CST Brands Inc (NYSE:CST) released its quarterly earnings results on Monday. The specialty retailer reported $0.15 EPS for the quarter, missing the consensus estimate of $0.24 by $0.09. The firm had revenue of $2.37 billion for the quarter, compared to the consensus estimate of $2.45 billion. CST Brands had a return on equity of 8.16% and a net margin of 3.63%. The firm’s revenue was up 16.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.24 EPS.
Separately, Jefferies Group LLC set a $49.00 price target on shares of CST Brands and gave the stock a “hold” rating in a research report on Wednesday, April 19th. One investment analyst has rated the stock with a sell rating and eight have given a hold rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $45.88.
In other news, SVP Gerard J. Sonnier sold 1,865 shares of the business’s stock in a transaction dated Tuesday, March 14th. The stock was sold at an average price of $48.27, for a total transaction of $90,023.55. Following the completion of the transaction, the senior vice president now directly owns 14,829 shares in the company, valued at approximately $715,795.83. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 2.09% of the stock is currently owned by insiders.
Institutional investors have recently bought and sold shares of the company. BlackRock Inc. raised its position in CST Brands by 14,877.6% in the first quarter. BlackRock Inc. now owns 5,995,815 shares of the specialty retailer’s stock valued at $288,338,000 after buying an additional 5,955,783 shares during the last quarter. FMR LLC boosted its position in CST Brands by 15.7% in the fourth quarter. FMR LLC now owns 8,946,500 shares of the specialty retailer’s stock valued at $430,774,000 after buying an additional 1,214,228 shares during the period. Water Island Capital LLC acquired a new position in CST Brands during the third quarter valued at $56,986,000. Acadian Asset Management LLC boosted its position in CST Brands by 7,820.9% in the first quarter. Acadian Asset Management LLC now owns 822,266 shares of the specialty retailer’s stock valued at $39,543,000 after buying an additional 811,885 shares during the period. Finally, Vivaldi Asset Management LLC acquired a new position in CST Brands during the fourth quarter valued at $38,050,000. Institutional investors own 85.56% of the company’s stock.
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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 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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