Natixis Advisors LLC Sells 2,350 Shares of Casey’s General Stores, Inc. (NASDAQ:CASY)

Natixis Advisors LLC lowered its holdings in shares of Casey’s General Stores, Inc. (NASDAQ:CASY) by 4.1% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 55,511 shares of the company’s stock after selling 2,350 shares during the period. Natixis Advisors LLC owned about 0.15% of Casey’s General Stores worth $21,995,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Soros Capital Management LLC grew its position in shares of Casey’s General Stores by 1,825.6% in the 3rd quarter. Soros Capital Management LLC now owns 27,632 shares of the company’s stock valued at $10,382,000 after buying an additional 26,197 shares during the last quarter. Sanctuary Advisors LLC lifted its stake in shares of Casey’s General Stores by 55.6% in the fourth quarter. Sanctuary Advisors LLC now owns 8,579 shares of the company’s stock worth $3,629,000 after acquiring an additional 3,065 shares during the period. PNC Financial Services Group Inc. boosted its holdings in Casey’s General Stores by 9.9% in the third quarter. PNC Financial Services Group Inc. now owns 14,725 shares of the company’s stock valued at $5,532,000 after acquiring an additional 1,332 shares during the last quarter. JLB & Associates Inc. increased its position in Casey’s General Stores by 1.8% during the 4th quarter. JLB & Associates Inc. now owns 43,029 shares of the company’s stock valued at $17,049,000 after purchasing an additional 749 shares during the period. Finally, South Dakota Investment Council raised its holdings in Casey’s General Stores by 28.0% during the 4th quarter. South Dakota Investment Council now owns 10,065 shares of the company’s stock worth $3,988,000 after purchasing an additional 2,200 shares during the last quarter. Institutional investors own 85.63% of the company’s stock.

Insider Transactions at Casey’s General Stores

In other Casey’s General Stores news, Director Mike Spanos purchased 256 shares of the company’s stock in a transaction that occurred on Thursday, March 13th. The shares were acquired at an average cost of $390.54 per share, for a total transaction of $99,978.24. Following the completion of the acquisition, the director now owns 3,356 shares of the company’s stock, valued at $1,310,652.24. The trade was a 8.26 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.56% of the company’s stock.

Casey’s General Stores Price Performance

Shares of NASDAQ CASY opened at $399.68 on Tuesday. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.49 and a current ratio of 0.88. The firm’s 50-day simple moving average is $409.58 and its 200 day simple moving average is $400.36. The stock has a market cap of $14.84 billion, a price-to-earnings ratio of 27.85, a PEG ratio of 2.40 and a beta of 0.87. Casey’s General Stores, Inc. has a fifty-two week low of $303.95 and a fifty-two week high of $445.17.

Casey’s General Stores (NASDAQ:CASY) last released its quarterly earnings results on Tuesday, March 11th. The company reported $2.33 EPS for the quarter, beating analysts’ consensus estimates of $1.76 by $0.57. The business had revenue of $3.90 billion during the quarter, compared to analyst estimates of $3.74 billion. Casey’s General Stores had a return on equity of 17.17% and a net margin of 3.57%. Casey’s General Stores’s quarterly revenue was up 17.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.33 EPS. As a group, research analysts anticipate that Casey’s General Stores, Inc. will post 13.94 earnings per share for the current fiscal year.

Casey’s General Stores Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Thursday, May 1st will be given a dividend of $0.50 per share. The ex-dividend date of this dividend is Thursday, May 1st. This represents a $2.00 annualized dividend and a dividend yield of 0.50%. Casey’s General Stores’s dividend payout ratio is currently 13.94%.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the stock. Evercore ISI decreased their price objective on shares of Casey’s General Stores from $460.00 to $450.00 and set an “outperform” rating for the company in a research report on Tuesday, March 11th. BMO Capital Markets reissued a “market perform” rating and issued a $450.00 price objective (up from $400.00) on shares of Casey’s General Stores in a research report on Wednesday, December 18th. Gordon Haskett upgraded Casey’s General Stores from a “hold” rating to a “buy” rating in a research report on Thursday, February 13th. Royal Bank of Canada set a $438.00 target price on Casey’s General Stores and gave the stock a “sector perform” rating in a research note on Wednesday, March 12th. Finally, StockNews.com cut Casey’s General Stores from a “buy” rating to a “hold” rating in a report on Saturday, March 8th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $423.09.

Casey’s General Stores Profile

Casey’s General Stores, Inc engages in the provision of 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.