Wellington Management Group LLP Purchases 17,171 Shares of Constellium SE (NYSE:CSTM)

Wellington Management Group LLP increased its position in Constellium SE (NYSE:CSTM) by 8.5% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 219,641 shares of the industrial products company’s stock after buying an additional 17,171 shares during the period. Wellington Management Group LLP owned about 0.15% of Constellium worth $4,384,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of the business. SummerHaven Investment Management LLC boosted its stake in shares of Constellium by 1.4% in the fourth quarter. SummerHaven Investment Management LLC now owns 40,926 shares of the industrial products company’s stock worth $817,000 after acquiring an additional 575 shares during the period. Xponance Inc. grew its holdings in Constellium by 5.6% during the 4th quarter. Xponance Inc. now owns 19,213 shares of the industrial products company’s stock valued at $383,000 after buying an additional 1,012 shares in the last quarter. Hohimer Wealth Management LLC raised its position in shares of Constellium by 2.4% during the fourth quarter. Hohimer Wealth Management LLC now owns 51,354 shares of the industrial products company’s stock valued at $1,025,000 after buying an additional 1,203 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. raised its position in shares of Constellium by 4.9% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 57,004 shares of the industrial products company’s stock valued at $1,138,000 after buying an additional 2,659 shares during the last quarter. Finally, Rhumbline Advisers lifted its holdings in shares of Constellium by 3.7% in the third quarter. Rhumbline Advisers now owns 188,640 shares of the industrial products company’s stock worth $3,433,000 after buying an additional 6,779 shares in the last quarter. Hedge funds and other institutional investors own 92.59% of the company’s stock.

Analyst Ratings Changes

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

Constellium Stock Performance

Shares of NYSE:CSTM opened at $18.85 on Friday. The firm has a fifty day simple moving average of $20.51 and a two-hundred day simple moving average of $20.05. The company has a quick ratio of 0.58, a current ratio of 1.31 and a debt-to-equity ratio of 2.01. The stock has a market capitalization of $2.72 billion, a P/E ratio of 20.94 and a beta of 1.69. Constellium SE has a 52 week low of $14.12 and a 52 week high of $23.20.

Constellium (NYSE:CSTM) last issued its quarterly earnings data on Wednesday, April 24th. The industrial products company reported $0.12 earnings per share for the quarter, missing the consensus estimate of $0.27 by ($0.15). The company had revenue of $1.88 billion for the quarter, compared to the consensus estimate of $1.71 billion. Constellium had a return on equity of 15.68% and a net margin of 1.73%. On average, analysts expect that Constellium SE will post 1.77 earnings per share 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.