EULAV Asset Management Increases Holdings in Casey's General Stores, Inc. (NASDAQ:CASY)

EULAV Asset Management lifted its position in shares of Casey's General Stores, Inc. (NASDAQ:CASY - Free Report) by 26.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 161,500 shares of the company's stock after purchasing an additional 33,500 shares during the period. Casey's General Stores comprises 1.5% of EULAV Asset Management's investment portfolio, making the stock its 19th largest holding. EULAV Asset Management owned approximately 0.44% of Casey's General Stores worth $63,991,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. GAMMA Investing LLC increased its position in Casey's General Stores by 11.9% in the 3rd quarter. GAMMA Investing LLC now owns 773 shares of the company's stock valued at $290,000 after acquiring an additional 82 shares during the period. Atomi Financial Group Inc. grew its stake in shares of Casey's General Stores by 10.0% in the third quarter. Atomi Financial Group Inc. now owns 582 shares of the company's stock worth $219,000 after purchasing an additional 53 shares during the last quarter. UMB Bank n.a. grew its stake in shares of Casey's General Stores by 6.0% in the third quarter. UMB Bank n.a. now owns 2,483 shares of the company's stock worth $933,000 after purchasing an additional 140 shares during the last quarter. Evexia Wealth LLC increased its holdings in Casey's General Stores by 42.7% in the third quarter. Evexia Wealth LLC now owns 14,606 shares of the company's stock valued at $5,440,000 after purchasing an additional 4,369 shares during the period. Finally, Ritholtz Wealth Management raised its position in Casey's General Stores by 4.9% during the 3rd quarter. Ritholtz Wealth Management now owns 1,636 shares of the company's stock worth $615,000 after purchasing an additional 77 shares during the last quarter. Institutional investors and hedge funds own 85.63% of the company's stock.

Casey's General Stores Price Performance

Shares of CASY traded down $4.62 during midday trading on Tuesday, reaching $427.55. The stock had a trading volume of 263,207 shares, compared to its average volume of 261,693. The company has a market capitalization of $15.87 billion, a price-to-earnings ratio of 29.79, a price-to-earnings-growth ratio of 2.48 and a beta of 0.83. The company has a current ratio of 0.88, a quick ratio of 0.49 and a debt-to-equity ratio of 0.74. Casey's General Stores, Inc. has a 12-month low of $279.99 and a 12-month high of $439.68. The company's 50-day moving average is $409.15 and its 200 day moving average is $394.31.

Casey's General Stores (NASDAQ:CASY - Get Free Report) last posted its quarterly earnings results on Monday, December 9th. The company reported $4.85 earnings per share for the quarter, topping the consensus estimate of $4.29 by $0.56. The business had revenue of $3.95 billion during 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 firm's revenue for the quarter was down 2.9% on a year-over-year basis. During the same period in the previous year, the firm posted $4.24 earnings per share. On average, equities analysts predict that Casey's General Stores, Inc. will post 13.94 EPS for the current fiscal year.

Casey's General Stores Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, February 17th. Stockholders of record on Monday, February 3rd will be paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 0.47%. The ex-dividend date of this dividend is Monday, February 3rd. Casey's General Stores's dividend payout ratio (DPR) is 13.94%.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on CASY shares. BMO Capital Markets reissued a "market perform" rating and issued a $450.00 price target (up previously from $400.00) on shares of Casey's General Stores in a research note on Wednesday, December 18th. Gordon Haskett started 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. Evercore ISI boosted their price target on shares of Casey's General Stores from $460.00 to $470.00 and gave the stock an "outperform" rating in a research report on Friday, December 13th. StockNews.com cut shares of Casey's General Stores from a "buy" rating to a "hold" rating in a research report on Monday. Finally, Deutsche Bank Aktiengesellschaft boosted their target price on shares of Casey's General Stores from $451.00 to $454.00 and gave the company a "buy" rating in a report on Wednesday, November 6th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, Casey's General Stores currently has an average rating of "Moderate Buy" and an average target price of $424.00.

Insider Transactions at Casey's General Stores

In related news, Director Mike Spanos acquired 500 shares of Casey's General Stores stock in a transaction on Monday, December 23rd. The shares were acquired at an average cost of $396.76 per share, with a total value of $198,380.00. Following the transaction, the director now owns 3,097 shares in the company, valued at $1,228,765.72. This trade represents a 19.25 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Katrina S. Lindsey sold 450 shares of the firm's stock in a transaction dated 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 sale, the insider now owns 2,247 shares of the company's stock, valued at $959,761.11. This trade represents a 16.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.56% of the stock is currently owned by company insiders.

About Casey's General Stores

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.