Oddo BHF Asset Management Sas Invests $899,000 in Casey’s General Stores, Inc. (NASDAQ:CASY)

Oddo BHF Asset Management Sas purchased a new stake in shares of Casey’s General Stores, Inc. (NASDAQ:CASY) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 2,392 shares of the company’s stock, valued at approximately $899,000.

Several other institutional investors have also recently bought and sold shares of CASY. Private Trust Co. NA grew its stake in shares of Casey’s General Stores by 1.3% during the third quarter. Private Trust Co. NA now owns 2,072 shares of the company’s stock valued at $778,000 after purchasing an additional 27 shares during the last quarter. V Square Quantitative Management LLC lifted its holdings in Casey’s General Stores by 22.5% during the 3rd quarter. V Square Quantitative Management LLC now owns 158 shares of the company’s stock worth $59,000 after buying an additional 29 shares in the last quarter. Verus Capital Partners LLC increased its stake in shares of Casey’s General Stores by 3.1% in the 3rd quarter. Verus Capital Partners LLC now owns 991 shares of the company’s stock valued at $372,000 after buying an additional 30 shares during the period. CIBC Asset Management Inc raised its position in shares of Casey’s General Stores by 3.3% during the third quarter. CIBC Asset Management Inc now owns 1,078 shares of the company’s stock worth $405,000 after acquiring an additional 34 shares during the last quarter. Finally, Oppenheimer & Co. Inc. raised its position in shares of Casey’s General Stores by 0.3% during the second quarter. Oppenheimer & Co. Inc. now owns 12,769 shares of the company’s stock worth $4,872,000 after acquiring an additional 37 shares during the last quarter. Institutional investors own 85.63% of the company’s stock.

Insiders Place Their Bets

In other Casey’s General Stores news, insider Katrina S. Lindsey sold 450 shares of the company’s stock in a transaction that occurred on Thursday, December 12th. The stock was sold at an average price of $427.13, for a total transaction of $192,208.50. Following the completion of the transaction, the insider now owns 2,247 shares of the company’s stock, valued at $959,761.11. This represents a 16.69 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Mike Spanos acquired 267 shares of the stock in a transaction dated Wednesday, September 18th. The stock was acquired at an average price of $376.18 per share, for a total transaction of $100,440.06. Following the completion of the acquisition, the director now directly owns 2,594 shares of the company’s stock, valued at $975,810.92. The trade was a 11.47 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 0.56% of the company’s stock.

Casey’s General Stores Trading Down 0.1 %

NASDAQ CASY opened at $425.27 on Friday. Casey’s General Stores, Inc. has a one year low of $266.58 and a one year high of $439.68. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.88 and a quick ratio of 0.44. The firm has a market cap of $15.79 billion, a P/E ratio of 29.64 and a beta of 0.80. The stock’s 50-day moving average is $405.04 and its 200-day moving average is $381.71.

Casey’s General Stores (NASDAQ:CASY) last announced its earnings results on Monday, December 9th. The company reported $4.85 EPS for the quarter, topping the consensus estimate of $4.29 by $0.56. The firm had revenue of $3.95 billion for the quarter, compared to the consensus estimate of $4.03 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 down 2.9% on a year-over-year basis. During the same period last year, the company posted $4.24 EPS. Sell-side analysts anticipate that Casey’s General Stores, Inc. will post 14.28 earnings per share for the current fiscal year.

Casey’s General Stores Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, February 17th. Investors of record on Monday, February 3rd will be paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 0.47%. The ex-dividend date of this dividend is Monday, February 3rd. Casey’s General Stores’s payout ratio is presently 13.94%.

Analyst Ratings Changes

A number of brokerages recently commented on CASY. Royal Bank of Canada lifted their price objective on Casey’s General Stores from $403.00 to $428.00 and gave the stock a “sector perform” rating in a research report on Tuesday, December 10th. StockNews.com downgraded shares of Casey’s General Stores from a “strong-buy” rating to a “buy” rating in a research note on Friday. JPMorgan Chase & Co. cut shares of Casey’s General Stores from a “neutral” rating to an “underweight” rating and raised their price objective for the company from $300.00 to $337.00 in a research note on Thursday, September 19th. Gordon Haskett assumed 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 target price for the company. Finally, Melius Research began coverage on Casey’s General Stores in a research report on Monday, September 23rd. They issued a “buy” rating and a $435.00 price target on the stock. One analyst has rated the stock with a sell rating, three have issued a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $419.45.

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. 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.