Constellium SE $CSTM Position Reduced by Mitsubishi UFJ Trust & Banking Corp

Mitsubishi UFJ Trust & Banking Corp decreased its position in shares of Constellium SE (NYSE:CSTM) by 23.2% during the 4th quarter, Holdings Channel.com reports. The firm owned 93,541 shares of the industrial products company’s stock after selling 28,179 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp’s holdings in Constellium were worth $1,763,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. GAMMA Investing LLC raised its holdings in Constellium by 29.7% during the fourth quarter. GAMMA Investing LLC now owns 3,089 shares of the industrial products company’s stock worth $58,000 after purchasing an additional 707 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Constellium by 1.3% during the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 78,027 shares of the industrial products company’s stock worth $1,038,000 after purchasing an additional 1,006 shares in the last quarter. Farther Finance Advisors LLC raised its holdings in Constellium by 6,985.7% during the fourth quarter. Farther Finance Advisors LLC now owns 1,488 shares of the industrial products company’s stock worth $28,000 after purchasing an additional 1,467 shares in the last quarter. Alliancebernstein L.P. lifted its stake in Constellium by 1.0% during the third quarter. Alliancebernstein L.P. now owns 157,750 shares of the industrial products company’s stock valued at $2,347,000 after purchasing an additional 1,500 shares during the last quarter. Finally, Bailard Inc. lifted its stake in Constellium by 4.0% during the third quarter. Bailard Inc. now owns 49,100 shares of the industrial products company’s stock valued at $731,000 after purchasing an additional 1,900 shares during the last quarter. Institutional investors own 92.59% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the stock. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $40.00 target price on shares of Constellium in a research note on Thursday. Wells Fargo & Company increased their target price on shares of Constellium from $35.00 to $39.00 and gave the company an “overweight” rating in a research note on Thursday, April 30th. Zacks Research lowered shares of Constellium from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 13th. BMO Capital Markets set a $32.00 target price on shares of Constellium and gave the company an “outperform” rating in a research note on Thursday, April 9th. Finally, JPMorgan Chase & Co. reissued a “neutral” rating and set a $34.00 target price (up from $30.00) on shares of Constellium in a research note on Thursday, April 30th. Three research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $36.25.

Constellium Stock Down 3.9%

Shares of NYSE:CSTM opened at $30.77 on Tuesday. The company has a debt-to-equity ratio of 1.71, a quick ratio of 0.60 and a current ratio of 1.39. The company has a market cap of $4.19 billion, a PE ratio of 9.96 and a beta of 1.54. Constellium SE has a 52 week low of $10.71 and a 52 week high of $33.69. The firm has a 50 day simple moving average of $27.02 and a 200 day simple moving average of $21.94.

Constellium (NYSE:CSTM) last issued its quarterly earnings results on Wednesday, April 29th. The industrial products company reported $1.42 EPS for the quarter, beating the consensus estimate of $0.62 by $0.80. The business had revenue of $2.46 billion during the quarter, compared to the consensus estimate of $2.43 billion. Constellium had a net margin of 4.87% and a return on equity of 46.22%. The firm’s quarterly revenue was up 24.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.26 EPS. As a group, research analysts expect that Constellium SE will post 2.85 earnings per share for the current year.

Constellium declared that its board has authorized a stock buyback plan on Thursday, March 12th that authorizes the company to repurchase $300.00 million in outstanding shares. This repurchase authorization authorizes the industrial products company to buy up to 8.8% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s board believes its shares are undervalued.

Insider Transactions at Constellium

In other Constellium news, SVP Nicolas Brun sold 17,701 shares of the company’s stock in a transaction that occurred on Monday, March 9th. The shares were sold at an average price of $24.67, for a total value of $436,683.67. Following the transaction, the senior vice president owned 103,466 shares in the company, valued at approximately $2,552,506.22. This represents a 14.61% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Marcus Becker sold 15,570 shares of the company’s stock in a transaction that occurred on Friday, February 20th. The shares were sold at an average price of $25.58, for a total transaction of $398,280.60. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 268,327 shares of company stock worth $7,286,905. 1.20% of the stock is owned by company insiders.

Constellium 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.