BW Gestao de Investimentos Ltda. Makes New Investment in Constellium SE $CSTM

BW Gestao de Investimentos Ltda. acquired a new position in Constellium SE (NYSE:CSTM) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 546,270 shares of the industrial products company’s stock, valued at approximately $10,297,000.

A number of other large investors have also modified their holdings of CSTM. Royal Bank of Canada raised its position in shares of Constellium by 5.3% in the first quarter. Royal Bank of Canada now owns 72,526 shares of the industrial products company’s stock worth $732,000 after acquiring an additional 3,629 shares during the period. AQR Capital Management LLC raised its position in shares of Constellium by 354.0% in the first quarter. AQR Capital Management LLC now owns 91,566 shares of the industrial products company’s stock worth $924,000 after acquiring an additional 71,396 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Constellium by 4.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 77,021 shares of the industrial products company’s stock worth $777,000 after acquiring an additional 3,393 shares during the period. Prudential Financial Inc. acquired a new position in shares of Constellium in the second quarter worth about $218,000. Finally, Norges Bank acquired a new position in shares of Constellium in the second quarter worth about $1,499,000. Institutional investors and hedge funds own 92.59% of the company’s stock.

Insiders Place Their Bets

In other news, SVP Ludovic Piquier sold 1,000 shares of the stock in a transaction that occurred on Tuesday, May 12th. The shares were sold at an average price of $33.57, for a total value of $33,570.00. Following the completion of the sale, the senior vice president owned 241,713 shares of the company’s stock, valued at $8,114,305.41. This represents a 0.41% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, SVP Martin Jarrett sold 4,716 shares of the stock in a transaction that occurred on 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 of the company’s stock, valued at approximately $514,447.50. This trade represents a 23.47% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 368,426 shares of company stock worth $10,803,954. 1.20% of the stock is currently owned by company insiders.

Constellium Stock Up 1.1%

Shares of NYSE CSTM opened at $34.65 on Tuesday. Constellium SE has a 12-month low of $12.11 and a 12-month high of $35.29. The stock has a market cap of $4.72 billion, a PE ratio of 11.21 and a beta of 1.55. The company has a current ratio of 1.39, a quick ratio of 0.60 and a debt-to-equity ratio of 1.71. The company has a 50-day moving average of $30.25 and a 200 day moving average of $24.38.

Constellium (NYSE:CSTM) 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 the consensus estimate of $0.62 by $0.80. Constellium had a net margin of 4.87% and a return on equity of 46.22%. The company had revenue of $2.46 billion during the quarter, compared to analysts’ expectations of $2.43 billion. During the same quarter in the prior year, the company earned $0.26 EPS. Constellium’s revenue was up 24.4% compared to the same quarter last year. As a group, sell-side analysts predict that Constellium SE will post 3.34 EPS for the current fiscal year.

Constellium announced that its board has authorized a stock repurchase plan on Thursday, March 12th that permits the company to repurchase $300.00 million in shares. This repurchase authorization permits the industrial products company to reacquire up to 8.8% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s board of directors believes its stock is undervalued.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on CSTM. BMO Capital Markets set a $32.00 price objective on shares of Constellium and gave the stock an “outperform” rating in a research report on Thursday, April 9th. Wells Fargo & Company upped their price target on shares of Constellium from $35.00 to $39.00 and gave the stock an “overweight” rating in a research report on Thursday, April 30th. UBS Group began coverage on shares of Constellium in a research report on Tuesday, May 5th. They set a “buy” rating and a $38.00 price target for the company. Zacks Research upgraded shares of Constellium from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, May 12th. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of Constellium in a research report on Tuesday, May 26th. Two research analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, Constellium has a consensus rating of “Buy” and an average price target of $36.60.

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.