Cambiar Investors LLC lowered its position in CST Brands Inc. (NYSE:CST) by 25.3% during the second quarter, Holdings Channel reports. The institutional investor owned 598,658 shares of the company’s stock after selling 203,046 shares during the period. Cambiar Investors LLC’s holdings in CST Brands were worth $25,790,000 as of its most recent filing with the SEC.
Other hedge funds also recently bought and sold shares of the company. Invictus RG acquired a new stake in shares of CST Brands during the first quarter valued at approximately $165,000. LS Investment Advisors LLC raised its stake in shares of 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 in the last quarter. Smith Moore & CO. acquired a new stake in shares of CST Brands during the first quarter valued at approximately $421,000. Seven Eight Capital LLC acquired a new stake in shares of CST Brands during the first quarter valued at approximately $471,000. Finally, Gateway Investment Advisers LLC raised its stake in shares of CST Brands by 26.5% in the second quarter. Gateway Investment Advisers LLC now owns 10,977 shares of the company’s stock valued at $473,000 after buying an additional 2,300 shares in the last quarter. Institutional investors own 90.82% of the company’s stock.
Shares of CST Brands Inc. (NYSE:CST) traded down 0.31% during midday trading on Monday, reaching $47.94. The company’s stock had a trading volume of 848,331 shares. The company has a 50 day moving average of $47.64 and a 200-day moving average of $42.55. CST Brands Inc. has a 52 week low of $29.73 and a 52 week high of $48.31. The stock 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 announced its earnings results on Friday, August 5th. The company reported $0.36 EPS for the quarter, missing analysts’ consensus estimates of $0.43 by $0.07. CST Brands had a net margin of 1.70% and a return on equity of 16.31%. The business earned $2.52 billion during the quarter, compared to analysts’ expectations of $2.57 billion. During the same period in the previous year, the company posted $0.31 earnings per share. CST Brands’s quarterly revenue was down 1.1% on a year-over-year basis. Equities research analysts predict that CST Brands Inc. will post $1.61 earnings per share for the current year.
Several analysts have recently commented on the company. Jefferies Group reiterated a “hold” rating on shares of CST Brands in a report on Sunday, August 28th. Macquarie lowered CST Brands from an “outperform” rating to a “neutral” rating in a report on Tuesday, August 23rd. Wells Fargo & Co. reiterated a “buy” rating on shares of CST Brands in a report on Sunday, June 5th. Gabelli lowered CST Brands from a “buy” rating to a “hold” rating in a report on Tuesday, August 23rd. Finally, Raymond James Financial Inc. lowered CST Brands from an “outperform” rating to a “market perform” rating in a report on Monday, July 25th. Ten research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $43.31.
In other news, 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 value of $4,796,000.00. Following the completion of the sale, the director now directly owns 1,175,479 shares of the company’s stock, valued at $56,375,972.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, 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 transaction 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 $56,364,218.05. The disclosure for this sale can be found here. 2.09% of the stock is currently owned by insiders.
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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