Deutsche Bank AG Acquires 31,713 Shares of Constellium SE (NYSE:CSTM)

Deutsche Bank AG boosted its holdings in shares of Constellium SE (NYSE:CSTM) by 33.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 125,389 shares of the industrial products company’s stock after purchasing an additional 31,713 shares during the quarter. Deutsche Bank AG owned about 0.09% of Constellium worth $1,288,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in the business. Geneos Wealth Management Inc. bought a new stake in shares of Constellium in the 4th quarter worth about $31,000. New Age Alpha Advisors LLC bought a new position in shares of Constellium in the 4th quarter valued at about $70,000. Quadrant Capital Group LLC grew its position in Constellium by 25.8% in the fourth quarter. Quadrant Capital Group LLC now owns 8,024 shares of the industrial products company’s stock worth $82,000 after acquiring an additional 1,645 shares in the last quarter. Virtu Financial LLC bought a new stake in Constellium during the fourth quarter worth approximately $106,000. Finally, Mariner LLC bought a new stake in Constellium during the fourth quarter worth approximately $107,000. 92.59% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, Deutsche Bank Aktiengesellschaft upgraded shares of Constellium from a “hold” rating to a “buy” rating and set a $15.00 target price for the company in a report on Tuesday, February 25th.

Constellium Price Performance

Shares of NYSE CSTM opened at $11.66 on Monday. Constellium SE has a 52 week low of $7.33 and a 52 week high of $22.00. The business’s 50 day moving average price is $10.17 and its 200 day moving average price is $10.64. The company has a quick ratio of 0.52, a current ratio of 1.28 and a debt-to-equity ratio of 1.93. The firm has a market cap of $1.67 billion, a P/E ratio of 36.44 and a beta of 1.65.

Constellium (NYSE:CSTM) last issued its quarterly earnings data on Wednesday, April 30th. The industrial products company reported $0.26 EPS for the quarter, topping analysts’ consensus estimates of $0.07 by $0.19. The business had revenue of $1.98 billion for the quarter, compared to analysts’ expectations of $1.88 billion. Constellium had a net margin of 0.67% and a return on equity of 4.83%. The business’s revenue was up 5.3% on a year-over-year basis. During the same quarter last year, the company earned $0.11 EPS. On average, sell-side analysts expect that Constellium SE will post 1.1 earnings per share for the current year.

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.