Natixis Grows Stock Holdings in Casey's General Stores, Inc. (NASDAQ:CASY)

Natixis lifted its holdings in Casey's General Stores, Inc. (NASDAQ:CASY - Free Report) by 21.9% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 8,337 shares of the company's stock after purchasing an additional 1,499 shares during the period. Natixis' holdings in Casey's General Stores were worth $3,303,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in the business. Claret Asset Management Corp acquired a new stake in Casey's General Stores in the fourth quarter valued at approximately $208,000. Curi RMB Capital LLC acquired a new position in Casey's General Stores during the 4th quarter worth approximately $6,116,000. Dimensional Fund Advisors LP increased its position in shares of Casey's General Stores by 3.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 502,979 shares of the company's stock valued at $199,302,000 after purchasing an additional 17,539 shares during the last quarter. CANADA LIFE ASSURANCE Co raised its holdings in shares of Casey's General Stores by 13.8% in the 4th quarter. CANADA LIFE ASSURANCE Co now owns 24,593 shares of the company's stock valued at $9,743,000 after purchasing an additional 2,983 shares in the last quarter. Finally, Dean Investment Associates LLC grew its stake in shares of Casey's General Stores by 4.5% during the fourth quarter. Dean Investment Associates LLC now owns 7,072 shares of the company's stock worth $2,802,000 after purchasing an additional 305 shares in the last quarter. 85.63% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Casey's General Stores news, Director Mike Spanos bought 256 shares of the business's stock in a transaction on Thursday, March 13th. The stock was bought at an average price of $390.54 per share, for a total transaction of $99,978.24. Following the completion of the transaction, the director now owns 3,356 shares in the company, valued at approximately $1,310,652.24. The trade was a 8.26 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Katrina S. Lindsey sold 250 shares of the firm's stock in a transaction that occurred on 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 of the company's stock, valued at approximately $1,067,615.43. This trade represents a 9.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.56% of the company's stock.

Analyst Ratings Changes

A number of analysts have issued reports on CASY shares. Gordon Haskett raised Casey's General Stores from a "hold" rating to a "buy" rating in a report on Thursday, February 13th. Royal Bank of Canada set a $438.00 price target on Casey's General Stores and gave the company a "sector perform" rating in a report on Wednesday, March 12th. KeyCorp initiated coverage on shares of Casey's General Stores in a report on Friday, April 11th. They set an "overweight" rating and a $500.00 price objective on the stock. Stephens raised shares of Casey's General Stores to a "strong-buy" rating in a research report on Monday, April 7th. Finally, StockNews.com cut shares of Casey's General Stores from a "buy" rating to a "hold" rating in a research report on Saturday, March 8th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, eight have assigned a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $430.33.

Casey's General Stores Stock Performance

CASY traded up $0.05 during trading on Friday, hitting $447.34. The stock had a trading volume of 419,471 shares, compared to its average volume of 286,009. The firm has a market capitalization of $16.60 billion, a P/E ratio of 31.17, a PEG ratio of 2.40 and a beta of 0.74. Casey's General Stores, Inc. has a twelve month low of $313.67 and a twelve month high of $468.88. The company's 50-day moving average price is $422.88 and its 200 day moving average price is $412.77. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.49 and a current ratio of 0.88.

Casey's General Stores (NASDAQ:CASY - Get Free Report) last posted its quarterly earnings results on Tuesday, March 11th. The company reported $2.33 earnings per share for the quarter, beating analysts' consensus estimates of $1.76 by $0.57. The firm had revenue of $3.90 billion for the quarter, compared to the consensus estimate of $3.74 billion. Casey's General Stores had a return on equity of 17.17% and a net margin of 3.57%. The company's revenue for the quarter was up 17.2% compared to the same quarter last year. During the same period in the previous year, the business earned $2.33 earnings per share. On average, equities research analysts forecast that Casey's General Stores, Inc. will post 13.94 EPS for the current fiscal year.

Casey's General Stores Announces Dividend

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

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.