DUPONT CAPITAL MANAGEMENT Corp bought a new position in CST Brands Inc. (NYSE:CST) during the third quarter, Holdings Channel reports. The institutional investor bought 12,600 shares of the company’s stock, valued at approximately $606,000.
Other hedge funds also recently modified their holdings of the company. Victory Capital Management Inc. increased its stake in shares of CST Brands by 77.0% in the second quarter. Victory Capital Management Inc. now owns 2,515 shares of the company’s stock worth $108,000 after buying an additional 1,094 shares during the last quarter. Sphinx Trading LP acquired a new position in shares of CST Brands during the third quarter worth about $144,000. Tower Research Capital LLC TRC increased its position in shares of CST Brands by 88.6% in the second quarter. Tower Research Capital LLC TRC now owns 3,512 shares of the company’s stock worth $151,000 after buying an additional 1,650 shares in the last quarter. Creative Planning increased its position in shares of CST Brands by 12.9% in the third quarter. Creative Planning now owns 3,399 shares of the company’s stock worth $163,000 after buying an additional 389 shares in the last quarter. Finally, Meeder Asset Management Inc. acquired a new position in shares of CST Brands during the third quarter worth about $189,000. Hedge funds and other institutional investors own 77.46% of the company’s stock.
CST Brands Inc. (NYSE:CST) traded up 0.02% during midday trading on Thursday, hitting $48.06. The company had a trading volume of 269,226 shares. The stock’s 50-day moving average price is $48.07 and its 200-day moving average price is $45.11. The stock has a market cap of $3.64 billion, a PE ratio of 11.02 and a beta of 1.12. CST Brands Inc. has a 52-week low of $29.73 and a 52-week high of $48.31.
CST Brands (NYSE:CST) last issued its quarterly earnings results on Monday, November 7th. The company reported $0.51 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.59 by $0.08. The company earned $2.47 billion during the quarter, compared to analyst estimates of $2.54 billion. CST Brands had a net margin of 3.63% and a return on equity of 8.16%. The business’s revenue was down 1.6% on a year-over-year basis. During the same quarter last year, the firm earned $1.12 EPS. On average, equities research analysts expect that CST Brands Inc. will post $1.60 EPS for the current fiscal year.
A number of brokerages have issued reports on CST. Zacks Investment Research downgraded CST Brands from a “hold” rating to a “sell” rating in a research report on Wednesday, November 2nd. Jefferies Group reiterated a “hold” rating on shares of CST Brands in a research report on Sunday, August 28th. Raymond James Financial Inc. downgraded CST Brands from an “outperform” rating to a “market perform” rating in a research report on Tuesday, August 23rd. Gabelli downgraded CST Brands from a “buy” rating to a “hold” rating in a research report on Tuesday, August 23rd. Finally, Macquarie downgraded CST Brands from an “outperform” rating to a “neutral” rating in a research report on Tuesday, August 23rd. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and one has issued a buy rating to the stock. CST Brands presently has an average rating of “Hold” and a consensus price target of $43.31.
In related news, Director Joseph V. Jr. Topper sold 100,000 shares of the business’s stock in a transaction dated 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 owns 1,175,479 shares in the company, valued at approximately $56,375,972.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Joseph V. Jr. Topper sold 57,729 shares of the business’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 completion of the transaction, the director now owns 1,175,479 shares in the company, valued at approximately $56,364,218.05. The disclosure for this sale can be found here. 2.09% of the stock is owned by corporate 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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