Knights of Columbus Asset Advisors LLC Acquires New Stake in Constellium SE $CSTM

Knights of Columbus Asset Advisors LLC bought a new position in shares of Constellium SE (NYSE:CSTM) during the 3rd quarter, Holdings Channel.com reports. The firm bought 132,303 shares of the industrial products company’s stock, valued at approximately $1,969,000.

A number of other hedge funds also recently made changes to their positions in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Constellium by 1.3% in the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 78,027 shares of the industrial products company’s stock valued at $1,038,000 after acquiring an additional 1,006 shares during the last quarter. Rockingstone Advisors LLC lifted its position in shares of Constellium by 0.6% in the 3rd quarter. Rockingstone Advisors LLC now owns 214,762 shares of the industrial products company’s stock worth $3,196,000 after purchasing an additional 1,285 shares during the period. Ameritas Investment Partners Inc. lifted its position in shares of Constellium by 14.6% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 14,536 shares of the industrial products company’s stock worth $193,000 after purchasing an additional 1,848 shares during the period. Bailard Inc. boosted its stake in shares of Constellium by 4.0% in the 3rd 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. Finally, Beacon Investment Advisors LLC increased its position in shares of Constellium by 0.7% during the second quarter. Beacon Investment Advisors LLC now owns 339,271 shares of the industrial products company’s stock worth $4,533,000 after buying an additional 2,362 shares during the period. 92.59% of the stock is currently owned by institutional investors.

Constellium Trading Down 3.0%

Shares of Constellium stock opened at $22.47 on Friday. The company has a market capitalization of $3.10 billion, a P/E ratio of 28.44 and a beta of 1.52. The stock has a fifty day simple moving average of $19.60 and a 200 day simple moving average of $16.50. Constellium SE has a 12-month low of $7.32 and a 12-month high of $23.71. The company has a current ratio of 1.28, a quick ratio of 0.54 and a debt-to-equity ratio of 2.29.

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

Analysts Set New Price Targets

Several equities analysts recently issued reports on the stock. JPMorgan Chase & Co. boosted their target price on shares of Constellium from $17.00 to $22.00 and gave the company an “overweight” rating in a report on Thursday, October 30th. Zacks Research raised Constellium from a “strong sell” rating to a “hold” rating in a research report on Friday, October 31st. Wall Street Zen raised Constellium from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, November 4th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $25.00 target price on shares of Constellium in a research note on Thursday, January 8th. Finally, Wells Fargo & Company raised Constellium from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $17.00 to $25.00 in a research note on Tuesday, January 13th. Two equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $24.00.

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.