Corient Private Wealth LLC Buys New Stake in Constellium SE $CSTM

Corient Private Wealth LLC purchased a new position in Constellium SE (NYSE:CSTM) during the 2nd quarter, Holdings Channel.com reports. The firm purchased 99,658 shares of the industrial products company’s stock, valued at approximately $1,325,000.

A number of other hedge funds also recently bought and sold shares of the business. Encompass Capital Advisors LLC grew its stake in shares of Constellium by 59.7% in the 2nd quarter. Encompass Capital Advisors LLC now owns 5,362,760 shares of the industrial products company’s stock worth $71,325,000 after buying an additional 2,005,216 shares in the last quarter. Millennium Management LLC raised its position in shares of Constellium by 65.8% during the 1st quarter. Millennium Management LLC now owns 4,115,439 shares of the industrial products company’s stock valued at $41,525,000 after buying an additional 1,633,561 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of Constellium by 139.7% in the 2nd quarter. JPMorgan Chase & Co. now owns 2,171,333 shares of the industrial products company’s stock valued at $28,879,000 after acquiring an additional 1,265,401 shares during the last quarter. Soapstone Management L.P. grew its position in Constellium by 12.6% in the second quarter. Soapstone Management L.P. now owns 1,776,559 shares of the industrial products company’s stock worth $23,628,000 after acquiring an additional 199,360 shares in the last quarter. Finally, Geode Capital Management LLC increased its stake in Constellium by 14.2% during the second quarter. Geode Capital Management LLC now owns 1,730,112 shares of the industrial products company’s stock worth $23,008,000 after acquiring an additional 214,987 shares during the last quarter. Hedge funds and other institutional investors own 92.59% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the company. Wall Street Zen raised Constellium from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, November 4th. Zacks Research upgraded Constellium from a “strong sell” rating to a “hold” rating in a report on Friday, October 31st. JPMorgan Chase & Co. raised their price target on Constellium from $17.00 to $22.00 and gave the stock an “overweight” rating in a research report on Thursday, October 30th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Constellium in a research note on Monday. Finally, Wells Fargo & Company boosted their price objective on shares of Constellium from $16.00 to $17.00 and gave the company an “equal weight” rating in a research report on Thursday, October 30th. Two investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $18.00.

Constellium Price Performance

Shares of CSTM stock opened at $18.90 on Thursday. The stock has a 50 day moving average price of $16.71 and a 200 day moving average price of $15.10. Constellium SE has a 52-week low of $7.32 and a 52-week high of $19.38. The company has a debt-to-equity ratio of 2.29, a quick ratio of 0.54 and a current ratio of 1.28. The firm has a market capitalization of $2.60 billion, a P/E ratio of 23.92 and a beta of 1.55.

Constellium (NYSE:CSTM) last released its earnings results on Wednesday, October 29th. The industrial products company reported $0.62 earnings per share for the quarter, topping analysts’ consensus estimates of $0.37 by $0.25. Constellium had a return on equity of 14.33% and a net margin of 1.42%.The business had revenue of $2.17 billion for the quarter, compared to analyst estimates of $1.79 billion. During the same quarter last year, the firm posted $0.02 earnings per share. The business’s revenue was up 20.2% compared to the same quarter last year. As a group, sell-side analysts predict that Constellium SE will post 1.1 earnings per share for the current year.

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.