Constellium SE $CSTM Stock Holdings Lifted by Mitsubishi UFJ Trust & Banking Corp

Mitsubishi UFJ Trust & Banking Corp lifted its holdings in shares of Constellium SE (NYSE:CSTM) by 89.1% in the third quarter, Holdings Channel.com reports. The institutional investor owned 121,720 shares of the industrial products company’s stock after purchasing an additional 57,337 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp’s holdings in Constellium were worth $1,811,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently bought and sold shares of the business. Royal Bank of Canada grew its holdings in shares of Constellium by 5.3% during the first quarter. Royal Bank of Canada now owns 72,526 shares of the industrial products company’s stock valued at $732,000 after purchasing an additional 3,629 shares during the last quarter. AQR Capital Management LLC grew its stake in Constellium by 354.0% during the 1st quarter. AQR Capital Management LLC now owns 91,566 shares of the industrial products company’s stock worth $924,000 after buying an additional 71,396 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Constellium by 4.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 77,021 shares of the industrial products company’s stock worth $777,000 after buying an additional 3,393 shares during the period. Wealth Enhancement Advisory Services LLC bought a new stake in Constellium in the second quarter valued at $308,000. Finally, 111 Capital grew its position in shares of Constellium by 50.5% during the second quarter. 111 Capital now owns 19,210 shares of the industrial products company’s stock worth $255,000 after acquiring an additional 6,442 shares during the last quarter. Institutional investors own 92.59% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the stock. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $25.00 target price on shares of Constellium in a research note on Thursday, January 8th. Zacks Research upgraded Constellium from a “strong sell” rating to a “hold” rating in a research report on Friday, October 31st. Wall Street Zen upgraded Constellium from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, November 4th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Constellium in a research note on Monday, December 29th. Finally, JPMorgan Chase & Co. increased their price target on Constellium from $17.00 to $22.00 and gave the stock an “overweight” rating in a research note on Thursday, October 30th. Two analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $24.00.

Constellium Price Performance

NYSE:CSTM opened at $22.47 on Friday. The company has a quick ratio of 0.54, a current ratio of 1.28 and a debt-to-equity ratio of 2.29. The business’s 50-day moving average price is $19.60 and its 200 day moving average price is $16.50. Constellium SE has a 52-week low of $7.32 and a 52-week high of $23.71. The firm has a market cap of $3.10 billion, a P/E ratio of 28.44 and a beta of 1.52.

Constellium (NYSE:CSTM) last announced its quarterly earnings data on Wednesday, October 29th. The industrial products company reported $0.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.37 by $0.25. Constellium had a net margin of 1.42% and a return on equity of 14.33%. The company had revenue of $2.17 billion for the quarter, compared to analysts’ expectations of $1.79 billion. During the same quarter in the previous year, the company posted $0.02 EPS. The business’s revenue was up 20.2% compared to the same quarter last year. As a group, sell-side analysts predict that Constellium SE will post 1.1 earnings per share for the current fiscal year.

About Constellium

Constellium SE is a global leader in the design and manufacture of high-performance aluminum products and solutions. The company serves key markets including aerospace, automotive, and packaging, offering advanced rolled and extruded aluminum sheet, plate and structural components. Its product portfolio encompasses precision-engineered parts for commercial and military aircraft, automotive body structures and closures, beverage and specialty packaging, as well as industrial and structural applications.

Established in 2011 through the consolidation of Rio Tinto Alcan’s rolled-products and engineered-products businesses, Constellium has built a reputation for innovation in lightweighting and sustainability.