Barclays PLC Boosts Position in Casey's General Stores, Inc. (NASDAQ:CASY)

Barclays PLC raised its holdings in Casey's General Stores, Inc. (NASDAQ:CASY - Free Report) by 41.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 31,803 shares of the company's stock after purchasing an additional 9,316 shares during the quarter. Barclays PLC owned 0.09% of Casey's General Stores worth $12,600,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Synovus Financial Corp boosted its stake in shares of Casey's General Stores by 74.4% during the 3rd quarter. Synovus Financial Corp now owns 16,595 shares of the company's stock worth $6,235,000 after acquiring an additional 7,078 shares in the last quarter. Franklin Resources Inc. grew its holdings in Casey's General Stores by 49.9% in the third quarter. Franklin Resources Inc. now owns 524,237 shares of the company's stock valued at $204,861,000 after purchasing an additional 174,586 shares during the period. Oddo BHF Asset Management Sas purchased a new stake in shares of Casey's General Stores in the third quarter valued at approximately $899,000. Logan Capital Management Inc. purchased a new stake in shares of Casey's General Stores in the third quarter valued at approximately $2,049,000. Finally, Lord Abbett & CO. LLC acquired a new position in shares of Casey's General Stores during the 3rd quarter worth approximately $23,294,000. 85.63% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the stock. Stephens raised shares of Casey's General Stores to a "strong-buy" rating in a report on Monday, April 7th. KeyCorp initiated coverage on shares of Casey's General Stores in a research note on Friday, April 11th. They issued an "overweight" rating and a $500.00 price target on the stock. Evercore ISI lifted their price objective on Casey's General Stores from $450.00 to $460.00 and gave the stock an "outperform" rating in a report on Tuesday, April 1st. StockNews.com lowered Casey's General Stores from a "buy" rating to a "hold" rating in a research note on Saturday, March 8th. Finally, Royal Bank of Canada set a $438.00 price target on Casey's General Stores and gave the stock a "sector perform" rating in a research report on Wednesday, March 12th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat, Casey's General Stores has a consensus rating of "Moderate Buy" and an average target price of $430.33.

Casey's General Stores Trading Down 0.1 %

Shares of CASY stock traded down $0.64 during trading on Friday, hitting $446.65. 294,646 shares of the stock traded hands, compared to its average volume of 285,781. The firm's fifty day moving average price is $422.88 and its 200-day moving average price is $412.77. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.88 and a quick ratio of 0.49. The firm has a market capitalization of $16.58 billion, a P/E ratio of 31.15, 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 $313.67 and a 52-week high of $468.88.

Casey's General Stores (NASDAQ:CASY - Get Free Report) last issued its quarterly earnings data on Tuesday, March 11th. The company reported $2.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.76 by $0.57. Casey's General Stores had a net margin of 3.57% and a return on equity of 17.17%. The firm had revenue of $3.90 billion for the quarter, compared to analyst estimates of $3.74 billion. During the same period in the previous year, the firm earned $2.33 EPS. Casey's General Stores's revenue was up 17.2% on a year-over-year basis. As a group, research analysts forecast that Casey's General Stores, Inc. will post 13.94 earnings per share for the current fiscal year.

Casey's General Stores Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Thursday, May 1st will be paid a $0.50 dividend. The ex-dividend date of this dividend is Thursday, May 1st. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.45%. Casey's General Stores's payout ratio is presently 13.94%.

Insider Transactions at Casey's General Stores

In other news, insider Katrina S. Lindsey sold 250 shares of Casey's General Stores stock in a transaction dated Friday, April 4th. The stock was sold at an average price of $437.01, for a total value of $109,252.50. Following the completion of the transaction, the insider now owns 2,443 shares in the company, valued at approximately $1,067,615.43. This trade represents a 9.28 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Mike Spanos bought 256 shares of the business's stock in a transaction that occurred on Thursday, March 13th. The shares were purchased at an average price of $390.54 per share, for a total transaction of $99,978.24. Following the completion of the purchase, the director now directly 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 position. The disclosure for this purchase can be found here. Corporate insiders own 0.56% of the company's stock.

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.