Mitsubishi UFJ Trust & Banking Corp Sells 1,757 Shares of Casey's General Stores, Inc. (NASDAQ:CASY)

Mitsubishi UFJ Trust & Banking Corp reduced its stake in Casey's General Stores, Inc. (NASDAQ:CASY - Free Report) by 20.3% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 6,878 shares of the company's stock after selling 1,757 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp's holdings in Casey's General Stores were worth $2,725,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. BNP Paribas Financial Markets lifted its holdings in Casey's General Stores by 40.7% during the third quarter. BNP Paribas Financial Markets now owns 17,346 shares of the company's stock valued at $6,517,000 after purchasing an additional 5,021 shares in the last quarter. CreativeOne Wealth LLC raised its position in shares of Casey's General Stores by 76.7% during the 3rd quarter. CreativeOne Wealth LLC now owns 1,002 shares of the company's stock valued at $376,000 after purchasing an additional 435 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Casey's General Stores by 4.2% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,273 shares of the company's stock valued at $3,108,000 after buying an additional 336 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in Casey's General Stores by 1.7% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 104,839 shares of the company's stock worth $39,389,000 after buying an additional 1,771 shares during the period. Finally, Kestra Investment Management LLC increased its stake in Casey's General Stores by 21.0% in the 3rd quarter. Kestra Investment Management LLC now owns 2,231 shares of the company's stock worth $838,000 after buying an additional 387 shares in the last quarter. 85.63% of the stock is currently owned by hedge funds and other institutional investors.

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Insiders Place Their Bets

In related news, Director Mike Spanos purchased 256 shares of the firm's stock in a transaction dated Thursday, March 13th. The stock was purchased at an average price of $390.54 per share, with a total value of $99,978.24. Following the completion of the purchase, the director now owns 3,356 shares of the company's stock, valued at approximately $1,310,652.24. The trade was a 8.26 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 0.56% of the company's stock.

Casey's General Stores Price Performance

Casey's General Stores stock traded down $33.35 during mid-day trading on Friday, reaching $415.82. 729,654 shares of the company's stock traded hands, compared to its average volume of 279,704. Casey's General Stores, Inc. has a 12-month low of $306.45 and a 12-month high of $458.92. The company has a quick ratio of 0.49, a current ratio of 0.88 and a debt-to-equity ratio of 0.74. The stock has a 50 day moving average of $416.73 and a two-hundred day moving average of $405.02. The company has a market cap of $15.43 billion, a price-to-earnings ratio of 28.98, a PEG ratio of 2.40 and a beta of 0.74.

Casey's General Stores (NASDAQ:CASY - Get Free Report) last released its earnings results on Tuesday, March 11th. The company reported $2.33 earnings per share for the quarter, beating the consensus estimate of $1.76 by $0.57. The firm had revenue of $3.90 billion for the quarter, compared to the consensus estimate of $3.74 billion. Casey's General Stores had a return on equity of 17.17% and a net margin of 3.57%. The company's revenue for the quarter was up 17.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.33 EPS. Equities analysts forecast that Casey's General Stores, Inc. will post 13.94 earnings per share for the current year.

Casey's General Stores Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Thursday, May 1st will be issued a $0.50 dividend. The ex-dividend date is Thursday, May 1st. This represents a $2.00 annualized dividend and a dividend yield of 0.48%. Casey's General Stores's payout ratio is 13.94%.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on CASY shares. Evercore ISI upped their price objective on Casey's General Stores from $450.00 to $460.00 and gave the stock an "outperform" rating in a research note on Tuesday. Royal Bank of Canada set a $438.00 price target on Casey's General Stores and gave the stock a "sector perform" rating in a report on Wednesday, March 12th. StockNews.com lowered shares of Casey's General Stores from a "buy" rating to a "hold" rating in a report on Saturday, March 8th. Gordon Haskett raised shares of Casey's General Stores from a "hold" rating to a "buy" rating in a report on Thursday, February 13th. Finally, BMO Capital Markets restated a "market perform" rating and set a $450.00 target price (up previously from $400.00) on shares of Casey's General Stores in a research report on Wednesday, December 18th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and eight have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $424.00.

Casey's General Stores Company Profile

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.