JPMorgan Chase & Co. raised its stake in shares of CST Brands Inc. (NYSE:CST) by 22.5% during the second quarter, Holdings Channel reports. The firm owned 110,825 shares of the company’s stock after buying an additional 20,346 shares during the period. JPMorgan Chase & Co. owned approximately 0.15% of CST Brands worth $4,775,000 at the end of the most recent reporting period.
Several other institutional investors have also added to or reduced their stakes in CST. Invictus RG purchased a new stake in shares of CST Brands during the first quarter worth about $165,000. LS Investment Advisors LLC increased its stake in CST Brands by 65.8% in the second quarter. LS Investment Advisors LLC now owns 4,655 shares of the company’s stock worth $201,000 after buying an additional 1,847 shares during the last quarter. Calvert Investment Management Inc. bought a new stake in CST Brands during the second quarter worth $218,000. Commerzbank Aktiengesellschaft FI bought a new stake in CST Brands during the second quarter worth $256,000. Finally, Quantitative Investment Management LLC increased its stake in CST Brands by 64.9% in the second quarter. Quantitative Investment Management LLC now owns 9,400 shares of the company’s stock worth $404,000 after buying an additional 3,700 shares during the last quarter. Institutional investors and hedge funds own 90.82% of the company’s stock.
CST Brands Inc. (NYSE:CST) traded up 0.052% on Friday, reaching $48.015. 46,463 shares of the company’s stock traded hands. The firm’s 50-day moving average is $47.85 and its 200 day moving average is $43.01. The firm has a market cap of $3.63 billion, a PE ratio of 23.252 and a beta of 1.13. CST Brands Inc. has a 12 month low of $29.73 and a 12 month high of $48.31.
CST Brands (NYSE:CST) last issued its quarterly earnings data on Friday, August 5th. The company reported $0.36 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.43 by $0.07. CST Brands had a return on equity of 16.31% and a net margin of 1.70%. The business had revenue of $2.52 billion for the quarter, compared to analysts’ expectations of $2.57 billion. During the same period in the previous year, the firm posted $0.31 EPS. The firm’s revenue for the quarter was down 1.1% compared to the same quarter last year. Equities analysts predict that CST Brands Inc. will post $1.61 EPS for the current year.
A number of research firms have recently weighed in on CST. Jefferies Group restated a “hold” rating on shares of CST Brands in a research note on Sunday, August 28th. Macquarie downgraded shares of CST Brands from an “outperform” rating to a “neutral” rating in a research note on Tuesday, August 23rd. Gabelli downgraded shares of CST Brands from a “buy” rating to a “hold” rating in a research note on Tuesday, August 23rd. Raymond James Financial Inc. downgraded shares of CST Brands from an “outperform” rating to a “market perform” rating in a research note on Monday, July 25th. Finally, Zacks Investment Research upgraded shares of CST Brands from a “sell” rating to a “hold” rating in a research note on Tuesday, August 2nd. Ten investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $43.31.
In other CST Brands news, Director Joseph V. Jr. Topper sold 100,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 6th. The stock was sold at an average price of $47.96, for a total value of $4,796,000.00. Following the completion of the sale, the director now owns 1,175,479 shares of the company’s stock, valued at $56,375,972.84. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Joseph V. Jr. Topper sold 57,729 shares of the company’s stock in a transaction that occurred on Friday, September 2nd. The stock was sold at an average price of $47.95, for a total value of $2,768,105.55. Following the completion of the sale, the director now directly owns 1,175,479 shares of the company’s stock, valued at approximately $56,364,218.05. The disclosure for this sale can be found here. Insiders own 2.09% of the company’s stock.
CST Brands Company Profile
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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