UBS Asset Management Americas Inc. increased its stake in CST Brands Inc. (NYSE:CST) by 5.2% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 78,238 shares of the company’s stock after buying an additional 3,894 shares during the period. UBS Asset Management Americas Inc. owned about 0.10% of CST Brands worth $3,370,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Invictus RG bought a new position in CST Brands during the first quarter valued at $165,000. LS Investment Advisors LLC boosted its position in CST Brands by 65.8% in the second quarter. LS Investment Advisors LLC now owns 4,655 shares of the company’s stock valued at $201,000 after buying an additional 1,847 shares during the period. Calvert Investment Management Inc. bought a new position in CST Brands during the second quarter valued at $218,000. Commerzbank Aktiengesellschaft FI bought a new position in CST Brands during the second quarter valued at $256,000. Finally, Quantitative Investment Management LLC boosted its position in CST Brands by 64.9% in the second quarter. Quantitative Investment Management LLC now owns 9,400 shares of the company’s stock valued at $404,000 after buying an additional 3,700 shares during the period. Hedge funds and other institutional investors own 90.82% of the company’s stock.
Shares of CST Brands Inc. (NYSE:CST) traded down 0.31% during trading on Monday, hitting $47.94. 372,446 shares of the stock traded hands. CST Brands Inc. has a 1-year low of $29.73 and a 1-year high of $48.31. The firm has a 50-day moving average of $47.54 and a 200-day moving average of $42.43. The firm has a market capitalization of $3.63 billion, a price-to-earnings ratio of 23.22 and a beta of 1.13.
CST Brands (NYSE:CST) last posted its quarterly earnings results on Friday, August 5th. The company reported $0.36 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.43 by $0.07. The firm had revenue of $2.52 billion for the quarter, compared to analyst estimates of $2.57 billion. CST Brands had a return on equity of 16.31% and a net margin of 1.70%. The business’s revenue was down 1.1% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.31 EPS. On average, equities analysts forecast that CST Brands Inc. will post $1.61 earnings per share for the current year.
Several research firms recently weighed in on CST. Jefferies Group restated a “hold” rating on shares of CST Brands in a research report on Sunday, August 28th. Macquarie cut shares of CST Brands from an “outperform” rating to a “neutral” rating in a research report on Tuesday, August 23rd. Wells Fargo & Co. restated a “buy” rating on shares of CST Brands in a research report on Sunday, June 5th. Gabelli cut shares of CST Brands from a “buy” rating to a “hold” rating in a research report on Tuesday, August 23rd. Finally, Raymond James Financial Inc. cut shares of CST Brands from an “outperform” rating to a “market perform” rating in a research report on Monday, July 25th. Ten equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $43.31.
In other CST Brands news, Director Joseph V. Jr. Topper sold 57,729 shares of the firm’s stock in a transaction that occurred on Friday, September 2nd. The shares were sold at an average price of $47.95, for a total value of $2,768,105.55. Following the sale, the director now owns 1,175,479 shares in the company, valued at $56,364,218.05. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Joseph V. Jr. Topper sold 100,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 6th. The shares were sold at an average price of $47.96, for a total transaction of $4,796,000.00. Following the completion of the sale, the director now owns 1,175,479 shares in the company, valued at approximately $56,375,972.84. The disclosure for this sale can be found here. Corporate insiders own 2.09% of the company’s stock.
About CST Brands
CST Brands, Inc (CST) is a holding company. The Company is an independent retail of motor fuel and convenience merchandise in the United States and eastern Canada. Its retail operations include the sale of motor fuel at convenience stores, commission agents and cardlocks; the sale of food, convenience merchandise items and services at convenience stores, and the sale of heating oil to residential customers and heating oil and motor fuel to small commercial customers.
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