Bank of New York Mellon Corp Sells 22,310 Shares of Constellium SE (NYSE:CSTM)

Bank of New York Mellon Corp reduced its holdings in shares of Constellium SE (NYSE:CSTM) by 4.5% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 468,614 shares of the industrial products company’s stock after selling 22,310 shares during the quarter. Bank of New York Mellon Corp’s holdings in Constellium were worth $4,813,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Victory Capital Management Inc. raised its stake in Constellium by 15.6% during the third quarter. Victory Capital Management Inc. now owns 823,290 shares of the industrial products company’s stock worth $13,387,000 after acquiring an additional 111,390 shares in the last quarter. Maverick Capital Ltd. acquired a new position in Constellium during the 3rd quarter worth approximately $1,372,000. State of Alaska Department of Revenue bought a new position in Constellium in the 4th quarter valued at approximately $1,386,000. Barclays PLC boosted its position in Constellium by 476.1% in the third quarter. Barclays PLC now owns 336,569 shares of the industrial products company’s stock valued at $5,473,000 after buying an additional 278,149 shares in the last quarter. Finally, Thrivent Financial for Lutherans bought a new stake in shares of Constellium during the third quarter worth $7,223,000. 92.59% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

Constellium Stock Performance

Constellium stock opened at $12.29 on Tuesday. The business has a 50 day moving average of $10.50 and a 200-day moving average of $12.24. The company has a debt-to-equity ratio of 1.93, a current ratio of 1.28 and a quick ratio of 0.52. Constellium SE has a 1 year low of $9.04 and a 1 year high of $23.20. The company has a market capitalization of $1.76 billion, a P/E ratio of 38.39 and a beta of 1.64.

Constellium (NYSE:CSTM) last announced its quarterly earnings results on Thursday, February 20th. The industrial products company reported ($0.34) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.13 by ($0.47). The business had revenue of $1.72 billion during the quarter, compared to analyst estimates of $1.69 billion. Constellium had a net margin of 0.67% and a return on equity of 4.83%. On average, equities research analysts predict that Constellium SE will post 1.1 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.