Perella Weinberg Partners Capital Management LP bought a new stake in shares of CST Brands Inc. (NYSE:CST) during the third quarter, according to its most recent filing with the SEC. The firm bought 57,886 shares of the company’s stock, valued at approximately $2,784,000. CST Brands accounts for about 0.8% of Perella Weinberg Partners Capital Management LP’s portfolio, making the stock its 25th largest position.
A number of other institutional investors also recently added to or reduced their stakes in the stock. BlackRock Advisors LLC boosted its position in shares of CST Brands by 7.8% in the second quarter. BlackRock Advisors LLC now owns 41,078 shares of the company’s stock valued at $1,770,000 after buying an additional 2,971 shares in the last quarter. Swiss National Bank increased its position in CST Brands by 2.1% in the third quarter. Swiss National Bank now owns 126,800 shares of the company’s stock valued at $6,098,000 after buying an additional 2,600 shares during the period. Kassirer Asset Management Corp purchased a new position in CST Brands during the third quarter valued at $7,694,000. Kellner Capital LLC purchased a new position in CST Brands during the third quarter valued at $5,679,000. Finally, Stevens Capital Management LP purchased a new position in CST Brands during the third quarter valued at $9,506,000. 86.03% of the stock is currently owned by hedge funds and other institutional investors.
CST Brands Inc. (NYSE:CST) traded up 0.031% during mid-day trading on Thursday, hitting $48.195. 375,469 shares of the company traded hands. The company has a market capitalization of $3.65 billion, a price-to-earnings ratio of 11.054 and a beta of 1.08. The company’s 50-day moving average price is $48.19 and its 200 day moving average price is $47.17. CST Brands Inc. has a one year low of $29.73 and a one year high of $48.43.
CST Brands (NYSE:CST) last released its earnings results on Monday, November 7th. The company reported $0.51 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.59 by $0.08. CST Brands had a net margin of 3.63% and a return on equity of 8.16%. The business had revenue of $2.47 billion for the quarter, compared to analyst estimates of $2.54 billion. During the same quarter in the previous year, the company posted $1.12 earnings per share. The business’s revenue for the quarter was down 1.6% on a year-over-year basis. On average, analysts anticipate that CST Brands Inc. will post $1.60 earnings per share for the current fiscal year.
Separately, Zacks Investment Research raised shares of CST Brands from a “sell” rating to a “hold” rating in a research report on Tuesday, January 10th. One analyst has rated the stock with a sell rating, eight have given a hold rating and one has issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $43.88.
In other CST Brands news, Director Joseph V. Jr. Topper sold 47,421 shares of the company’s stock in a transaction dated Monday, December 5th. The shares were sold at an average price of $48.12, for a total transaction of $2,281,898.52. Following the transaction, the director now directly owns 1,082,547 shares in the company, valued at approximately $52,092,161.64. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP Gerard J. Sonnier sold 6,603 shares of the company’s stock in a transaction dated Thursday, December 29th. The shares were sold at an average price of $48.27, for a total transaction of $318,726.81. Following the transaction, the senior vice president now owns 14,575 shares in the company, valued at $703,535.25. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 90,264 shares worth $4,343,769.33. Corporate insiders own 2.09% of the company’s stock.
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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