Invesco LLC Trims Position in Casey’s General Stores, Inc. (NASDAQ:CASY)

Invesco LLC lessened its stake in Casey’s General Stores, Inc. (NASDAQ:CASY) by 6.3% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,343 shares of the company’s stock after selling 157 shares during the period. Invesco LLC’s holdings in Casey’s General Stores were worth $928,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Strategic Blueprint LLC purchased a new stake in shares of Casey’s General Stores during the fourth quarter worth approximately $207,000. Foster Group Inc. increased its stake in shares of Casey’s General Stores by 108.6% during the fourth quarter. Foster Group Inc. now owns 7,200 shares of the company’s stock worth $2,853,000 after acquiring an additional 3,748 shares during the period. YHB Investment Advisors Inc. raised its holdings in Casey’s General Stores by 7.4% during the fourth quarter. YHB Investment Advisors Inc. now owns 1,886 shares of the company’s stock worth $747,000 after purchasing an additional 130 shares in the last quarter. Pacer Advisors Inc. boosted its holdings in Casey’s General Stores by 31.6% in the 4th quarter. Pacer Advisors Inc. now owns 7,185 shares of the company’s stock valued at $2,847,000 after purchasing an additional 1,727 shares in the last quarter. Finally, KBC Group NV raised its stake in shares of Casey’s General Stores by 45.5% during the 4th quarter. KBC Group NV now owns 1,375 shares of the company’s stock worth $545,000 after buying an additional 430 shares in the last quarter. 85.63% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the company. Deutsche Bank Aktiengesellschaft increased their price objective on Casey’s General Stores from $451.00 to $454.00 and gave the stock a “buy” rating in a research report on Wednesday, November 6th. StockNews.com lowered Casey’s General Stores from a “strong-buy” rating to a “buy” rating in a research note on Friday, December 13th. BMO Capital Markets reiterated a “market perform” rating and set a $450.00 target price (up from $400.00) on shares of Casey’s General Stores in a research report on Wednesday, December 18th. Evercore ISI raised their price target on Casey’s General Stores from $460.00 to $470.00 and gave the company an “outperform” rating in a research report on Friday, December 13th. Finally, Gordon Haskett started coverage on shares of Casey’s General Stores in a research report on Monday, November 4th. They issued a “hold” rating and a $400.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $424.00.

Casey’s General Stores Trading Up 0.4 %

Shares of CASY stock traded up $1.81 during mid-day trading on Wednesday, hitting $417.51. 9,392 shares of the company’s stock were exchanged, compared to its average volume of 233,515. The stock has a market cap of $15.50 billion, a price-to-earnings ratio of 29.09, a PEG ratio of 2.29 and a beta of 0.82. The stock has a 50-day simple moving average of $408.28 and a two-hundred day simple moving average of $391.02. Casey’s General Stores, Inc. has a fifty-two week low of $268.96 and a fifty-two week high of $439.68. The company has a quick ratio of 0.49, a current ratio of 0.88 and a debt-to-equity ratio of 0.74.

Casey’s General Stores (NASDAQ:CASY) last posted its quarterly earnings data on Monday, December 9th. The company reported $4.85 EPS for the quarter, beating analysts’ consensus estimates of $4.29 by $0.56. Casey’s General Stores had a net margin of 3.57% and a return on equity of 17.17%. The company had revenue of $3.95 billion during the quarter, compared to the consensus estimate of $4.03 billion. During the same quarter in the prior year, the company posted $4.24 EPS. The company’s quarterly revenue was down 2.9% compared to the same quarter last year. Equities 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 business also recently disclosed a quarterly dividend, which will be paid on Monday, February 17th. Stockholders of record on Monday, February 3rd will be paid a dividend of $0.50 per share. The ex-dividend date of this dividend is Monday, February 3rd. This represents a $2.00 annualized dividend and a dividend yield of 0.48%. Casey’s General Stores’s dividend payout ratio is presently 13.94%.

Insider Buying and Selling

In related news, insider Katrina S. Lindsey sold 450 shares of the company’s stock in a transaction on Thursday, December 12th. The shares were sold at an average price of $427.13, for a total transaction of $192,208.50. Following the completion of the sale, the insider now directly owns 2,247 shares of the company’s stock, valued at approximately $959,761.11. This represents a 16.69 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Mike Spanos acquired 500 shares of Casey’s General Stores stock in a transaction on Monday, December 23rd. The shares were bought at an average price of $396.76 per share, for a total transaction of $198,380.00. Following the purchase, the director now owns 3,097 shares of the company’s stock, valued at $1,228,765.72. This represents a 19.25 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 0.56% of the company’s stock.

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.