Universal Beteiligungs und Servicegesellschaft mbH Boosts Stock Position in Casey’s General Stores, Inc. $CASY

Universal Beteiligungs und Servicegesellschaft mbH grew its stake in shares of Casey’s General Stores, Inc. (NASDAQ:CASY) by 75.4% during the 4th quarter, HoldingsChannel reports. The fund owned 11,497 shares of the company’s stock after buying an additional 4,943 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH’s holdings in Casey’s General Stores were worth $6,358,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in CASY. Victory Capital Management Inc. lifted its position in shares of Casey’s General Stores by 35.4% during the third quarter. Victory Capital Management Inc. now owns 791,415 shares of the company’s stock worth $447,403,000 after acquiring an additional 206,777 shares in the last quarter. Barclays PLC lifted its position in shares of Casey’s General Stores by 717.6% during the third quarter. Barclays PLC now owns 159,106 shares of the company’s stock worth $89,946,000 after acquiring an additional 139,647 shares in the last quarter. Squarepoint Ops LLC lifted its position in shares of Casey’s General Stores by 146.4% during the third quarter. Squarepoint Ops LLC now owns 157,119 shares of the company’s stock worth $88,823,000 after acquiring an additional 93,366 shares in the last quarter. Hennessy Advisors Inc. raised its position in shares of Casey’s General Stores by 361.4% in the third quarter. Hennessy Advisors Inc. now owns 101,500 shares of the company’s stock worth $57,380,000 after buying an additional 79,500 shares in the last quarter. Finally, Holocene Advisors LP raised its position in shares of Casey’s General Stores by 98.2% in the second quarter. Holocene Advisors LP now owns 150,075 shares of the company’s stock worth $76,579,000 after buying an additional 74,371 shares in the last quarter. Hedge funds and other institutional investors own 85.63% of the company’s stock.

Casey’s General Stores Trading Up 0.6%

NASDAQ CASY opened at $804.50 on Tuesday. The stock’s 50-day simple moving average is $710.11 and its two-hundred day simple moving average is $622.90. Casey’s General Stores, Inc. has a twelve month low of $430.00 and a twelve month high of $806.49. The company has a quick ratio of 0.64, a current ratio of 1.04 and a debt-to-equity ratio of 0.61. The company has a market capitalization of $29.73 billion, a price-to-earnings ratio of 46.18, a PEG ratio of 2.60 and a beta of 0.61.

Casey’s General Stores (NASDAQ:CASY) last released its quarterly earnings results on Monday, March 9th. The company reported $3.49 earnings per share for the quarter, beating analysts’ consensus estimates of $2.94 by $0.55. Casey’s General Stores had a return on equity of 17.56% and a net margin of 3.83%.The business had revenue of $3.92 billion for the quarter, compared to the consensus estimate of $4.08 billion. During the same quarter last year, the business posted $2.33 earnings per share. The company’s revenue for the quarter was up .3% on a year-over-year basis. Research analysts forecast that Casey’s General Stores, Inc. will post 18.1 EPS for the current fiscal year.

Casey’s General Stores Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 15th. Stockholders of record on Friday, May 1st will be paid a dividend of $0.57 per share. This represents a $2.28 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date of this dividend is Friday, May 1st. Casey’s General Stores’s dividend payout ratio (DPR) is 13.09%.

Wall Street Analysts Forecast Growth

CASY has been the topic of a number of recent analyst reports. Weiss Ratings reiterated a “buy (b)” rating on shares of Casey’s General Stores in a research report on Friday, March 27th. Zacks Research upgraded Casey’s General Stores from a “hold” rating to a “strong-buy” rating in a research report on Thursday, April 23rd. Bank of America initiated coverage on Casey’s General Stores in a research report on Friday, January 9th. They issued a “buy” rating on the stock. Jefferies Financial Group increased their price objective on Casey’s General Stores from $700.00 to $780.00 and gave the stock a “buy” rating in a research report on Tuesday, March 10th. Finally, Northcoast Research downgraded Casey’s General Stores from a “buy” rating to a “neutral” rating in a research report on Wednesday, January 21st. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat, Casey’s General Stores currently has an average rating of “Moderate Buy” and a consensus price target of $725.09.

Insider Transactions at Casey’s General Stores

In other news, insider Katrina S. Lindsey sold 200 shares of the firm’s stock in a transaction dated Wednesday, March 11th. The stock was sold at an average price of $683.04, for a total transaction of $136,608.00. Following the transaction, the insider directly owned 4,039 shares of the company’s stock, valued at approximately $2,758,798.56. This trade represents a 4.72% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Mike Spanos acquired 300 shares of Casey’s General Stores stock in a transaction dated Friday, March 13th. The shares were bought at an average cost of $665.43 per share, for a total transaction of $199,629.00. Following the completion of the purchase, the director directly owned 4,499 shares of the company’s stock, valued at approximately $2,993,769.57. The trade was a 7.14% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. 0.54% of the stock is currently owned by company insiders.

Casey’s General Stores Company 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.