Boston Partners Purchases 28,097 Shares of Constellium SE (NYSE:CSTM)

Boston Partners boosted its position in Constellium SE (NYSE:CSTM) by 27.2% in the fourth quarter, HoldingsChannel reports. The firm owned 131,272 shares of the industrial products company’s stock after buying an additional 28,097 shares during the quarter. Boston Partners’ holdings in Constellium were worth $1,348,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in CSTM. Mountaineer Partners Management LLC boosted its stake in shares of Constellium by 1,683.0% in the 3rd quarter. Mountaineer Partners Management LLC now owns 8,928,919 shares of the industrial products company’s stock worth $145,184,000 after buying an additional 8,428,150 shares during the last quarter. Thrivent Financial for Lutherans lifted its holdings in Constellium by 242.7% during the fourth quarter. Thrivent Financial for Lutherans now owns 1,522,400 shares of the industrial products company’s stock worth $15,636,000 after acquiring an additional 1,078,196 shares during the period. Empowered Funds LLC purchased a new position in Constellium in the fourth quarter worth $5,856,000. FMR LLC grew its stake in Constellium by 3.4% in the 3rd quarter. FMR LLC now owns 14,681,988 shares of the industrial products company’s stock valued at $238,729,000 after purchasing an additional 484,011 shares during the period. Finally, Kailix Advisors LLC increased its position in shares of Constellium by 25.6% during the 4th quarter. Kailix Advisors LLC now owns 2,085,187 shares of the industrial products company’s stock valued at $21,415,000 after purchasing an additional 424,779 shares during the last quarter. Hedge funds and other institutional investors own 92.59% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Deutsche Bank Aktiengesellschaft raised shares of Constellium from a “hold” rating to a “buy” rating and set a $15.00 price target on the stock in a report on Tuesday, February 25th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, Constellium currently has a consensus rating of “Moderate Buy” and a consensus price target of $20.25.

Constellium Price Performance

Shares of NYSE CSTM opened at $11.35 on Friday. The company has a current ratio of 1.28, a quick ratio of 0.52 and a debt-to-equity ratio of 1.93. The stock has a fifty day simple moving average of $10.60 and a two-hundred day simple moving average of $12.13. Constellium SE has a 1-year low of $9.04 and a 1-year high of $23.20. The firm has a market cap of $1.63 billion, a price-to-earnings ratio of 35.46 and a beta of 1.64.

Constellium (NYSE:CSTM) last posted its quarterly earnings results on Thursday, February 20th. The industrial products company reported ($0.34) earnings per share for the quarter, missing the consensus estimate of $0.13 by ($0.47). Constellium had a return on equity of 4.83% and a net margin of 0.67%. The firm had revenue of $1.72 billion for the quarter, compared to the consensus estimate of $1.69 billion. Analysts anticipate that Constellium SE will post 1.1 earnings per share for the current year.

Constellium 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.