Janus Henderson Group PLC Reduces Stock Holdings in Constellium SE (NYSE:CSTM)

Janus Henderson Group PLC reduced its stake in shares of Constellium SE (NYSE:CSTM) by 0.3% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 10,323,364 shares of the industrial products company’s stock after selling 29,932 shares during the period. Janus Henderson Group PLC owned approximately 0.07% of Constellium worth $228,250,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of CSTM. Vanguard Group Inc. raised its holdings in shares of Constellium by 0.7% during the 3rd quarter. Vanguard Group Inc. now owns 1,236,435 shares of the industrial products company’s stock valued at $22,503,000 after buying an additional 8,350 shares during the period. SG Americas Securities LLC increased its holdings in Constellium by 124.5% during the 4th quarter. SG Americas Securities LLC now owns 27,417 shares of the industrial products company’s stock worth $547,000 after purchasing an additional 15,202 shares during the last quarter. DekaBank Deutsche Girozentrale acquired a new position in shares of Constellium in the 4th quarter worth approximately $2,024,000. Mirae Asset Global Investments Co. Ltd. grew its position in shares of Constellium by 4.9% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 57,004 shares of the industrial products company’s stock worth $1,138,000 after acquiring an additional 2,659 shares in the last quarter. Finally, Vaughan Nelson Investment Management L.P. grew its position in shares of Constellium by 84.8% in the 4th quarter. Vaughan Nelson Investment Management L.P. now owns 2,598,159 shares of the industrial products company’s stock worth $51,860,000 after acquiring an additional 1,192,105 shares in the last quarter. 92.59% of the stock is currently owned by hedge funds and other institutional investors.

Constellium Stock Performance

NYSE:CSTM traded up $0.01 during midday trading on Tuesday, reaching $17.22. 1,650,191 shares of the company traded hands, compared to its average volume of 949,855. Constellium SE has a twelve month low of $14.12 and a twelve month high of $23.20. The firm has a market capitalization of $2.48 billion, a price-to-earnings ratio of 19.13 and a beta of 1.60. The company has a debt-to-equity ratio of 1.89, a current ratio of 1.33 and a quick ratio of 0.60. The company has a fifty day moving average price of $19.71 and a 200 day moving average price of $19.94.

Constellium (NYSE:CSTM) last announced its earnings results on Tuesday, July 23rd. The industrial products company reported $0.48 earnings per share for the quarter, beating the consensus estimate of $0.43 by $0.05. The firm had revenue of $1.80 billion for the quarter, compared to the consensus estimate of $1.89 billion. Constellium had a return on equity of 17.59% and a net margin of 2.35%. The firm’s revenue for the quarter was down 7.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.35 EPS. On average, analysts expect that Constellium SE will post 1.6 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on CSTM. JPMorgan Chase & Co. decreased their target price on Constellium from $27.00 to $26.00 and set an “overweight” rating for the company in a research report on Thursday, July 11th. Benchmark reiterated a “buy” rating and issued a $24.00 target price on shares of Constellium in a research report on Friday, April 19th. BMO Capital Markets decreased their target price on Constellium from $25.00 to $24.00 and set an “outperform” rating for the company in a research report on Wednesday, July 24th. Finally, Deutsche Bank Aktiengesellschaft reduced their price objective on Constellium from $24.50 to $24.00 and set a “buy” rating for the company in a research report on Tuesday, July 16th. Six analysts have rated the stock with a buy rating, According to data from MarketBeat, the company currently has an average rating of “Buy” and an average target price of $25.00.

Constellium Company 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.