Atria Wealth Solutions Inc. Buys 276 Shares of Casey’s General Stores, Inc. (NASDAQ:CASY)

Atria Wealth Solutions Inc. increased its stake in shares of Casey’s General Stores, Inc. (NASDAQ:CASY) by 3.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 8,803 shares of the company’s stock after acquiring an additional 276 shares during the quarter. Atria Wealth Solutions Inc.’s holdings in Casey’s General Stores were worth $3,488,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of the stock. Truist Financial Corp increased its position in shares of Casey’s General Stores by 3.9% during the fourth quarter. Truist Financial Corp now owns 8,657 shares of the company’s stock worth $3,430,000 after acquiring an additional 327 shares in the last quarter. CIBC Asset Management Inc increased its holdings in Casey’s General Stores by 5.3% during the 4th quarter. CIBC Asset Management Inc now owns 1,135 shares of the company’s stock worth $450,000 after purchasing an additional 57 shares in the last quarter. Pittenger & Anderson Inc. raised its stake in shares of Casey’s General Stores by 10.1% in the fourth quarter. Pittenger & Anderson Inc. now owns 1,635 shares of the company’s stock worth $648,000 after purchasing an additional 150 shares during the last quarter. Sanctuary Advisors LLC raised its stake in shares of Casey’s General Stores by 55.6% in the fourth quarter. Sanctuary Advisors LLC now owns 8,579 shares of the company’s stock worth $3,629,000 after purchasing an additional 3,065 shares during the last quarter. Finally, Valmark Advisers Inc. lifted its holdings in shares of Casey’s General Stores by 1.4% in the fourth quarter. Valmark Advisers Inc. now owns 4,201 shares of the company’s stock valued at $1,665,000 after purchasing an additional 60 shares in the last quarter. 85.63% of the stock is currently owned by institutional investors and hedge funds.

Casey’s General Stores Stock Performance

NASDAQ:CASY opened at $420.54 on Friday. The company has a market capitalization of $15.61 billion, a P/E ratio of 29.31, a P/E/G ratio of 2.43 and a beta of 0.83. The business has a fifty day simple moving average of $410.51 and a two-hundred day simple moving average of $396.45. 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, Inc. has a 1 year low of $287.77 and a 1 year high of $445.17.

Casey’s General Stores (NASDAQ:CASY) last released its quarterly earnings data on Monday, December 9th. The company reported $4.85 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.29 by $0.56. The company had revenue of $3.95 billion for the quarter, compared to analyst estimates of $4.03 billion. Casey’s General Stores had a return on equity of 17.17% and a net margin of 3.57%. The firm’s revenue for the quarter was down 2.9% compared to the same quarter last year. During the same period in the previous year, the company posted $4.24 EPS. On average, 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 was paid on Monday, February 17th. Investors of record on Monday, February 3rd were paid a $0.50 dividend. The ex-dividend date of this dividend was Monday, February 3rd. This represents a $2.00 dividend on an annualized basis and a yield of 0.48%. Casey’s General Stores’s dividend payout ratio is presently 13.94%.

Wall Street Analysts Forecast Growth

CASY has been the subject of several recent analyst reports. Gordon Haskett upgraded shares of Casey’s General Stores from a “hold” rating to a “buy” rating in a research note on Thursday, February 13th. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Casey’s General Stores from $451.00 to $454.00 and gave the stock a “buy” rating in a research report on Wednesday, November 6th. BMO Capital Markets reiterated a “market perform” rating and issued a $450.00 price objective (up previously from $400.00) on shares of Casey’s General Stores in a research note on Wednesday, December 18th. Evercore ISI boosted their target price on Casey’s General Stores from $460.00 to $470.00 and gave the stock an “outperform” rating in a research note on Friday, December 13th. Finally, Royal Bank of Canada increased their price target 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. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $424.00.

Insider Buying and Selling at Casey’s General Stores

In other news, insider Katrina S. Lindsey sold 450 shares of the business’s stock in a transaction that occurred on 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 sale, the insider now directly owns 2,247 shares in the company, valued at approximately $959,761.11. The trade was a 16.69 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Mike Spanos purchased 500 shares of the stock in a transaction on Monday, December 23rd. The stock was acquired 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 of the company’s stock, valued at $1,228,765.72. The trade was a 19.25 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 0.56% of the company’s stock.

About Casey’s General Stores

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.