Allspring Global Investments Holdings LLC Sells 1,629 Shares of Casey’s General Stores, Inc. (NASDAQ:CASY)

Allspring Global Investments Holdings LLC trimmed its position in Casey’s General Stores, Inc. (NASDAQ:CASY) by 6.7% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 22,647 shares of the company’s stock after selling 1,629 shares during the period. Allspring Global Investments Holdings LLC owned 0.06% of Casey’s General Stores worth $6,222,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Comerica Bank bought a new position in Casey’s General Stores during the 3rd quarter worth $5,834,000. Quantbot Technologies LP bought a new position in Casey’s General Stores during the 3rd quarter worth $1,336,000. Lord Abbett & CO. LLC bought a new position in Casey’s General Stores during the 3rd quarter worth $21,993,000. O Shaughnessy Asset Management LLC raised its position in Casey’s General Stores by 114.1% during the 3rd quarter. O Shaughnessy Asset Management LLC now owns 6,297 shares of the company’s stock worth $1,710,000 after purchasing an additional 3,356 shares during the last quarter. Finally, Zions Bancorporation N.A. raised its position in Casey’s General Stores by 2.7% during the 3rd quarter. Zions Bancorporation N.A. now owns 6,184 shares of the company’s stock worth $1,679,000 after purchasing an additional 161 shares during the last quarter. 85.63% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

CASY has been the subject of several analyst reports. BMO Capital Markets raised their target price on Casey’s General Stores from $290.00 to $305.00 and gave the stock a “market perform” rating in a research report on Wednesday, March 13th. StockNews.com lowered Casey’s General Stores from a “strong-buy” rating to a “buy” rating in a research report on Thursday, March 21st. Evercore ISI decreased their price target on Casey’s General Stores from $350.00 to $345.00 and set an “outperform” rating for the company in a report on Tuesday. Benchmark reiterated a “buy” rating and set a $312.00 price target on shares of Casey’s General Stores in a report on Wednesday, March 6th. Finally, Wells Fargo & Company increased their price target on Casey’s General Stores from $305.00 to $340.00 and gave the stock an “overweight” rating in a report on Tuesday, March 5th. Two research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $312.63.

Casey’s General Stores Stock Performance

Shares of CASY opened at $309.40 on Friday. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.89 and a quick ratio of 0.42. The stock has a 50-day moving average of $304.37 and a 200-day moving average of $285.78. The company has a market cap of $11.45 billion, a PE ratio of 24.59, a P/E/G ratio of 2.50 and a beta of 0.83. Casey’s General Stores, Inc. has a one year low of $212.50 and a one year high of $324.40.

Casey’s General Stores (NASDAQ:CASY) last issued its earnings results on Tuesday, March 12th. The company reported $2.33 EPS for the quarter, beating the consensus estimate of $2.20 by $0.13. The company had revenue of $3.33 billion during the quarter, compared to the consensus estimate of $3.51 billion. Casey’s General Stores had a return on equity of 16.70% and a net margin of 3.23%. The firm’s revenue for the quarter was down .1% compared to the same quarter last year. During the same period last year, the business posted $2.36 EPS. On average, equities research analysts predict that Casey’s General Stores, Inc. will post 12.81 EPS for the current fiscal year.

Casey’s General Stores Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Wednesday, May 1st will be paid a $0.43 dividend. The ex-dividend date is Tuesday, April 30th. This represents a $1.72 annualized dividend and a dividend yield of 0.56%. Casey’s General Stores’s dividend payout ratio is presently 13.67%.

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. 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.