Mitsubishi UFJ Trust & Banking Corp Has $1.46 Million Position in Casey’s General Stores, Inc. $CASY

Mitsubishi UFJ Trust & Banking Corp increased its position in shares of Casey’s General Stores, Inc. (NASDAQ:CASY) by 30.4% in the 4th quarter, HoldingsChannel.com reports. The firm owned 2,648 shares of the company’s stock after purchasing an additional 618 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp’s holdings in Casey’s General Stores were worth $1,464,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in CASY. NewEdge Advisors LLC lifted its holdings in Casey’s General Stores by 6.4% during the 1st quarter. NewEdge Advisors LLC now owns 1,871 shares of the company’s stock worth $812,000 after purchasing an additional 113 shares during the last quarter. Geneos Wealth Management Inc. lifted its holdings in Casey’s General Stores by 129.6% during the 1st quarter. Geneos Wealth Management Inc. now owns 186 shares of the company’s stock worth $81,000 after purchasing an additional 105 shares during the last quarter. EverSource Wealth Advisors LLC lifted its holdings in Casey’s General Stores by 431.7% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 218 shares of the company’s stock worth $111,000 after purchasing an additional 177 shares during the last quarter. Amundi acquired a new stake in Casey’s General Stores during the 2nd quarter worth approximately $338,000. Finally, Jump Financial LLC lifted its holdings in Casey’s General Stores by 42.6% during the 2nd quarter. Jump Financial LLC now owns 968 shares of the company’s stock worth $494,000 after purchasing an additional 289 shares during the last quarter. 85.63% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Casey’s General Stores

In other Casey’s General Stores news, Director Mike Spanos purchased 300 shares of the firm’s stock in a transaction dated Friday, March 13th. The shares were bought at an average price of $665.43 per share, for a total transaction of $199,629.00. Following the purchase, the director owned 4,499 shares in the company, valued at approximately $2,993,769.57. This trade represents a 7.14% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Katrina S. Lindsey sold 200 shares of Casey’s General Stores stock in a transaction on Wednesday, March 11th. The shares were sold at an average price of $683.04, for a total value of $136,608.00. Following the completion of the transaction, the insider owned 4,039 shares in the company, valued at approximately $2,758,798.56. The trade was a 4.72% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 0.54% of the company’s stock.

Casey’s General Stores Price Performance

Shares of NASDAQ CASY opened at $852.63 on Tuesday. The stock has a market capitalization of $31.51 billion, a PE ratio of 48.95, a P/E/G ratio of 2.45 and a beta of 0.65. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.04 and a quick ratio of 0.64. The business has a fifty day moving average price of $718.23 and a two-hundred day moving average price of $627.86. Casey’s General Stores, Inc. has a fifty-two week low of $430.00 and a fifty-two week high of $857.86.

Casey’s General Stores (NASDAQ:CASY) last announced its quarterly earnings data on Monday, March 9th. The company reported $3.49 earnings per share for the quarter, beating the consensus estimate of $2.94 by $0.55. Casey’s General Stores had a return on equity of 17.56% and a net margin of 3.83%.The firm had revenue of $3.92 billion during the quarter, compared to analysts’ expectations of $4.08 billion. During the same period in the previous year, the firm earned $2.33 EPS. The company’s quarterly revenue was up .3% compared to the same quarter last year. As a group, equities analysts predict that Casey’s General Stores, Inc. will post 18.16 earnings per share for the current fiscal year.

Casey’s General Stores Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 15th. Stockholders of record on Friday, May 1st will be paid a $0.57 dividend. The ex-dividend date is Friday, May 1st. This represents a $2.28 annualized dividend and a dividend yield of 0.3%. Casey’s General Stores’s dividend payout ratio (DPR) is presently 13.09%.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. Royal Bank Of Canada lifted their price target on Casey’s General Stores from $662.00 to $713.00 and gave the stock a “sector perform” rating in a report on Tuesday, March 10th. Jefferies Financial Group lifted their price objective on Casey’s General Stores from $700.00 to $780.00 and gave the company a “buy” rating in a report on Tuesday, March 10th. Stephens reaffirmed an “overweight” rating and issued a $680.00 price objective on shares of Casey’s General Stores in a report on Tuesday, March 10th. Zacks Research raised Casey’s General Stores from a “hold” rating to a “strong-buy” rating in a report on Thursday, April 23rd. Finally, JPMorgan Chase & Co. assumed coverage on Casey’s General Stores in a report on Thursday, March 26th. They issued a “neutral” rating and a $719.00 price objective for the company. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and six have issued a Hold rating to the company. According to MarketBeat, Casey’s General Stores has an average rating of “Moderate Buy” and an average price target of $725.09.

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.