Constellium SE (NYSE:CSTM) Stock Holdings Cut by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. reduced its position in shares of Constellium SE (NYSE:CSTM) by 1.1% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,231,197 shares of the industrial products company’s stock after selling 13,498 shares during the quarter. Charles Schwab Investment Management Inc. owned about 0.85% of Constellium worth $24,575,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Covestor Ltd lifted its position in shares of Constellium by 12.2% during 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 during the last quarter. Spire Wealth Management lifted its position in shares of Constellium by 11.2% during the 3rd quarter. Spire Wealth Management now owns 10,338 shares of the industrial products company’s stock valued at $188,000 after acquiring an additional 1,042 shares during the last quarter. Highland Capital Management LLC acquired a new stake in shares of Constellium during the 4th quarter valued at $201,000. M&T Bank Corp acquired a new stake in shares of Constellium during the 4th quarter valued at $203,000. Finally, Teza Capital Management LLC purchased a new stake in shares of Constellium in the third quarter valued at $206,000. 92.59% of the stock is owned by institutional investors.

Constellium Price Performance

Shares of NYSE:CSTM opened at $21.22 on Friday. The company has a current ratio of 1.31, a quick ratio of 0.58 and a debt-to-equity ratio of 2.01. Constellium SE has a 1 year low of $14.12 and a 1 year high of $23.20. The business has a fifty day simple moving average of $20.99 and a 200 day simple moving average of $19.49. The firm has a market cap of $3.06 billion, a price-to-earnings ratio of 23.58 and a beta of 1.71.

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

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on CSTM. JPMorgan Chase & Co. reduced their target price on Constellium from $28.00 to $27.00 and set an “overweight” rating for the company in a report on Thursday, April 25th. Benchmark restated a “buy” rating and issued a $24.00 target price on shares of Constellium in a report on Friday, April 19th. Six equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of $25.40.

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.