UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Raises Position in Casey's General Stores, Inc. (NASDAQ:CASY)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in Casey's General Stores, Inc. (NASDAQ:CASY - Free Report) by 2.9% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 107,913 shares of the company's stock after acquiring an additional 3,074 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.29% of Casey's General Stores worth $42,758,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. YANKCOM Partnership purchased a new position in shares of Casey's General Stores during the 4th quarter worth about $34,000. Heck Capital Advisors LLC purchased a new stake in shares of Casey's General Stores in the 4th quarter worth approximately $79,000. V Square Quantitative Management LLC lifted its position 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 worth $83,000 after purchasing an additional 52 shares during the period. Point72 Hong Kong Ltd purchased a new stake in Casey's General Stores during the fourth quarter valued at approximately $87,000. Finally, SBI Securities Co. Ltd. purchased a new stake in Casey's General Stores during the fourth quarter valued at approximately $95,000. 85.63% of the stock is currently owned by institutional investors.

Casey's General Stores Trading Down 0.1%

Shares of Casey's General Stores stock traded down $0.30 on Friday, reaching $440.22. The company had a trading volume of 88,167 shares, compared to its average volume of 292,865. The firm's 50 day moving average price is $446.15 and its two-hundred day moving average price is $422.64. The firm has a market cap of $16.34 billion, a PE ratio of 30.68, a PEG ratio of 2.40 and a beta of 0.70. Casey's General Stores, Inc. has a 52-week low of $313.89 and a 52-week high of $474.97. 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 released 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 business had revenue of $3.90 billion for the quarter, compared to the consensus estimate of $3.74 billion. Casey's General Stores had a net margin of 3.57% and a return on equity of 17.17%. The business's revenue was up 17.2% on a year-over-year basis. During the same period in the previous year, the firm earned $2.33 EPS. Sell-side analysts predict 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 firm also recently announced a quarterly dividend, which was paid on Thursday, May 15th. Shareholders of record on Thursday, May 1st were issued a dividend of $0.50 per share. The ex-dividend date of this dividend was Thursday, May 1st. This represents a $2.00 dividend on an annualized basis and a yield of 0.45%. Casey's General Stores's dividend payout ratio (DPR) is presently 13.94%.

Analysts Set New Price Targets

Several equities research analysts have recently commented on CASY shares. Stephens upgraded shares of Casey's General Stores to a "strong-buy" rating in a research note on Monday, April 7th. Gordon Haskett upgraded shares of Casey's General Stores from a "hold" rating to a "buy" rating in a research report on Thursday, February 13th. Evercore ISI lifted 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 report on Tuesday, April 1st. KeyCorp began coverage on shares of Casey's General Stores in a research report on Friday, April 11th. They issued an "overweight" rating and a $500.00 target price on the stock. Finally, Royal Bank of Canada set a $438.00 price target on shares of Casey's General Stores and gave the stock a "sector perform" rating in a research report on Wednesday, March 12th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $430.33.

Insiders Place Their Bets

In other Casey's General Stores news, insider Katrina S. Lindsey sold 250 shares of the stock in a transaction that occurred on Friday, April 4th. The shares were sold at an average price of $437.01, for a total value of $109,252.50. Following the sale, the insider now directly owns 2,443 shares of the company's stock, valued at approximately $1,067,615.43. This represents a 9.28% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director Mike Spanos acquired 256 shares of the company's stock in a transaction on Thursday, March 13th. The stock was purchased at an average cost of $390.54 per share, for a total transaction of $99,978.24. Following the completion of the transaction, the director now owns 3,356 shares in the company, valued at approximately $1,310,652.24. The trade was a 8.26% increase in their position. The disclosure for this purchase can be found here. 0.56% of the stock is owned by company insiders.

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.