Universal Beteiligungs und Servicegesellschaft mbH Raises Holdings in Casey’s General Stores, Inc. $CASY

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

A number of other institutional investors and hedge funds have also recently bought and sold shares of CASY. Nvwm LLC purchased a new position in Casey’s General Stores during the second quarter worth $32,000. Rossby Financial LCC lifted its position in shares of Casey’s General Stores by 580.0% in the second quarter. Rossby Financial LCC now owns 68 shares of the company’s stock valued at $35,000 after acquiring an additional 58 shares in the last quarter. Caitong International Asset Management Co. Ltd acquired a new stake in shares of Casey’s General Stores during the second quarter valued at $42,000. Osterweis Capital Management Inc. acquired a new stake in shares of Casey’s General Stores during the second quarter valued at $45,000. Finally, Bogart Wealth LLC increased its position in Casey’s General Stores by 388.5% during the 3rd quarter. Bogart Wealth LLC now owns 127 shares of the company’s stock worth $72,000 after purchasing an additional 101 shares in the last quarter. Hedge funds and other institutional investors own 85.63% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have issued reports on the stock. KeyCorp set a $680.00 target price on shares of Casey’s General Stores in a report on Monday. Bank of America began coverage on shares of Casey’s General Stores in a research note on Friday, January 9th. They set a “buy” rating on the stock. The Goldman Sachs Group restated a “neutral” rating and set a $530.00 target price on shares of Casey’s General Stores in a research report on Wednesday, December 10th. Royal Bank Of Canada reiterated a “sector perform” rating and issued a $662.00 price target on shares of Casey’s General Stores in a report on Friday, January 23rd. Finally, BNP Paribas Exane began coverage on Casey’s General Stores in a research note on Tuesday, January 20th. They set an “outperform” rating and a $730.00 price target on the stock. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat.com, Casey’s General Stores has a consensus rating of “Moderate Buy” and a consensus price target of $624.09.

Casey’s General Stores Price Performance

Casey’s General Stores stock opened at $615.29 on Thursday. Casey’s General Stores, Inc. has a 1 year low of $372.08 and a 1 year high of $647.99. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.65 and a current ratio of 1.05. The firm has a 50 day moving average price of $577.47 and a 200 day moving average price of $547.45. 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 announced its quarterly earnings results on Tuesday, December 9th. The company reported $5.53 earnings per share for the quarter, beating analysts’ consensus estimates of $4.92 by $0.61. The company had revenue of $4.51 billion for the quarter, compared to analyst estimates of $4.51 billion. Casey’s General Stores had a net margin of 3.58% and a return on equity of 16.89%. Casey’s General Stores’s revenue for the quarter was up 14.2% on a year-over-year basis. During the same quarter last year, the business earned $4.85 EPS. Sell-side analysts predict 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 Friday, February 13th. Shareholders of record on Sunday, February 1st will be given a dividend of $0.57 per share. This represents a $2.28 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date of this dividend is Friday, January 30th. Casey’s General Stores’s payout ratio is 14.02%.

Insider Buying and Selling

In other news, Director Moats Maria Castanon acquired 300 shares of the business’s stock in a transaction dated Monday, January 5th. The shares were bought at an average cost of $554.66 per share, for a total transaction of $166,398.00. Following the acquisition, the director directly owned 803 shares in the company, valued at $445,391.98. This trade represents a 59.64% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.54% of the stock is owned by corporate 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.