Casey’s General Stores, Inc. $CASY Shares Purchased by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in Casey’s General Stores, Inc. (NASDAQ:CASY) by 37.7% during the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 149,509 shares of the company’s stock after buying an additional 40,944 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Casey’s General Stores were worth $118,828,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of CASY. Fiduciary Financial Advisors purchased a new position in Casey’s General Stores during the second quarter worth $26,000. Bell Investment Advisors Inc purchased a new stake in shares of Casey’s General Stores in the second quarter valued at $33,000. Caitlin John LLC acquired a new stake in shares of Casey’s General Stores during the second quarter valued at $35,000. Whipplewood Advisors LLC acquired a new stake in shares of Casey’s General Stores during the first quarter valued at $33,000. Finally, RMG Wealth Management LLC increased its position in Casey’s General Stores by 250.0% during the 1st quarter. RMG Wealth Management LLC now owns 56 shares of the company’s stock worth $41,000 after purchasing an additional 40 shares in the last quarter. Institutional investors and hedge funds own 85.63% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on CASY. Morgan Stanley raised shares of Casey’s General Stores to a “buy” rating in a research note on Wednesday, June 10th. Northcoast Research upgraded shares of Casey’s General Stores from a “neutral” rating to a “buy” rating and set a $950.00 price target for the company in a report on Monday, July 13th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $1,000.00 price objective on shares of Casey’s General Stores in a research report on Monday, June 15th. Wall Street Zen raised shares of Casey’s General Stores from a “hold” rating to a “buy” rating in a research note on Saturday, June 13th. Finally, UBS Group decreased their target price on shares of Casey’s General Stores from $945.00 to $925.00 and set a “neutral” rating on the stock in a research report on Thursday, August 27th. Fourteen investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat, Casey’s General Stores currently has an average rating of “Moderate Buy” and a consensus target price of $942.87.

Casey’s General Stores Stock Up 2.0%

Shares of NASDAQ:CASY opened at $766.91 on Wednesday. The stock’s 50-day moving average price is $829.03 and its two-hundred day moving average price is $783.70. The company has a current ratio of 1.01, a quick ratio of 0.60 and a debt-to-equity ratio of 0.59. Casey’s General Stores, Inc. has a 12-month low of $490.50 and a 12-month high of $927.85. The firm has a market cap of $28.38 billion, a price-to-earnings ratio of 40.03, a PEG ratio of 2.57 and a beta of 0.59.

Casey’s General Stores (NASDAQ:CASY) last posted its quarterly earnings data on Tuesday, June 9th. The company reported $4.37 EPS for the quarter, beating analysts’ consensus estimates of $3.31 by $1.06. The company had revenue of $4.57 billion during the quarter, compared to the consensus estimate of $4.33 billion. Casey’s General Stores had a net margin of 4.07% and a return on equity of 18.73%. The company’s quarterly revenue was up 14.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.63 EPS. On average, research analysts forecast that Casey’s General Stores, Inc. will post 21.11 EPS for the current year.

Casey’s General Stores Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 14th. Investors of record on Saturday, August 1st were given a dividend of $0.65 per share. This represents a $2.60 annualized dividend and a yield of 0.3%. This is a positive change from Casey’s General Stores’s previous quarterly dividend of $0.57. The ex-dividend date of this dividend was Friday, July 31st. Casey’s General Stores’s dividend payout ratio (DPR) is currently 13.57%.

Insider Activity at Casey’s General Stores

In other Casey’s General Stores news, CFO Stephen P. Bramlage, Jr. sold 5,700 shares of the stock in a transaction that occurred on Wednesday, July 8th. The shares were sold at an average price of $838.16, for a total transaction of $4,777,512.00. Following the transaction, the chief financial officer owned 29,677 shares of the company’s stock, valued at $24,874,074.32. This trade represents a 16.11% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Allison M. Wing sold 530 shares of Casey’s General Stores stock in a transaction on Wednesday, July 8th. The shares were sold at an average price of $837.58, for a total transaction of $443,917.40. Following the completion of the transaction, the director owned 3,042 shares in the company, valued at approximately $2,547,918.36. This trade represents a 14.84% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 30,243 shares of company stock valued at $24,421,877 over the last 90 days. 0.67% of the stock is currently owned by 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.