Raymond James & Associates Reduces Holdings in Constellium SE (NYSE:CSTM)

Raymond James & Associates lessened its position in Constellium SE (NYSE:CSTM) by 58.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 21,836 shares of the industrial products company’s stock after selling 31,246 shares during the quarter. Raymond James & Associates’ holdings in Constellium were worth $436,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. FMR LLC grew its position in Constellium by 1.7% in the 3rd quarter. FMR LLC now owns 14,681,988 shares of the industrial products company’s stock valued at $267,212,000 after acquiring an additional 251,829 shares during the last quarter. Jump Financial LLC grew its holdings in shares of Constellium by 155.7% in the third quarter. Jump Financial LLC now owns 93,110 shares of the industrial products company’s stock worth $1,695,000 after purchasing an additional 56,701 shares during the last quarter. Vaughan Nelson Investment Management L.P. increased its stake in Constellium by 167.2% in the 3rd quarter. Vaughan Nelson Investment Management L.P. now owns 1,406,054 shares of the industrial products company’s stock worth $25,590,000 after buying an additional 879,922 shares during the period. Highland Peak Capital LLC lifted its holdings in Constellium by 28.4% during the 3rd quarter. Highland Peak Capital LLC now owns 1,606,024 shares of the industrial products company’s stock valued at $29,230,000 after buying an additional 355,375 shares in the last quarter. Finally, Jennison Associates LLC lifted its holdings in Constellium by 2.5% during the 3rd quarter. Jennison Associates LLC now owns 5,678,571 shares of the industrial products company’s stock valued at $103,350,000 after buying an additional 136,338 shares in the last quarter. Institutional investors own 92.59% of the company’s stock.

Constellium Trading Up 1.6 %

CSTM opened at $20.69 on Friday. Constellium SE has a 12 month low of $13.77 and a 12 month high of $23.20. The stock has a fifty day moving average price of $20.59 and a 200-day moving average price of $18.92. The firm has a market cap of $2.99 billion, a price-to-earnings ratio of 22.99 and a beta of 1.71. The company has a current ratio of 1.31, a quick ratio of 0.52 and a debt-to-equity ratio of 2.10.

Constellium (NYSE:CSTM) last announced its earnings results on Wednesday, April 24th. The industrial products company reported $0.12 EPS for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.15). Constellium had a return on equity of 15.90% and a net margin of 1.73%. The firm had revenue of $1.88 billion during the quarter, compared to the consensus estimate of $1.71 billion. As a group, equities research analysts anticipate that Constellium SE will post 1.9 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

CSTM has been the topic of a number of research reports. JPMorgan Chase & Co. reduced their target price on shares of Constellium from $28.00 to $27.00 and set an “overweight” rating on the stock in a research report on Thursday. UBS Group initiated coverage on Constellium in a research report on Tuesday, January 16th. They set a “buy” rating and a $27.00 price target on the stock. Benchmark restated a “buy” rating and set a $24.00 price target on shares of Constellium in a research note on Friday, April 19th. Finally, Deutsche Bank Aktiengesellschaft upped their price objective on shares of Constellium from $21.00 to $24.00 and gave the stock a “buy” rating in a research note on Tuesday, January 23rd. Six analysts have rated the stock with a buy rating, Based on data from MarketBeat, Constellium presently has an average rating of “Buy” and an average target price of $25.40.

Constellium Company Profile

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