Ameriprise Financial Inc. raised its position in shares of CST Brands Inc. (NYSE:CST) by 3.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 254,269 shares of the company’s stock after buying an additional 9,075 shares during the period. Ameriprise Financial Inc. owned approximately 0.34% of CST Brands worth $10,953,000 at the end of the most recent quarter.
Several other institutional investors have also modified their holdings of the stock. Invictus RG purchased a new position in CST Brands during the first quarter worth approximately $165,000. LS Investment Advisors LLC increased 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 in the last quarter. Calvert Investment Management Inc. purchased a new position in CST Brands during the second quarter worth approximately $218,000. Commerzbank Aktiengesellschaft FI purchased a new position in CST Brands during the second quarter worth approximately $256,000. Finally, Quantitative Investment Management LLC increased 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 worth $404,000 after buying an additional 3,700 shares in the last quarter. Institutional investors own 90.82% of the company’s stock.
CST Brands Inc. (NYSE:CST) traded up 0.29% during midday trading on Friday, hitting $48.05. The stock had a trading volume of 304,116 shares. CST Brands Inc. has a 1-year low of $29.73 and a 1-year high of $48.31. The firm has a market capitalization of $3.63 billion, a price-to-earnings ratio of 23.27 and a beta of 1.13. The firm has a 50-day moving average price of $47.43 and a 200-day moving average price of $42.36.
CST Brands (NYSE:CST) last posted its earnings results on Friday, August 5th. The company reported $0.36 earnings per share for the quarter, missing analysts’ consensus estimates of $0.43 by $0.07. The business 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 firm’s revenue was down 1.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.31 earnings per share. On average, equities research analysts anticipate that CST Brands Inc. will post $1.62 earnings per share for the current year.
A number of equities analysts recently commented on the company. Jefferies Group restated a “hold” rating on shares of CST Brands in a report on Sunday, August 28th. Zacks Investment Research upgraded CST Brands from a “sell” rating to a “hold” rating in a report on Tuesday, August 2nd. Raymond James Financial Inc. downgraded CST Brands from an “outperform” rating to a “market perform” rating in a report on Monday, July 25th. Wells Fargo & Co. restated a “buy” rating on shares of CST Brands in a report on Sunday, June 5th. Finally, Gabelli downgraded CST Brands from a “buy” rating to a “hold” rating in a report on Tuesday, August 23rd. Ten analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $43.31.
In related news, Director Joseph V. Jr. Topper sold 57,729 shares of the business’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 transaction of $2,768,105.55. Following the transaction, the director now directly owns 1,175,479 shares of the company’s stock, valued at approximately $56,364,218.05. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Joseph V. Jr. Topper sold 100,000 shares of the business’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 transaction, 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. Corporate 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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