Casey’s General Stores, Inc. $CASY Shares Bought by Universal Beteiligungs und Servicegesellschaft mbH

Universal Beteiligungs und Servicegesellschaft mbH raised its holdings in shares of Casey’s General Stores, Inc. (NASDAQ:CASY) by 48.8% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 6,554 shares of the company’s stock after acquiring an additional 2,148 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH’s holdings in Casey’s General Stores were worth $3,705,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Cannon Global Investment Management LLC purchased a new position in shares of Casey’s General Stores in the 3rd quarter valued at approximately $1,018,000. UNIVEST FINANCIAL Corp lifted its holdings in shares of Casey’s General Stores by 157.2% during the second quarter. UNIVEST FINANCIAL Corp now owns 8,556 shares of the company’s stock worth $4,366,000 after purchasing an additional 5,230 shares during the period. Franklin Resources Inc. grew its position in Casey’s General Stores by 0.3% in the 2nd quarter. Franklin Resources Inc. now owns 708,893 shares of the company’s stock valued at $361,727,000 after buying an additional 2,467 shares during the last quarter. West Bancorporation Inc. purchased a new position in Casey’s General Stores in the 2nd quarter valued at $278,000. Finally, Corient Private Wealth LLC increased its stake in Casey’s General Stores by 13.8% in the 2nd quarter. Corient Private Wealth LLC now owns 186,357 shares of the company’s stock valued at $95,068,000 after buying an additional 22,581 shares during the period. Institutional investors and hedge funds own 85.63% of the company’s stock.

Insider Activity

In other news, Director Moats Maria Castanon purchased 300 shares of the business’s stock in a transaction dated Monday, January 5th. The stock was acquired at an average price of $554.66 per share, with a total value of $166,398.00. Following the purchase, the director directly owned 803 shares of the company’s stock, valued at $445,391.98. This represents a 59.64% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.54% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several analysts have recently commented on the stock. Bank of America began coverage on shares of Casey’s General Stores in a research note on Friday, January 9th. They issued a “buy” rating for the company. Stephens raised their price objective on shares of Casey’s General Stores from $570.00 to $600.00 and gave the company an “overweight” rating in a research report on Wednesday, December 3rd. Wells Fargo & Company lifted their price objective on Casey’s General Stores from $610.00 to $625.00 and gave the company an “overweight” rating in a report on Tuesday, December 2nd. Zacks Research upgraded Casey’s General Stores from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 12th. Finally, Royal Bank Of Canada reissued a “sector perform” rating and set a $662.00 target price on shares of Casey’s General Stores in a research note on Friday, January 23rd. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat, Casey’s General Stores has a consensus rating of “Moderate Buy” and a consensus target price of $624.09.

Casey’s General Stores Price Performance

CASY stock opened at $615.29 on Thursday. The firm has a 50 day moving average of $577.47 and a 200-day moving average of $547.45. Casey’s General Stores, Inc. has a 12-month low of $372.08 and a 12-month high of $647.99. The company has a current ratio of 1.05, a quick ratio of 0.65 and a debt-to-equity ratio of 0.62. The company has a market cap of $22.81 billion, a price-to-earnings ratio of 37.84, a PEG ratio of 2.18 and a beta of 0.67.

Casey’s General Stores (NASDAQ:CASY) last released its quarterly earnings results on Tuesday, December 9th. The company reported $5.53 earnings per share for the quarter, topping analysts’ consensus estimates of $4.92 by $0.61. The business had revenue of $4.51 billion for the quarter, compared to analysts’ expectations of $4.51 billion. Casey’s General Stores had a return on equity of 16.89% and a net margin of 3.58%.The company’s revenue was up 14.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $4.85 EPS. As a group, 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 company also recently declared a quarterly dividend, which will be paid on Friday, February 13th. Stockholders of record on Sunday, February 1st will be given a $0.57 dividend. The ex-dividend date is Friday, January 30th. This represents a $2.28 dividend on an annualized basis and a dividend yield of 0.4%. Casey’s General Stores’s dividend payout ratio (DPR) is currently 14.02%.

Casey’s General Stores Profile

Casey’s General Stores, Inc (NASDAQ: CASY) is a U.S.-based convenience store chain that operates retail fuel stations and food-focused convenience outlets. Founded in 1959 in Boone, Iowa, the company has grown from a single neighborhood store into a regional operator known for combining traditional convenience retailing—fuel, packaged goods and tobacco—with a larger emphasis on fresh and prepared foods.

The company’s stores typically offer gasoline and diesel alongside a range of grocery essentials, grab-and-go items and made-to-order foodservice.