Charles Schwab Investment Management Inc. Has $18.81 Million Stock Holdings in Constellium SE (NYSE:CSTM)

Charles Schwab Investment Management Inc. lowered its stake in Constellium SE (NYSE:CSTM) by 5.4% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 1,157,015 shares of the industrial products company’s stock after selling 66,416 shares during the period. Charles Schwab Investment Management Inc. owned approximately 0.80% of Constellium worth $18,813,000 as of its most recent filing with the SEC.

A number of other large investors also recently made changes to their positions in the company. Massachusetts Financial Services Co. MA raised its position in shares of Constellium by 218.5% in the third quarter. Massachusetts Financial Services Co. MA now owns 109,643 shares of the industrial products company’s stock valued at $1,783,000 after buying an additional 75,221 shares in the last quarter. Intech Investment Management LLC bought a new position in Constellium in the 3rd quarter valued at about $594,000. Advisors Asset Management Inc. raised its position in shares of Constellium by 4.5% in the 3rd quarter. Advisors Asset Management Inc. now owns 25,001 shares of the industrial products company’s stock valued at $407,000 after buying an additional 1,079 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of Constellium during the 3rd quarter worth approximately $221,000. Finally, Thrivent Financial for Lutherans acquired a new stake in shares of Constellium during the 3rd quarter worth approximately $7,223,000. Institutional investors own 92.59% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have commented on the stock. JPMorgan Chase & Co. lowered their price objective on shares of Constellium from $25.00 to $24.00 and set an “overweight” rating for the company in a research report on Friday, October 11th. BMO Capital Markets lowered their target price on Constellium from $22.00 to $18.00 and set an “outperform” rating for the company in a research note on Thursday, October 24th. StockNews.com downgraded shares of Constellium from a “buy” rating to a “hold” rating in a research note on Thursday, October 24th. Finally, Deutsche Bank Aktiengesellschaft cut shares of Constellium from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $22.00 to $12.00 in a research report on Thursday, October 24th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $21.00.

Constellium Price Performance

Constellium stock opened at $11.72 on Friday. The stock has a 50-day moving average price of $12.87 and a two-hundred day moving average price of $16.29. Constellium SE has a 12 month low of $10.49 and a 12 month high of $23.20. The company has a market capitalization of $1.69 billion, a PE ratio of 15.84 and a beta of 1.65. The company has a current ratio of 1.28, a quick ratio of 0.52 and a debt-to-equity ratio of 1.93.

Constellium (NYSE:CSTM) last issued its quarterly earnings data on Wednesday, October 23rd. The industrial products company reported $0.02 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.38). Constellium had a net margin of 1.47% and a return on equity of 10.83%. The business had revenue of $1.64 billion during the quarter, compared to the consensus estimate of $1.80 billion. During the same quarter last year, the business earned $0.47 EPS. The firm’s quarterly revenue was down 4.7% compared to the same quarter last year. Analysts expect that Constellium SE will post 0.71 EPS for the current 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.