CST Brands Inc. (NYSE:CST) was the target of a significant decline in short interest in the month of August. As of August 31st, there was short interest totalling 2,585,526 shares, a decline of 41.1% from the August 15th total of 4,390,449 shares. Based on an average trading volume of 4,173,582 shares, the days-to-cover ratio is presently 0.6 days. Currently, 3.5% of the shares of the company are short sold.

In other CST Brands news, Director Joseph V. Jr. Topper sold 100,000 shares of the company’s stock in a transaction dated 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Joseph V. Jr. Topper sold 57,729 shares of the company’s stock in a transaction dated 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 transaction, the director now owns 1,175,479 shares in the company, valued at $56,364,218.05. The disclosure for this sale can be found here. Insiders own 2.09% of the company’s stock.

A number of hedge funds have recently modified their holdings of the stock. Victory Capital Management Inc. increased its stake in shares of CST Brands by 77.0% in the second quarter. Victory Capital Management Inc. now owns 2,515 shares of the company’s stock valued at $108,000 after buying an additional 1,094 shares in the last quarter. Tower Research Capital LLC TRC increased its stake in shares of CST Brands by 88.6% in the second quarter. Tower Research Capital LLC TRC now owns 3,512 shares of the company’s stock valued at $151,000 after buying an additional 1,650 shares in the last quarter. Invictus RG purchased a new stake in shares of CST Brands during the first quarter valued at $165,000. LS Investment Advisors LLC increased its stake in shares of CST Brands by 65.8% in the second quarter. LS Investment Advisors LLC now owns 4,655 shares of the company’s stock valued at $201,000 after buying an additional 1,847 shares in the last quarter. Finally, Calvert Investment Management Inc. purchased a new stake in shares of CST Brands during the second quarter valued at $218,000. Hedge funds and other institutional investors own 90.82% of the company’s stock.

Several brokerages have weighed in on CST. Zacks Investment Research upgraded shares of CST Brands from a “sell” rating to a “hold” rating in a research report on Tuesday, August 2nd. Raymond James Financial Inc. lowered shares of CST Brands from an “outperform” rating to a “market perform” rating in a research report on Tuesday, August 23rd. Wells Fargo & Co. lowered shares of CST Brands from an “outperform” rating to a “market perform” rating in a research report on Monday, August 22nd. Gabelli downgraded shares of CST Brands from a “buy” rating to a “hold” rating in a report on Tuesday, August 23rd. Finally, Credit Suisse Group AG reaffirmed a “hold” rating and issued a $39.00 price target on shares of CST Brands in a report on Wednesday, August 17th. Ten equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $43.31.

CST Brands (NYSE:CST) opened at 47.79 on Friday. The stock has a market cap of $3.61 billion, a P/E ratio of 23.14 and a beta of 1.13. The company’s 50 day moving average is $46.84 and its 200 day moving average is $42.04. CST Brands has a 52 week low of $29.73 and a 52 week high of $48.31.

CST Brands (NYSE:CST) last issued its quarterly earnings data on Friday, August 5th. The company reported $0.36 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.43 by $0.07. The firm earned $2.52 billion during the quarter, compared to the consensus estimate of $2.57 billion. CST Brands had a net margin of 1.70% and a return on equity of 16.31%. The company’s revenue for the quarter was down 1.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.31 earnings per share. Equities analysts predict that CST Brands will post $1.62 earnings per share for the current year.

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.

5 Day Chart for NYSE:CST

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