Impax Asset Management Group plc Sells 5,336 Shares of Casey’s General Stores, Inc. $CASY

Impax Asset Management Group plc lowered its stake in Casey’s General Stores, Inc. (NASDAQ:CASY) by 72.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,065 shares of the company’s stock after selling 5,336 shares during the quarter. Impax Asset Management Group plc’s holdings in Casey’s General Stores were worth $1,054,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Wellington Management Group LLP boosted its position in shares of Casey’s General Stores by 190.6% in the first quarter. Wellington Management Group LLP now owns 1,244,311 shares of the company’s stock valued at $540,081,000 after acquiring an additional 816,110 shares during the period. JPMorgan Chase & Co. lifted its stake in Casey’s General Stores by 42.0% in the 1st quarter. JPMorgan Chase & Co. now owns 1,036,426 shares of the company’s stock worth $449,851,000 after purchasing an additional 306,628 shares in the last quarter. Raymond James Financial Inc. lifted its stake in Casey’s General Stores by 8.9% in the 1st quarter. Raymond James Financial Inc. now owns 649,815 shares of the company’s stock worth $282,045,000 after purchasing an additional 52,939 shares in the last quarter. Envestnet Asset Management Inc. boosted its holdings in Casey’s General Stores by 9.1% in the 2nd quarter. Envestnet Asset Management Inc. now owns 448,919 shares of the company’s stock valued at $229,070,000 after purchasing an additional 37,625 shares during the period. Finally, Northern Trust Corp grew its position in shares of Casey’s General Stores by 0.6% during the 1st quarter. Northern Trust Corp now owns 334,445 shares of the company’s stock valued at $145,163,000 after purchasing an additional 1,941 shares in the last quarter. 85.63% of the stock is currently owned by institutional investors.

Casey’s General Stores Price Performance

Shares of Casey’s General Stores stock opened at $538.19 on Friday. The firm has a market capitalization of $20.01 billion, a PE ratio of 34.54 and a beta of 0.66. The company has a current ratio of 1.03, a quick ratio of 0.61 and a debt-to-equity ratio of 0.65. Casey’s General Stores, Inc. has a 12 month low of $372.08 and a 12 month high of $572.18. The business’s 50-day moving average price is $545.38 and its 200-day moving average price is $510.25.

Casey’s General Stores (NASDAQ:CASY) last released its earnings results on Monday, September 8th. The company reported $5.77 earnings per share for the quarter, topping analysts’ consensus estimates of $5.02 by $0.75. Casey’s General Stores had a return on equity of 16.73% and a net margin of 3.54%.The company had revenue of $4.57 billion during the quarter, compared to the consensus estimate of $4.47 billion. During the same quarter in the previous year, the company posted $4.83 EPS. Casey’s General Stores’s quarterly revenue was up 11.5% compared to the same quarter last year. Sell-side analysts forecast that Casey’s General Stores, Inc. will post 13.94 EPS for the current fiscal year.

Casey’s General Stores Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, November 14th. Investors of record on Saturday, November 1st were given a $0.57 dividend. This represents a $2.28 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date was Friday, October 31st. Casey’s General Stores’s dividend payout ratio (DPR) is presently 14.63%.

Insiders Place Their Bets

In other news, insider Chad Michael Frazell sold 3,487 shares of the firm’s stock in a transaction dated Monday, September 29th. The stock was sold at an average price of $555.40, for a total transaction of $1,936,679.80. Following the transaction, the insider directly owned 7,993 shares of the company’s stock, valued at approximately $4,439,312.20. This trade represents a 30.37% 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. 0.54% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the company. Wells Fargo & Company initiated coverage on Casey’s General Stores in a research report on Wednesday, October 15th. They issued an “overweight” rating and a $610.00 price objective on the stock. Zacks Research upgraded Casey’s General Stores from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 15th. Jefferies Financial Group lifted their price target on Casey’s General Stores from $575.00 to $600.00 and gave the company a “buy” rating in a research report on Tuesday, September 9th. BMO Capital Markets boosted their price objective on Casey’s General Stores from $515.00 to $540.00 and gave the stock a “market perform” rating in a report on Wednesday, September 10th. Finally, Weiss Ratings restated a “buy (b+)” rating on shares of Casey’s General Stores in a research report on Thursday. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and three have given a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $564.00.

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.