Natixis Advisors LLC Has $26.38 Million Holdings in Casey’s General Stores, Inc. $CASY

Natixis Advisors LLC decreased its position in Casey’s General Stores, Inc. (NASDAQ:CASY) by 6.4% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 47,731 shares of the company’s stock after selling 3,271 shares during the period. Natixis Advisors LLC’s holdings in Casey’s General Stores were worth $26,381,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Foster Dykema Cabot & Partners LLC acquired a new position in Casey’s General Stores in the third quarter valued at $25,000. Westside Investment Management Inc. lifted its holdings in Casey’s General Stores by 100.0% in the third quarter. Westside Investment Management Inc. now owns 46 shares of the company’s stock valued at $26,000 after buying an additional 23 shares during the period. True Wealth Design LLC lifted its holdings in Casey’s General Stores by 350.0% in the fourth quarter. True Wealth Design LLC now owns 54 shares of the company’s stock valued at $30,000 after buying an additional 42 shares during the period. Central Pacific Bank Trust Division lifted its holdings in Casey’s General Stores by 52.8% in the fourth quarter. Central Pacific Bank Trust Division now owns 55 shares of the company’s stock valued at $30,000 after buying an additional 19 shares during the period. Finally, Atlantic Union Bankshares Corp acquired a new position in Casey’s General Stores in the third quarter valued at $33,000. Institutional investors and hedge funds own 85.63% of the company’s stock.

Insider Buying and Selling at Casey’s General Stores

In other Casey’s General Stores news, insider Katrina S. Lindsey sold 200 shares of Casey’s General Stores stock in a transaction on Wednesday, March 11th. The shares were sold at an average price of $683.04, for a total value of $136,608.00. Following the completion of the sale, the insider directly owned 4,039 shares of the company’s stock, valued at approximately $2,758,798.56. The trade was a 4.72% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Mike Spanos purchased 300 shares of the firm’s stock in a transaction on Friday, March 13th. The stock was bought at an average cost of $665.43 per share, with a total value of $199,629.00. Following the completion of the purchase, the director owned 4,499 shares of the company’s stock, valued at approximately $2,993,769.57. This represents a 7.14% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders own 0.54% of the company’s stock.

Casey’s General Stores Trading Down 1.6%

CASY opened at $761.57 on Friday. Casey’s General Stores, Inc. has a 1-year low of $433.63 and a 1-year high of $901.00. The company has a current ratio of 1.04, a quick ratio of 0.64 and a debt-to-equity ratio of 0.61. The company has a market cap of $28.15 billion, a P/E ratio of 43.72, a price-to-earnings-growth ratio of 2.14 and a beta of 0.61. The company has a fifty day moving average price of $787.40 and a two-hundred day moving average price of $674.78.

Casey’s General Stores (NASDAQ:CASY) last posted its quarterly earnings results on Monday, March 9th. The company reported $3.49 earnings per share for the quarter, beating the consensus estimate of $2.94 by $0.55. Casey’s General Stores had a net margin of 3.83% and a return on equity of 17.56%. The firm had revenue of $3.92 billion during the quarter, compared to the consensus estimate of $4.08 billion. During the same period in the previous year, the firm posted $2.33 earnings per share. The business’s revenue was up .3% compared to the same quarter last year. Analysts predict that Casey’s General Stores, Inc. will post 18.19 EPS for the current fiscal year.

Wall Street Analyst Weigh In

CASY has been the topic of several recent analyst reports. Evercore restated an “outperform” rating and issued a $915.00 target price on shares of Casey’s General Stores in a report on Monday, May 18th. Zacks Research upgraded shares of Casey’s General Stores from a “hold” rating to a “strong-buy” rating in a report on Thursday, April 23rd. JPMorgan Chase & Co. initiated coverage on shares of Casey’s General Stores in a report on Thursday, March 26th. They issued a “neutral” rating and a $719.00 target price on the stock. Stephens restated an “overweight” rating and issued a $680.00 target price on shares of Casey’s General Stores in a report on Tuesday, March 10th. Finally, William Blair initiated coverage on shares of Casey’s General Stores in a report on Wednesday, May 20th. They issued an “outperform” rating on the stock. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $761.36.

Casey’s General Stores Company Profile

Casey’s General Stores, Inc (NASDAQ: CASY) is a U.S.-based convenience store chain that operates retail fuel stations and food-focused convenience outlets. Founded in 1959 in Boone, Iowa, the company has grown from a single neighborhood store into a regional operator known for combining traditional convenience retailing—fuel, packaged goods and tobacco—with a larger emphasis on fresh and prepared foods.

The company’s stores typically offer gasoline and diesel alongside a range of grocery essentials, grab-and-go items and made-to-order foodservice.