Pictet Asset Management Holding SA Has $2.03 Million Holdings in Casey’s General Stores, Inc. (NASDAQ:CASY)

Pictet Asset Management Holding SA lifted its holdings in shares of Casey’s General Stores, Inc. (NASDAQ:CASY) by 5.7% in the 4th quarter, Holdings Channel reports. The institutional investor owned 5,121 shares of the company’s stock after acquiring an additional 278 shares during the period. Pictet Asset Management Holding SA’s holdings in Casey’s General Stores were worth $2,029,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of CASY. MassMutual Private Wealth & Trust FSB increased its holdings in Casey’s General Stores by 24.2% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 149 shares of the company’s stock valued at $59,000 after purchasing an additional 29 shares during the last quarter. Harbour Investments Inc. increased its stake in shares of Casey’s General Stores by 3.1% in the 4th quarter. Harbour Investments Inc. now owns 1,002 shares of the company’s stock valued at $397,000 after acquiring an additional 30 shares during the last quarter. Laidlaw Wealth Management LLC raised its position in shares of Casey’s General Stores by 3.1% in the 4th quarter. Laidlaw Wealth Management LLC now owns 1,063 shares of the company’s stock valued at $421,000 after acquiring an additional 32 shares during the period. M&T Bank Corp boosted its stake in Casey’s General Stores by 2.1% during the 4th quarter. M&T Bank Corp now owns 1,802 shares of the company’s stock worth $714,000 after acquiring an additional 37 shares during the last quarter. Finally, AdvisorNet Financial Inc grew its holdings in Casey’s General Stores by 10.6% during the fourth quarter. AdvisorNet Financial Inc now owns 395 shares of the company’s stock valued at $157,000 after purchasing an additional 38 shares during the period. 85.63% of the stock is owned by institutional investors.

Casey’s General Stores Price Performance

NASDAQ CASY opened at $415.82 on Friday. The firm’s 50 day moving average is $416.73 and its 200-day moving average is $404.81. The company has a quick ratio of 0.49, a current ratio of 0.88 and a debt-to-equity ratio of 0.74. The company has a market capitalization of $15.43 billion, a PE ratio of 28.98, a price-to-earnings-growth ratio of 2.40 and a beta of 0.74. Casey’s General Stores, Inc. has a 12-month low of $306.45 and a 12-month high of $458.92.

Casey’s General Stores (NASDAQ:CASY) last issued its quarterly earnings results on Tuesday, March 11th. The company reported $2.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.76 by $0.57. Casey’s General Stores had a net margin of 3.57% and a return on equity of 17.17%. The firm had revenue of $3.90 billion for the quarter, compared to analyst estimates of $3.74 billion. During the same period in the previous year, the business earned $2.33 EPS. The company’s revenue was up 17.2% compared to the same quarter last year. Equities research analysts anticipate that Casey’s General Stores, Inc. will post 13.94 earnings per share for the current fiscal year.

Casey’s General Stores Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Thursday, May 1st will be given a dividend of $0.50 per share. The ex-dividend date is Thursday, May 1st. This represents a $2.00 annualized dividend and a yield of 0.48%. Casey’s General Stores’s dividend payout ratio (DPR) is presently 13.94%.

Insider Buying and Selling at Casey’s General Stores

In other news, Director Mike Spanos bought 256 shares of the business’s stock in a transaction that occurred on Thursday, March 13th. The stock was acquired at an average cost of $390.54 per share, for a total transaction of $99,978.24. Following the purchase, the director now owns 3,356 shares of the company’s stock, valued at approximately $1,310,652.24. This trade represents a 8.26 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 0.56% of the company’s stock.

Analyst Ratings Changes

CASY has been the topic of several analyst reports. Royal Bank of Canada set a $438.00 target price on shares of Casey’s General Stores and gave the stock a “sector perform” rating in a report on Wednesday, March 12th. BMO Capital Markets reiterated a “market perform” rating and set a $450.00 target price (up from $400.00) on shares of Casey’s General Stores in a report on Wednesday, December 18th. StockNews.com cut Casey’s General Stores from a “buy” rating to a “hold” rating in a research note on Saturday, March 8th. Evercore ISI raised their price target on Casey’s General Stores from $450.00 to $460.00 and gave the stock an “outperform” rating in a research report on Tuesday. Finally, Gordon Haskett upgraded Casey’s General Stores from a “hold” rating to a “buy” rating in a research report on Thursday, February 13th. One research analyst has rated the stock with a sell rating, three have given a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, Casey’s General Stores currently has a consensus rating of “Moderate Buy” and a consensus price target of $424.00.

Casey’s General Stores Company Profile

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.