Royal Bank of Canada Reduces Position in Constellium SE $CSTM

Royal Bank of Canada lessened its stake in shares of Constellium SE (NYSE:CSTM) by 67.1% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 16,725 shares of the industrial products company’s stock after selling 34,080 shares during the quarter. Royal Bank of Canada’s holdings in Constellium were worth $411,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in CSTM. Ethic Inc. boosted its holdings in Constellium by 1.6% in 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 last quarter. Mackenzie Financial Corp raised its stake in Constellium by 0.4% during the 4th quarter. Mackenzie Financial Corp now owns 132,642 shares of the industrial products company’s stock valued at $2,511,000 after buying an additional 512 shares during the last quarter. Summit Global Investments raised its stake in Constellium by 1.7% during the 1st quarter. Summit Global Investments now owns 33,799 shares of the industrial products company’s stock valued at $831,000 after buying an additional 554 shares during the last quarter. Moran Wealth Management LLC lifted its holdings 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 during the period. Finally, Allworth Financial LP lifted its holdings 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 during the period. Institutional investors own 92.59% of the company’s stock.

Constellium Stock Up 0.6%

CSTM stock opened at $27.23 on Thursday. Constellium SE has a twelve month low of $13.58 and a twelve month high of $36.99. The company has a quick ratio of 0.61, a current ratio of 1.43 and a debt-to-equity ratio of 1.50. The stock has a market cap of $3.69 billion, a P/E ratio of 7.02 and a beta of 1.57. The business’s 50-day moving average price is $29.56 and its 200-day moving average price is $29.27.

Constellium (NYSE:CSTM) last announced its quarterly earnings data on Wednesday, July 29th. The industrial products company reported $1.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.86 by $0.18. The company had revenue of $2.75 billion during the quarter, compared to the consensus estimate of $2.73 billion. Constellium had a return on equity of 51.66% and a net margin of 5.69%.The firm’s revenue was up 30.7% on a year-over-year basis. During the same period in the previous year, the company posted $0.25 EPS. On average, equities research analysts forecast that Constellium SE will post 3.7 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the company. JPMorgan Chase & Co. restated a “neutral” rating and issued a $34.00 price target (up from $30.00) on shares of Constellium in a research note on Thursday, April 30th. UBS Group reduced their price objective on Constellium from $38.00 to $35.00 and set a “buy” rating for the company in a research report on Wednesday, July 8th. Zacks Research downgraded Constellium from a “strong-buy” rating to a “hold” rating in a report on Monday, June 29th. Wells Fargo & Company raised their target price on Constellium from $37.00 to $39.00 and gave the stock an “overweight” rating in a research report on Thursday, July 30th. Finally, Deutsche Bank Aktiengesellschaft set a $39.00 price target on Constellium in a research note on Thursday, July 30th. Four research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $35.80.

Insider Activity at Constellium

In other news, Director Jean-Christophe Deslarzes purchased 1,490 shares of the company’s stock in a transaction on Monday, August 3rd. The stock was acquired at an average cost of $27.24 per share, for a total transaction of $40,587.60. Following the completion of the transaction, the director directly owned 43,515 shares in the company, valued at $1,185,348.60. This trade represents a 3.55% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director John Ormerod sold 8,000 shares of the stock in a transaction on Thursday, June 4th. The stock was sold at an average price of $35.01, for a total transaction of $280,080.00. Following the completion of the sale, the director directly owned 24,873 shares of the company’s stock, valued at approximately $870,803.73. This trade represents a 24.34% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 1.20% of the stock is owned by 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.