Barclays PLC Increases Holdings in Casey's General Stores, Inc. (NASDAQ:CASY)

Barclays PLC lifted its stake in Casey's General Stores, Inc. (NASDAQ:CASY - Free Report) by 41.4% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 31,803 shares of the company's stock after purchasing an additional 9,316 shares during the quarter. Barclays PLC owned about 0.09% of Casey's General Stores worth $12,600,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of the stock. YANKCOM Partnership bought a new position in Casey's General Stores during the fourth quarter valued at $34,000. Endeavor Private Wealth Inc. bought a new position in Casey's General Stores during the 4th quarter valued at about $36,000. MassMutual Private Wealth & Trust FSB raised its position in Casey's General Stores by 24.2% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 149 shares of the company's stock worth $59,000 after purchasing an additional 29 shares during the period. Heck Capital Advisors LLC bought a new stake in Casey's General Stores in the fourth quarter worth about $79,000. Finally, V Square Quantitative Management LLC boosted its position in shares of Casey's General Stores by 32.9% during the fourth quarter. V Square Quantitative Management LLC now owns 210 shares of the company's stock valued at $83,000 after buying an additional 52 shares during the period. Institutional investors own 85.63% of the company's stock.

Casey's General Stores Stock Up 0.0 %

CASY stock traded up $0.05 during trading on Friday, reaching $447.34. 419,471 shares of the company traded hands, compared to its average volume of 286,147. The business has a 50 day simple moving average of $423.31 and a 200 day simple moving average of $413.23. Casey's General Stores, Inc. has a 12 month low of $313.67 and a 12 month high of $468.88. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.49 and a current ratio of 0.88. The company has a market capitalization of $16.60 billion, a price-to-earnings ratio of 31.17, a price-to-earnings-growth ratio of 2.40 and a beta of 0.74.

Casey's General Stores (NASDAQ:CASY - Get Free Report) last posted its quarterly earnings data on Tuesday, March 11th. The company reported $2.33 EPS for the quarter, topping the consensus estimate of $1.76 by $0.57. The firm had revenue of $3.90 billion during the quarter, compared to analyst estimates of $3.74 billion. Casey's General Stores had a net margin of 3.57% and a return on equity of 17.17%. Casey's General Stores's revenue was up 17.2% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.33 EPS. On average, 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 firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Thursday, May 1st will be given a $0.50 dividend. The ex-dividend date is Thursday, May 1st. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.45%. Casey's General Stores's payout ratio is 13.94%.

Insider Activity at Casey's General Stores

In other Casey's General Stores news, insider Katrina S. Lindsey sold 250 shares of the business's stock in a transaction that occurred on Friday, April 4th. The shares were sold at an average price of $437.01, for a total transaction of $109,252.50. Following the sale, the insider now owns 2,443 shares of the company's stock, valued at approximately $1,067,615.43. The trade was a 9.28 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Mike Spanos purchased 256 shares of the firm's stock in a transaction on Thursday, March 13th. The stock was bought at an average cost of $390.54 per share, with a total value of $99,978.24. Following the acquisition, the director now owns 3,356 shares of the company's stock, valued at approximately $1,310,652.24. The trade was a 8.26 % increase in their position. The disclosure for this purchase can be found here. 0.56% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on CASY shares. Evercore ISI boosted their price objective on Casey's General Stores from $450.00 to $460.00 and gave the company an "outperform" rating in a report on Tuesday, April 1st. KeyCorp began coverage on shares of Casey's General Stores in a report on Friday, April 11th. They issued an "overweight" rating and a $500.00 price target on the stock. Gordon Haskett raised shares of Casey's General Stores from a "hold" rating to a "buy" rating in a research report on Thursday, February 13th. Stephens upgraded shares of Casey's General Stores to a "strong-buy" rating in a research note on Monday, April 7th. Finally, StockNews.com cut Casey's General Stores from a "buy" rating to a "hold" rating in a research note on Saturday, March 8th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, eight have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $430.33.

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.