Shell Asset Management Co. maintained its position in Celestica Inc. (NYSE:CLS) during the second quarter, Holdings Channel reports. The fund owned 13,122 shares of the company’s stock at the end of the second quarter. Shell Asset Management Co.’s holdings in Celestica were worth $158,000 at the end of the most recent reporting period.
A number of other institutional investors also recently added to or reduced their stakes in CLS. Aperio Group LLC boosted its position in Celestica by 9.1% in the first quarter. Aperio Group LLC now owns 102,356 shares of the company’s stock worth $1,124,000 after buying an additional 8,579 shares during the period. Canada Pension Plan Investment Board boosted its position in Celestica by 12.0% in the first quarter. Canada Pension Plan Investment Board now owns 432,800 shares of the company’s stock worth $4,772,000 after buying an additional 46,400 shares during the period. 1832 Asset Management L.P. boosted its position in Celestica by 33.9% in the first quarter. 1832 Asset Management L.P. now owns 6,961,368 shares of the company’s stock worth $124,751,000 after buying an additional 1,761,838 shares during the period. UBS Group AG boosted its position in Celestica by 51.6% in the first quarter. UBS Group AG now owns 194,242 shares of the company’s stock worth $2,133,000 after buying an additional 66,121 shares during the period. Finally, Scotia Capital Inc. boosted its position in Celestica by 61.6% in the first quarter. Scotia Capital Inc. now owns 65,860 shares of the company’s stock worth $718,000 after buying an additional 25,108 shares during the period. 71.85% of the stock is owned by hedge funds and other institutional investors.
Celestica Inc. (NYSE:CLS) traded down 0.68% during midday trading on Thursday, reaching $10.30. 176,648 shares of the company traded hands. The firm has a market capitalization of $1.45 billion, a price-to-earnings ratio of 17.73 and a beta of 1.19. The firm has a 50-day moving average price of $10.64 and a 200-day moving average price of $10.50. Celestica Inc. has a one year low of $8.07 and a one year high of $13.29.
Celestica (NYSE:CLS) last released its quarterly earnings results on Thursday, July 21st. The company reported $0.29 EPS for the quarter, beating analysts’ consensus estimates of $0.28 by $0.01. The business earned $1.49 billion during the quarter, compared to analyst estimates of $1.46 billion. Celestica had a return on equity of 10.26% and a net margin of 1.47%. During the same period in the prior year, the firm posted $0.25 EPS. Equities analysts predict that Celestica Inc. will post $1.17 EPS for the current fiscal year.
A number of equities analysts have commented on CLS shares. Canaccord Genuity raised shares of Celestica from a “hold” rating to a “buy” rating and set a $12.00 price objective for the company in a research report on Friday, July 22nd. B. Riley reaffirmed a “neutral” rating and set a $11.00 price objective on shares of Celestica in a research report on Monday, July 25th. Zacks Investment Research raised shares of Celestica from a “hold” rating to a “strong-buy” rating and set a $13.00 price objective for the company in a research report on Wednesday, July 27th. Finally, Macquarie cut shares of Celestica from an “outperform” rating to a “neutral” rating in a research report on Friday, July 29th. Seven research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $12.71.
Celestica Company Profile
Celestica Inc is a provider of supply chain solutions in the communications, consumer, diversified, servers and storage end markets. The Company operates in electronics manufacturing services business segment. The Company offers a range of services to its customers, including design and development, engineering services, supply chain management, new product introduction, component sourcing, electronics manufacturing, assembly and test, complex mechanical assembly, systems integration, precision machining, order fulfillment, logistics and after-market repair and return services.
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