Northern Trust Corp Acquires 23,789 Shares of Constellium SE (NYSE:CSTM)

Northern Trust Corp increased its holdings in shares of Constellium SE (NYSE:CSTM - Free Report) by 2.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 913,228 shares of the industrial products company's stock after purchasing an additional 23,789 shares during the quarter. Northern Trust Corp owned approximately 0.62% of Constellium worth $9,379,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the business. Two Sigma Securities LLC bought a new position in Constellium during the fourth quarter valued at approximately $247,000. Nebula Research & Development LLC boosted its stake in Constellium by 71.9% during the fourth quarter. Nebula Research & Development LLC now owns 153,365 shares of the industrial products company's stock valued at $1,575,000 after buying an additional 64,168 shares during the last quarter. Kerrisdale Advisers LLC bought a new position in Constellium during the fourth quarter valued at approximately $583,000. Adage Capital Partners GP L.L.C. boosted its stake in Constellium by 70.7% during the fourth quarter. Adage Capital Partners GP L.L.C. now owns 298,774 shares of the industrial products company's stock valued at $3,068,000 after buying an additional 123,774 shares during the last quarter. Finally, T. Rowe Price Investment Management Inc. boosted its stake in Constellium by 26.7% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 19,828,738 shares of the industrial products company's stock valued at $203,642,000 after buying an additional 4,181,823 shares during the last quarter. Hedge funds and other institutional investors own 92.59% of the company's stock.

Constellium Trading Up 1.8%

Shares of NYSE:CSTM traded up $0.22 during trading on Tuesday, hitting $12.38. The company had a trading volume of 1,194,115 shares, compared to its average volume of 1,439,114. The stock has a market cap of $1.77 billion, a price-to-earnings ratio of 38.69 and a beta of 1.65. Constellium SE has a one year low of $7.33 and a one year high of $22.00. The company has a fifty day simple moving average of $10.19 and a two-hundred day simple moving average of $10.64. The company has a debt-to-equity ratio of 1.93, a current ratio of 1.28 and a quick ratio of 0.52.

Constellium (NYSE:CSTM - Get Free Report) last posted its quarterly earnings data on Wednesday, April 30th. The industrial products company reported $0.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.07 by $0.19. The business had revenue of $1.98 billion during the quarter, compared to analyst estimates of $1.88 billion. Constellium had a return on equity of 4.83% and a net margin of 0.67%. The company's revenue for the quarter was up 5.3% on a year-over-year basis. During the same period last year, the company earned $0.11 EPS. As a group, equities analysts forecast that Constellium SE will post 1.1 earnings per share for the current year.

Analyst Upgrades and Downgrades

Separately, Deutsche Bank Aktiengesellschaft raised Constellium from a "hold" rating to a "buy" rating and set a $15.00 price objective for the company in a research note on Tuesday, February 25th.

Constellium Company Profile

Constellium SE, together with its subsidiaries, engages in the design, manufacture, and sale of rolled and extruded aluminum products for the packaging, aerospace, automotive, defense, and other transportation and industry end-markets. The company operates through three segments: Packaging & Automotive Rolled Products, Aerospace & Transportation, and Automotive Structures & Industry.