Envestnet Asset Management Inc. Has $229.07 Million Holdings in Casey’s General Stores, Inc. $CASY

Envestnet Asset Management Inc. raised its holdings in shares of Casey’s General Stores, Inc. (NASDAQ:CASY) by 9.1% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 448,919 shares of the company’s stock after buying an additional 37,625 shares during the quarter. Envestnet Asset Management Inc.’s holdings in Casey’s General Stores were worth $229,070,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. Valmark Advisers Inc. lifted its holdings in shares of Casey’s General Stores by 0.5% during the second quarter. Valmark Advisers Inc. now owns 4,404 shares of the company’s stock worth $2,247,000 after buying an additional 21 shares during the last quarter. Iron Horse Wealth Management LLC lifted its holdings in shares of Casey’s General Stores by 40.0% during the first quarter. Iron Horse Wealth Management LLC now owns 91 shares of the company’s stock worth $40,000 after buying an additional 26 shares during the last quarter. Menard Financial Group LLC lifted its holdings in shares of Casey’s General Stores by 2.1% during the first quarter. Menard Financial Group LLC now owns 1,290 shares of the company’s stock worth $603,000 after buying an additional 27 shares during the last quarter. Accurate Wealth Management LLC lifted its holdings in shares of Casey’s General Stores by 3.9% during the second quarter. Accurate Wealth Management LLC now owns 727 shares of the company’s stock worth $381,000 after buying an additional 27 shares during the last quarter. Finally, Applied Capital LLC FL lifted its holdings in shares of Casey’s General Stores by 4.4% during the first quarter. Applied Capital LLC FL now owns 659 shares of the company’s stock worth $286,000 after buying an additional 28 shares during the last quarter. 85.63% of the stock is currently owned by institutional investors and hedge funds.

Casey’s General Stores Stock Performance

Casey’s General Stores stock opened at $535.95 on Tuesday. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.03 and a quick ratio of 0.61. The stock has a fifty day moving average price of $537.78 and a two-hundred day moving average price of $503.46. Casey’s General Stores, Inc. has a 52-week low of $372.08 and a 52-week high of $572.18. The firm has a market capitalization of $19.93 billion, a P/E ratio of 34.40 and a beta of 0.68.

Casey’s General Stores (NASDAQ:CASY) last released its quarterly earnings data on Monday, September 8th. The company reported $5.77 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.02 by $0.75. Casey’s General Stores had a return on equity of 16.73% and a net margin of 3.54%.The firm had revenue of $4.57 billion during the quarter, compared to analyst estimates of $4.47 billion. During the same period in the prior year, the company posted $4.83 earnings per share. The business’s revenue for the quarter was up 11.5% compared to the same quarter last year. As a group, analysts anticipate that Casey’s General Stores, Inc. will post 13.94 EPS for the current fiscal year.

Casey’s General Stores Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 14th. Shareholders of record on Saturday, November 1st will be paid a dividend of $0.57 per share. This represents a $2.28 annualized dividend and a yield of 0.4%. The ex-dividend date is Friday, October 31st. Casey’s General Stores’s dividend payout ratio is currently 14.63%.

Insider Transactions at Casey’s General Stores

In other Casey’s General Stores news, insider Chad Michael Frazell sold 3,487 shares of the stock in a transaction on Monday, September 29th. The stock was sold at an average price of $555.40, for a total transaction of $1,936,679.80. Following the completion of the transaction, the insider directly owned 7,993 shares in the company, valued at $4,439,312.20. This represents a 30.37% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.54% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on CASY. Stephens reiterated an “overweight” rating and set a $570.00 price target on shares of Casey’s General Stores in a report on Wednesday, October 8th. Royal Bank Of Canada boosted their price objective on Casey’s General Stores from $468.00 to $542.00 and gave the company a “sector perform” rating in a research report on Wednesday, July 9th. The Goldman Sachs Group boosted their price objective on Casey’s General Stores from $450.00 to $490.00 and gave the company a “neutral” rating in a research report on Wednesday, September 10th. Evercore ISI boosted their price objective on Casey’s General Stores from $580.00 to $585.00 and gave the company an “outperform” rating in a research report on Tuesday, October 21st. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Casey’s General Stores in a research report on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $536.60.

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.