Natixis Has $3.30 Million Holdings in Casey’s General Stores, Inc. (NASDAQ:CASY)

Natixis increased its stake in shares of Casey’s General Stores, Inc. (NASDAQ:CASY) by 21.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 8,337 shares of the company’s stock after acquiring an additional 1,499 shares during the period. Natixis’ holdings in Casey’s General Stores were worth $3,303,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the stock. YANKCOM Partnership acquired a new position in Casey’s General Stores during the fourth quarter worth $34,000. Endeavor Private Wealth Inc. bought a new position in shares of Casey’s General Stores in the 4th quarter valued at about $36,000. MassMutual Private Wealth & Trust FSB increased its position in shares of Casey’s General Stores by 24.2% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 149 shares of the company’s stock valued at $59,000 after acquiring an additional 29 shares during the last quarter. Heck Capital Advisors LLC acquired a new position in Casey’s General Stores during the fourth quarter valued at approximately $79,000. Finally, V Square Quantitative Management LLC increased its position in shares of Casey’s General Stores by 32.9% during the 4th quarter. V Square Quantitative Management LLC now owns 210 shares of the company’s stock worth $83,000 after purchasing an additional 52 shares during the last quarter. 85.63% of the stock is owned by institutional investors.

Casey’s General Stores Price Performance

Shares of NASDAQ CASY opened at $451.70 on Tuesday. The stock has a market capitalization of $16.77 billion, a PE ratio of 31.48, a P/E/G ratio of 2.40 and a beta of 0.74. Casey’s General Stores, Inc. has a fifty-two week low of $309.51 and a fifty-two week high of $468.88. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.88 and a quick ratio of 0.49. The business has a fifty day moving average price of $421.79 and a two-hundred day moving average price of $411.62.

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

Casey’s General Stores Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Thursday, May 1st will be paid a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 0.44%. The ex-dividend date is Thursday, May 1st. Casey’s General Stores’s dividend payout ratio (DPR) is presently 13.94%.

Insiders Place Their Bets

In other news, Director Mike Spanos bought 256 shares of the stock in a transaction on Thursday, March 13th. The stock was acquired at an average price of $390.54 per share, with a total value of $99,978.24. Following the acquisition, the director now directly owns 3,356 shares in the company, valued at approximately $1,310,652.24. This trade represents a 8.26 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Katrina S. Lindsey sold 250 shares of Casey’s General Stores stock in a transaction dated Friday, April 4th. The shares were sold at an average price of $437.01, for a total value of $109,252.50. Following the sale, the insider now directly owns 2,443 shares in the company, valued at $1,067,615.43. The trade was a 9.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.56% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the stock. Evercore ISI boosted their target price on shares of Casey’s General Stores from $450.00 to $460.00 and gave the stock an “outperform” rating in a report on Tuesday, April 1st. Royal Bank of Canada set a $438.00 price target on Casey’s General Stores and gave the stock a “sector perform” rating in a report on Wednesday, March 12th. KeyCorp initiated coverage on Casey’s General Stores in a research report on Friday, April 11th. They issued an “overweight” rating and a $500.00 price objective for the company. StockNews.com cut Casey’s General Stores from a “buy” rating to a “hold” rating in a research note on Saturday, March 8th. Finally, Stephens upgraded shares of Casey’s General Stores to a “strong-buy” rating in a report on Monday, April 7th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, eight have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $430.33.

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.