Casey’s General Stores, Inc. (NASDAQ:CASY) Holdings Boosted by Natixis Advisors L.P.

Natixis Advisors L.P. raised its position in shares of Casey’s General Stores, Inc. (NASDAQ:CASY) by 4.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 122,440 shares of the company’s stock after purchasing an additional 5,217 shares during the quarter. Natixis Advisors L.P. owned 0.33% of Casey’s General Stores worth $33,639,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. SG Americas Securities LLC lifted its stake in Casey’s General Stores by 68.6% in the 3rd quarter. SG Americas Securities LLC now owns 1,135 shares of the company’s stock worth $308,000 after acquiring an additional 462 shares in the last quarter. Commonwealth Equity Services LLC lifted its position in shares of Casey’s General Stores by 7.6% in the third quarter. Commonwealth Equity Services LLC now owns 16,639 shares of the company’s stock worth $4,518,000 after purchasing an additional 1,174 shares in the last quarter. Cambridge Investment Research Advisors Inc. lifted its position in shares of Casey’s General Stores by 1.9% in the third quarter. Cambridge Investment Research Advisors Inc. now owns 27,930 shares of the company’s stock worth $7,583,000 after purchasing an additional 528 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Casey’s General Stores by 20.1% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,290 shares of the company’s stock worth $1,979,000 after purchasing an additional 1,221 shares during the period. Finally, Invesco LLC grew its position in Casey’s General Stores by 7.2% during the third quarter. Invesco LLC now owns 2,342 shares of the company’s stock valued at $636,000 after purchasing an additional 157 shares in the last quarter. Hedge funds and other institutional investors own 85.63% of the company’s stock.

Analyst Ratings Changes

CASY has been the subject of a number of research analyst reports. Evercore ISI cut their target price on shares of Casey’s General Stores from $350.00 to $345.00 and set an “outperform” rating for the company in a research report on Tuesday, April 16th. Benchmark reissued a “buy” rating and set a $312.00 price objective on shares of Casey’s General Stores in a research report on Wednesday, March 6th. BMO Capital Markets upped their target price on Casey’s General Stores from $290.00 to $305.00 and gave the stock a “market perform” rating in a research report on Wednesday, March 13th. StockNews.com downgraded Casey’s General Stores from a “strong-buy” rating to a “buy” rating in a research note on Thursday, March 21st. Finally, Wells Fargo & Company boosted their price target on Casey’s General Stores from $305.00 to $340.00 and gave the company an “overweight” rating in a research note on Tuesday, March 5th. Two analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $312.63.

Casey’s General Stores Stock Down 0.8 %

Shares of CASY stock opened at $313.92 on Friday. The company has a market capitalization of $11.62 billion, a price-to-earnings ratio of 24.95, a PEG ratio of 2.28 and a beta of 0.82. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.42 and a current ratio of 0.89. The stock’s 50 day simple moving average is $310.66 and its 200 day simple moving average is $289.39. Casey’s General Stores, Inc. has a twelve month low of $212.50 and a twelve month high of $324.40.

Casey’s General Stores (NASDAQ:CASY) last released its quarterly earnings results on Tuesday, March 12th. The company reported $2.33 EPS for the quarter, beating analysts’ consensus estimates of $2.20 by $0.13. The company had revenue of $3.33 billion for the quarter, compared to analyst estimates of $3.51 billion. Casey’s General Stores had a net margin of 3.23% and a return on equity of 16.70%. The company’s quarterly revenue was down .1% compared to the same quarter last year. During the same quarter last year, the firm posted $2.36 earnings per share. As a group, research analysts predict that Casey’s General Stores, Inc. will post 12.81 EPS for the current year.

Casey’s General Stores Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Wednesday, May 1st will be issued a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a yield of 0.55%. The ex-dividend date is Tuesday, April 30th. Casey’s General Stores’s dividend payout ratio (DPR) is 13.67%.

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.