Northern Trust Corp Decreases Stake in Constellium SE $CSTM

Northern Trust Corp decreased its position in Constellium SE (NYSE:CSTM) by 0.6% in the 1st quarter, HoldingsChannel reports. The institutional investor owned 907,639 shares of the industrial products company’s stock after selling 5,589 shares during the period. Northern Trust Corp’s holdings in Constellium were worth $9,158,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the stock. Allspring Global Investments Holdings LLC grew its stake in Constellium by 51.5% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 51,966 shares of the industrial products company’s stock valued at $526,000 after buying an additional 17,655 shares in the last quarter. GAMMA Investing LLC grew its stake in Constellium by 2,485.6% in the 1st quarter. GAMMA Investing LLC now owns 2,689 shares of the industrial products company’s stock valued at $27,000 after buying an additional 2,585 shares in the last quarter. Ameriprise Financial Inc. grew its stake in Constellium by 40.0% in the 4th quarter. Ameriprise Financial Inc. now owns 122,672 shares of the industrial products company’s stock valued at $1,260,000 after buying an additional 35,080 shares in the last quarter. Deutsche Bank AG grew its stake in Constellium by 33.9% in the 4th quarter. Deutsche Bank AG now owns 125,389 shares of the industrial products company’s stock valued at $1,288,000 after buying an additional 31,713 shares in the last quarter. Finally, Parallel Advisors LLC grew its stake in Constellium by 519.2% in the 1st quarter. Parallel Advisors LLC now owns 4,941 shares of the industrial products company’s stock valued at $50,000 after buying an additional 4,143 shares in the last quarter. Hedge funds and other institutional investors own 92.59% of the company’s stock.

Constellium Stock Up 4.3%

Constellium stock opened at $14.55 on Friday. Constellium SE has a 1-year low of $7.32 and a 1-year high of $17.27. The firm has a market capitalization of $2.03 billion, a price-to-earnings ratio of 76.56 and a beta of 1.70. The company has a current ratio of 1.23, a quick ratio of 0.53 and a debt-to-equity ratio of 2.47. The firm has a 50 day simple moving average of $14.05 and a 200 day simple moving average of $12.14.

Constellium (NYSE:CSTM) last announced its quarterly earnings results on Tuesday, July 29th. The industrial products company reported $0.25 EPS for the quarter, missing the consensus estimate of $0.28 by ($0.03). Constellium had a net margin of 0.37% and a return on equity of 3.43%. The firm had revenue of $2.10 billion during the quarter, compared to the consensus estimate of $2.08 billion. On average, analysts predict that Constellium SE will post 1.1 earnings per share 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.