Invesco Ltd. Purchases 47,710 Shares of Casey's General Stores, Inc. (NASDAQ:CASY)

Invesco Ltd. boosted its stake in Casey's General Stores, Inc. (NASDAQ:CASY - Free Report) by 19.3% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 294,634 shares of the company's stock after buying an additional 47,710 shares during the period. Invesco Ltd. owned approximately 0.79% of Casey's General Stores worth $116,743,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. YANKCOM Partnership bought a new position in shares of Casey's General Stores during the fourth quarter worth approximately $34,000. Endeavor Private Wealth Inc. acquired a new stake in shares of Casey's General Stores during the fourth quarter worth $36,000. MassMutual Private Wealth & Trust FSB boosted its position in shares of 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 acquiring an additional 29 shares during the period. Heck Capital Advisors LLC acquired a new position in shares of Casey's General Stores in the fourth quarter valued at about $79,000. Finally, V Square Quantitative Management LLC increased its position in 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 worth $83,000 after acquiring an additional 52 shares during the period. 85.63% of the stock is owned by institutional investors.

Casey's General Stores Price Performance

CASY stock traded up $2.74 during midday trading on Friday, reaching $460.07. 365,373 shares of the stock were exchanged, compared to its average volume of 284,273. Casey's General Stores, Inc. has a 52 week low of $307.01 and a 52 week high of $468.88. The company has a fifty day moving average price of $420.81 and a 200 day moving average price of $409.90. 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 market capitalization of $17.08 billion, a PE ratio of 32.06, a P/E/G ratio of 2.40 and a beta of 0.74.

Casey's General Stores (NASDAQ:CASY - Get Free Report) last released its 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 business had revenue of $3.90 billion for the quarter, compared to analyst estimates of $3.74 billion. During the same quarter in the previous year, the business earned $2.33 earnings per share. Casey's General Stores's revenue for the quarter was up 17.2% on a year-over-year basis. As a group, analysts expect that Casey's General Stores, Inc. will post 13.94 EPS for the current fiscal year.

Casey's General Stores Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Thursday, May 1st will be given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 0.43%. The ex-dividend date is Thursday, May 1st. Casey's General Stores's dividend payout ratio is presently 13.94%.

Insider Buying and Selling at Casey's General Stores

In other news, insider Katrina S. Lindsey sold 250 shares of the business's stock in a transaction dated Friday, April 4th. The stock was sold at an average price of $437.01, for a total transaction of $109,252.50. Following the completion of the transaction, 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Mike Spanos acquired 256 shares of the business's stock in a transaction dated Thursday, March 13th. The stock was purchased at an average price of $390.54 per share, with a total value of $99,978.24. Following the completion of the acquisition, the director now directly owns 3,356 shares in the company, valued at approximately $1,310,652.24. This represents a 8.26 % increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 0.56% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on CASY. Stephens raised shares of Casey's General Stores to a "strong-buy" rating in a report on Monday, April 7th. StockNews.com downgraded Casey's General Stores from a "buy" rating to a "hold" rating in a research report on Saturday, March 8th. Gordon Haskett raised Casey's General Stores from a "hold" rating to a "buy" rating in a research note on Thursday, February 13th. Evercore ISI increased their price target on shares of Casey's General Stores from $450.00 to $460.00 and gave the stock an "outperform" rating in a research report on Tuesday, April 1st. Finally, Royal Bank of Canada set a $438.00 price objective on shares of Casey's General Stores and gave the company a "sector perform" rating in a research report on Wednesday, March 12th. One analyst has rated the stock with a sell rating, three have issued a hold rating, eight have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $430.33.

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.