Sei Investments Co. Increases Stake in Constellium SE $CSTM

Sei Investments Co. boosted its position in Constellium SE (NYSE:CSTM) by 159.2% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 231,774 shares of the industrial products company’s stock after acquiring an additional 142,340 shares during the period. Sei Investments Co.’s holdings in Constellium were worth $5,697,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in CSTM. Ethic Inc. boosted its position in Constellium by 1.6% during the fourth quarter. Ethic Inc. now owns 29,283 shares of the industrial products company’s stock worth $552,000 after purchasing an additional 456 shares during the period. Mackenzie Financial Corp raised its position in shares of Constellium by 0.4% in the fourth quarter. Mackenzie Financial Corp now owns 132,642 shares of the industrial products company’s stock valued at $2,511,000 after purchasing an additional 512 shares during the period. Summit Global Investments raised its position in shares of Constellium by 1.7% in the first quarter. Summit Global Investments now owns 33,799 shares of the industrial products company’s stock valued at $831,000 after purchasing an additional 554 shares during the period. Moran Wealth Management LLC lifted its stake in shares of Constellium by 6.7% during the 1st quarter. Moran Wealth Management LLC now owns 11,025 shares of the industrial products company’s stock valued at $271,000 after buying an additional 692 shares in the last quarter. Finally, Allworth Financial LP lifted its stake in shares of Constellium by 52.5% during the 4th quarter. Allworth Financial LP now owns 2,074 shares of the industrial products company’s stock valued at $39,000 after buying an additional 714 shares in the last quarter. 92.59% of the stock is owned by hedge funds and other institutional investors.

Constellium Stock Performance

Constellium stock opened at $29.61 on Wednesday. The firm’s 50 day simple moving average is $31.53 and its 200 day simple moving average is $28.66. The company has a current ratio of 1.43, a quick ratio of 0.61 and a debt-to-equity ratio of 1.50. The firm has a market capitalization of $4.01 billion, a PE ratio of 7.63 and a beta of 1.57. Constellium SE has a 1-year low of $13.06 and a 1-year high of $36.99.

Constellium (NYSE:CSTM) last posted its earnings results on Wednesday, July 29th. The industrial products company reported $1.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.86 by $0.18. Constellium had a net margin of 5.69% and a return on equity of 51.66%. The business had revenue of $2.75 billion for the quarter, compared to analysts’ expectations of $2.73 billion. During the same period in the prior year, the company posted $0.25 EPS. The business’s revenue for the quarter was up 30.7% compared to the same quarter last year. As a group, analysts expect that Constellium SE will post 3.7 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. UBS Group lowered their target price on shares of Constellium from $38.00 to $35.00 and set a “buy” rating on the stock in a report on Wednesday, July 8th. BMO Capital Markets set a $32.00 price target on Constellium and gave the stock an “outperform” rating in a report on Thursday, April 9th. Wells Fargo & Company lifted their price target on Constellium from $37.00 to $39.00 and gave the company an “overweight” rating in a research report on Thursday, July 30th. Zacks Research lowered Constellium from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 29th. Finally, Weiss Ratings cut Constellium from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, July 1st. Four research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $35.80.

Insider Transactions at Constellium

In related news, SVP Martin Jarrett sold 4,716 shares of the stock in a transaction on Thursday, May 14th. The stock was sold at an average price of $33.46, for a total value of $157,797.36. Following the sale, the senior vice president owned 15,375 shares in the company, valued at approximately $514,447.50. This trade represents a 23.47% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP Nicolas Brun sold 26,661 shares of Constellium stock in a transaction on Monday, May 11th. The shares were sold at an average price of $33.85, for a total value of $902,474.85. Following the sale, the senior vice president directly owned 104,891 shares of the company’s stock, valued at $3,550,560.35. This represents a 20.27% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 55,768 shares of company stock valued at $1,904,480. Corporate insiders own 1.20% of the company’s stock.

Constellium Company Profile

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.