Cambiar Investors LLC Sells 203,046 Shares of CST Brands Inc. (CST)
Cambiar Investors LLC lowered its stake in CST Brands Inc. (NYSE:CST) by 25.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 598,658 shares of the company’s stock after selling 203,046 shares during the period. Cambiar Investors LLC owned 0.79% of CST Brands worth $25,790,000 as of its most recent filing with the SEC.
Other institutional investors also recently bought and sold shares of the company. Virginia Retirement System bought a new position in CST Brands during the first quarter valued at about $1,095,000. Ngam Advisors L.P. raised its position in CST Brands by 16.8% in the first quarter. Ngam Advisors L.P. now owns 13,023 shares of the company’s stock valued at $499,000 after buying an additional 1,876 shares during the last quarter. TIAA CREF Investment Management LLC raised its position in CST Brands by 5.5% in the first quarter. TIAA CREF Investment Management LLC now owns 416,782 shares of the company’s stock valued at $15,959,000 after buying an additional 21,582 shares during the last quarter. BlackRock Inc. raised its position in CST Brands by 21.2% in the first quarter. BlackRock Inc. now owns 35,486 shares of the company’s stock valued at $1,359,000 after buying an additional 6,199 shares during the last quarter. Finally, BlackRock Group LTD raised its position in CST Brands by 22.9% in the first quarter. BlackRock Group LTD now owns 51,997 shares of the company’s stock valued at $1,991,000 after buying an additional 9,700 shares during the last quarter. Institutional investors and hedge funds own 90.82% of the company’s stock.
CST Brands Inc. (NYSE:CST) traded down 0.31% on Monday, hitting $47.94. The stock had a trading volume of 848,331 shares. The firm has a market capitalization of $3.63 billion, a price-to-earnings ratio of 23.22 and a beta of 1.13. CST Brands Inc. has a 1-year low of $29.73 and a 1-year high of $48.31. The stock’s 50-day moving average is $47.64 and its 200 day moving average is $42.55.
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 company had revenue of $2.52 billion for the quarter, compared to analysts’ expectations of $2.57 billion. CST Brands had a return on equity of 16.31% and a net margin of 1.70%. The firm’s quarterly revenue was down 1.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.31 EPS. On average, equities research analysts predict that CST Brands Inc. will post $1.61 earnings per share for the current fiscal year.
CST has been the topic of several recent research reports. Wells Fargo & Co. restated a “buy” rating on shares of CST Brands in a research report on Sunday, June 5th. Raymond James Financial Inc. lowered CST Brands from an “outperform” rating to a “market perform” rating in a research report on Monday, July 25th. Jefferies Group increased their price objective on CST Brands from $39.00 to $41.00 and gave the stock a “hold” rating in a report on Wednesday, July 27th. Zacks Investment Research upgraded CST Brands from a “sell” rating to a “hold” rating in a report on Tuesday, August 2nd. Finally, Citigroup Inc. increased their price objective on CST Brands from $41.00 to $47.00 and gave the stock a “neutral” rating in a report on Thursday, August 11th. Ten equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. CST Brands presently has an average rating of “Hold” and an average price target of $43.31.
In other CST Brands news, Director Joseph V. Jr. Topper sold 57,729 shares of the company’s stock in a transaction 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 completion of the sale, the director now owns 1,175,479 shares in the company, valued at $56,364,218.05. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Joseph V. Jr. Topper sold 100,000 shares of the company’s stock in a transaction 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 sale, the director now owns 1,175,479 shares of the company’s stock, valued at approximately $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.
Receive News & Stock Ratings for CST Brands Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CST Brands Inc. and related stocks with our FREE daily email newsletter.