Mitsubishi UFJ Trust & Banking Corp Acquires 1,123 Shares of Casey’s General Stores, Inc. $CASY

Mitsubishi UFJ Trust & Banking Corp boosted its holdings in shares of Casey’s General Stores, Inc. (NASDAQ:CASY) by 123.8% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,030 shares of the company’s stock after acquiring an additional 1,123 shares during the period. Mitsubishi UFJ Trust & Banking Corp’s holdings in Casey’s General Stores were worth $1,148,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the business. Cannon Global Investment Management LLC bought a new position in shares of Casey’s General Stores in the third quarter worth approximately $1,018,000. UNIVEST FINANCIAL Corp increased its position in shares of Casey’s General Stores by 157.2% during the second quarter. UNIVEST FINANCIAL Corp now owns 8,556 shares of the company’s stock valued at $4,366,000 after acquiring an additional 5,230 shares in the last quarter. Franklin Resources Inc. raised its holdings in Casey’s General Stores by 0.3% in the 2nd quarter. Franklin Resources Inc. now owns 708,893 shares of the company’s stock worth $361,727,000 after acquiring an additional 2,467 shares during the last quarter. West Bancorporation Inc. bought a new position in Casey’s General Stores in the 2nd quarter valued at approximately $278,000. Finally, Corient Private Wealth LLC lifted its position in Casey’s General Stores by 13.8% in the 2nd quarter. Corient Private Wealth LLC now owns 186,357 shares of the company’s stock valued at $95,068,000 after acquiring an additional 22,581 shares in the last quarter. Institutional investors own 85.63% of the company’s stock.

Casey’s General Stores Trading Down 0.8%

NASDAQ:CASY opened at $606.50 on Friday. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.05 and a quick ratio of 0.65. The firm has a market capitalization of $22.48 billion, a price-to-earnings ratio of 37.30, a price-to-earnings-growth ratio of 2.16 and a beta of 0.67. Casey’s General Stores, Inc. has a one year low of $372.08 and a one year high of $647.99. The business has a fifty day moving average price of $579.60 and a 200-day moving average price of $548.69.

Casey’s General Stores (NASDAQ:CASY) last released its earnings results on Tuesday, December 9th. The company reported $5.53 earnings per share for the quarter, beating the consensus estimate of $4.92 by $0.61. The company had revenue of $4.51 billion for the quarter, compared to the consensus estimate of $4.51 billion. Casey’s General Stores had a return on equity of 16.89% and a net margin of 3.58%.Casey’s General Stores’s quarterly revenue was up 14.2% compared to the same quarter last year. During the same period in the previous year, the business earned $4.85 earnings per share. Sell-side analysts forecast that Casey’s General Stores, Inc. will post 13.94 EPS for the current year.

Casey’s General Stores Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 13th. Investors of record on Sunday, February 1st will be paid a dividend of $0.57 per share. The ex-dividend date is Friday, January 30th. This represents a $2.28 dividend on an annualized basis and a dividend yield of 0.4%. Casey’s General Stores’s payout ratio is 14.02%.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on CASY. Stephens boosted their price target on Casey’s General Stores from $570.00 to $600.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 3rd. Wells Fargo & Company boosted their price objective on shares of Casey’s General Stores from $610.00 to $625.00 and gave the company an “overweight” rating in a report on Tuesday, December 2nd. Exane BNP Paribas assumed coverage on shares of Casey’s General Stores in a report on Tuesday, January 20th. They issued an “outperform” rating on the stock. Deutsche Bank Aktiengesellschaft set a $688.00 target price on shares of Casey’s General Stores in a research report on Thursday, January 8th. Finally, Bank of America initiated coverage on Casey’s General Stores in a report on Friday, January 9th. They set a “buy” rating 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’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $624.09.

Insider Transactions at Casey’s General Stores

In other news, Director Moats Maria Castanon bought 300 shares of Casey’s General Stores stock in a transaction that occurred on Monday, January 5th. The stock was bought at an average cost of $554.66 per share, with a total value of $166,398.00. Following the acquisition, the director owned 803 shares of the company’s stock, valued at $445,391.98. The trade was a 59.64% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.54% of the company’s stock.

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.