Casey's General Stores, Inc. (NASDAQ:CASY) Shares Acquired by Impax Asset Management Group plc

Impax Asset Management Group plc raised its position in Casey's General Stores, Inc. (NASDAQ:CASY - Free Report) by 13.3% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 7,401 shares of the company's stock after purchasing an additional 867 shares during the quarter. Impax Asset Management Group plc's holdings in Casey's General Stores were worth $3,212,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in CASY. Versant Capital Management Inc acquired a new stake in Casey's General Stores during the 1st quarter worth approximately $25,000. Global Financial Private Client LLC lifted its holdings in Casey's General Stores by 325.0% during the 1st quarter. Global Financial Private Client LLC now owns 68 shares of the company's stock worth $30,000 after buying an additional 52 shares in the last quarter. Whipplewood Advisors LLC lifted its holdings in Casey's General Stores by 160.0% during the 1st quarter. Whipplewood Advisors LLC now owns 117 shares of the company's stock worth $51,000 after buying an additional 72 shares in the last quarter. Heck Capital Advisors LLC purchased a new stake in shares of Casey's General Stores in the 4th quarter valued at approximately $79,000. Finally, Point72 Hong Kong Ltd purchased a new stake in shares of Casey's General Stores in the 4th quarter valued at approximately $87,000. 85.63% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

CASY has been the topic of a number of recent analyst reports. KeyCorp increased their price objective on shares of Casey's General Stores from $500.00 to $550.00 and gave the company an "overweight" rating in a research report on Wednesday, June 11th. Wall Street Zen raised shares of Casey's General Stores from a "hold" rating to a "buy" rating in a research report on Saturday, June 14th. Evercore ISI increased their target price on shares of Casey's General Stores from $450.00 to $460.00 and gave the company an "outperform" rating in a research report on Tuesday, April 1st. BMO Capital Markets increased their target price on shares of Casey's General Stores from $450.00 to $515.00 and gave the company a "market perform" rating in a research report on Wednesday, June 11th. Finally, Wells Fargo & Company increased their target price on shares of Casey's General Stores from $460.00 to $540.00 and gave the company an "overweight" rating in a research report on Wednesday, June 11th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $461.00.

Casey's General Stores Price Performance

Shares of NASDAQ CASY traded up $7.92 during midday trading on Wednesday, hitting $520.22. The company had a trading volume of 251,104 shares, compared to its average volume of 304,231. The company has a quick ratio of 0.48, a current ratio of 0.92 and a debt-to-equity ratio of 0.69. Casey's General Stores, Inc. has a twelve month low of $350.52 and a twelve month high of $526.82. The business has a 50-day simple moving average of $473.58 and a two-hundred day simple moving average of $437.16. The firm has a market capitalization of $19.34 billion, a price-to-earnings ratio of 35.53 and a beta of 0.69.

Casey's General Stores (NASDAQ:CASY - Get Free Report) last issued its quarterly earnings results on Monday, June 9th. The company reported $2.63 EPS for the quarter, topping analysts' consensus estimates of $1.94 by $0.69. The business had revenue of $3.99 billion during the quarter, compared to the consensus estimate of $3.95 billion. Casey's General Stores had a net margin of 3.43% and a return on equity of 16.28%. The company's quarterly revenue was up 10.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.34 earnings per share. Equities research analysts anticipate that Casey's General Stores, Inc. will post 13.94 earnings per share for the current year.

Casey's General Stores Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 15th. Shareholders of record on Friday, August 1st will be given a dividend of $0.57 per share. This represents a $2.28 dividend on an annualized basis and a yield of 0.44%. This is a boost from Casey's General Stores's previous quarterly dividend of $0.50. The ex-dividend date of this dividend is Friday, August 1st. Casey's General Stores's payout ratio is 13.66%.

Insider Activity

In other news, insider Chad Michael Frazell sold 4,808 shares of the business's stock in a transaction on Tuesday, June 17th. The shares were sold at an average price of $503.97, for a total transaction of $2,423,087.76. Following the transaction, the insider directly owned 11,480 shares of the company's stock, valued at approximately $5,785,575.60. The trade was a 29.52% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Stephen P. Bramlage, Jr. sold 8,478 shares of Casey's General Stores stock in a transaction on Tuesday, June 17th. The stock was sold at an average price of $509.21, for a total transaction of $4,317,082.38. Following the completion of the sale, the chief financial officer owned 26,754 shares of the company's stock, valued at approximately $13,623,404.34. This trade represents a 24.06% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 43,646 shares of company stock valued at $22,136,614 over the last quarter. 0.56% of the stock is owned by insiders.

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.