Envestnet Asset Management Inc. Has $231.15 Million Stock Holdings in Casey’s General Stores, Inc. $CASY

Envestnet Asset Management Inc. lowered its position in Casey’s General Stores, Inc. (NASDAQ:CASY) by 8.9% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 408,878 shares of the company’s stock after selling 40,041 shares during the period. Envestnet Asset Management Inc. owned 1.10% of Casey’s General Stores worth $231,147,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of CASY. Vontobel Holding Ltd. raised its position in shares of Casey’s General Stores by 129.1% in the third quarter. Vontobel Holding Ltd. now owns 890,884 shares of the company’s stock valued at $503,635,000 after purchasing an additional 502,104 shares during the period. Norges Bank acquired a new position in Casey’s General Stores in the second quarter valued at about $210,151,000. Invesco Ltd. boosted its holdings in shares of Casey’s General Stores by 71.7% in the 2nd quarter. Invesco Ltd. now owns 483,907 shares of the company’s stock worth $246,923,000 after acquiring an additional 202,033 shares in the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main grew its holdings in shares of Casey’s General Stores by 4,224.4% during the second quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 174,705 shares of the company’s stock worth $89,147,000 after purchasing an additional 170,665 shares during the last quarter. Finally, Hennessy Advisors Inc. grew its holdings in Casey’s General Stores by 361.4% during the 3rd quarter. Hennessy Advisors Inc. now owns 101,500 shares of the company’s stock worth $57,380,000 after acquiring an additional 79,500 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 NASDAQ CASY opened at $653.02 on Friday. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.05 and a quick ratio of 0.65. Casey’s General Stores, Inc. has a fifty-two week low of $372.08 and a fifty-two week high of $658.29. The stock has a market capitalization of $24.21 billion, a PE ratio of 40.16, a P/E/G ratio of 2.29 and a beta of 0.68. The business has a fifty day moving average price of $585.98 and a two-hundred day moving average price of $551.99.

Casey’s General Stores (NASDAQ:CASY) last issued its earnings results on Tuesday, December 9th. The company reported $5.53 EPS for the quarter, beating the consensus estimate of $4.92 by $0.61. Casey’s General Stores had a net margin of 3.58% and a return on equity of 16.89%. The company had revenue of $4.51 billion during the quarter, compared to analysts’ expectations of $4.51 billion. During the same period in the previous year, the company earned $4.85 EPS. The business’s revenue for the quarter was up 14.2% compared to the same quarter last year. As a group, equities analysts predict that Casey’s General Stores, Inc. will post 13.94 earnings per share for the current fiscal year.

Casey’s General Stores Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 13th. Investors of record on Sunday, February 1st will be given a dividend of $0.57 per share. The ex-dividend date is Friday, January 30th. This represents a $2.28 dividend on an annualized basis and a yield of 0.3%. Casey’s General Stores’s payout ratio is currently 14.02%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on CASY shares. Weiss Ratings reiterated a “buy (b)” rating on shares of Casey’s General Stores in a research report on Monday, December 29th. Wall Street Zen lowered shares of Casey’s General Stores from a “buy” rating to a “hold” rating in a report on Saturday, January 31st. Exane BNP Paribas started coverage on Casey’s General Stores in a report on Tuesday, January 20th. They issued an “outperform” rating on the stock. Zacks Research raised Casey’s General Stores from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 12th. Finally, Evercore ISI increased their price objective on shares of Casey’s General Stores from $585.00 to $610.00 and gave the stock an “outperform” rating in a research note on Tuesday, December 2nd. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat, Casey’s General Stores has an average rating of “Moderate Buy” and a consensus price target of $624.09.

Insider Buying and Selling at Casey’s General Stores

In other Casey’s General Stores news, Director Moats Maria Castanon purchased 300 shares of the company’s stock in a transaction dated Monday, January 5th. The stock was purchased at an average price of $554.66 per share, with a total value of $166,398.00. Following the completion of the purchase, the director owned 803 shares of the company’s stock, valued at approximately $445,391.98. The trade was a 59.64% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 0.54% of the company’s stock.

About Casey’s General Stores

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.