Impax Asset Management Group plc Has $3.21 Million Position in Casey’s General Stores, Inc. (NASDAQ:CASY)

Impax Asset Management Group plc grew its holdings in shares of Casey’s General Stores, Inc. (NASDAQ:CASY) by 13.3% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 7,401 shares of the company’s stock after acquiring an additional 867 shares during the period. Impax Asset Management Group plc’s holdings in Casey’s General Stores were worth $3,212,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the company. Vanguard Group Inc. grew its stake in shares of Casey’s General Stores by 1.2% in the 4th quarter. Vanguard Group Inc. now owns 3,799,104 shares of the company’s stock valued at $1,505,319,000 after buying an additional 44,295 shares during the period. T. Rowe Price Investment Management Inc. grew its stake in shares of Casey’s General Stores by 1.8% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 1,776,323 shares of the company’s stock valued at $703,833,000 after buying an additional 31,131 shares during the period. Franklin Resources Inc. grew its stake in shares of Casey’s General Stores by 29.5% in the 4th quarter. Franklin Resources Inc. now owns 678,778 shares of the company’s stock valued at $268,952,000 after buying an additional 154,541 shares during the period. GAMMA Investing LLC grew its stake in shares of Casey’s General Stores by 54,448.8% in the 1st quarter. GAMMA Investing LLC now owns 543,852 shares of the company’s stock valued at $236,054,000 after buying an additional 542,855 shares during the period. Finally, Dimensional Fund Advisors LP grew its stake in shares of Casey’s General Stores by 3.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 502,979 shares of the company’s stock valued at $199,302,000 after buying an additional 17,539 shares during the period. 85.63% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Casey’s General Stores news, insider Katrina S. Lindsey sold 2,000 shares of Casey’s General Stores stock in a transaction that occurred on Tuesday, June 17th. The shares were sold at an average price of $506.07, for a total transaction of $1,012,140.00. Following the transaction, the insider owned 4,636 shares of the company’s stock, valued at $2,346,140.52. This trade represents a 30.14% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Darren M. Rebelez sold 20,000 shares of Casey’s General Stores stock in a transaction that occurred on Tuesday, June 17th. The stock was sold at an average price of $507.83, for a total transaction of $10,156,600.00. Following the transaction, the chief executive officer directly owned 89,840 shares in the company, valued at approximately $45,623,447.20. This represents a 18.21% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 43,646 shares of company stock worth $22,136,614. Corporate insiders own 0.56% of the company’s stock.

Casey’s General Stores Price Performance

Shares of NASDAQ CASY opened at $516.85 on Friday. Casey’s General Stores, Inc. has a fifty-two week low of $350.52 and a fifty-two week high of $517.31. The stock has a market cap of $19.22 billion, a price-to-earnings ratio of 35.30, a PEG ratio of 2.59 and a beta of 0.69. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.48 and a current ratio of 0.92. The firm’s 50-day simple moving average is $471.16 and its 200 day simple moving average is $435.59.

Casey’s General Stores (NASDAQ:CASY) last posted its earnings results on Monday, June 9th. The company reported $2.63 EPS for the quarter, topping the consensus estimate of $1.94 by $0.69. Casey’s General Stores had a net margin of 3.43% and a return on equity of 16.28%. The firm had revenue of $3.99 billion for the quarter, compared to analysts’ expectations of $3.95 billion. During the same quarter last year, the firm earned $2.34 EPS. The company’s quarterly revenue was up 10.9% compared to the same quarter last year. As a group, 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 Increases Dividend

The company also recently announced 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. The ex-dividend date of this dividend is Friday, August 1st. This represents a $2.28 annualized dividend and a dividend yield of 0.44%. This is a boost from Casey’s General Stores’s previous quarterly dividend of $0.50. Casey’s General Stores’s dividend payout ratio (DPR) is currently 13.66%.

Analyst Ratings Changes

Several brokerages have recently commented on CASY. The Goldman Sachs Group raised their target price on Casey’s General Stores from $385.00 to $450.00 and gave the company a “neutral” rating in a research note on Wednesday, June 11th. Evercore ISI raised their target price on Casey’s General Stores from $450.00 to $460.00 and gave the company an “outperform” rating in a research note on Tuesday, April 1st. BMO Capital Markets raised their target price on Casey’s General Stores from $450.00 to $515.00 and gave the company a “market perform” rating in a research note 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. Finally, Stephens reaffirmed an “overweight” rating and issued a $490.00 price target on shares of Casey’s General Stores in a research report on Tuesday, June 10th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat.com, Casey’s General Stores currently has an average rating of “Moderate Buy” and an average target price of $453.00.

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.