Retirement Systems of Alabama increased its position in shares of CST Brands Inc. (NYSE:CST) by 0.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 97,636 shares of the company’s stock after buying an additional 133 shares during the period. Retirement Systems of Alabama’s holdings in CST Brands were worth $4,206,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Invictus RG bought a new position in CST Brands during the first quarter worth about $165,000. LS Investment Advisors LLC raised 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 worth $201,000 after buying an additional 1,847 shares during the last quarter. Seven Eight Capital LLC bought a new position in CST Brands during the first quarter worth about $471,000. Gateway Investment Advisers LLC raised its position in CST Brands by 26.5% in the second quarter. Gateway Investment Advisers LLC now owns 10,977 shares of the company’s stock worth $473,000 after buying an additional 2,300 shares during the last quarter. Finally, Ngam Advisors L.P. increased its stake in CST Brands by 16.8% in the first quarter. Ngam Advisors L.P. now owns 13,023 shares of the company’s stock worth $499,000 after buying an additional 1,876 shares during the period. 90.82% of the stock is currently owned by institutional investors and hedge funds.
CST Brands Inc. (NYSE:CST) traded down 0.04% during midday trading on Friday, hitting $47.97. The stock had a trading volume of 426,616 shares. The stock has a market cap of $3.63 billion, a P/E ratio of 23.23 and a beta of 1.13. The company’s 50-day moving average price is $47.85 and its 200 day moving average price is $43.08. 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 earnings results on Friday, August 5th. The company reported $0.36 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.43 by $0.07. The firm earned $2.52 billion during the quarter, compared to the consensus estimate of $2.57 billion. CST Brands had a net margin of 1.70% and a return on equity of 16.31%. The firm’s revenue for the quarter was down 1.1% compared to the same quarter last year. During the same period in the previous year, the company posted $0.31 earnings per share. On average, equities research analysts predict that CST Brands Inc. will post $1.61 earnings per share for the current fiscal year.
A number of analysts recently weighed in on CST shares. Raymond James Financial Inc. downgraded CST Brands from an “outperform” rating to a “market perform” rating in a research note on Tuesday, August 23rd. Macquarie downgraded CST Brands from an “outperform” rating to a “neutral” rating in a research note on Tuesday, August 23rd. Wells Fargo & Co. downgraded CST Brands from an “outperform” rating to a “market perform” rating in a research note on Monday, August 22nd. Mizuho downgraded CST Brands from a “buy” rating to a “neutral” rating and lifted their price target for the company from $45.00 to $48.53 in a research note on Monday, August 22nd. Finally, Citigroup Inc. upped their target price on CST Brands from $41.00 to $47.00 and gave the company a “neutral” rating in a research note on Thursday, August 11th. Ten investment analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $43.31.
In other news, Director Joseph V. Jr. Topper sold 57,729 shares of the company’s stock in a transaction dated 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 directly owns 1,175,479 shares of the company’s stock, valued at approximately $56,364,218.05. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Joseph V. Jr. Topper sold 100,000 shares of the company’s stock in a transaction dated 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 directly owns 1,175,479 shares in the company, valued at $56,375,972.84. The disclosure for this sale can be found here. 2.09% of the stock is currently owned by insiders.
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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