Epoch Investment Partners Inc. Raises Position in Casey’s General Stores Inc (CASY)

Epoch Investment Partners Inc. increased its position in Casey’s General Stores Inc (NASDAQ:CASY) by 43.5% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 343,467 shares of the company’s stock after buying an additional 104,153 shares during the quarter. Epoch Investment Partners Inc.’s holdings in Casey’s General Stores were worth $44,345,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently modified their holdings of CASY. Kwmg LLC bought a new position in Casey’s General Stores in the second quarter worth $106,000. Parallel Advisors LLC bought a new position in Casey’s General Stores in the third quarter worth $139,000. Crossmark Global Holdings Inc. bought a new position in Casey’s General Stores in the second quarter worth $204,000. Ibex Investors LLC bought a new position in Casey’s General Stores in the third quarter worth $206,000. Finally, Northwest Wealth Management LLC lifted its holdings in shares of Casey’s General Stores by 43.5% during the third quarter. Northwest Wealth Management LLC now owns 1,650 shares of the company’s stock valued at $213,000 after acquiring an additional 500 shares during the period. 91.03% of the stock is owned by hedge funds and other institutional investors.

In other news, SVP Brian Joseph Johnson sold 1,500 shares of the firm’s stock in a transaction on Wednesday, September 12th. The stock was sold at an average price of $127.43, for a total value of $191,145.00. Following the completion of the sale, the senior vice president now directly owns 10,471 shares in the company, valued at $1,334,319.53. The sale was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 0.72% of the company’s stock.



A number of research analysts have issued reports on CASY shares. BidaskClub raised Casey’s General Stores from a “hold” rating to a “buy” rating in a report on Friday, August 17th. ValuEngine raised Casey’s General Stores from a “hold” rating to a “buy” rating in a report on Wednesday, August 22nd. Jefferies Financial Group set a $134.00 price objective on Casey’s General Stores and gave the company a “buy” rating in a report on Wednesday, August 22nd. BMO Capital Markets lifted their price objective on Casey’s General Stores from $92.00 to $96.00 and gave the company a “hold” rating in a report on Thursday, August 23rd. Finally, Royal Bank of Canada lifted their price objective on Casey’s General Stores from $120.00 to $125.00 and gave the company a “sector perform” rating in a report on Tuesday, September 11th. Six equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $133.60.

Shares of NASDAQ:CASY opened at $126.01 on Friday. Casey’s General Stores Inc has a twelve month low of $90.42 and a twelve month high of $133.07. The firm has a market capitalization of $4.63 billion, a PE ratio of 33.07, a price-to-earnings-growth ratio of 3.19 and a beta of 0.51. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.77 and a quick ratio of 0.27.

Casey’s General Stores (NASDAQ:CASY) last announced its earnings results on Monday, September 10th. The company reported $1.90 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.67 by $0.23. Casey’s General Stores had a return on equity of 12.38% and a net margin of 3.73%. The company had revenue of $2.59 billion during the quarter, compared to analyst estimates of $2.57 billion. During the same period last year, the company posted $1.46 earnings per share. The firm’s quarterly revenue was up 23.6% compared to the same quarter last year. Equities analysts anticipate that Casey’s General Stores Inc will post 4.67 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Thursday, November 15th. Stockholders of record on Thursday, November 1st were paid a $0.29 dividend. The ex-dividend date was Wednesday, October 31st. This represents a $1.16 dividend on an annualized basis and a dividend yield of 0.92%. Casey’s General Stores’s dividend payout ratio (DPR) is presently 30.45%.

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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. The company's stores offer a selection of food, including freshly prepared foods, such as pizza, donuts, and sandwiches; beverage and tobacco products; health and beauty aids; automotive products; school supplies, housewares, and pet supplies; and other nonfood items.

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Institutional Ownership by Quarter for Casey`s General Stores (NASDAQ:CASY)

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