Epoch Investment Partners Inc. Sells 18,250 Shares of Casey’s General Stores, Inc. (NASDAQ:CASY)

Epoch Investment Partners Inc. trimmed its holdings in shares of Casey’s General Stores, Inc. (NASDAQ:CASY) by 8.9% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 187,422 shares of the company’s stock after selling 18,250 shares during the period. Epoch Investment Partners Inc.’s holdings in Casey’s General Stores were worth $71,513,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of CASY. Mount Yale Investment Advisors LLC bought a new position in Casey’s General Stores in the second quarter worth approximately $949,000. Sei Investments Co. raised its position in shares of Casey’s General Stores by 20.1% during the second quarter. Sei Investments Co. now owns 54,234 shares of the company’s stock worth $20,692,000 after purchasing an additional 9,085 shares during the period. Pacer Advisors Inc. lifted its holdings in shares of Casey’s General Stores by 19.1% in the 2nd quarter. Pacer Advisors Inc. now owns 7,650 shares of the company’s stock worth $2,919,000 after purchasing an additional 1,225 shares in the last quarter. AE Wealth Management LLC grew its position in Casey’s General Stores by 26.6% in the 2nd quarter. AE Wealth Management LLC now owns 941 shares of the company’s stock valued at $359,000 after purchasing an additional 198 shares during the period. Finally, Bridges Investment Management Inc. increased its stake in Casey’s General Stores by 110.0% during the 2nd quarter. Bridges Investment Management Inc. now owns 177,190 shares of the company’s stock valued at $67,609,000 after purchasing an additional 92,813 shares in the last quarter. Institutional investors and hedge funds own 85.63% of the company’s stock.

Insider Buying and Selling

In other Casey’s General Stores news, insider Thomas P. Brennan, Jr. sold 3,000 shares of the stock in a transaction on Friday, September 6th. The stock was sold at an average price of $380.24, for a total transaction of $1,140,720.00. Following the completion of the transaction, the insider now directly owns 9,044 shares of the company’s stock, valued at $3,438,890.56. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other news, Director Mike Spanos acquired 267 shares of the stock in a transaction that occurred on Wednesday, September 18th. The shares were acquired at an average cost of $376.18 per share, for a total transaction of $100,440.06. Following the purchase, the director now owns 2,594 shares of the company’s stock, valued at approximately $975,810.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Thomas P. Brennan, Jr. sold 3,000 shares of the company’s stock in a transaction dated Friday, September 6th. The shares were sold at an average price of $380.24, for a total transaction 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 disclosure for this sale can be found here. 0.47% of the stock is currently owned by insiders.

Casey’s General Stores Stock Up 0.8 %

Shares of NASDAQ:CASY opened at $368.00 on Monday. Casey’s General Stores, Inc. has a 1 year low of $260.13 and a 1 year high of $401.07. The company has a market capitalization of $13.66 billion, a PE ratio of 27.40, a price-to-earnings-growth ratio of 2.58 and a beta of 0.80. The business has a fifty day moving average price of $374.29 and a two-hundred day moving average price of $348.04. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.84 and a quick ratio of 0.44.

Casey’s General Stores (NASDAQ:CASY) last issued its quarterly earnings results on Wednesday, September 4th. The company reported $4.83 earnings per share for the quarter, topping analysts’ consensus estimates of $4.54 by $0.29. Casey’s General Stores had a net margin of 3.40% and a return on equity of 17.07%. The company had revenue of $4.10 billion for the quarter, compared to the consensus estimate of $4.15 billion. During the same period in the previous year, the firm earned $4.52 EPS. The firm’s quarterly revenue was up 5.9% on a year-over-year basis. Analysts forecast that Casey’s General Stores, Inc. will post 14.15 earnings per share for the current year.

Casey’s General Stores Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Friday, November 1st will be paid a dividend of $0.50 per share. The ex-dividend date is Friday, November 1st. This represents a $2.00 annualized dividend and a dividend yield of 0.54%. Casey’s General Stores’s payout ratio is currently 14.89%.

Analyst Ratings Changes

CASY has been the topic of a number of recent research reports. BMO Capital Markets raised their price objective on shares of Casey’s General Stores from $305.00 to $400.00 and gave the company a “market perform” rating in a research note on Thursday, June 13th. Benchmark reaffirmed a “buy” rating and issued a $410.00 price target on shares of Casey’s General Stores in a research report on Tuesday, September 10th. Deutsche Bank Aktiengesellschaft boosted their price objective on Casey’s General Stores from $420.00 to $444.00 and gave the stock a “buy” rating in a report on Monday, July 29th. Royal Bank of Canada raised their target price on Casey’s General Stores from $393.00 to $403.00 and gave the company a “sector perform” rating in a report on Thursday, September 5th. Finally, Evercore ISI upped their price target on Casey’s General Stores from $410.00 to $435.00 and gave the stock an “outperform” rating in a report on Monday, July 29th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Casey’s General Stores currently has a consensus rating of “Moderate Buy” and a consensus price target of $404.90.

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.