Cetera Investment Advisers Takes Position in Constellium SE $CSTM

Key Points

• Cetera Investment Advisers acquired 107,583 Constellium shares worth approximately $2.64 million during the first quarter, while institutional investors collectively own 92.59% of the company.
• Analysts maintain a cautiously positive outlook, with a consensus “Moderate Buy” rating and an average price target of $35.80; individual targets range from $34 to $39.
• Constellium reported strong quarterly results, posting $1.04 in EPS versus the $0.86 estimate and $2.75 billion in revenue, up 30.7% year over year.

Cetera Investment Advisers bought a new position in Constellium SE (NYSE:CSTM - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 107,583 shares of the industrial products company's stock, valued at approximately $2,644,000. Cetera Investment Advisers owned about 0.08% of Constellium as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in the company. Millennium Management LLC lifted its holdings in shares of Constellium by 35.4% during the 3rd quarter. Millennium Management LLC now owns 6,935,766 shares of the industrial products company's stock valued at $103,204,000 after purchasing an additional 1,813,400 shares in the last quarter. Encompass Capital Advisors LLC grew its holdings in shares of Constellium by 9.2% in the fourth quarter. Encompass Capital Advisors LLC now owns 4,657,915 shares of the industrial products company's stock valued at $87,802,000 after acquiring an additional 393,640 shares in the last quarter. Vanguard Group Inc. grew its position in Constellium by 22.9% during the fourth quarter. Vanguard Group Inc. now owns 4,054,982 shares of the industrial products company's stock worth $76,436,000 after buying an additional 755,918 shares in the last quarter. Morgan Stanley boosted its holdings in shares of Constellium by 48.4% in the 4th quarter. Morgan Stanley now owns 3,728,118 shares of the industrial products company's stock worth $70,275,000 after purchasing an additional 1,216,516 shares in the last quarter. Finally, State Street Corp grew its holdings in shares of Constellium by 3.6% during the 4th quarter. State Street Corp now owns 2,660,518 shares of the industrial products company's stock valued at $50,151,000 after purchasing an additional 92,955 shares during the last quarter. Institutional investors own 92.59% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have recently commented on CSTM shares. JPMorgan Chase & Co. reissued a "neutral" rating and issued a $34.00 price target (up from $30.00) on shares of Constellium in a research report on Thursday, April 30th. Wells Fargo & Company increased their price target on shares of Constellium from $37.00 to $39.00 and gave the stock an "overweight" rating in a research report on Thursday, July 30th. Weiss Ratings downgraded shares of Constellium from a "buy (b-)" rating to a "hold (c+)" rating in a report on Wednesday, July 1st. Zacks Research downgraded shares of Constellium from a "strong-buy" rating to a "hold" rating in a report on Monday, June 29th. Finally, UBS Group lowered their price target on shares of Constellium from $38.00 to $35.00 and set a "buy" rating for the company in a report on Wednesday, July 8th. Four equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $35.80.

Constellium Stock Up 3.0%

CSTM stock opened at $29.48 on Friday. Constellium SE has a one year low of $13.06 and a one year 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. The company has a fifty day moving average of $31.23 and a 200-day moving average of $28.76. The stock has a market capitalization of $4.00 billion, a PE ratio of 7.60 and a beta of 1.57.

Constellium (NYSE:CSTM - Get Free Report) last announced its quarterly earnings data on Wednesday, July 29th. The industrial products company reported $1.04 EPS for the quarter, beating 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 firm had revenue of $2.75 billion during the quarter, compared to the consensus estimate of $2.73 billion. During the same quarter last year, the firm earned $0.25 earnings per share. The firm's revenue was up 30.7% compared to the same quarter last year. As a group, analysts expect that Constellium SE will post 3.7 EPS for the current year.

Insider Buying and Selling at Constellium

In other news, SVP Martin Jarrett sold 4,716 shares of Constellium stock in a transaction dated Thursday, May 14th. The shares were sold at an average price of $33.46, for a total transaction of $157,797.36. Following the completion of the sale, the senior vice president directly owned 15,375 shares in the company, valued at $514,447.50. The trade was a 23.47% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Jean-Christophe Deslarzes acquired 1,490 shares of the company's stock in a transaction dated Monday, August 3rd. The stock was acquired at an average cost of $27.24 per share, with a total value of $40,587.60. Following the transaction, the director directly owned 43,515 shares of the company's stock, valued at approximately $1,185,348.60. This represents a 3.55% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Over the last quarter, insiders sold 50,768 shares of company stock valued at $1,736,880. Corporate insiders own 1.20% of the company's stock.

About Constellium

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.

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