Todays Report: The Virginia Retirement Systems ET AL Acquires 9,500 Shares of CST Brands Inc. (CST)

The Virginia Retirement Systems ET AL Acquires 9,500  Shares of CST Brands Inc. (CST)

Virginia Retirement Systems ET AL bought a new stake in CST Brands Inc. (NYSE:CST) during the second quarter, Holdings Channel reports. The institutional investor bought 9,500 shares of the company’s stock, valued at approximately $409,000.

A number of other large investors have also made changes to their positions in the company. Wellington Management Group LLP increased its stake in shares of CST Brands by 7.0% in the first quarter. Wellington Management Group LLP now owns 2,215,277 shares of the company’s stock valued at $84,823,000 after buying an additional 145,649 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of CST Brands by 5.2% in the first quarter. Geode Capital Management LLC now owns 459,677 shares of the company’s stock valued at $17,601,000 after buying an additional 22,771 shares during the last quarter. Goldman Sachs Group Inc. increased its stake in shares of CST Brands by 477.9% in the first quarter. Goldman Sachs Group Inc. now owns 920,144 shares of the company’s stock valued at $35,233,000 after buying an additional 760,922 shares during the last quarter. Quadrature Capital Ltd purchased a new stake in shares of CST Brands during the first quarter worth approximately $1,219,000. Finally, UBS Asset Management Americas Inc. increased its stake in shares of CST Brands by 1.7% in the first quarter. UBS Asset Management Americas Inc. now owns 74,344 shares of the company’s stock worth $2,847,000 after buying an additional 1,214 shares in the last quarter. 90.82% of the stock is currently owned by hedge funds and other institutional investors.

CST Brands Inc. (NYSE:CST) opened at 47.97 on Friday. The firm has a market cap of $3.63 billion, a PE ratio of 23.23 and a beta of 1.13. CST Brands Inc. has a one year low of $29.73 and a one year high of $48.31. The stock has a 50 day moving average of $47.80 and a 200 day moving average of $42.76.

CST Brands (NYSE:CST) last announced its quarterly 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 net margin of 1.70% and a return on equity of 16.31%. The company’s quarterly revenue was down 1.1% on a year-over-year basis. During the same period last year, the firm earned $0.31 earnings per share. On average, equities analysts forecast that CST Brands Inc. will post $1.61 earnings per share for the current year.

A number of equities research analysts have commented on CST shares. Raymond James Financial Inc. downgraded shares of CST Brands from an “outperform” rating to a “market perform” rating in a research report on Tuesday, August 23rd. Macquarie downgraded shares of CST Brands from an “outperform” rating to a “neutral” rating in a research report on Tuesday, August 23rd. Wells Fargo & Co. downgraded shares of CST Brands from an “outperform” rating to a “market perform” rating in a research report on Monday, August 22nd. Mizuho downgraded shares of CST Brands from a “buy” rating to a “neutral” rating and increased their price objective for the company from $45.00 to $48.53 in a research report on Monday, August 22nd. Finally, Citigroup Inc. increased their price objective on shares of CST Brands from $41.00 to $47.00 and gave the company a “neutral” rating in a research report on Thursday, August 11th. Ten analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. CST Brands has a consensus rating of “Hold” and a consensus target price of $43.31.

In other CST Brands news, Director Joseph V. Jr. Topper sold 57,729 shares of CST Brands stock in a transaction that occurred on 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 transaction, the director now directly owns 1,175,479 shares of the company’s stock, valued at $56,364,218.05. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Joseph V. Jr. Topper sold 100,000 shares of CST Brands stock in a transaction that occurred on 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 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. 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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