Aberdeen Group plc Sells 45,200 Shares of Constellium SE $CSTM

Aberdeen Group plc lessened its holdings in shares of Constellium SE (NYSE:CSTM) by 28.7% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 112,533 shares of the industrial products company’s stock after selling 45,200 shares during the period. Aberdeen Group plc owned 0.08% of Constellium worth $1,691,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the business. KBC Group NV bought a new stake in Constellium during the second quarter worth about $56,000. EMC Capital Management purchased a new position in shares of Constellium during the second quarter valued at approximately $135,000. PharVision Advisers LLC bought a new stake in shares of Constellium in the 2nd quarter worth approximately $147,000. Principal Financial Group Inc. bought a new stake in shares of Constellium in the 3rd quarter worth approximately $154,000. Finally, Magnetar Financial LLC purchased a new stake in shares of Constellium in the 2nd quarter worth approximately $168,000. 92.59% of the stock is currently owned by institutional investors.

Constellium Stock Performance

CSTM stock opened at $25.40 on Friday. The company has a debt-to-equity ratio of 2.29, a current ratio of 1.28 and a quick ratio of 0.54. Constellium SE has a 1 year low of $7.32 and a 1 year high of $27.25. The company has a market cap of $3.50 billion, a P/E ratio of 13.16 and a beta of 1.51. The stock’s fifty day moving average price is $21.74 and its 200-day moving average price is $17.63.

Constellium (NYSE:CSTM) last posted its earnings results on Wednesday, February 18th. The industrial products company reported $0.80 earnings per share for the quarter, beating analysts’ consensus estimates of $0.36 by $0.44. Constellium had a return on equity of 33.74% and a net margin of 3.23%.The company had revenue of $2.20 billion for the quarter, compared to the consensus estimate of $2.05 billion. During the same quarter in the prior year, the company earned ($0.34) earnings per share. Constellium’s revenue was up 27.9% on a year-over-year basis. On average, equities analysts forecast that Constellium SE will post 1.1 earnings per share for the current year.

Analysts Set New Price Targets

Several equities research analysts have commented on the company. JPMorgan Chase & Co. boosted their target price on Constellium from $26.00 to $29.00 and gave the stock an “overweight” rating in a report on Thursday. Deutsche Bank Aktiengesellschaft upped their price target on shares of Constellium from $25.00 to $28.00 and gave the stock a “buy” rating in a research note on Thursday. BMO Capital Markets raised their price objective on shares of Constellium from $25.00 to $30.00 and gave the company an “outperform” rating in a research note on Wednesday. Zacks Research upgraded shares of Constellium from a “strong sell” rating to a “hold” rating in a research note on Friday, October 31st. Finally, Wall Street Zen raised shares of Constellium from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, November 4th. Four analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $29.00.

Constellium Profile

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.