Danske Bank A S Purchases New Position in Constellium SE $CSTM

Key Points

• Danske Bank A/S acquired a new 437,099-share stake in Constellium (NYSE:CSTM) in Q4, worth about $8.24 million and representing roughly 0.32% of the company.
• Constellium reported a strong quarter — $1.42 EPS vs. $0.62 consensus and $2.46 billion revenue (up 24.4% YoY) — and its board authorized a $300 million stock repurchase program (up to 8.8% of shares).
• Company insiders have been net sellers recently, disposing of 268,327 shares worth about $7.29 million over the past three months, though insiders still own 1.20% of the stock.

Danske Bank A S acquired a new stake in shares of Constellium SE (NYSE:CSTM - Free Report) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm acquired 437,099 shares of the industrial products company's stock, valued at approximately $8,239,000. Danske Bank A S owned approximately 0.32% of Constellium at the end of the most recent quarter.

Several other large investors have also bought and sold shares of CSTM. Royal Bank of Canada lifted its stake in Constellium by 5.3% during the 1st quarter. Royal Bank of Canada now owns 72,526 shares of the industrial products company's stock valued at $732,000 after acquiring an additional 3,629 shares in the last quarter. AQR Capital Management LLC lifted its position in shares of Constellium by 354.0% during the 1st quarter. AQR Capital Management LLC now owns 91,566 shares of the industrial products company's stock worth $924,000 after buying an additional 71,396 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Constellium by 4.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 77,021 shares of the industrial products company's stock worth $777,000 after buying an additional 3,393 shares in the last quarter. Prudential Financial Inc. bought a new position in shares of Constellium during the 2nd quarter worth approximately $218,000. Finally, Norges Bank bought a new position in shares of Constellium during the 2nd quarter worth approximately $1,499,000. 92.59% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have commented on CSTM. Deutsche Bank Aktiengesellschaft reissued a "buy" rating and set a $40.00 target price on shares of Constellium in a research report on Thursday. JPMorgan Chase & Co. reissued a "neutral" rating and set a $34.00 target price (up from $30.00) on shares of Constellium in a research report on Thursday, April 30th. BMO Capital Markets set a $32.00 target price on shares of Constellium and gave the stock an "outperform" rating in a research report on Thursday, April 9th. Wells Fargo & Company lifted their target price on Constellium from $35.00 to $39.00 and gave the stock an "overweight" rating in a research note on Thursday, April 30th. Finally, Zacks Research cut Constellium from a "strong-buy" rating to a "hold" rating in a research note on Monday, April 13th. Three equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $36.25.

Insider Buying and Selling at Constellium

In other Constellium news, CEO Ingrid Joerg sold 4,614 shares of the business's stock in a transaction on Tuesday, March 10th. The shares were sold at an average price of $25.87, for a total transaction of $119,364.18. Following the sale, the chief executive officer owned 378,090 shares of the company's stock, valued at $9,781,188.30. The trade was a 1.21% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Stephane Corre sold 5,000 shares of the business's stock in a transaction on Friday, May 1st. The shares were sold at an average price of $32.04, for a total transaction of $160,200.00. Following the sale, the insider directly owned 67,313 shares in the company, valued at $2,156,708.52. The trade was a 6.91% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 268,327 shares of company stock worth $7,286,905. Company insiders own 1.20% of the company's stock.

Constellium Trading Down 3.9%

NYSE:CSTM opened at $30.77 on Tuesday. Constellium SE has a 12 month low of $10.71 and a 12 month high of $33.69. The firm's 50 day moving average is $27.02 and its 200 day moving average is $21.94. The stock has a market capitalization of $4.19 billion, a PE ratio of 9.96 and a beta of 1.54. The company has a current ratio of 1.39, a quick ratio of 0.60 and a debt-to-equity ratio of 1.71.

Constellium (NYSE:CSTM - Get Free Report) last announced its quarterly earnings data on Wednesday, April 29th. The industrial products company reported $1.42 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.62 by $0.80. Constellium had a return on equity of 46.22% and a net margin of 4.87%.The business had revenue of $2.46 billion for the quarter, compared to analysts' expectations of $2.43 billion. During the same period in the previous year, the business posted $0.26 EPS. The firm's quarterly revenue was up 24.4% compared to the same quarter last year. Sell-side analysts expect that Constellium SE will post 2.85 earnings per share for the current year.

Constellium declared that its board has authorized a stock 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 shares through open market purchases. Shares repurchase programs are usually an indication that the company's board believes its stock is undervalued.

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.

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