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Jul 09, 2023

Private Advisor Group LLC Acquires Shares of 94,815 Constellium SE (NYSE:CSTM)

Private Advisor Group LLC acquired a new stake in shares of Constellium SE (NYSE:CSTM - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange

Private Advisor Group LLC acquired a new stake in shares of Constellium SE (NYSE:CSTM - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 94,815 shares of the industrial products company's stock, valued at approximately $1,449,000. Private Advisor Group LLC owned 0.07% of Constellium at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the company. The Manufacturers Life Insurance Company grew its holdings in Constellium by 0.4% during the fourth quarter. The Manufacturers Life Insurance Company now owns 184,945 shares of the industrial products company's stock valued at $2,188,000 after purchasing an additional 739 shares during the period. North Run Capital LP lifted its position in shares of Constellium by 0.8% during the fourth quarter. North Run Capital LP now owns 93,220 shares of the industrial products company's stock worth $1,103,000 after acquiring an additional 750 shares in the last quarter. Advisor Group Holdings Inc. lifted its position in shares of Constellium by 26.5% during the first quarter. Advisor Group Holdings Inc. now owns 3,612 shares of the industrial products company's stock worth $64,000 after acquiring an additional 757 shares in the last quarter. Wells Fargo & Company MN lifted its position in shares of Constellium by 2.3% during the fourth quarter. Wells Fargo & Company MN now owns 34,787 shares of the industrial products company's stock worth $412,000 after acquiring an additional 791 shares in the last quarter. Finally, Truist Financial Corp lifted its position in shares of Constellium by 5.2% during the first quarter. Truist Financial Corp now owns 18,757 shares of the industrial products company's stock worth $287,000 after acquiring an additional 930 shares in the last quarter. 91.26% of the stock is owned by institutional investors.

CSTM has been the topic of several recent research reports. StockNews.com upgraded Constellium from a "hold" rating to a "buy" rating in a research report on Wednesday, August 16th. JPMorgan Chase & Co. lowered their price objective on Constellium from $24.00 to $21.00 in a research report on Friday, July 14th. 58.com reiterated an "initiates" rating on shares of Constellium in a research report on Monday, May 8th. Benchmark increased their price objective on Constellium from $19.00 to $24.00 in a research report on Thursday, July 27th. Finally, BMO Capital Markets increased their price objective on Constellium from $20.00 to $22.00 and gave the stock an "outperform" rating in a research report on Thursday, July 27th. Six investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company presently has a consensus rating of "Buy" and a consensus price target of $20.50.

View Our Latest Analysis on Constellium

NYSE CSTM opened at $16.93 on Monday. The stock's 50-day simple moving average is $17.48 and its two-hundred day simple moving average is $15.88. Constellium SE has a twelve month low of $9.82 and a twelve month high of $19.46. The company has a market capitalization of $2.44 billion, a price-to-earnings ratio of 11.52 and a beta of 1.85. The company has a quick ratio of 0.55, a current ratio of 1.21 and a debt-to-equity ratio of 2.27.

Constellium (NYSE:CSTM - Get Free Report) last announced its quarterly earnings data on Wednesday, July 26th. The industrial products company reported $0.35 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.39 by ($0.04). Constellium had a net margin of 2.64% and a return on equity of 28.20%. The company had revenue of $2.12 billion for the quarter, compared to the consensus estimate of $2.17 billion. Research analysts forecast that Constellium SE will post 1.17 EPS for the current fiscal year.

Constellium SE, together with its subsidiaries, engages in the design, manufacture, and sale of specialty rolled and extruded aluminum products for the packaging, aerospace, automotive, other transportation and industrial end-markets. The company operates through three segments: Packaging & Automotive Rolled Products, Aerospace & Transportation, and Automotive Structures & Industry.

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