Universal Beteiligungs und Servicegesellschaft mbH grew its holdings in Casey's General Stores, Inc. (NASDAQ:CASY - Free Report) by 75.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,497 shares of the company's stock after purchasing an additional 4,943 shares during the quarter. 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).
Other institutional investors have also added to or reduced their stakes in the company. Cannon Global Investment Management LLC acquired a new position in Casey's General Stores during the 3rd quarter worth approximately $1,018,000. Advisors Capital Management LLC raised its stake in shares of Casey's General Stores by 4.4% in the third quarter. Advisors Capital Management LLC now owns 48,355 shares of the company's stock worth $27,336,000 after purchasing an additional 2,026 shares during the last quarter. Thrivent Financial for Lutherans raised its stake in shares of Casey's General Stores by 1.0% in the third quarter. Thrivent Financial for Lutherans now owns 191,156 shares of the company's stock worth $108,065,000 after purchasing an additional 1,950 shares during the last quarter. AE Wealth Management LLC raised its stake in shares of Casey's General Stores by 82.3% in the third quarter. AE Wealth Management LLC now owns 2,574 shares of the company's stock worth $1,456,000 after purchasing an additional 1,162 shares during the last quarter. Finally, Dillon & Associates Inc. raised its stake in shares of Casey's General Stores by 25.1% in the third quarter. Dillon & Associates Inc. now owns 25,737 shares of the company's stock worth $14,541,000 after purchasing an additional 5,161 shares during the last quarter. 85.63% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
Several research firms have recently issued reports on CASY. Deutsche Bank Aktiengesellschaft set a $688.00 target price on Casey's General Stores in a report on Thursday, January 8th. Wells Fargo & Company upped their target price on Casey's General Stores from $725.00 to $745.00 and gave the company an "overweight" rating in a report on Tuesday, March 10th. Bank of America began coverage on Casey's General Stores in a report on Friday, January 9th. They issued a "buy" rating for the company. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Casey's General Stores in a report on Friday, March 27th. Finally, Northcoast Research lowered Casey's General Stores from a "buy" rating to a "neutral" rating in a report on Wednesday, January 21st. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat.com, Casey's General Stores currently has an average rating of "Moderate Buy" and a consensus target price of $725.09.
Check Out Our Latest Report on Casey's General Stores
Insider Buying and Selling at Casey's General Stores
In other Casey's General Stores news, insider Katrina S. Lindsey sold 200 shares of the stock in a transaction on Wednesday, March 11th. The stock was sold at an average price of $683.04, for a total transaction of $136,608.00. Following the completion of the transaction, the insider directly owned 4,039 shares of the company's stock, valued at approximately $2,758,798.56. This represents a 4.72% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Mike Spanos bought 300 shares of the company's stock in a transaction on Friday, March 13th. The shares were bought at an average price of $665.43 per share, for a total transaction of $199,629.00. Following the transaction, the director owned 4,499 shares of the company's stock, valued at approximately $2,993,769.57. This represents a 7.14% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. 0.54% of the stock is currently owned by corporate insiders.
Casey's General Stores Price Performance
Shares of NASDAQ CASY opened at $804.50 on Tuesday. The stock has a fifty day simple moving average of $710.11 and a two-hundred day simple moving average of $622.90. Casey's General Stores, Inc. has a 1-year low of $430.00 and a 1-year high of $806.49. The firm has a market cap of $29.73 billion, a price-to-earnings ratio of 46.18, a price-to-earnings-growth ratio of 2.60 and a beta of 0.61. The company has a current ratio of 1.04, a quick ratio of 0.64 and a debt-to-equity ratio of 0.61.
Casey's General Stores (NASDAQ:CASY - Get Free Report) last announced its quarterly earnings data on Monday, March 9th. The company reported $3.49 earnings per share for the quarter, beating the consensus estimate 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 during the quarter, compared to analyst estimates of $4.08 billion. During the same period in the prior year, the company earned $2.33 earnings per share. Casey's General Stores's revenue was up .3% compared to the same quarter last year. Analysts anticipate that Casey's General Stores, Inc. will post 18.1 earnings per share for the current year.
Casey's General Stores Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 15th. Shareholders of record on Friday, May 1st will be issued a dividend of $0.57 per share. This represents a $2.28 annualized dividend and a yield of 0.3%. The ex-dividend date of this dividend is Friday, May 1st. Casey's General Stores's dividend payout ratio is 13.09%.
About Casey's General Stores
(
Free Report)
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.
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