Intech Investment Management LLC Acquires 41,029 Shares of Constellium SE (NYSE:CSTM)

Intech Investment Management LLC increased its holdings in shares of Constellium SE (NYSE:CSTM) by 112.3% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 77,563 shares of the industrial products company’s stock after acquiring an additional 41,029 shares during the period. Intech Investment Management LLC owned about 0.05% of Constellium worth $797,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of CSTM. Advisors Asset Management Inc. boosted its stake in shares of Constellium by 4.5% during the third quarter. Advisors Asset Management Inc. now owns 25,001 shares of the industrial products company’s stock valued at $407,000 after purchasing an additional 1,079 shares during the period. Quantinno Capital Management LP boosted its position in Constellium by 9.1% in the 3rd quarter. Quantinno Capital Management LP now owns 13,899 shares of the industrial products company’s stock valued at $226,000 after buying an additional 1,162 shares during the period. Handelsbanken Fonder AB boosted its position in Constellium by 9.7% in the 4th quarter. Handelsbanken Fonder AB now owns 17,000 shares of the industrial products company’s stock valued at $175,000 after buying an additional 1,500 shares during the period. Quarry LP grew its stake in Constellium by 45.3% in the 3rd quarter. Quarry LP now owns 7,296 shares of the industrial products company’s stock worth $119,000 after acquiring an additional 2,273 shares in the last quarter. Finally, Geneos Wealth Management Inc. purchased a new position in shares of Constellium during the fourth quarter worth approximately $31,000. Hedge funds and other institutional investors own 92.59% of the company’s stock.

Analysts Set New Price Targets

Separately, Deutsche Bank Aktiengesellschaft raised Constellium from a “hold” rating to a “buy” rating and set a $15.00 price objective on the stock 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 stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $20.25.

Constellium Stock Down 3.5 %

NYSE:CSTM opened at $11.35 on Monday. 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 50-day moving average of $10.60 and a 200 day moving average of $12.10. The firm has a market cap of $1.63 billion, a PE ratio of 35.46 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 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 analysts’ expectations of $1.69 billion. Constellium had a return on equity of 4.83% and a net margin of 0.67%. As a group, research analysts anticipate that Constellium SE will post 1.1 EPS for the current fiscal 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.