Public Employees Retirement System of Ohio Purchases 53,081 Shares of Constellium SE $CSTM

Public Employees Retirement System of Ohio increased its position in shares of Constellium SE (NYSE:CSTM) by 848.8% during the first quarter, Holdings Channel.com reports. The institutional investor owned 59,335 shares of the industrial products company’s stock after purchasing an additional 53,081 shares during the period. Public Employees Retirement System of Ohio’s holdings in Constellium were worth $1,458,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Farther Finance Advisors LLC raised its position 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 acquiring an additional 1,467 shares in the last quarter. Allworth Financial LP grew its position in shares of Constellium by 52.5% in the 4th quarter. Allworth Financial LP now owns 2,074 shares of the industrial products company’s stock valued at $39,000 after acquiring an additional 714 shares during the period. EverSource Wealth Advisors LLC grew its position in shares of Constellium by 34.2% in the 4th quarter. EverSource Wealth Advisors LLC now owns 3,151 shares of the industrial products company’s stock valued at $59,000 after acquiring an additional 803 shares during the period. Quarry LP increased its stake 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 worth $83,000 after purchasing an additional 1,960 shares during the last quarter. Finally, Numerai GP LLC acquired a new position in shares of Constellium during the 3rd quarter worth about $154,000. 92.59% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on CSTM shares. Zacks Research cut shares of Constellium from a “strong-buy” rating to a “hold” rating in a report on Monday, June 29th. UBS Group lowered their price target on Constellium from $38.00 to $35.00 and set a “buy” rating on the stock in a research report on Wednesday, July 8th. Deutsche Bank Aktiengesellschaft set a $39.00 price objective on Constellium in a research note on Thursday. BMO Capital Markets set a $32.00 price objective on Constellium and gave the company an “outperform” rating in a research report on Thursday, April 9th. Finally, Wells Fargo & Company lifted their target price on Constellium from $37.00 to $39.00 and gave the stock an “overweight” rating in a research note on Thursday. Four equities 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 currently has an average rating of “Moderate Buy” and a consensus price target of $35.80.

Constellium Trading Down 0.3%

Shares of Constellium stock opened at $27.69 on Monday. The firm has a 50-day moving average of $31.73 and a 200-day moving average of $28.57. The stock has a market cap of $3.75 billion, a PE ratio of 7.14 and a beta of 1.57. Constellium SE has a 52-week low of $13.04 and a 52-week high of $36.99. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.61 and a current ratio of 1.43.

Constellium (NYSE:CSTM) last released its quarterly earnings results on Wednesday, July 29th. The industrial products company reported $1.04 EPS for the quarter, topping analysts’ consensus estimates 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 analyst estimates of $2.73 billion. During the same period last year, the firm earned $0.25 earnings per share. Constellium’s revenue for the quarter was up 30.7% compared to the same quarter last year. As a group, sell-side analysts forecast that Constellium SE will post 3.7 EPS for the current year.

Insider Activity

In other news, Director John Ormerod sold 8,000 shares of Constellium stock in a transaction that occurred on Thursday, June 4th. The shares were sold at an average price of $35.01, for a total value of $280,080.00. Following the completion of the sale, the director directly owned 24,873 shares in the company, valued at approximately $870,803.73. The trade was a 24.34% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Michiel Brandjes sold 10,400 shares of the business’s stock in a transaction that occurred on Tuesday, May 5th. The shares were sold at an average price of $31.25, for a total value of $325,000.00. Following the completion of the sale, the director owned 41,600 shares of the company’s stock, valued at approximately $1,300,000. This trade represents a 20.00% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 91,369 shares of company stock worth $3,051,536. Insiders own 1.20% of the company’s stock.

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.