’s General Stores, Inc. (NASDAQ:CASY)

Posted by Defense World Staff on Mar 4th, 2023

Healthcare of Ontario Pension Plan Trust Fund decreased its position in shares of Casey’s General Stores, Inc. (NASDAQ:CASY – Get Rating) by 53.3% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 674 shares of the company’s stock after selling 770 shares during the period. Healthcare of Ontario Pension Plan Trust Fund’s holdings in Casey’s General Stores were worth $136,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also bought and sold shares of the company. Thrivent Financial for Lutherans grew its holdings in shares of Casey’s General Stores by 915.9% in the second quarter. Thrivent Financial for Lutherans now owns 628,013 shares of the company’s stock worth $116,170,000 after purchasing an additional 566,192 shares during the last quarter. Victory Capital Management Inc. grew its holdings in shares of Casey’s General Stores by 896.4% in the third quarter. Victory Capital Management Inc. now owns 482,474 shares of the company’s stock worth $97,710,000 after purchasing an additional 434,050 shares during the last quarter. Goldman Sachs Group Inc. grew its holdings in shares of Casey’s General Stores by 152.8% in the first quarter. Goldman Sachs Group Inc. now owns 384,281 shares of the company’s stock worth $76,153,000 after purchasing an additional 232,277 shares during the last quarter. Weiss Multi Strategy Advisers LLC bought a new position in shares of Casey’s General Stores in the first quarter worth about $21,799,000. Finally, State Street Corp grew its holdings in Casey’s General Stores by 4.6% during the 1st 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 in the last quarter. Institutional investors own 84.74% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on CASY. Deutsche Bank Aktiengesellschaft increased their target price on shares of Casey’s General Stores from $286.00 to $291.00 and gave the stock a “buy” rating in a report on Thursday, December 8th. Wells Fargo & Company increased their target price on shares of Casey’s General Stores to $270.00 in a report on Monday, December 12th. Royal Bank of Canada increased their target price on shares of Casey’s General Stores from $263.00 to $268.00 and gave the stock a “sector perform” rating in a report on Friday, February 3rd. Credit Suisse Group began coverage on shares of Casey’s General Stores in a report on Monday, December 19th. They set a “neutral” rating and a $254.00 target price on the stock. Finally, Northcoast Research cut shares of Casey’s General Stores from a “buy” rating to a “neutral” rating in a report on Thursday, December 8th. Four analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Casey’s General Stores presently has an average rating of “Moderate Buy” and a consensus target price of $258.56.

Casey’s General Stores Stock Performance

Shares of Casey’s General Stores stock opened at $213.18 on Friday. The firm has a market capitalization of $7.94 billion, a P/E ratio of 19.26 and a beta of 0.82. The company has a quick ratio of 0.65, a current ratio of 1.08 and a debt-to-equity ratio of 0.65. The company has a 50 day moving average price of $222.87 and a 200 day moving average price of $222.84. Casey’s General Stores, Inc. has a 52 week low of $170.82 and a 52 week high of $249.90.

Casey’s General Stores (NASDAQ:CASY – Get Rating) last announced its quarterly earnings data on Tuesday, December 6th. The company reported $3.67 EPS for the quarter, beating the consensus estimate of $3.27 by $0.40. The firm had revenue of $3.98 billion during the quarter, compared to analyst estimates of $4.15 billion. Casey’s General Stores had a net margin of 2.77% and a return on equity of 17.78%. Sell-side analysts expect that Casey’s General Stores, Inc. will post 11.47 EPS for the current year.

Casey’s General Stores Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, February 15th. Investors of record on Wednesday, February 1st were given a $0.38 dividend. This represents a $1.52 annualized dividend and a dividend yield of 0.71%. The ex-dividend date of this dividend was Tuesday, January 31st. Casey’s General Stores’s payout ratio is currently 13.73%.

About Casey’s General Stores

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Casey’s General Stores, Inc engages in the management and operation of convenience stores and gasoline stations. It provides self-service gasoline, a wide selection of grocery items and an array of freshly prepared food items. The firm offers food, beverages, tobacco products, health and beauty aids, automotive products, and other non-food items.