Universal Beteiligungs und Servicegesellschaft mbH Sells 282 Shares of Casey’s General Stores, Inc. $CASY

Universal Beteiligungs und Servicegesellschaft mbH decreased its position in shares of Casey’s General Stores, Inc. (NASDAQ:CASY) by 6.0% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,406 shares of the company’s stock after selling 282 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH’s holdings in Casey’s General Stores were worth $2,248,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in CASY. Summit Securities Group LLC bought a new position in Casey’s General Stores during the 1st quarter valued at about $32,000. Nvwm LLC bought a new stake in shares of Casey’s General Stores during the 2nd quarter worth approximately $32,000. Rossby Financial LCC boosted its holdings in Casey’s General Stores by 580.0% during the 2nd quarter. Rossby Financial LCC now owns 68 shares of the company’s stock valued at $35,000 after acquiring an additional 58 shares during the period. Caitong International Asset Management Co. Ltd purchased a new position in Casey’s General Stores during the 2nd quarter valued at $42,000. Finally, WPG Advisers LLC bought a new position in shares of Casey’s General Stores in the first quarter worth about $47,000. Hedge funds and other institutional investors own 85.63% of the company’s stock.

Insider Buying and Selling

In other Casey’s General Stores news, insider Chad Michael Frazell sold 3,487 shares of the business’s stock in a transaction dated Monday, September 29th. The shares were sold at an average price of $555.40, for a total value of $1,936,679.80. Following the completion of the transaction, the insider directly owned 7,993 shares in the company, valued at approximately $4,439,312.20. The trade was a 30.37% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.54% of the company’s stock.

Casey’s General Stores Stock Performance

Shares of CASY stock opened at $540.79 on Tuesday. The firm has a market cap of $20.11 billion, a price-to-earnings ratio of 34.71 and a beta of 0.66. The company’s 50 day moving average is $545.97 and its 200 day moving average is $514.62. The company has a quick ratio of 0.61, a current ratio of 1.03 and a debt-to-equity ratio of 0.65. Casey’s General Stores, Inc. has a 52-week low of $372.08 and a 52-week high of $572.18.

Casey’s General Stores (NASDAQ:CASY) last posted its earnings results on Monday, September 8th. The company reported $5.77 earnings per share for the quarter, topping analysts’ consensus estimates of $5.02 by $0.75. Casey’s General Stores had a return on equity of 16.73% and a net margin of 3.54%.The company had revenue of $4.57 billion during the quarter, compared to analyst estimates of $4.47 billion. During the same quarter in the prior year, the business earned $4.83 earnings per share. Casey’s General Stores’s revenue was up 11.5% on a year-over-year basis. On average, sell-side analysts anticipate that Casey’s General Stores, Inc. will post 13.94 EPS for the current fiscal year.

Casey’s General Stores Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, November 14th. Shareholders of record on Saturday, November 1st were paid a $0.57 dividend. This represents a $2.28 annualized dividend and a yield of 0.4%. The ex-dividend date was Friday, October 31st. Casey’s General Stores’s payout ratio is 14.63%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on CASY shares. BMO Capital Markets lifted their price objective on shares of Casey’s General Stores from $515.00 to $540.00 and gave the company a “market perform” rating in a report on Wednesday, September 10th. Jefferies Financial Group lifted their price target on shares of Casey’s General Stores from $575.00 to $600.00 and gave the company a “buy” rating in a research note on Tuesday, September 9th. Stephens reissued an “overweight” rating and issued a $570.00 price objective on shares of Casey’s General Stores in a research note on Wednesday, October 8th. Wells Fargo & Company initiated coverage on Casey’s General Stores in a report on Wednesday, October 15th. They set an “overweight” rating and a $610.00 price objective on the stock. Finally, Evercore ISI upped their target price on Casey’s General Stores from $580.00 to $585.00 and gave the stock an “outperform” rating in a report on Tuesday, October 21st. Seven analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, Casey’s General Stores has an average rating of “Moderate Buy” and an average target price of $564.00.

About Casey’s General Stores

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.