Encompass Capital Advisors LLC Raises Holdings in Constellium SE $CSTM

Encompass Capital Advisors LLC lifted its stake in shares of Constellium SE (NYSE:CSTM) by 9.2% during the fourth quarter, HoldingsChannel.com reports. The fund owned 4,657,915 shares of the industrial products company’s stock after buying an additional 393,640 shares during the quarter. Constellium makes up approximately 3.6% of Encompass Capital Advisors LLC’s investment portfolio, making the stock its 7th biggest holding. Encompass Capital Advisors LLC’s holdings in Constellium were worth $87,802,000 as of its most recent filing with the SEC.

A number of other large investors have also recently modified their holdings of CSTM. Farther Finance Advisors LLC boosted its holdings in shares of Constellium by 6,985.7% in the fourth quarter. Farther Finance Advisors LLC now owns 1,488 shares of the industrial products company’s stock valued at $28,000 after purchasing an additional 1,467 shares during the period. EverSource Wealth Advisors LLC boosted its holdings in shares of Constellium by 578.6% in the third quarter. EverSource Wealth Advisors LLC now owns 2,348 shares of the industrial products company’s stock valued at $35,000 after purchasing an additional 2,002 shares during the period. Allworth Financial LP boosted its holdings in shares of Constellium by 52.5% in the fourth quarter. Allworth Financial LP now owns 2,074 shares of the industrial products company’s stock valued at $39,000 after purchasing an additional 714 shares during the period. GAMMA Investing LLC boosted its holdings in shares of Constellium by 29.7% in the fourth quarter. GAMMA Investing LLC now owns 3,089 shares of the industrial products company’s stock valued at $58,000 after purchasing an additional 707 shares during the period. Finally, Quarry LP boosted its holdings in shares of Constellium by 53.7% in the third quarter. Quarry LP now owns 5,610 shares of the industrial products company’s stock valued at $83,000 after purchasing an additional 1,960 shares during the period. Hedge funds and other institutional investors own 92.59% of the company’s stock.

Insider Buying and Selling at Constellium

In other news, CFO Jack Q. Guo sold 25,201 shares of the firm’s stock in a transaction dated Tuesday, May 5th. The shares were sold at an average price of $32.62, for a total value of $822,056.62. Following the sale, the chief financial officer directly owned 185,368 shares in the company, valued at approximately $6,046,704.16. This trade represents a 11.97% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Philip Ryan Jurkovic sold 48,784 shares of the firm’s stock in a transaction dated Friday, May 1st. The shares were sold at an average price of $32.01, for a total transaction of $1,561,575.84. Following the completion of the sale, the senior vice president owned 172,149 shares in the company, valued at $5,510,489.49. This represents a 22.08% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 195,153 shares of company stock worth $6,369,312. 1.20% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. UBS Group assumed coverage on Constellium in a report on Tuesday, May 5th. They issued a “buy” rating and a $38.00 price target for the company. Wells Fargo & Company boosted their price target on Constellium from $35.00 to $39.00 and gave the company an “overweight” rating in a report on Thursday, April 30th. BMO Capital Markets set a $32.00 price target on Constellium and gave the company an “outperform” rating in a report on Thursday, April 9th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $40.00 target price on shares of Constellium in a research report on Thursday, April 30th. Finally, JPMorgan Chase & Co. reissued a “neutral” rating and set a $34.00 target price (up from $30.00) on shares of Constellium in a research report on Thursday, April 30th. Two investment analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of $36.60.

Constellium Trading Down 1.4%

NYSE CSTM opened at $33.71 on Thursday. The company has a debt-to-equity ratio of 1.71, a quick ratio of 0.60 and a current ratio of 1.39. The company has a market capitalization of $4.59 billion, a price-to-earnings ratio of 10.91 and a beta of 1.55. The company’s 50-day simple moving average is $32.53 and its two-hundred day simple moving average is $25.99. Constellium SE has a one year low of $12.68 and a one year high of $36.99.

Constellium (NYSE:CSTM) last posted its earnings results on Wednesday, April 29th. The industrial products company reported $1.42 EPS for the quarter, beating analysts’ consensus estimates of $0.62 by $0.80. The business had revenue of $2.46 billion for the quarter, compared to the consensus estimate of $2.43 billion. Constellium had a net margin of 4.87% and a return on equity of 46.22%. The company’s revenue for the quarter was up 24.4% on a year-over-year basis. During the same quarter last year, the firm posted $0.26 EPS. Equities analysts forecast that Constellium SE will post 3.34 EPS for the current fiscal year.

Constellium announced that its board has authorized a share repurchase plan on Thursday, March 12th that permits the company to repurchase $300.00 million in outstanding shares. This repurchase authorization permits the industrial products company to purchase up to 8.8% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s board believes its shares are undervalued.

Constellium Company 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.