Boston Partners Acquires New Shares in Constellium SE (NYSE:CSTM)

Posted by on May 10th, 2023

Boston Partners acquired a new stake in Constellium SE (NYSE:CSTM – Get Rating) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 47,044 shares of the industrial products company’s stock, valued at approximately $557,000.

A number of other large investors have also made changes to their positions in the company. Highland Capital Management LLC bought a new stake in shares of Constellium in the 4th quarter valued at $122,000. Envestnet Asset Management Inc. increased its holdings in Constellium by 93.2% during the 4th quarter. Envestnet Asset Management Inc. now owns 42,479 shares of the industrial products company’s stock worth $503,000 after purchasing an additional 20,497 shares in the last quarter. Highland Peak Capital LLC bought a new position in Constellium during the 4th quarter worth about $6,614,000. Symmetry Investments LP bought a new position in Constellium during the 4th quarter worth about $1,517,000. Finally, ProShare Advisors LLC increased its holdings in Constellium by 16.7% during the 4th quarter. ProShare Advisors LLC now owns 16,267 shares of the industrial products company’s stock worth $192,000 after purchasing an additional 2,332 shares in the last quarter. Institutional investors own 92.86% of the company’s stock.

Constellium Stock Down 2.3 %

Shares of CSTM opened at $15.10 on Wednesday. Constellium SE has a 12 month low of $9.82 and a 12 month high of $17.57. The firm’s 50 day moving average is $14.69 and its 200-day moving average is $13.52. The stock has a market capitalization of $2.18 billion, a PE ratio of 15.41 and a beta of 1.88. The company has a current ratio of 1.21, a quick ratio of 0.54 and a debt-to-equity ratio of 2.46.

Constellium (NYSE:CSTM – Get Rating) last announced its quarterly earnings data on Wednesday, April 26th. The industrial products company reported $0.15 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.12). Constellium had a net margin of 1.74% and a return on equity of 34.80%. The firm had revenue of $2.10 billion during the quarter, compared to the consensus estimate of $1.68 billion. Equities research analysts forecast that Constellium SE will post 1.33 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on CSTM shares. BMO Capital Markets increased their target price on Constellium from $15.00 to $20.00 and gave the stock an “outperform” rating in a report on Thursday, February 23rd. StockNews.com initiated coverage on shares of Constellium in a research note on Thursday, March 16th. They set a “hold” rating for the company. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Constellium from $18.00 to $19.00 in a research note on Thursday, April 27th. 58.com restated an “initiates” rating on shares of Constellium in a research note on Monday. Finally, Credit Suisse Group reiterated an “outperform” rating and issued a $22.00 target price on shares of Constellium in a research note on Thursday, February 23rd. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $20.00.

Constellium Profile

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Constellium SE operates as a holding company with interest in the design and manufacture of a range of specialty rolled, and extruded aluminum products, serving primarily the aerospace, packaging and automotive end-markets. The company operates through the following segments: Packaging and Automotive Rolled Products, Aerospace and Transportation, and Automotive Structures and Industry.

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Institutional Ownership by Quarter for Constellium (NYSE:CSTM)

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