Algert Global LLC Purchases 249,020 Shares of Constellium SE $CSTM

Algert Global LLC lifted its position in Constellium SE (NYSE:CSTM) by 71.8% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 595,676 shares of the industrial products company’s stock after buying an additional 249,020 shares during the period. Algert Global LLC owned approximately 0.43% of Constellium worth $8,864,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Alliancebernstein L.P. lifted its position in Constellium by 1.0% during the third quarter. Alliancebernstein L.P. now owns 157,750 shares of the industrial products company’s stock valued at $2,347,000 after acquiring an additional 1,500 shares during the last quarter. Schonfeld Strategic Advisors LLC grew its holdings in Constellium by 617.6% in the third quarter. Schonfeld Strategic Advisors LLC now owns 176,821 shares of the industrial products company’s stock worth $2,631,000 after purchasing an additional 152,181 shares during the last quarter. Creative Planning increased its position in shares of Constellium by 25.8% during the third quarter. Creative Planning now owns 166,502 shares of the industrial products company’s stock worth $2,478,000 after purchasing an additional 34,172 shares in the last quarter. SummitTX Capital L.P. lifted its holdings in shares of Constellium by 4.8% during the 3rd quarter. SummitTX Capital L.P. now owns 560,909 shares of the industrial products company’s stock valued at $8,346,000 after purchasing an additional 25,483 shares during the last quarter. Finally, Hotchkis & Wiley Capital Management LLC lifted its holdings in shares of Constellium by 18.0% during the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 453,580 shares of the industrial products company’s stock valued at $6,749,000 after purchasing an additional 69,210 shares during the last quarter. Institutional investors own 92.59% of the company’s stock.

Insider Transactions at Constellium

In related news, SVP Philip Ryan Jurkovic sold 29,900 shares of the stock in a transaction on Tuesday, March 10th. The shares were sold at an average price of $25.87, for a total transaction of $773,513.00. Following the completion of the sale, the senior vice president owned 210,723 shares in the company, valued at $5,451,404.01. This represents a 12.43% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Nicolas Brun sold 17,701 shares of Constellium stock in a transaction that occurred on Monday, March 9th. The shares were sold at an average price of $24.67, for a total value of $436,683.67. Following the completion of the transaction, the senior vice president owned 103,466 shares in the company, valued at $2,552,506.22. This trade represents a 14.61% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 214,543 shares of company stock valued at $5,565,129 over the last ninety days. Company insiders own 1.54% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on CSTM shares. JPMorgan Chase & Co. boosted their target price on Constellium from $26.00 to $29.00 and gave the stock an “overweight” rating in a research note on Thursday, February 19th. Deutsche Bank Aktiengesellschaft boosted their price target on Constellium from $25.00 to $28.00 and gave the stock a “buy” rating in a research note on Thursday, February 19th. BMO Capital Markets upped their price objective on shares of Constellium from $25.00 to $30.00 and gave the company an “outperform” rating in a report on Wednesday, February 18th. Zacks Research raised shares of Constellium from a “hold” rating to a “strong-buy” rating in a research report on Friday, February 20th. Finally, Wells Fargo & Company lifted their target price on shares of Constellium from $25.00 to $29.00 and gave the stock an “overweight” rating in a research note on Thursday, February 19th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Constellium presently has a consensus rating of “Buy” and an average price target of $29.00.

Constellium Price Performance

Constellium stock opened at $25.32 on Tuesday. The stock has a market cap of $3.42 billion, a P/E ratio of 13.12 and a beta of 1.48. The company has a current ratio of 1.29, a quick ratio of 0.51 and a debt-to-equity ratio of 1.96. The company has a 50-day moving average price of $23.85 and a 200 day moving average price of $18.93. Constellium SE has a 12-month low of $7.32 and a 12-month high of $27.41.

Constellium (NYSE:CSTM) last posted its earnings results on Wednesday, February 18th. The industrial products company reported $0.80 EPS for the quarter, beating analysts’ consensus estimates of $0.36 by $0.44. Constellium had a net margin of 3.23% and a return on equity of 32.14%. The company had revenue of $2.20 billion for the quarter, compared to analysts’ expectations of $2.05 billion. During the same quarter in the prior year, the company posted ($0.34) earnings per share. Constellium’s revenue for the quarter was up 27.9% compared to the same quarter last year. Sell-side analysts anticipate that Constellium SE will post 1.1 earnings per share for the current year.

Constellium declared that its Board of Directors has authorized a stock repurchase program on Thursday, March 12th that authorizes the company to buyback $300.00 million in outstanding shares. This buyback authorization authorizes the industrial products company to repurchase up to 8.8% of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s management believes its stock is undervalued.

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.