Janus Henderson Group PLC Raises Stock Position in Constellium SE $CSTM

Janus Henderson Group PLC lifted its position in shares of Constellium SE (NYSE:CSTM) by 775.9% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 439,301 shares of the industrial products company’s stock after purchasing an additional 389,147 shares during the quarter. Janus Henderson Group PLC’s holdings in Constellium were worth $10,797,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of CSTM. Millennium Management LLC raised its stake in Constellium by 35.4% during the third quarter. Millennium Management LLC now owns 6,935,766 shares of the industrial products company’s stock valued at $103,204,000 after buying an additional 1,813,400 shares during the last quarter. Encompass Capital Advisors LLC raised its holdings in Constellium by 9.2% in the 4th quarter. Encompass Capital Advisors LLC now owns 4,657,915 shares of the industrial products company’s stock worth $87,802,000 after acquiring an additional 393,640 shares during the last quarter. Vanguard Group Inc. lifted its position in Constellium by 22.9% in the 4th quarter. Vanguard Group Inc. now owns 4,054,982 shares of the industrial products company’s stock valued at $76,436,000 after acquiring an additional 755,918 shares in the last quarter. Morgan Stanley boosted its stake in Constellium by 48.4% during the 4th quarter. Morgan Stanley now owns 3,728,118 shares of the industrial products company’s stock valued at $70,275,000 after purchasing an additional 1,216,516 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership boosted its position in shares of Constellium by 620.9% during the first quarter. Arrowstreet Capital Limited Partnership now owns 3,228,027 shares of the industrial products company’s stock valued at $79,345,000 after buying an additional 2,780,260 shares during the last quarter. Hedge funds and other institutional investors own 92.59% of the company’s stock.

Insider Activity

In related news, insider Stephane Corre sold 5,000 shares of Constellium stock in a transaction that occurred on Friday, May 8th. The shares were sold at an average price of $33.52, for a total value of $167,600.00. Following the completion of the sale, the insider directly owned 62,313 shares in the company, valued at $2,088,731.76. This trade represents a 7.43% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Marcus Becker sold 10,391 shares of the business’s 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 sale, the senior vice president owned 16,784 shares in the company, valued at approximately $586,265.12. The trade was a 38.24% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 55,768 shares of company stock worth $1,904,480 over the last 90 days. 1.20% of the stock is currently owned by insiders.

Analyst Ratings Changes

CSTM has been the topic of several research analyst reports. JPMorgan Chase & Co. reissued a “neutral” rating and set a $34.00 price target (up from $30.00) on shares of Constellium in a report on Thursday, April 30th. Wells Fargo & Company raised their price objective on Constellium from $37.00 to $39.00 and gave the stock an “overweight” rating in a research note on Thursday, July 30th. BMO Capital Markets set a $32.00 price target on shares of Constellium and gave the company an “outperform” rating in a report on Thursday, April 9th. Weiss Ratings cut Constellium from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, July 1st. Finally, UBS Group dropped their target price on shares of Constellium from $38.00 to $35.00 and set a “buy” rating for the company in a research report on Wednesday, July 8th. Four analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $35.80.

Constellium Price Performance

Shares of CSTM stock opened at $29.61 on Wednesday. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.61 and a current ratio of 1.43. The stock has a 50 day moving average price of $31.53 and a 200 day moving average price of $28.66. Constellium SE has a 52-week low of $13.06 and a 52-week high of $36.99. The firm has a market capitalization of $4.01 billion, a P/E ratio of 7.63 and a beta of 1.57.

Constellium (NYSE:CSTM) last released its quarterly earnings data on Wednesday, July 29th. The industrial products company reported $1.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.86 by $0.18. Constellium had a net margin of 5.69% and a return on equity of 51.66%. The company had revenue of $2.75 billion during the quarter, compared to analysts’ expectations of $2.73 billion. During the same period in the previous year, the company earned $0.25 EPS. The firm’s quarterly revenue was up 30.7% on a year-over-year basis. As a group, sell-side analysts predict that Constellium SE will post 3.7 earnings per share for the current year.

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.