Trust Point Inc. Makes New $545,000 Investment in Casey's General Stores, Inc. (NASDAQ:CASY)

Trust Point Inc. acquired a new stake in shares of Casey's General Stores, Inc. (NASDAQ:CASY - Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 1,375 shares of the company's stock, valued at approximately $545,000.

A number of other institutional investors have also modified their holdings of the stock. Private Trust Co. NA raised its stake in shares of Casey's General Stores by 1.3% during the 3rd quarter. Private Trust Co. NA now owns 2,072 shares of the company's stock valued at $778,000 after buying an additional 27 shares during the last quarter. V Square Quantitative Management LLC boosted its holdings in Casey's General Stores by 22.5% in the 3rd quarter. V Square Quantitative Management LLC now owns 158 shares of the company's stock worth $59,000 after buying an additional 29 shares during the last quarter. MassMutual Private Wealth & Trust FSB boosted its holdings in shares of Casey's General Stores by 24.2% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 149 shares of the company's stock worth $59,000 after purchasing an additional 29 shares during the last quarter. Verus Capital Partners LLC boosted its holdings in shares of Casey's General Stores by 3.1% during the 3rd quarter. Verus Capital Partners LLC now owns 991 shares of the company's stock worth $372,000 after purchasing an additional 30 shares during the last quarter. Finally, CIBC Asset Management Inc boosted its holdings in shares of Casey's General Stores by 3.3% during the 3rd quarter. CIBC Asset Management Inc now owns 1,078 shares of the company's stock worth $405,000 after purchasing an additional 34 shares during the last quarter. Hedge funds and other institutional investors own 85.63% of the company's stock.

Casey's General Stores Stock Down 1.9 %

Casey's General Stores stock traded down $8.45 during midday trading on Friday, hitting $426.82. 350,658 shares of the stock were exchanged, compared to its average volume of 255,901. Casey's General Stores, Inc. has a 1 year low of $275.27 and a 1 year high of $439.68. The firm has a market cap of $15.84 billion, a P/E ratio of 29.74, a P/E/G ratio of 2.48 and a beta of 0.83. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.88 and a quick ratio of 0.49. The company has a 50 day moving average price of $408.73 and a two-hundred day moving average price of $393.50.

Casey's General Stores (NASDAQ:CASY - Get Free Report) last released its quarterly earnings results on Monday, December 9th. The company reported $4.85 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.29 by $0.56. The firm had revenue of $3.95 billion for the quarter, compared to the consensus estimate of $4.03 billion. Casey's General Stores had a net margin of 3.57% and a return on equity of 17.17%. The firm's quarterly revenue was down 2.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $4.24 EPS. On average, sell-side analysts predict that Casey's General Stores, Inc. will post 13.94 earnings per share for the current fiscal year.

Casey's General Stores Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, February 17th. Shareholders of record on Monday, February 3rd will be issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 0.47%. The ex-dividend date of this dividend is Monday, February 3rd. Casey's General Stores's dividend payout ratio is currently 13.94%.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on CASY shares. Evercore ISI lifted their price target on shares of Casey's General Stores from $460.00 to $470.00 and gave the company an "outperform" rating in a research report on Friday, December 13th. StockNews.com lowered shares of Casey's General Stores from a "strong-buy" rating to a "buy" rating in a research report on Friday, December 13th. Royal Bank of Canada boosted their target price on Casey's General Stores from $403.00 to $428.00 and gave the company a "sector perform" rating in a research report on Tuesday, December 10th. Deutsche Bank Aktiengesellschaft boosted their target price on Casey's General Stores from $451.00 to $454.00 and gave the company a "buy" rating in a research report on Wednesday, November 6th. Finally, Gordon Haskett started coverage on Casey's General Stores in a research report on Monday, November 4th. They set a "hold" rating and a $400.00 price objective on the stock. One analyst has rated the stock with a sell rating, three have given a hold rating and eight have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $424.00.

Insiders Place Their Bets

In other news, insider Katrina S. Lindsey sold 450 shares of Casey's General Stores stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $427.13, for a total value of $192,208.50. Following the completion of the transaction, the insider now directly owns 2,247 shares of the company's stock, valued at approximately $959,761.11. The trade was a 16.69 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Mike Spanos bought 500 shares of Casey's General Stores stock in a transaction on Monday, December 23rd. The shares were purchased at an average cost of $396.76 per share, with a total value of $198,380.00. Following the completion of the purchase, the director now directly owns 3,097 shares in the company, valued at $1,228,765.72. This trade represents a 19.25 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.56% of the stock is owned by company insiders.

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.