Constellium SE $CSTM Shares Acquired by Arrowstreet Capital Limited Partnership

Arrowstreet Capital Limited Partnership boosted its stake in Constellium SE (NYSE:CSTM) by 620.9% in the first quarter, Holdings Channel.com reports. The firm owned 3,228,027 shares of the industrial products company’s stock after acquiring an additional 2,780,260 shares during the quarter. Arrowstreet Capital Limited Partnership’s holdings in Constellium were worth $79,345,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of CSTM. Sei Investments Co. boosted its holdings in Constellium by 159.2% in the first quarter. Sei Investments Co. now owns 231,774 shares of the industrial products company’s stock valued at $5,697,000 after acquiring an additional 142,340 shares during the last quarter. Walleye Capital LLC purchased a new stake in shares of Constellium during the 1st quarter worth about $496,000. Globeflex Capital L P purchased a new stake in shares of Constellium during the 1st quarter worth about $635,000. State of Wyoming increased its position in Constellium by 5.1% during the 1st quarter. State of Wyoming now owns 35,655 shares of the industrial products company’s stock worth $876,000 after purchasing an additional 1,728 shares in the last quarter. Finally, Cetera Investment Advisers acquired a new stake in Constellium during the 1st quarter worth approximately $2,644,000. Hedge funds and other institutional investors own 92.59% of the company’s stock.

Insider Buying and Selling at Constellium

In related news, Director John Ormerod sold 8,000 shares of the business’s stock in a transaction dated Thursday, June 4th. The stock was sold at an average price of $35.01, for a total value of $280,080.00. Following the transaction, the director owned 24,873 shares in the company, valued at approximately $870,803.73. The trade was a 24.34% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Marcus Becker sold 10,391 shares of the stock in a transaction dated Thursday, May 28th. The shares were sold at an average price of $34.93, for a total value of $362,957.63. Following the completion of the transaction, the senior vice president directly owned 16,784 shares of the company’s stock, valued at $586,265.12. This represents a 38.24% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 195,153 shares of company stock valued at $6,369,312. Company insiders own 1.20% of the company’s stock.

Constellium Stock Performance

Constellium stock opened at $29.02 on Monday. Constellium SE has a 12-month low of $13.04 and a 12-month high of $36.99. The company has a market capitalization of $3.95 billion, a price-to-earnings ratio of 9.39 and a beta of 1.55. The company has a debt-to-equity ratio of 1.71, a current ratio of 1.39 and a quick ratio of 0.60. The firm’s fifty day moving average price is $32.11 and its 200 day moving average price is $28.29.

Constellium (NYSE:CSTM) last issued its quarterly earnings data on Wednesday, April 29th. The industrial products company reported $1.42 EPS for the quarter, topping analysts’ consensus estimates of $0.62 by $0.80. The firm had revenue of $2.46 billion for the quarter, compared to analyst estimates of $2.43 billion. Constellium had a net margin of 4.87% and a return on equity of 46.22%. The firm’s revenue was up 24.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.26 EPS. On average, research analysts forecast that Constellium SE will post 3.41 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on CSTM shares. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $34.00 price target (up from $30.00) on shares of Constellium in a research report on Thursday, April 30th. Weiss Ratings downgraded shares of Constellium from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, July 1st. Zacks Research lowered shares of Constellium from a “strong-buy” rating to a “hold” rating in a report on Monday, June 29th. Wells Fargo & Company decreased their price target on shares of Constellium from $39.00 to $37.00 and set an “overweight” rating for the company in a research report on Thursday, July 9th. Finally, BMO Capital Markets set a $32.00 price target on Constellium and gave the company an “outperform” rating in a report on Thursday, April 9th. Four analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, Constellium currently has a consensus rating of “Moderate Buy” and a consensus price target of $35.60.

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.