Impax Asset Management Group plc Increases Stock Holdings in Casey’s General Stores, Inc. (NASDAQ:CASY)

Impax Asset Management Group plc increased its holdings in shares of Casey’s General Stores, Inc. (NASDAQ:CASY) by 12.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,534 shares of the company’s stock after buying an additional 731 shares during the period. Impax Asset Management Group plc’s holdings in Casey’s General Stores were worth $2,589,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Soros Capital Management LLC lifted its position in shares of Casey’s General Stores by 1,825.6% during the 3rd quarter. Soros Capital Management LLC now owns 27,632 shares of the company’s stock valued at $10,382,000 after buying an additional 26,197 shares in the last quarter. Sanctuary Advisors LLC lifted its holdings in Casey’s General Stores by 55.6% in the 4th quarter. Sanctuary Advisors LLC now owns 8,579 shares of the company’s stock valued at $3,629,000 after purchasing an additional 3,065 shares in the last quarter. PNC Financial Services Group Inc. lifted its holdings in Casey’s General Stores by 9.9% in the 3rd quarter. PNC Financial Services Group Inc. now owns 14,725 shares of the company’s stock valued at $5,532,000 after purchasing an additional 1,332 shares in the last quarter. JLB & Associates Inc. lifted its holdings in Casey’s General Stores by 1.8% in the 4th quarter. JLB & Associates Inc. now owns 43,029 shares of the company’s stock valued at $17,049,000 after purchasing an additional 749 shares in the last quarter. Finally, U.S. Capital Wealth Advisors LLC purchased a new position in Casey’s General Stores in the 4th quarter valued at $369,000. Hedge funds and other institutional investors own 85.63% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have weighed in on CASY shares. StockNews.com upgraded Casey’s General Stores from a “hold” rating to a “buy” rating in a report on Tuesday, February 18th. BMO Capital Markets restated a “market perform” rating and issued a $450.00 price objective (up previously from $400.00) on shares of Casey’s General Stores in a report on Wednesday, December 18th. Deutsche Bank Aktiengesellschaft lifted their price target on Casey’s General Stores from $451.00 to $454.00 and gave the stock a “buy” rating in a report on Wednesday, November 6th. Evercore ISI lifted their price target 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. Finally, Royal Bank of Canada lifted their price target on Casey’s General Stores from $403.00 to $428.00 and gave the stock a “sector perform” rating in a report on Tuesday, December 10th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $424.00.

Casey’s General Stores Stock Performance

NASDAQ CASY opened at $422.74 on Wednesday. The company has a market cap of $15.69 billion, a P/E ratio of 29.46, a P/E/G ratio of 2.40 and a beta of 0.83. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.88 and a quick ratio of 0.49. The stock has a 50-day moving average of $409.95 and a two-hundred day moving average of $397.67. Casey’s General Stores, Inc. has a 1-year low of $290.00 and a 1-year high of $445.17.

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 the consensus estimate of $4.29 by $0.56. The business had revenue of $3.95 billion during the quarter, compared to analysts’ expectations of $4.03 billion. Casey’s General Stores had a return on equity of 17.17% and a net margin of 3.57%. The business’s quarterly revenue was down 2.9% compared to the same quarter last year. During the same quarter last year, the business posted $4.24 EPS. As a group, analysts anticipate 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 announced a quarterly dividend, which was paid on Monday, February 17th. Investors of record on Monday, February 3rd were paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 0.47%. The ex-dividend date was Monday, February 3rd. Casey’s General Stores’s payout ratio is 13.94%.

Insider Buying and Selling

In other Casey’s General Stores news, insider Katrina S. Lindsey sold 450 shares of the business’s stock in a transaction that occurred on 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 owns 2,247 shares in the company, valued at approximately $959,761.11. The trade was a 16.69 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Mike Spanos acquired 500 shares of Casey’s General Stores stock in a transaction on Monday, December 23rd. The stock was purchased at an average price of $396.76 per share, with a total value of $198,380.00. Following the purchase, the director now owns 3,097 shares of the company’s stock, valued at $1,228,765.72. The trade was a 19.25 % increase in their position. The disclosure for this purchase can be found here. 0.56% of the stock is owned by company insiders.

Casey’s General Stores 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.