Cohen & Steers Inc. Grows Position in Constellium SE (NYSE:CSTM)

Cohen & Steers Inc. raised its holdings in Constellium SE (NYSE:CSTM) by 26.2% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 123,568 shares of the industrial products company’s stock after acquiring an additional 25,659 shares during the period. Cohen & Steers Inc. owned approximately 0.09% of Constellium worth $2,466,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Covestor Ltd raised its holdings in shares of Constellium by 12.2% in the 3rd quarter. Covestor Ltd now owns 6,564 shares of the industrial products company’s stock valued at $119,000 after acquiring an additional 716 shares in the last quarter. Highland Capital Management LLC purchased a new position in shares of Constellium during the 4th quarter valued at about $201,000. M&T Bank Corp purchased a new position in shares of Constellium during the 4th quarter valued at about $203,000. Teza Capital Management LLC purchased a new position in shares of Constellium during the 3rd quarter valued at about $206,000. Finally, Capstone Investment Advisors LLC purchased a new position in shares of Constellium during the 4th quarter valued at about $382,000. Hedge funds and other institutional investors own 92.59% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the company. JPMorgan Chase & Co. decreased their price objective on Constellium from $28.00 to $27.00 and set an “overweight” rating on the stock in a report on Thursday, April 25th. Benchmark reissued a “buy” rating and set a $24.00 price objective on shares of Constellium in a report on Friday, April 19th. Six investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of $25.40.

Constellium Price Performance

CSTM opened at $20.56 on Thursday. The stock’s 50 day simple moving average is $20.96 and its 200 day simple moving average is $19.86. The company has a debt-to-equity ratio of 2.01, a current ratio of 1.31 and a quick ratio of 0.58. Constellium SE has a 1 year low of $14.12 and a 1 year high of $23.20. The firm has a market cap of $2.97 billion, a price-to-earnings ratio of 22.70 and a beta of 1.69.

Constellium (NYSE:CSTM) last posted its quarterly earnings results on Wednesday, April 24th. The industrial products company reported $0.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.27 by ($0.15). Constellium had a return on equity of 15.68% and a net margin of 1.73%. The company had revenue of $1.88 billion for the quarter, compared to the consensus estimate of $1.71 billion. As a group, analysts predict that Constellium SE will post 1.77 earnings per share for the current year.

About Constellium

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.