Constellium SE $CSTM Shares Acquired by Mitsubishi UFJ Trust & Banking Corp

Mitsubishi UFJ Trust & Banking Corp lifted its position in shares of Constellium SE (NYSE:CSTM) by 89.1% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 121,720 shares of the industrial products company’s stock after acquiring an additional 57,337 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp owned 0.09% of Constellium worth $1,811,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of CSTM. KBC Group NV acquired a new stake in shares of Constellium during the 2nd quarter valued at approximately $56,000. EMC Capital Management acquired a new stake in Constellium during the second quarter worth approximately $135,000. PharVision Advisers LLC purchased a new stake in Constellium in the 2nd quarter worth approximately $147,000. Magnetar Financial LLC purchased a new stake in Constellium in the 2nd quarter worth approximately $168,000. Finally, Ameritas Investment Partners Inc. raised its holdings in Constellium by 14.6% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 14,536 shares of the industrial products company’s stock valued at $193,000 after acquiring an additional 1,848 shares during the last quarter. 92.59% of the stock is owned by hedge funds and other institutional investors.

Constellium Stock Down 3.0%

CSTM stock opened at $22.47 on Friday. The company has a current ratio of 1.28, a quick ratio of 0.54 and a debt-to-equity ratio of 2.29. The firm has a 50 day simple moving average of $19.60 and a 200-day simple moving average of $16.50. The company has a market capitalization of $3.10 billion, a P/E ratio of 28.44 and a beta of 1.52. Constellium SE has a twelve month low of $7.32 and a twelve month high of $23.71.

Constellium (NYSE:CSTM) last posted its quarterly earnings data on Wednesday, October 29th. The industrial products company reported $0.62 EPS for the quarter, beating analysts’ consensus estimates of $0.37 by $0.25. The firm had revenue of $2.17 billion for the quarter, compared to the consensus estimate of $1.79 billion. Constellium had a net margin of 1.42% and a return on equity of 14.33%. The firm’s revenue was up 20.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.02 EPS. On average, equities research analysts predict that Constellium SE will post 1.1 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the stock. Weiss Ratings reiterated a “hold (c)” rating on shares of Constellium in a report on Monday, December 29th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $25.00 price objective on shares of Constellium in a research report on Thursday, January 8th. Zacks Research upgraded Constellium from a “strong sell” rating to a “hold” rating in a report on Friday, October 31st. JPMorgan Chase & Co. increased their price objective on shares of Constellium from $17.00 to $22.00 and gave the company an “overweight” rating in a research report on Thursday, October 30th. Finally, Wall Street Zen raised shares of Constellium from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, November 4th. Two research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, Constellium presently has a consensus rating of “Hold” and an average target price of $24.00.

About Constellium

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.