Impax Asset Management Group plc Takes $2.60 Million Position in Casey's General Stores, Inc. (NASDAQ:CASY)

Impax Asset Management Group plc purchased a new stake in Casey's General Stores, Inc. (NASDAQ:CASY - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 9,448 shares of the company's stock, valued at approximately $2,596,000.

A number of other hedge funds and other institutional investors have also modified their holdings of CASY. Money Concepts Capital Corp boosted its stake in shares of Casey's General Stores by 62.7% during the 4th quarter. Money Concepts Capital Corp now owns 122 shares of the company's stock valued at $27,000 after buying an additional 47 shares during the period. BKM Wealth Management LLC purchased a new stake in shares of Casey's General Stores during the fourth quarter worth $29,000. Sunbelt Securities Inc. grew its stake in Casey's General Stores by 46.6% in the second quarter. Sunbelt Securities Inc. now owns 129 shares of the company's stock valued at $31,000 after purchasing an additional 41 shares in the last quarter. Fortis Capital Advisors LLC purchased a new position in Casey's General Stores in the first quarter valued at about $31,000. Finally, Milestone Investment Advisors LLC purchased a new stake in shares of Casey's General Stores during the 1st quarter worth about $34,000. Institutional investors and hedge funds own 85.63% of the company's stock.

Casey's General Stores Price Performance

Shares of CASY stock traded down $2.54 during trading hours on Thursday, hitting $309.79. The company had a trading volume of 358,487 shares, compared to its average volume of 276,446. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.42 and a current ratio of 0.89. The firm has a market capitalization of $11.47 billion, a price-to-earnings ratio of 24.51, a PEG ratio of 2.50 and a beta of 0.83. Casey's General Stores, Inc. has a 12 month low of $212.50 and a 12 month high of $324.40. The firm's fifty day moving average is $300.29 and its 200 day moving average is $284.35.

Casey's General Stores (NASDAQ:CASY - Get Free Report) last released its quarterly earnings results on Tuesday, March 12th. The company reported $2.33 EPS for the quarter, beating analysts' consensus estimates of $2.20 by $0.13. Casey's General Stores had a net margin of 3.23% and a return on equity of 16.70%. The firm had revenue of $3.33 billion for the quarter, compared to analyst estimates of $3.51 billion. During the same period in the previous year, the business earned $2.36 earnings per share. The company's revenue for the quarter was down .1% compared to the same quarter last year. On average, sell-side analysts predict that Casey's General Stores, Inc. will post 12.85 EPS for the current fiscal year.

Casey's General Stores Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Wednesday, May 1st will be paid a $0.43 dividend. This represents a $1.72 annualized dividend and a yield of 0.56%. The ex-dividend date of this dividend is Tuesday, April 30th. Casey's General Stores's payout ratio is 13.67%.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. Stephens increased their price objective on Casey's General Stores from $305.00 to $340.00 and gave the stock an "overweight" rating in a report on Wednesday, December 13th. StockNews.com cut Casey's General Stores from a "strong-buy" rating to a "buy" rating in a research report on Thursday, March 21st. Wells Fargo & Company boosted their price objective on shares of Casey's General Stores from $305.00 to $340.00 and gave the stock an "overweight" rating in a research note on Tuesday, March 5th. Evercore ISI lowered their target price on shares of Casey's General Stores from $355.00 to $350.00 and set an "outperform" rating on the stock in a research note on Tuesday, April 2nd. Finally, BMO Capital Markets raised their price objective on shares of Casey's General Stores from $290.00 to $305.00 and gave the stock a "market perform" rating in a research note on Wednesday, March 13th. Two investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. According to MarketBeat, Casey's General Stores has a consensus rating of "Moderate Buy" and a consensus target price of $308.44.

About Casey's General Stores

Casey's General Stores, Inc, together with its subsidiaries, operates convenience stores under the Casey's and Casey's General Store names. Its stores offer pizza, donuts, breakfast items, and sandwiches; and tobacco and nicotine products. The company's stores provide soft drinks, energy, water, sports drinks, juices, coffee, and tea and dairy products; beer, wine, and spirits; snacks, candy, packaged bakery, and other food items; ice, ice cream, meals, and appetizers; health and beauty aids, automotive products, electronic accessories, housewares, and pet supplies; and ATM, lotto/lottery, and prepaid cards.