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

Natixis boosted its position in Casey's General Stores, Inc. (NASDAQ:CASY - Free Report) by 21.9% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 8,337 shares of the company's stock after purchasing an additional 1,499 shares during the quarter. Natixis' holdings in Casey's General Stores were worth $3,303,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the company. Raymond James Financial Inc. bought a new stake in shares of Casey's General Stores during the 4th quarter worth about $236,500,000. Norges Bank bought a new stake in shares of Casey's General Stores during the 4th quarter worth about $175,607,000. Wellington Management Group LLP raised its position in shares of Casey's General Stores by 160.1% during the 4th quarter. Wellington Management Group LLP now owns 428,201 shares of the company's stock worth $169,666,000 after buying an additional 263,545 shares in the last quarter. Franklin Resources Inc. raised its position in shares of Casey's General Stores by 49.9% during the 3rd quarter. Franklin Resources Inc. now owns 524,237 shares of the company's stock worth $204,861,000 after buying an additional 174,586 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its position in shares of Casey's General Stores by 18.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 758,804 shares of the company's stock worth $285,090,000 after buying an additional 119,350 shares in the last quarter. 85.63% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Casey's General Stores

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

Casey's General Stores Stock Up 0.0 %

Casey's General Stores stock traded up $0.05 during trading hours on Friday, hitting $447.34. The company had a trading volume of 419,471 shares, compared to its average volume of 286,374. The firm has a market capitalization of $16.60 billion, a P/E ratio of 31.17, a price-to-earnings-growth ratio of 2.40 and a beta of 0.74. 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 firm's fifty day moving average is $423.31 and its 200-day moving average is $413.61. Casey's General Stores, Inc. has a fifty-two week low of $313.67 and a fifty-two week high of $468.88.

Casey's General Stores (NASDAQ:CASY - Get Free Report) last released its quarterly earnings data on Tuesday, March 11th. The company reported $2.33 earnings per share 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 company's revenue for the quarter was up 17.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.33 EPS. On average, research analysts forecast that Casey's General Stores, Inc. will post 13.94 earnings per share for the current year.

Casey's General Stores Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Thursday, May 1st will be paid a $0.50 dividend. The ex-dividend date of this dividend is Thursday, May 1st. This represents a $2.00 annualized dividend and a yield of 0.45%. Casey's General Stores's dividend payout ratio is presently 13.94%.

Analyst Upgrades and Downgrades

CASY has been the topic of a number of recent analyst reports. Gordon Haskett upgraded shares of Casey's General Stores from a "hold" rating to a "buy" rating in a research report on Thursday, February 13th. StockNews.com lowered shares of Casey's General Stores from a "buy" rating to a "hold" rating in a research note on Saturday, March 8th. KeyCorp assumed coverage on shares of Casey's General Stores in a research note on Friday, April 11th. They set an "overweight" rating and a $500.00 target price for the company. Evercore ISI increased their target price on shares of Casey's General Stores from $450.00 to $460.00 and gave the company an "outperform" rating in a research note on Tuesday, April 1st. Finally, Royal Bank of Canada set a $438.00 target price on shares of Casey's General Stores and gave the company a "sector perform" rating in a research note on Wednesday, March 12th. One investment analyst has rated the stock with a sell rating, three have given a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat, Casey's General Stores has an average rating of "Moderate Buy" and an average target price of $430.33.

Casey's General Stores Company 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.