Trust Co held its position in CST Brands Inc (NYSE:CST) during the first quarter, according to its most recent filing with the SEC. The firm owned 10,594 shares of the specialty retailer’s stock at the end of the first quarter. Trust Co’s holdings in CST Brands were worth $509,000 at the end of the most recent quarter.
Other institutional investors have also added to or reduced their stakes in the company. Russell Investments Group Ltd. bought a new position in CST Brands during the fourth quarter valued at $295,000. Vivaldi Capital Management LLC acquired a new position in CST Brands during the first quarter worth $4,761,102,000. Municipal Employees Retirement System of Michigan raised its position in CST Brands by 1.7% in the first quarter. Municipal Employees Retirement System of Michigan now owns 35,080 shares of the specialty retailer’s stock worth $1,687,000 after buying an additional 590 shares during the last quarter. First Trust Advisors LP raised its position in CST Brands by 47.8% in the first quarter. First Trust Advisors LP now owns 99,461 shares of the specialty retailer’s stock worth $4,783,000 after buying an additional 32,183 shares during the last quarter. Finally, Amalgamated Bank raised its position in CST Brands by 3.0% in the first quarter. Amalgamated Bank now owns 11,820 shares of the specialty retailer’s stock worth $568,000 after buying an additional 347 shares during the last quarter. Institutional investors and hedge funds own 85.73% of the company’s stock.
CST Brands Inc (NYSE:CST) traded down 0.02% during trading on Tuesday, reaching $48.53. The company’s stock had a trading volume of 652,166 shares. The stock has a 50-day moving average price of $48.38 and a 200 day moving average price of $48.29. CST Brands Inc has a 52-week low of $42.01 and a 52-week high of $48.56.
CST Brands (NYSE:CST) last released its quarterly earnings results on Monday, May 8th. The specialty retailer reported $0.15 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.24 by $0.09. CST Brands had a positive return on equity of 0.97% and a negative net margin of 0.11%. The firm had revenue of $2.37 billion during the quarter, compared to analysts’ expectations of $2.45 billion. During the same period in the prior year, the firm posted $0.24 earnings per share. CST Brands’s revenue for the quarter was up 16.4% compared to the same quarter last year. Analysts anticipate that CST Brands Inc will post $1.60 earnings per share for the current fiscal year.
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A number of brokerages have commented on CST. BidaskClub raised CST Brands from a “sell” rating to a “hold” rating in a report on Wednesday, June 28th. Jefferies Group LLC set a $49.00 target price on CST Brands and gave the company a “hold” rating in a research report on Wednesday, April 19th. One investment analyst has rated the stock with a sell rating and nine have given a hold rating to the company. CST Brands has a consensus rating of “Hold” and a consensus price target of $45.88.
CST Brands Company Profile
CST Brands LLC, formerly CST Brands, Inc, is a holding company. The Company is an independent retail of motor fuel and convenience merchandise in the United States and eastern Canada. Its segments include U.S. Retail, Canadian Retail and CrossAmerica. As of December 31, 2016, its U.S. Retail segment had 1,167 Company-operated retail sites located in Arkansas, Arizona, Colorado, Florida, Georgia, Louisiana, New Mexico, New York, Oklahoma and Texas.
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