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

EULAV Asset Management increased its position in shares of Casey’s General Stores, Inc. (NASDAQ:CASY) by 196.3% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 128,000 shares of the company’s stock after buying an additional 84,800 shares during the quarter. Casey’s General Stores comprises approximately 1.2% of EULAV Asset Management’s portfolio, making the stock its 24th largest position. EULAV Asset Management owned about 0.34% of Casey’s General Stores worth $48,091,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Advisors Asset Management Inc. increased its position in shares of Casey’s General Stores by 83.5% during the third quarter. Advisors Asset Management Inc. now owns 1,565 shares of the company’s stock valued at $588,000 after acquiring an additional 712 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its holdings in Casey’s General Stores by 227.3% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 13,430 shares of the company’s stock valued at $5,046,000 after purchasing an additional 9,327 shares during the last quarter. Commerce Bank raised its position in Casey’s General Stores by 1.6% in the third quarter. Commerce Bank now owns 12,428 shares of the company’s stock valued at $4,669,000 after purchasing an additional 194 shares during the period. Segall Bryant & Hamill LLC lifted its stake in Casey’s General Stores by 5.8% during the third quarter. Segall Bryant & Hamill LLC now owns 48,872 shares of the company’s stock worth $18,362,000 after purchasing an additional 2,679 shares in the last quarter. Finally, PNC Financial Services Group Inc. boosted its position in shares of Casey’s General Stores by 9.9% during the third quarter. PNC Financial Services Group Inc. now owns 14,725 shares of the company’s stock worth $5,532,000 after buying an additional 1,332 shares during the period. 85.63% of the stock is currently owned by institutional investors and hedge funds.

Casey’s General Stores Trading Up 1.7 %

Shares of Casey’s General Stores stock opened at $411.67 on Wednesday. The company has a fifty day simple moving average of $387.92 and a 200-day simple moving average of $371.17. Casey’s General Stores, Inc. has a 12-month low of $266.56 and a 12-month high of $420.27. The company has a current ratio of 0.84, a quick ratio of 0.44 and a debt-to-equity ratio of 0.44. The stock has a market cap of $15.28 billion, a price-to-earnings ratio of 29.96 and a beta of 0.79.

Casey’s General Stores (NASDAQ:CASY) last posted its quarterly earnings data on Wednesday, September 4th. The company reported $4.83 earnings per share for the quarter, topping analysts’ consensus estimates of $4.54 by $0.29. Casey’s General Stores had a return on equity of 17.07% and a net margin of 3.40%. The company had revenue of $4.10 billion during the quarter, compared to analysts’ expectations of $4.15 billion. During the same period last year, the firm earned $4.52 EPS. The firm’s revenue for the quarter was up 5.9% on a year-over-year basis. On average, equities analysts forecast that Casey’s General Stores, Inc. will post 14.24 EPS for the current fiscal year.

Casey’s General Stores Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Friday, November 1st were given a $0.50 dividend. The ex-dividend date was Friday, November 1st. This represents a $2.00 dividend on an annualized basis and a yield of 0.49%. Casey’s General Stores’s dividend payout ratio (DPR) is 14.56%.

Insider Buying and Selling at Casey’s General Stores

In other news, CEO Darren M. Rebelez sold 13,500 shares of Casey’s General Stores stock in a transaction dated Friday, September 6th. The shares were sold at an average price of $374.54, for a total value of $5,056,290.00. Following the sale, the chief executive officer now owns 73,838 shares of the company’s stock, valued at $27,655,284.52. The trade was a 15.46 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Thomas P. Brennan, Jr. sold 3,000 shares of the stock in a transaction dated Friday, September 6th. The stock was sold at an average price of $380.24, for a total transaction of $1,140,720.00. Following the transaction, the insider now directly owns 9,044 shares of the company’s stock, valued at $3,438,890.56. This represents a 24.91 % 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 corporate insiders.

Analyst Ratings Changes

CASY has been the topic of several research reports. JPMorgan Chase & Co. lowered Casey’s General Stores from a “neutral” rating to an “underweight” rating and increased their target price for the stock from $300.00 to $337.00 in a research note on Thursday, September 19th. Royal Bank of Canada raised their price objective on shares of Casey’s General Stores from $393.00 to $403.00 and gave the company a “sector perform” rating in a research note on Thursday, September 5th. StockNews.com cut shares of Casey’s General Stores from a “strong-buy” rating to a “buy” rating in a report on Saturday, August 3rd. Wells Fargo & Company increased their target price on shares of Casey’s General Stores from $415.00 to $425.00 and gave the stock an “overweight” rating in a report on Friday, September 6th. Finally, Evercore ISI boosted their price target on shares of Casey’s General Stores from $435.00 to $440.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 16th. One research analyst has rated the stock with a sell rating, three have given a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $408.25.

Casey’s General Stores 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.