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

Natixis Advisors LLC lessened its stake in shares of Casey’s General Stores, Inc. (NASDAQ:CASY) by 1.7% during the third quarter, HoldingsChannel.com reports. The fund owned 57,861 shares of the company’s stock after selling 1,001 shares during the quarter. Natixis Advisors LLC’s holdings in Casey’s General Stores were worth $21,739,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Park Place Capital Corp purchased a new stake in Casey’s General Stores during the 2nd quarter valued at $31,000. Advisors Asset Management Inc. purchased a new stake in Casey’s General Stores during the first quarter valued at $32,000. Innealta Capital LLC bought a new position in Casey’s General Stores in the second quarter valued at about $32,000. Bank & Trust Co purchased a new position in Casey’s General Stores in the second quarter worth about $40,000. Finally, Venturi Wealth Management LLC grew its stake in shares of Casey’s General Stores by 941.7% during the 3rd quarter. Venturi Wealth Management LLC now owns 125 shares of the company’s stock valued at $47,000 after purchasing an additional 113 shares during the period. 85.63% of the stock is currently owned by institutional investors.

Casey’s General Stores Trading Up 0.8 %

Shares of Casey’s General Stores stock 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. The firm has a market cap of $15.02 billion, a price-to-earnings ratio of 29.45 and a beta of 0.79. Casey’s General Stores, Inc. has a twelve month low of $266.56 and a twelve month high of $420.27. The business has a 50-day moving average price of $387.19 and a 200-day moving average price of $370.48.

Casey’s General Stores (NASDAQ:CASY) last released its quarterly earnings data on Wednesday, September 4th. The company reported $4.83 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.54 by $0.29. The business had revenue of $4.10 billion for the quarter, compared to the consensus estimate 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 was up 5.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $4.52 EPS. Equities research analysts anticipate that Casey’s General Stores, Inc. will post 14.24 EPS for the current fiscal year.

Casey’s General Stores Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of brokerages have commented on CASY. Royal Bank of Canada upped their target price on shares of Casey’s General Stores from $393.00 to $403.00 and gave the company a “sector perform” rating in a report on Thursday, September 5th. Wells Fargo & Company increased their price objective on shares of Casey’s General Stores from $415.00 to $425.00 and gave the stock an “overweight” rating in a research note on Friday, September 6th. Benchmark restated a “buy” rating and set a $410.00 price objective on shares of Casey’s General Stores in a research report on Tuesday, September 10th. Evercore ISI upped their target price on shares of 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 began coverage on Casey’s General Stores in a research note on Monday, September 23rd. They issued a “buy” rating and a $435.00 price target for the company. One analyst has rated the stock with a sell rating, three have given a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $408.25.

Insider Transactions at Casey’s General Stores

In other news, CEO Darren M. Rebelez sold 13,500 shares of the firm’s stock in a transaction dated Friday, September 6th. The shares were sold at an average price of $374.54, for a total value of $5,056,290.00. Following the completion of the sale, the chief executive officer now owns 73,838 shares in the company, valued at approximately $27,655,284.52. This trade represents a 15.46 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Mike Spanos purchased 267 shares of the company’s stock in a transaction that occurred on Wednesday, September 18th. The shares were purchased at an average cost of $376.18 per share, with a total value of $100,440.06. Following the completion of the purchase, the director now owns 2,594 shares in the company, valued at $975,810.92. This trade represents a 11.47 % increase in their position. The disclosure for this purchase can be found here. Insiders own 0.56% of the company’s stock.

Casey’s General Stores Company 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.