Casey's General Stores, Inc. (NASDAQ:CASY) Shares Purchased by Envestnet Portfolio Solutions Inc.

Envestnet Portfolio Solutions Inc. increased its position in shares of Casey's General Stores, Inc. (NASDAQ:CASY - Free Report) by 12.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 10,572 shares of the company's stock after purchasing an additional 1,189 shares during the period. Envestnet Portfolio Solutions Inc.'s holdings in Casey's General Stores were worth $4,189,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of CASY. Catalyst Funds Management Pty Ltd purchased a new stake in shares of Casey's General Stores during the 4th quarter valued at approximately $901,000. Northwest Wealth Management LLC raised its position in Casey's General Stores by 91.4% in the fourth quarter. Northwest Wealth Management LLC now owns 3,116 shares of the company's stock valued at $1,235,000 after purchasing an additional 1,488 shares during the period. Thompson Siegel & Walmsley LLC lifted its stake in shares of Casey's General Stores by 205.4% in the 4th quarter. Thompson Siegel & Walmsley LLC now owns 12,807 shares of the company's stock valued at $5,075,000 after purchasing an additional 8,613 shares during the last quarter. Commonwealth Equity Services LLC lifted its stake in shares of Casey's General Stores by 7.9% in the 4th quarter. Commonwealth Equity Services LLC now owns 13,602 shares of the company's stock valued at $5,389,000 after purchasing an additional 999 shares during the last quarter. Finally, Swiss National Bank grew its holdings in shares of Casey's General Stores by 0.7% during the 4th quarter. Swiss National Bank now owns 72,987 shares of the company's stock worth $28,920,000 after purchasing an additional 500 shares during the period. 85.63% of the stock is currently owned by institutional investors and hedge funds.

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Analysts Set New Price Targets

Several brokerages recently issued reports on CASY. Evercore ISI reduced their price objective on shares of Casey's General Stores from $460.00 to $450.00 and set an "outperform" rating on the stock in a report on Tuesday, March 11th. StockNews.com cut shares of Casey's General Stores from a "buy" rating to a "hold" rating in a research report on Saturday, March 8th. Gordon Haskett upgraded Casey's General Stores from a "hold" rating to a "buy" rating in a report on Thursday, February 13th. BMO Capital Markets restated a "market perform" rating and set a $450.00 target price (up from $400.00) on shares of Casey's General Stores in a report on Wednesday, December 18th. Finally, Royal Bank of Canada set a $438.00 target price on shares of Casey's General Stores and gave the stock a "sector perform" rating in a research note on Wednesday, March 12th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and eight have issued a buy rating to the company. According to MarketBeat, Casey's General Stores currently has an average rating of "Moderate Buy" and an average target price of $423.09.

Insider Buying and Selling at Casey's General Stores

In other news, Director Mike Spanos acquired 256 shares of Casey's General Stores stock in a transaction on Thursday, March 13th. The stock was bought 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 owns 3,356 shares in the company, valued at $1,310,652.24. This represents a 8.26 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.56% of the stock is currently owned by insiders.

Casey's General Stores Stock Up 2.3 %

Shares of NASDAQ:CASY traded up $9.16 on Friday, hitting $404.00. 493,273 shares of the company's stock were exchanged, compared to its average volume of 268,418. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.49 and a current ratio of 0.88. Casey's General Stores, Inc. has a 1-year low of $306.45 and a 1-year high of $445.17. The company has a market capitalization of $15.00 billion, a PE ratio of 28.15, a P/E/G ratio of 2.40 and a beta of 0.87. The firm's 50-day moving average is $410.20 and its 200 day moving average is $400.80.

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

Casey's General Stores Dividend Announcement

The business also recently declared 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. The ex-dividend date is Thursday, May 1st. This represents a $2.00 dividend on an annualized basis and a yield of 0.50%. Casey's General Stores's dividend payout ratio (DPR) is presently 13.94%.

Casey's General Stores Company 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.