TD Waterhouse Canada Inc. Invests $5.58 Million in Constellium SE $CSTM

TD Waterhouse Canada Inc. acquired a new stake in shares of Constellium SE (NYSE:CSTM) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 184,316 shares of the industrial products company’s stock, valued at approximately $5,582,000. TD Waterhouse Canada Inc. owned approximately 0.14% of Constellium as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Ethic Inc. boosted its stake in shares of Constellium by 1.6% during the 4th quarter. Ethic Inc. now owns 29,283 shares of the industrial products company’s stock valued at $552,000 after buying an additional 456 shares during the period. Mackenzie Financial Corp increased its stake in shares of Constellium by 0.4% in the fourth quarter. Mackenzie Financial Corp now owns 132,642 shares of the industrial products company’s stock worth $2,511,000 after acquiring an additional 512 shares during the last quarter. Summit Global Investments increased its stake in shares of Constellium by 1.7% in the first quarter. Summit Global Investments now owns 33,799 shares of the industrial products company’s stock worth $831,000 after acquiring an additional 554 shares during the last quarter. Moran Wealth Management LLC raised its holdings in shares of Constellium by 6.7% during the first quarter. Moran Wealth Management LLC now owns 11,025 shares of the industrial products company’s stock worth $271,000 after acquiring an additional 692 shares in the last quarter. Finally, Allworth Financial LP raised its holdings in shares of Constellium by 52.5% during the fourth quarter. Allworth Financial LP now owns 2,074 shares of the industrial products company’s stock worth $39,000 after acquiring an additional 714 shares in the last quarter. Institutional investors and hedge funds own 92.59% of the company’s stock.

Insider Buying and Selling

In related news, Director Jean-Christophe Deslarzes purchased 1,490 shares of the stock in a transaction on Monday, August 3rd. The shares were bought at an average price of $27.24 per share, for a total transaction of $40,587.60. Following the completion of the acquisition, the director directly owned 43,515 shares in the company, valued at approximately $1,185,348.60. This trade represents a 3.55% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.20% of the stock is currently owned by company insiders.

Constellium Price Performance

Shares of NYSE:CSTM opened at $27.17 on Monday. The stock has a market capitalization of $3.68 billion, a P/E ratio of 7.00 and a beta of 1.55. The business has a 50-day moving average of $28.63 and a two-hundred day moving average of $29.40. Constellium SE has a fifty-two week low of $13.60 and a fifty-two week high of $36.99. The company has a debt-to-equity ratio of 1.50, a current ratio of 1.43 and a quick ratio of 0.61.

Constellium (NYSE:CSTM) last issued its quarterly earnings data on Wednesday, July 29th. The industrial products company reported $1.04 EPS for the quarter, beating analysts’ consensus estimates of $0.86 by $0.18. Constellium had a return on equity of 51.66% and a net margin of 5.69%.The business had revenue of $2.75 billion for the quarter, compared to analyst estimates of $2.73 billion. During the same quarter in the prior year, the firm posted $0.25 EPS. The firm’s revenue for the quarter was up 30.7% on a year-over-year basis. On average, equities research analysts predict that Constellium SE will post 3.7 EPS for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have commented on CSTM. Zacks Research downgraded Constellium from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 29th. UBS Group lowered their price target on Constellium from $38.00 to $35.00 and set a “buy” rating for the company in a research note on Wednesday, July 8th. Deutsche Bank Aktiengesellschaft set a $39.00 price objective on Constellium in a report on Thursday, July 30th. Weiss Ratings lowered shares of Constellium from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, July 1st. Finally, Wells Fargo & Company boosted their target price on shares of Constellium from $37.00 to $39.00 and gave the stock an “overweight” rating in a research report on Thursday, July 30th. Four research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $35.80.

Constellium Profile

Constellium SE is a global leader in the design and manufacture of high-performance aluminum products and solutions. The company serves key markets including aerospace, automotive, and packaging, offering advanced rolled and extruded aluminum sheet, plate and structural components. Its product portfolio encompasses precision-engineered parts for commercial and military aircraft, automotive body structures and closures, beverage and specialty packaging, as well as industrial and structural applications.

Established in 2011 through the consolidation of Rio Tinto Alcan’s rolled-products and engineered-products businesses, Constellium has built a reputation for innovation in lightweighting and sustainability.