Natixis Advisors L.P. raised its stake in Casey’s General Stores Inc (NASDAQ:CASY) by 5.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 43,504 shares of the company’s stock after purchasing an additional 2,170 shares during the period. Natixis Advisors L.P. owned about 0.12% of Casey’s General Stores worth $6,786,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently made changes to their positions in the company. FinTrust Capital Advisors LLC purchased a new stake in shares of Casey’s General Stores in the 1st quarter valued at approximately $29,000. Advisory Services Network LLC increased its holdings in Casey’s General Stores by 119.3% in the second quarter. Advisory Services Network LLC now owns 193 shares of the company’s stock valued at $31,000 after buying an additional 105 shares during the last quarter. Quadrant Capital Group LLC raised its stake in Casey’s General Stores by 170.3% in the first quarter. Quadrant Capital Group LLC now owns 346 shares of the company’s stock valued at $42,000 after buying an additional 218 shares in the last quarter. Kavar Capital Partners LLC acquired a new stake in Casey’s General Stores in the second quarter valued at $47,000. Finally, Rehmann Capital Advisory Group raised its stake in Casey’s General Stores by 188.4% in the first quarter. Rehmann Capital Advisory Group now owns 398 shares of the company’s stock valued at $51,000 after buying an additional 260 shares in the last quarter. Institutional investors and hedge funds own 87.60% of the company’s stock.

Shares of Casey’s General Stores stock traded down $2.75 on Wednesday, reaching $167.21. 9,465 shares of the stock were exchanged, compared to its average volume of 366,371. The firm has a market capitalization of $6.15 billion, a PE ratio of 30.60, a PEG ratio of 3.20 and a beta of 0.55. Casey’s General Stores Inc has a 1-year low of $116.23 and a 1-year high of $173.31. The business has a fifty day moving average price of $167.00 and a two-hundred day moving average price of $145.54. The company has a current ratio of 0.69, a quick ratio of 0.23 and a debt-to-equity ratio of 0.91.

Casey’s General Stores (NASDAQ:CASY) last announced its quarterly earnings data on Monday, September 9th. The company reported $2.31 EPS for the quarter, beating the Zacks’ consensus estimate of $2.03 by $0.28. Casey’s General Stores had a net margin of 2.34% and a return on equity of 15.84%. The firm had revenue of $2.63 billion during the quarter, compared to the consensus estimate of $2.59 billion. During the same quarter last year, the firm earned $1.90 earnings per share. The firm’s revenue was up 1.5% compared to the same quarter last year. Research analysts expect that Casey’s General Stores Inc will post 5.92 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Friday, November 1st will be given a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a yield of 0.77%. The ex-dividend date is Thursday, October 31st. Casey’s General Stores’s payout ratio is 23.23%.

Several research analysts have recently issued reports on the company. JPMorgan Chase & Co. upped their price objective on Casey’s General Stores from $140.00 to $152.00 and gave the stock a “neutral” rating in a research report on Friday, June 14th. Barclays increased their price objective on Casey’s General Stores from $140.00 to $170.00 and gave the company an “equal weight” rating in a report on Wednesday. G.Research lowered Casey’s General Stores from a “buy” rating to a “hold” rating in a report on Wednesday, August 7th. Royal Bank of Canada downgraded Casey’s General Stores from a “sector perform” rating to an “underperform” rating and lifted their target price for the company from $144.00 to $158.00 in a research note on Thursday, August 29th. Finally, Stephens boosted their target price on Casey’s General Stores from $181.00 to $197.00 and gave the company an “overweight” rating in a report on Wednesday. One analyst has rated the stock with a sell rating, eight have given a hold rating and five have assigned a buy rating to the stock. Casey’s General Stores presently has an average rating of “Hold” and a consensus price target of $170.30.

In other Casey’s General Stores news, SVP Brian Joseph Johnson sold 4,000 shares of the business’s stock in a transaction on Tuesday, July 2nd. The shares were sold at an average price of $156.48, for a total transaction of $625,920.00. Following the sale, the senior vice president now directly owns 14,817 shares in the company, valued at approximately $2,318,564.16. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director H Lynn Horak sold 3,000 shares of the company’s stock in a transaction on Friday, June 21st. The stock was sold at an average price of $154.55, for a total transaction of $463,650.00. The disclosure for this sale can be found here. Corporate insiders own 0.41% of the company’s stock.

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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