Azimuth Capital Investment Management LLC Purchases 706 Shares of Casey's General Stores, Inc. (NASDAQ:CASY)

Azimuth Capital Investment Management LLC lifted its holdings in Casey's General Stores, Inc. (NASDAQ:CASY - Free Report) by 2.1% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 34,985 shares of the company's stock after purchasing an additional 706 shares during the period. Azimuth Capital Investment Management LLC owned about 0.09% of Casey's General Stores worth $13,862,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Invesco Ltd. boosted its stake in shares of Casey's General Stores by 19.3% during the 4th quarter. Invesco Ltd. now owns 294,634 shares of the company's stock worth $116,743,000 after acquiring an additional 47,710 shares during the last quarter. Waterloo Capital L.P. lifted its position in Casey's General Stores by 4.4% during the fourth quarter. Waterloo Capital L.P. now owns 2,700 shares of the company's stock valued at $1,070,000 after purchasing an additional 113 shares in the last quarter. Russell Investments Group Ltd. grew its holdings in Casey's General Stores by 38.9% during the fourth quarter. Russell Investments Group Ltd. now owns 43,129 shares of the company's stock valued at $17,090,000 after purchasing an additional 12,089 shares during the period. Islay Capital Management LLC increased its position in Casey's General Stores by 3.7% in the fourth quarter. Islay Capital Management LLC now owns 5,708 shares of the company's stock worth $2,262,000 after buying an additional 203 shares in the last quarter. Finally, Wells Fargo & Company MN increased its position in Casey's General Stores by 30.7% in the fourth quarter. Wells Fargo & Company MN now owns 100,279 shares of the company's stock worth $39,734,000 after buying an additional 23,541 shares in the last quarter. Hedge funds and other institutional investors own 85.63% of the company's stock.

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Casey's General Stores Trading Down 0.7 %

NASDAQ CASY traded down $3.01 during trading hours on Monday, hitting $454.24. 121,274 shares of the company were exchanged, compared to its average volume of 283,076. The stock has a market cap of $16.86 billion, a PE ratio of 31.65, a price-to-earnings-growth ratio of 2.40 and a beta of 0.74. Casey's General Stores, Inc. has a 52 week low of $306.69 and a 52 week high of $470.00. The stock has a 50-day moving average price of $418.43 and a 200 day moving average price of $407.99. 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 - Get Free Report) last issued its quarterly earnings results on Tuesday, March 11th. The company reported $2.33 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.76 by $0.57. Casey's General Stores had a return on equity of 17.17% and a net margin of 3.57%. The company had revenue of $3.90 billion during the quarter, compared to the consensus estimate of $3.74 billion. During the same period last year, the company earned $2.33 earnings per share. Casey's General Stores's revenue was up 17.2% on a year-over-year basis. Analysts forecast that Casey's General Stores, Inc. will post 13.94 earnings per share for the current fiscal year.

Casey's General Stores Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Thursday, May 1st will be given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 0.44%. The ex-dividend date of this dividend is Thursday, May 1st. Casey's General Stores's dividend payout ratio (DPR) is currently 13.94%.

Analysts Set New Price Targets

CASY has been the subject of a number of recent research reports. Gordon Haskett upgraded Casey's General Stores from a "hold" rating to a "buy" rating in a research note on Thursday, February 13th. BMO Capital Markets reiterated a "market perform" rating and issued a $450.00 price target (up from $400.00) on shares of Casey's General Stores in a research report on Wednesday, December 18th. StockNews.com downgraded shares of Casey's General Stores from a "buy" rating to a "hold" rating in a research report on Saturday, March 8th. KeyCorp initiated coverage on Casey's General Stores in a research note on Friday. They issued an "overweight" rating and a $500.00 price objective for the company. Finally, Stephens upgraded shares of Casey's General Stores to a "strong-buy" rating in a research report on Monday, April 7th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $430.33.

Insiders Place Their Bets

In related news, insider Katrina S. Lindsey sold 250 shares of the business's stock in a transaction on Friday, April 4th. The stock was sold at an average price of $437.01, for a total transaction of $109,252.50. Following the completion of the transaction, the insider now owns 2,443 shares in the company, valued at $1,067,615.43. The trade was a 9.28 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Mike Spanos bought 256 shares of Casey's General Stores stock in a transaction on Thursday, March 13th. The stock was acquired at an average price of $390.54 per share, for a total transaction of $99,978.24. Following the purchase, the director now owns 3,356 shares of the company's stock, valued at approximately $1,310,652.24. This trade represents a 8.26 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 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.