Envestnet Asset Management Inc. Cuts Stock Position in Casey's General Stores, Inc. (NASDAQ:CASY)

Envestnet Asset Management Inc. lessened its position in shares of Casey's General Stores, Inc. (NASDAQ:CASY - Free Report) by 3.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 419,072 shares of the company's stock after selling 15,401 shares during the quarter. Envestnet Asset Management Inc. owned about 1.13% of Casey's General Stores worth $166,049,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. YANKCOM Partnership purchased a new position in shares of Casey's General Stores in the fourth quarter valued at $34,000. Endeavor Private Wealth Inc. purchased a new position in shares of Casey's General Stores in the 4th quarter worth $36,000. MassMutual Private Wealth & Trust FSB increased its holdings in shares of Casey's General Stores by 24.2% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 149 shares of the company's stock worth $59,000 after buying an additional 29 shares during the last quarter. Heck Capital Advisors LLC purchased a new stake in shares of Casey's General Stores during the 4th quarter valued at about $79,000. Finally, V Square Quantitative Management LLC lifted its holdings in shares of Casey's General Stores by 32.9% in the 4th quarter. V Square Quantitative Management LLC now owns 210 shares of the company's stock valued at $83,000 after acquiring an additional 52 shares during the last quarter. Institutional investors own 85.63% of the company's stock.

Insider Activity at Casey's General Stores

In other Casey's General Stores news, insider Katrina S. Lindsey sold 250 shares of the 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 sale, the insider now owns 2,443 shares of the company's stock, valued at approximately $1,067,615.43. This trade represents a 9.28 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Mike Spanos purchased 256 shares of the business's stock in a transaction dated 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 acquisition, the director now directly owns 3,356 shares in the company, 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. 0.56% of the stock is currently owned by corporate insiders.

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Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the company. Stephens raised Casey's General Stores to a "strong-buy" rating in a research note on Monday, April 7th. KeyCorp began coverage on Casey's General Stores in a report on Friday. They set an "overweight" rating and a $500.00 price target on the stock. StockNews.com lowered shares of Casey's General Stores from a "buy" rating to a "hold" rating in a research note on Saturday, March 8th. Evercore ISI increased their target price on shares of 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. 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 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 given a strong buy rating to the company's stock. Based on data from MarketBeat, Casey's General Stores has an average rating of "Moderate Buy" and an average price target of $430.33.

Casey's General Stores Trading Up 4.4 %

Casey's General Stores stock traded up $19.24 during trading hours on Friday, hitting $457.25. The company had a trading volume of 520,287 shares, compared to its average volume of 283,488. The firm has a market cap of $16.97 billion, a P/E ratio of 31.86, a P/E/G ratio of 2.40 and a beta of 0.74. The company has a 50-day moving average price of $418.43 and a two-hundred day moving average price of $407.75. Casey's General Stores, Inc. has a 1 year low of $306.60 and a 1 year high of $459.46. 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 (NASDAQ:CASY - Get Free Report) last announced its quarterly earnings results on Tuesday, March 11th. The company reported $2.33 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.76 by $0.57. The firm had revenue of $3.90 billion during the quarter, compared to analyst estimates of $3.74 billion. Casey's General Stores had a return on equity of 17.17% and a net margin of 3.57%. Casey's General Stores's quarterly revenue was up 17.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.33 earnings per share. On average, sell-side analysts anticipate that Casey's General Stores, Inc. will post 13.94 earnings per share for the current year.

Casey's General Stores Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Thursday, May 1st will be paid a dividend of $0.50 per share. The ex-dividend date of this dividend is Thursday, May 1st. This represents a $2.00 annualized dividend and a dividend yield of 0.44%. Casey's General Stores's dividend payout ratio is currently 13.94%.

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.