Trade Report: Today: Hennessy Advisors Inc. Sold shares of Casey’s General Stores Inc. (CASY)

Today: Hennessy Advisors Inc. Sold shares of Casey’s General Stores Inc. (CASY)

Hennessy Advisors Inc. reduced its stake in Casey’s General Stores Inc. (NASDAQ:CASY) by 12.5% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 295,900 shares of the company’s stock after selling 42,200 shares during the period. Casey’s General Stores comprises 1.0% of Hennessy Advisors Inc.’s portfolio, making the stock its 23rd largest position. Hennessy Advisors Inc.’s holdings in Casey’s General Stores were worth $35,552,000 at the end of the most recent reporting period.

Several other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its position in Casey’s General Stores by 0.3% in the second quarter. Vanguard Group Inc. now owns 3,155,845 shares of the company’s stock valued at $415,025,000 after buying an additional 8,720 shares during the period. Vontobel Asset Management Inc. increased its position in Casey’s General Stores by 281.7% in the third quarter. Vontobel Asset Management Inc. now owns 1,239,978 shares of the company’s stock valued at $153,090,000 after buying an additional 915,147 shares during the period. JPMorgan Chase & Co. increased its position in Casey’s General Stores by 145.7% in the second quarter. JPMorgan Chase & Co. now owns 1,000,438 shares of the company’s stock valued at $131,568,000 after buying an additional 593,186 shares during the period. Janus Capital Management LLC increased its position in Casey’s General Stores by 2.1% in the second quarter. Janus Capital Management LLC now owns 829,605 shares of the company’s stock valued at $109,101,000 after buying an additional 17,129 shares during the period. Finally, Aberdeen Asset Management PLC UK increased its position in Casey’s General Stores by 25.1% in the second quarter. Aberdeen Asset Management PLC UK now owns 515,110 shares of the company’s stock valued at $67,742,000 after buying an additional 103,231 shares during the period. 87.07% of the stock is currently owned by hedge funds and other institutional investors.

Casey’s General Stores Inc. (NASDAQ:CASY) traded down 0.42% on Monday, hitting $122.03. 236,360 shares of the stock were exchanged. Casey’s General Stores Inc. has a 52-week low of $98.80 and a 52-week high of $136.22. The firm has a market cap of $4.78 billion, a PE ratio of 20.82 and a beta of 0.41. The stock’s 50 day moving average price is $116.93 and its 200 day moving average price is $123.05.

Casey’s General Stores (NASDAQ:CASY) last released its quarterly earnings results on Tuesday, September 6th. The company reported $1.70 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.81 by $0.11. Casey’s General Stores had a net margin of 3.29% and a return on equity of 21.62%. The company earned $1.97 billion during the quarter. During the same quarter in the prior year, the company earned $1.57 earnings per share. The business’s revenue for the quarter was down 3.8% compared to the same quarter last year. Equities research analysts forecast that Casey’s General Stores Inc. will post $5.58 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, November 15th. Shareholders of record on Tuesday, November 1st were issued a $0.24 dividend. The ex-dividend date was Friday, October 28th. This represents a $0.96 dividend on an annualized basis and a yield of 0.79%. Casey’s General Stores’s payout ratio is currently 16.38%.

A number of equities research analysts recently issued reports on CASY shares. Wells Fargo & Co. reaffirmed a “hold” rating on shares of Casey’s General Stores in a research note on Thursday, September 8th. Deutsche Bank AG decreased their price target on shares of Casey’s General Stores from $141.00 to $135.00 and set a “buy” rating on the stock in a research note on Monday, September 12th. Royal Bank Of Canada upped their price target on shares of Casey’s General Stores from $139.00 to $145.00 and gave the company an “outperform” rating in a research note on Thursday, September 1st. Barclays PLC started coverage on shares of Casey’s General Stores in a research note on Thursday, September 22nd. They set an “equal weight” rating and a $116.00 price target on the stock. Finally, Jefferies Group upped their price target on shares of Casey’s General Stores from $113.00 to $137.00 and gave the company a “hold” rating in a research note on Monday, August 22nd. One analyst has rated the stock with a sell rating, three have given a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Casey’s General Stores currently has a consensus rating of “Buy” and an average price target of $135.30.

In other news, Director Richard A. Wilkey acquired 340 shares of the firm’s stock in a transaction on Wednesday, September 21st. The shares were bought at an average price of $117.80 per share, for a total transaction of $40,052.00. Following the acquisition, the director now owns 15,000 shares of the company’s stock, valued at approximately $1,767,000. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.30% of the stock is owned by company insiders.

About Casey’s General Stores

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.

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