TrinityPoint Wealth LLC Has $859,000 Holdings in Casey's General Stores, Inc. (NASDAQ:CASY)

TrinityPoint Wealth LLC lowered its position in shares of Casey's General Stores, Inc. (NASDAQ:CASY - Free Report) by 22.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,167 shares of the company's stock after selling 619 shares during the quarter. TrinityPoint Wealth LLC's holdings in Casey's General Stores were worth $859,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. HighPoint Advisor Group LLC raised its holdings in Casey's General Stores by 1.7% during the 4th quarter. HighPoint Advisor Group LLC now owns 1,468 shares of the company's stock worth $628,000 after purchasing an additional 25 shares during the last quarter. Dark Forest Capital Management LP grew its position in shares of Casey's General Stores by 3.2% during the 4th quarter. Dark Forest Capital Management LP now owns 902 shares of the company's stock worth $357,000 after buying an additional 28 shares during the period. MassMutual Private Wealth & Trust FSB raised its stake in shares of Casey's General Stores by 24.2% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 149 shares of the company's stock worth $59,000 after buying an additional 29 shares during the last quarter. Harbour Investments Inc. lifted its holdings in Casey's General Stores by 3.1% in the fourth quarter. Harbour Investments Inc. now owns 1,002 shares of the company's stock valued at $397,000 after buying an additional 30 shares during the period. Finally, Laidlaw Wealth Management LLC boosted its stake in Casey's General Stores by 3.1% in the fourth quarter. Laidlaw Wealth Management LLC now owns 1,063 shares of the company's stock valued at $421,000 after acquiring an additional 32 shares during the last quarter. Institutional investors and hedge funds own 85.63% of the company's stock.

Insider Transactions at Casey's General Stores

In related news, insider Katrina S. Lindsey sold 250 shares of the business's stock in a transaction dated Friday, April 4th. The stock was sold at an average price of $437.01, for a total value of $109,252.50. Following the completion of the transaction, the insider now owns 2,443 shares of the company's stock, valued at $1,067,615.43. The trade was a 9.28% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Mike Spanos acquired 256 shares of the business's stock in a transaction that occurred on Thursday, March 13th. The shares were purchased at an average cost of $390.54 per share, with a total value of $99,978.24. Following the transaction, the director now directly owns 3,356 shares of the company's stock, valued at $1,310,652.24. This trade represents a 8.26% increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.56% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on CASY. Royal Bank of Canada set a $438.00 target price on Casey's General Stores and gave the stock a "sector perform" rating in a research report on Wednesday, March 12th. Gordon Haskett raised Casey's General Stores from a "hold" rating to a "buy" rating in a research note on Thursday, February 13th. KeyCorp began coverage on Casey's General Stores in a report on Friday, April 11th. They issued an "overweight" rating and a $500.00 price target on the stock. Evercore ISI increased their price objective on Casey's General Stores from $450.00 to $460.00 and gave the stock an "outperform" rating in a report on Tuesday, April 1st. Finally, Wall Street Zen raised Casey's General Stores from a "hold" rating to a "buy" rating in a research report on Thursday. One investment analyst has rated the stock with a sell rating, two have given a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $430.33.

Casey's General Stores Stock Performance

CASY stock traded down $6.38 during trading hours on Thursday, reaching $444.05. The stock had a trading volume of 203,382 shares, compared to its average volume of 291,218. The stock has a 50-day simple moving average of $440.73 and a 200 day simple moving average of $420.94. Casey's General Stores, Inc. has a fifty-two week low of $313.89 and a fifty-two week high of $474.97. The stock has a market capitalization of $16.48 billion, a PE ratio of 30.94, a price-to-earnings-growth ratio of 2.40 and a beta of 0.70. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.88 and a quick ratio of 0.49.

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

Casey's General Stores Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, May 15th. Stockholders of record on Thursday, May 1st were given a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 0.45%. The ex-dividend date of this dividend was Thursday, May 1st. Casey's General Stores's payout ratio is 13.94%.

Casey's General Stores 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.