UBS Group AG Lowers Stock Position in Constellium SE $CSTM

UBS Group AG cut its stake in shares of Constellium SE (NYSE:CSTM) by 12.5% in the 4th quarter, Holdings Channel reports. The institutional investor owned 554,900 shares of the industrial products company’s stock after selling 79,320 shares during the quarter. UBS Group AG’s holdings in Constellium were worth $10,460,000 at the end of the most recent quarter.

Several other institutional investors also recently made changes to their positions in CSTM. Farther Finance Advisors LLC grew its stake in shares of Constellium by 6,985.7% during the 4th quarter. Farther Finance Advisors LLC now owns 1,488 shares of the industrial products company’s stock valued at $28,000 after buying an additional 1,467 shares during the period. EverSource Wealth Advisors LLC grew its stake in shares of Constellium by 578.6% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 2,348 shares of the industrial products company’s stock valued at $35,000 after buying an additional 2,002 shares during the period. GAMMA Investing LLC lifted its holdings in shares of Constellium by 29.7% during the 4th quarter. GAMMA Investing LLC now owns 3,089 shares of the industrial products company’s stock valued at $58,000 after acquiring an additional 707 shares in the last quarter. Quarry LP lifted its holdings in shares of Constellium by 53.7% during the 3rd quarter. Quarry LP now owns 5,610 shares of the industrial products company’s stock valued at $83,000 after acquiring an additional 1,960 shares in the last quarter. Finally, Gordian Capital Singapore Pte Ltd acquired a new position in shares of Constellium during the 3rd quarter valued at $85,000. 92.59% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Constellium

In other Constellium news, SVP Marcus Becker sold 15,570 shares of the business’s stock in a transaction on Friday, February 20th. The shares were sold at an average price of $25.58, for a total value of $398,280.60. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, insider Philippe Hoffmann sold 80,000 shares of the business’s stock in a transaction on Wednesday, March 4th. The stock was sold at an average price of $26.45, for a total transaction of $2,116,000.00. Following the completion of the transaction, the insider owned 55,425 shares in the company, valued at $1,465,991.25. This represents a 59.07% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 386,589 shares of company stock worth $11,133,606 over the last three months. Insiders own 1.20% of the company’s stock.

Constellium Stock Performance

NYSE:CSTM opened at $31.88 on Friday. The company has a current ratio of 1.39, a quick ratio of 0.60 and a debt-to-equity ratio of 1.71. The firm has a market capitalization of $4.34 billion, a price-to-earnings ratio of 10.32 and a beta of 1.54. The firm’s fifty day simple moving average is $28.42 and its 200 day simple moving average is $22.99. Constellium SE has a twelve month low of $11.23 and a twelve month high of $34.94.

Constellium (NYSE:CSTM) last issued its quarterly earnings data on Wednesday, April 29th. The industrial products company reported $1.42 EPS for the quarter, topping analysts’ consensus estimates of $0.62 by $0.80. Constellium had a net margin of 4.87% and a return on equity of 46.22%. The firm had revenue of $2.46 billion for the quarter, compared to analyst estimates of $2.43 billion. During the same quarter in the previous year, the business posted $0.26 EPS. The firm’s revenue was up 24.4% compared to the same quarter last year. As a group, equities research analysts expect that Constellium SE will post 3.34 earnings per share for the current fiscal year.

Constellium declared that its Board of Directors has approved a share repurchase program on Thursday, March 12th that permits the company to repurchase $300.00 million in outstanding shares. This repurchase authorization permits the industrial products company to buy up to 8.8% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s board of directors believes its stock is undervalued.

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $40.00 target price on shares of Constellium in a report on Thursday, April 30th. BMO Capital Markets set a $32.00 target price on shares of Constellium and gave the company an “outperform” rating in a report on Thursday, April 9th. UBS Group assumed coverage on shares of Constellium in a report on Tuesday, May 5th. They set a “buy” rating and a $38.00 target price on the stock. Wells Fargo & Company lifted their target price on shares of Constellium from $35.00 to $39.00 and gave the company an “overweight” rating in a report on Thursday, April 30th. Finally, JPMorgan Chase & Co. restated a “neutral” rating and set a $34.00 target price (up from $30.00) on shares of Constellium in a report on Thursday, April 30th. Two research analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of $36.60.

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.