Natixis Advisors LLC Sells 1,001 Shares of Casey’s General Stores, Inc. (NASDAQ:CASY)

Natixis Advisors LLC lowered its position in shares of Casey’s General Stores, Inc. (NASDAQ:CASY) by 1.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 57,861 shares of the company’s stock after selling 1,001 shares during the period. Natixis Advisors LLC owned 0.16% of Casey’s General Stores worth $21,739,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Janus Henderson Group PLC raised its holdings in shares of Casey’s General Stores by 1.4% in the 1st quarter. Janus Henderson Group PLC now owns 768,060 shares of the company’s stock valued at $244,592,000 after acquiring an additional 10,841 shares in the last quarter. Dimensional Fund Advisors LP grew its position in Casey’s General Stores by 3.2% in the second quarter. Dimensional Fund Advisors LP now owns 468,650 shares of the company’s stock worth $178,822,000 after acquiring an additional 14,750 shares in the last quarter. Envestnet Asset Management Inc. increased its stake in Casey’s General Stores by 20.4% in the second quarter. Envestnet Asset Management Inc. now owns 458,044 shares of the company’s stock valued at $174,771,000 after acquiring an additional 77,515 shares during the last quarter. International Assets Investment Management LLC purchased a new stake in Casey’s General Stores during the third quarter valued at about $959,880,000. Finally, Raymond James & Associates lifted its stake in Casey’s General Stores by 2.9% during the third quarter. Raymond James & Associates now owns 219,462 shares of the company’s stock worth $82,454,000 after purchasing an additional 6,170 shares during the last quarter. Institutional investors own 85.63% of the company’s stock.

Wall Street Analyst Weigh In

CASY has been the subject of a number of recent research reports. StockNews.com downgraded Casey’s General Stores from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 3rd. Benchmark reissued a “buy” rating and issued a $410.00 price target on shares of Casey’s General Stores in a research note on Tuesday, September 10th. Gordon Haskett began coverage on shares of Casey’s General Stores in a research report on Monday, November 4th. They set a “hold” rating and a $400.00 price target for the company. Evercore ISI lifted their price objective on Casey’s General Stores from $435.00 to $440.00 and gave the stock an “outperform” rating in a report on Wednesday, October 16th. Finally, Melius Research started coverage on Casey’s General Stores in a report on Monday, September 23rd. They set a “buy” rating and a $435.00 target price for the company. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $408.25.

Insider Activity

In other Casey’s General Stores news, insider Thomas P. Brennan, Jr. sold 3,000 shares of the firm’s stock in a transaction dated Friday, September 6th. The shares were sold at an average price of $380.24, for a total transaction of $1,140,720.00. Following the completion of the sale, the insider now directly owns 9,044 shares in the company, valued at approximately $3,438,890.56. This trade represents a 24.91 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Darren M. Rebelez sold 13,500 shares of Casey’s General Stores stock in a transaction dated Friday, September 6th. The stock was sold at an average price of $374.54, for a total transaction of $5,056,290.00. Following the completion of the transaction, the chief executive officer now directly owns 73,838 shares of the company’s stock, valued at $27,655,284.52. This trade represents a 15.46 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.56% of the company’s stock.

Casey’s General Stores Trading Up 0.8 %

CASY opened at $404.60 on Tuesday. The company has a quick ratio of 0.44, a current ratio of 0.84 and a debt-to-equity ratio of 0.44. Casey’s General Stores, Inc. has a 52 week low of $266.56 and a 52 week high of $420.27. The stock has a market cap of $15.02 billion, a PE ratio of 29.45 and a beta of 0.79. The business has a 50 day moving average of $387.19 and a 200-day moving average of $370.48.

Casey’s General Stores (NASDAQ:CASY) last announced its quarterly earnings data on Wednesday, September 4th. The company reported $4.83 EPS for the quarter, beating the consensus estimate of $4.54 by $0.29. The business had revenue of $4.10 billion during the quarter, compared to analyst estimates of $4.15 billion. Casey’s General Stores had a return on equity of 17.07% and a net margin of 3.40%. The company’s revenue for the quarter was up 5.9% on a year-over-year basis. During the same quarter last year, the firm posted $4.52 earnings per share. Equities research analysts predict that Casey’s General Stores, Inc. will post 14.24 earnings per share for the current fiscal year.

Casey’s General Stores Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Friday, November 1st were issued a dividend of $0.50 per share. The ex-dividend date of this dividend was Friday, November 1st. This represents a $2.00 annualized dividend and a dividend yield of 0.49%. Casey’s General Stores’s payout ratio is 14.56%.

About Casey’s General Stores

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.