The Quantitative Systematic Strategies LLC Purchases 18,058 Shares of CST Brands Inc. (CST)

The Quantitative Systematic Strategies LLC Purchases 18,058  Shares of CST Brands Inc. (CST)

Quantitative Systematic Strategies LLC purchased a new position in CST Brands Inc. (NYSE:CST) during the second quarter, Holdings Channel reports. The firm purchased 18,058 shares of the company’s stock, valued at approximately $771,000.

A number of other institutional investors have also bought and sold shares of the company. Invictus RG purchased a new position in shares of CST Brands during the first quarter worth approximately $165,000. LS Investment Advisors LLC increased its position 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 worth $201,000 after buying an additional 1,847 shares during the period. Gateway Investment Advisers LLC increased its position 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 worth $473,000 after buying an additional 2,300 shares during the period. Smith Moore & CO. purchased a new position in shares of CST Brands during the first quarter worth approximately $421,000. Finally, Seven Eight Capital LLC purchased a new position in shares of CST Brands during the first quarter worth approximately $471,000. Hedge funds and other institutional investors own 90.82% of the company’s stock.

Shares of CST Brands Inc. (NYSE:CST) traded up 0.06% on Wednesday, hitting $47.97. 94,717 shares of the company were exchanged. CST Brands Inc. has a 52-week low of $29.73 and a 52-week high of $48.31. The company has a 50-day moving average price of $47.83 and a 200 day moving average price of $42.94. The firm has a market cap of $3.63 billion, a P/E ratio of 23.23 and a beta of 1.13.

CST Brands (NYSE:CST) last released its quarterly earnings results on Friday, August 5th. The company reported $0.36 earnings per share (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 firm had revenue of $2.52 billion for the quarter, compared to analyst estimates of $2.57 billion. During the same period in the prior year, the business earned $0.31 earnings per share. CST Brands’s revenue for the quarter was down 1.1% on a year-over-year basis. Analysts predict that CST Brands Inc. will post $1.61 EPS for the current fiscal year.

A number of equities research analysts have recently issued reports on CST shares. Credit Suisse Group AG reissued a “hold” rating and issued a $39.00 price target on shares of CST Brands in a research note on Wednesday, August 17th. Citigroup Inc. boosted their price target on shares of CST Brands from $41.00 to $47.00 and gave the company a “neutral” rating in a research note on Thursday, August 11th. Raymond James Financial Inc. downgraded shares of CST Brands from an “outperform” rating to a “market perform” rating in a research note on Tuesday, August 23rd. Mizuho downgraded shares of CST Brands from a “buy” rating to a “neutral” rating and boosted their price target for the company from $45.00 to $48.53 in a research note on Monday, August 22nd. Finally, Wells Fargo & Co. downgraded shares of CST Brands from an “outperform” rating to a “market perform” rating in a research note on Monday, August 22nd. Ten research analysts have rated the stock with a hold rating and one has given a buy rating to the company. CST Brands presently has a consensus rating of “Hold” and a consensus price target of $43.31.

In other CST Brands news, Director Joseph V. Jr. Topper sold 57,729 shares of the firm’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 sale, 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 filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Joseph V. Jr. Topper sold 100,000 shares of the firm’s stock in a transaction dated Tuesday, September 6th. The stock was sold at an average price of $47.96, for a total transaction of $4,796,000.00. Following 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. Company insiders own 2.09% of the company’s stock.

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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