Envestnet Portfolio Solutions Inc. Decreases Stake in Casey’s General Stores, Inc. $CASY

Envestnet Portfolio Solutions Inc. cut its stake in Casey’s General Stores, Inc. (NASDAQ:CASY) by 51.9% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,519 shares of the company’s stock after selling 1,636 shares during the period. Envestnet Portfolio Solutions Inc.’s holdings in Casey’s General Stores were worth $859,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently bought and sold shares of the stock. Nvwm LLC acquired a new stake in shares of Casey’s General Stores during the second quarter worth $32,000. Rossby Financial LCC increased its position in shares of Casey’s General Stores by 580.0% in the 2nd quarter. Rossby Financial LCC now owns 68 shares of the company’s stock valued at $35,000 after acquiring an additional 58 shares during the period. Caitong International Asset Management Co. Ltd purchased a new position in Casey’s General Stores in the 2nd quarter worth $42,000. Osterweis Capital Management Inc. acquired a new stake in Casey’s General Stores during the 2nd quarter worth about $45,000. Finally, Bogart Wealth LLC grew its stake in Casey’s General Stores by 388.5% during the 3rd quarter. Bogart Wealth LLC now owns 127 shares of the company’s stock valued at $72,000 after purchasing an additional 101 shares during the last quarter. Hedge funds and other institutional investors own 85.63% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the company. BNP Paribas Exane began coverage on Casey’s General Stores in a research note on Tuesday, January 20th. They issued an “outperform” rating and a $730.00 price objective for the company. The Goldman Sachs Group reissued a “neutral” rating and set a $530.00 price target on shares of Casey’s General Stores in a research report on Wednesday, December 10th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Casey’s General Stores in a report on Monday, December 29th. UBS Group reissued a “neutral” rating on shares of Casey’s General Stores in a report on Thursday, December 11th. Finally, Deutsche Bank Aktiengesellschaft set a $688.00 target price on shares of Casey’s General Stores in a research report on Thursday, January 8th. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat, Casey’s General Stores has an average rating of “Moderate Buy” and an average price target of $624.09.

Casey’s General Stores Stock Down 0.3%

CASY stock opened at $615.29 on Thursday. Casey’s General Stores, Inc. has a one year low of $372.08 and a one year high of $647.99. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.65 and a current ratio of 1.05. The firm’s fifty day moving average is $577.47 and its 200 day moving average is $547.45. The firm has a market cap of $22.81 billion, a PE ratio of 37.84, a P/E/G ratio of 2.18 and a beta of 0.67.

Casey’s General Stores (NASDAQ:CASY) last posted its earnings results on Tuesday, December 9th. The company reported $5.53 earnings per share (EPS) for the quarter, topping 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 business had revenue of $4.51 billion for the quarter, compared to analyst estimates of $4.51 billion. During the same period in the prior year, the company posted $4.85 EPS. The company’s revenue for the quarter was up 14.2% on a year-over-year basis. On average, research analysts forecast that Casey’s General Stores, Inc. will post 13.94 EPS for the current year.

Casey’s General Stores Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 13th. Shareholders of record on Sunday, February 1st will be issued a $0.57 dividend. This represents a $2.28 annualized dividend and a yield of 0.4%. The ex-dividend date of this dividend is Friday, January 30th. Casey’s General Stores’s dividend payout ratio (DPR) is presently 14.02%.

Insider Activity at Casey’s General Stores

In other Casey’s General Stores news, Director Moats Maria Castanon bought 300 shares of Casey’s General Stores stock in a transaction dated Monday, January 5th. The stock was acquired at an average cost of $554.66 per share, with a total value of $166,398.00. Following the purchase, the director directly owned 803 shares in the company, valued at $445,391.98. This represents a 59.64% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. 0.54% of the stock is owned by company insiders.

Casey’s General Stores 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.