Casey’s General Stores, Inc. $CASY Shares Sold by Universal Beteiligungs und Servicegesellschaft mbH

Universal Beteiligungs und Servicegesellschaft mbH reduced its holdings in shares of Casey’s General Stores, Inc. (NASDAQ:CASY) by 6.0% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 4,406 shares of the company’s stock after selling 282 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH’s holdings in Casey’s General Stores were worth $2,248,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Summit Securities Group LLC purchased a new stake in shares of Casey’s General Stores during the first quarter worth about $32,000. Nvwm LLC purchased a new stake in Casey’s General Stores during the 2nd quarter worth approximately $32,000. Rossby Financial LCC increased its stake 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 purchasing an additional 58 shares in the last quarter. Caitong International Asset Management Co. Ltd purchased a new position in shares of Casey’s General Stores in the second quarter worth $42,000. Finally, WPG Advisers LLC purchased a new position in shares of Casey’s General Stores in the first quarter worth $47,000. 85.63% of the stock is currently owned by hedge funds and other institutional investors.

Casey’s General Stores Stock Performance

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

Casey’s General Stores (NASDAQ:CASY) last announced its quarterly earnings results on Monday, September 8th. The company reported $5.77 earnings per share for the quarter, beating the consensus estimate 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 analysts’ expectations of $4.47 billion. During the same period last year, the business earned $4.83 earnings per share. Casey’s General Stores’s quarterly revenue was up 11.5% on a year-over-year basis. On average, equities analysts expect that Casey’s General Stores, Inc. will post 13.94 EPS for the current year.

Casey’s General Stores Dividend Announcement

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

Insider Transactions at Casey’s General Stores

In related news, insider Chad Michael Frazell sold 3,487 shares of the stock in a transaction on Monday, September 29th. The shares were sold at an average price of $555.40, for a total transaction of $1,936,679.80. Following the sale, the insider directly owned 7,993 shares of the company’s stock, valued at approximately $4,439,312.20. This represents a 30.37% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Company insiders own 0.54% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on CASY shares. Weiss Ratings reissued a “buy (b+)” rating on shares of Casey’s General Stores in a research report on Thursday, November 13th. Stephens reissued an “overweight” rating and issued a $570.00 price objective on shares of Casey’s General Stores in a report on Wednesday, October 8th. BMO Capital Markets lifted their target price on Casey’s General Stores from $515.00 to $540.00 and gave the stock a “market perform” rating in a report on Wednesday, September 10th. Evercore ISI upped their target price on Casey’s General Stores from $580.00 to $585.00 and gave the company an “outperform” rating in a research report on Tuesday, October 21st. Finally, Zacks Research downgraded shares of Casey’s General Stores from a “strong-buy” rating to a “hold” rating in a report on Friday. Seven research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target 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.