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

Mitsubishi UFJ Trust & Banking Corp grew its holdings in shares of Casey’s General Stores, Inc. (NASDAQ:CASY) by 123.8% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,030 shares of the company’s stock after acquiring an additional 1,123 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp’s holdings in Casey’s General Stores were worth $1,148,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the business. Nvwm LLC purchased a new position in Casey’s General Stores in the 2nd quarter worth $32,000. Rossby Financial LCC grew its stake in shares of Casey’s General Stores by 580.0% during the second quarter. Rossby Financial LCC now owns 68 shares of the company’s stock valued at $35,000 after buying an additional 58 shares during 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 about $42,000. Osterweis Capital Management Inc. purchased a new position in shares of Casey’s General Stores in the second quarter worth about $45,000. Finally, Bogart Wealth LLC lifted its stake in shares of Casey’s General Stores by 388.5% in the 3rd quarter. Bogart Wealth LLC now owns 127 shares of the company’s stock valued at $72,000 after acquiring an additional 101 shares during the last quarter. Hedge funds and other institutional investors own 85.63% of the company’s stock.

Insider Activity at Casey’s General Stores

In other news, Director Moats Maria Castanon purchased 300 shares of the company’s stock in a transaction that occurred on Monday, January 5th. The shares were bought at an average cost of $554.66 per share, for a total transaction of $166,398.00. Following the completion of the transaction, the director directly owned 803 shares of the company’s stock, valued at $445,391.98. This trade represents a 59.64% increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.54% of the stock is currently owned by insiders.

Analysts Set New Price Targets

CASY has been the topic of several recent research reports. Zacks Research upgraded Casey’s General Stores from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 12th. UBS Group restated a “neutral” rating on shares of Casey’s General Stores in a report on Thursday, December 11th. Wall Street Zen downgraded shares of Casey’s General Stores from a “buy” rating to a “hold” rating in a research note on Saturday. Royal Bank Of Canada reissued a “sector perform” rating and set a $662.00 price target on shares of Casey’s General Stores in a research report on Friday, January 23rd. Finally, Deutsche Bank Aktiengesellschaft set a $688.00 price target on shares of Casey’s General Stores in a report on Thursday, January 8th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $624.09.

Casey’s General Stores Stock Down 0.8%

Shares of NASDAQ CASY opened at $606.50 on Friday. The company has a current ratio of 1.05, a quick ratio of 0.65 and a debt-to-equity ratio of 0.62. Casey’s General Stores, Inc. has a 12 month low of $372.08 and a 12 month high of $647.99. The firm has a market capitalization of $22.48 billion, a PE ratio of 37.30, a price-to-earnings-growth ratio of 2.16 and a beta of 0.67. The firm has a fifty day simple moving average of $579.60 and a two-hundred day simple moving average of $548.69.

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

Casey’s General Stores Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, February 13th. Stockholders of record on Sunday, February 1st will be given a $0.57 dividend. The ex-dividend date of this dividend is Friday, January 30th. This represents a $2.28 annualized dividend and a dividend yield of 0.4%. Casey’s General Stores’s dividend payout ratio is currently 14.02%.

Casey’s General Stores 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.