Vanguard Group Inc. Sells 29,941 Shares of Constellium SE (NYSE:CSTM)

Vanguard Group Inc. trimmed its position in Constellium SE (NYSE:CSTM - Free Report) by 1.5% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,913,260 shares of the industrial products company's stock after selling 29,941 shares during the period. Vanguard Group Inc. owned about 1.30% of Constellium worth $19,649,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in CSTM. Geneos Wealth Management Inc. purchased a new position in Constellium during the fourth quarter valued at $31,000. Virtu Financial LLC purchased a new position in shares of Constellium during the 4th quarter valued at about $106,000. Cibc World Markets Corp bought a new position in shares of Constellium during the 4th quarter valued at approximately $124,000. Summit Global Investments purchased a new stake in Constellium in the 4th quarter worth approximately $145,000. Finally, Handelsbanken Fonder AB raised its stake in Constellium by 9.7% during the 4th quarter. Handelsbanken Fonder AB now owns 17,000 shares of the industrial products company's stock worth $175,000 after acquiring an additional 1,500 shares during the period. 92.59% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, Deutsche Bank Aktiengesellschaft raised shares of Constellium from a "hold" rating to a "buy" rating and set a $15.00 price objective for the company in a research note on Tuesday, February 25th.

Constellium Price Performance

Shares of Constellium stock traded down $0.01 on Tuesday, hitting $8.34. 1,631,213 shares of the company traded hands, compared to its average volume of 1,350,515. Constellium SE has a 52 week low of $7.33 and a 52 week high of $22.00. The business has a 50-day simple moving average of $10.15 and a 200 day simple moving average of $10.97. The company has a debt-to-equity ratio of 1.93, a quick ratio of 0.52 and a current ratio of 1.28. The stock has a market capitalization of $1.19 billion, a P/E ratio of 26.05 and a beta of 1.65.

Constellium (NYSE:CSTM - Get Free Report) 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 analysts' consensus estimates of $0.13 by ($0.47). Constellium had a net margin of 0.67% and a return on equity of 4.83%. The company had revenue of $1.72 billion during the quarter, compared to the consensus estimate of $1.69 billion. Research analysts expect that Constellium SE will post 1.1 earnings per share for the current fiscal year.

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.