EULAV Asset Management Has $63.99 Million Position in Casey’s General Stores, Inc. (NASDAQ:CASY)

EULAV Asset Management grew its holdings in Casey’s General Stores, Inc. (NASDAQ:CASY) by 26.2% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 161,500 shares of the company’s stock after buying an additional 33,500 shares during the quarter. Casey’s General Stores accounts for approximately 1.5% of EULAV Asset Management’s holdings, making the stock its 19th biggest holding. EULAV Asset Management owned 0.44% of Casey’s General Stores worth $63,991,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in CASY. International Assets Investment Management LLC acquired a new position in Casey’s General Stores in the third quarter worth about $959,880,000. Franklin Resources Inc. grew its stake in shares of Casey’s General Stores by 49.9% in the 3rd quarter. Franklin Resources Inc. now owns 524,237 shares of the company’s stock valued at $204,861,000 after purchasing an additional 174,586 shares during the period. Benjamin Edwards Inc. raised its holdings in shares of Casey’s General Stores by 1,819.1% in the 3rd quarter. Benjamin Edwards Inc. now owns 130,291 shares of the company’s stock worth $48,959,000 after buying an additional 123,502 shares in the last quarter. Wellington Management Group LLP lifted its position in shares of Casey’s General Stores by 281.4% during the 3rd quarter. Wellington Management Group LLP now owns 164,656 shares of the company’s stock worth $61,863,000 after buying an additional 121,488 shares during the period. Finally, JPMorgan Chase & Co. boosted its stake in Casey’s General Stores by 18.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 758,804 shares of the company’s stock valued at $285,090,000 after buying an additional 119,350 shares in the last quarter. 85.63% of the stock is owned by institutional investors.

Casey’s General Stores Stock Performance

Casey’s General Stores stock opened at $426.82 on Friday. Casey’s General Stores, Inc. has a 1 year low of $275.27 and a 1 year high of $439.68. The company’s 50-day moving average is $408.73 and its two-hundred day moving average is $393.39. The company has a current ratio of 0.88, a quick ratio of 0.49 and a debt-to-equity ratio of 0.74. The company has a market cap of $15.84 billion, a PE ratio of 29.74, a PEG ratio of 2.40 and a beta of 0.83.

Casey’s General Stores (NASDAQ:CASY) last announced its quarterly earnings data on Monday, December 9th. The company reported $4.85 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.29 by $0.56. The firm had revenue of $3.95 billion for the quarter, compared to analysts’ expectations of $4.03 billion. Casey’s General Stores had a net margin of 3.57% and a return on equity of 17.17%. The business’s revenue for the quarter was down 2.9% on a year-over-year basis. During the same period last year, the firm earned $4.24 earnings per share. Equities analysts anticipate 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 announced a quarterly dividend, which will be paid on Monday, February 17th. Shareholders of record on Monday, February 3rd will be paid a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 0.47%. The ex-dividend date is Monday, February 3rd. Casey’s General Stores’s payout ratio is 13.94%.

Insiders Place Their Bets

In other Casey’s General Stores news, insider Katrina S. Lindsey sold 450 shares of the stock in a transaction dated Thursday, December 12th. The stock was sold at an average price of $427.13, for a total value of $192,208.50. Following the completion of the sale, the insider now directly owns 2,247 shares in the company, valued at $959,761.11. This represents a 16.69 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Mike Spanos acquired 500 shares of the business’s stock in a transaction dated Monday, December 23rd. The shares were acquired at an average price of $396.76 per share, for a total transaction of $198,380.00. Following the acquisition, the director now directly owns 3,097 shares in the company, valued at $1,228,765.72. This represents a 19.25 % 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.

Wall Street Analyst Weigh In

Several research firms have issued reports on CASY. Deutsche Bank Aktiengesellschaft increased their price objective on Casey’s General Stores from $451.00 to $454.00 and gave the stock a “buy” rating in a research note on Wednesday, November 6th. Gordon Haskett began coverage on shares of Casey’s General Stores in a report on Monday, November 4th. They set a “hold” rating and a $400.00 price target for the company. BMO Capital Markets restated a “market perform” rating and issued a $450.00 price target (up from $400.00) on shares of Casey’s General Stores in a research report on Wednesday, December 18th. StockNews.com lowered shares of Casey’s General Stores from a “strong-buy” rating to a “buy” rating in a report on Friday, December 13th. Finally, Evercore ISI boosted their target price on Casey’s General Stores from $460.00 to $470.00 and gave the stock an “outperform” rating in a report on Friday, December 13th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $424.00.

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.