TD Asset Management Inc. raised its position in Celestica, Inc. (NYSE:CLS) (TSE:CLS) by 11.1% during the second quarter, Holdings Channel reports. The institutional investor owned 2,558,640 shares of the technology company’s stock after buying an additional 255,400 shares during the period. TD Asset Management Inc.’s holdings in Celestica were worth $34,714,000 at the end of the most recent quarter.
A number of other institutional investors have also added to or reduced their stakes in CLS. Royce & Associates LP acquired a new position in Celestica during the first quarter worth approximately $24,406,000. Goldman Sachs Group Inc. raised its position in Celestica by 101.2% in the first quarter. Goldman Sachs Group Inc. now owns 979,959 shares of the technology company’s stock worth $14,239,000 after buying an additional 492,964 shares in the last quarter. Morgan Stanley raised its position in Celestica by 34.4% in the first quarter. Morgan Stanley now owns 1,635,437 shares of the technology company’s stock worth $23,763,000 after buying an additional 418,774 shares in the last quarter. KAMES CAPITAL plc raised its position in Celestica by 201.0% in the second quarter. KAMES CAPITAL plc now owns 329,215 shares of the technology company’s stock worth $4,467,000 after buying an additional 219,857 shares in the last quarter. Finally, Spark Investment Management LLC raised its position in Celestica by 428.0% in the first quarter. Spark Investment Management LLC now owns 264,000 shares of the technology company’s stock worth $3,833,000 after buying an additional 214,000 shares in the last quarter. 70.33% of the stock is currently owned by institutional investors and hedge funds.
Celestica, Inc. (CLS) opened at 11.40 on Thursday. Celestica, Inc. has a 12-month low of $10.16 and a 12-month high of $14.74. The firm has a 50-day moving average of $13.08 and a 200 day moving average of $13.68. The company has a market capitalization of $1.63 billion, a price-to-earnings ratio of 12.39 and a beta of 0.66.
Celestica (NYSE:CLS) (TSE:CLS) last announced its quarterly earnings results on Tuesday, July 25th. The technology company reported $0.24 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.32 by $0.08. Celestica had a return on equity of 13.64% and a net margin of 2.12%. The firm had revenue of $1.56 billion during the quarter, compared to analysts’ expectations of $1.55 billion. During the same period in the previous year, the company posted $0.29 earnings per share. The company’s quarterly revenue was up 4.9% compared to the same quarter last year. Analysts expect that Celestica, Inc. will post $1.27 EPS for the current fiscal year.
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CLS has been the topic of a number of recent research reports. BidaskClub lowered shares of Celestica from a “hold” rating to a “sell” rating in a research report on Saturday, June 17th. Macquarie lowered shares of Celestica from an “outperform” rating to a “neutral” rating in a research report on Thursday, June 22nd. Bank of America Corporation initiated coverage on shares of Celestica in a research report on Thursday, June 15th. They set a “neutral” rating and a $15.50 price target on the stock. TD Securities raised their price target on shares of Celestica from $12.00 to $13.50 and gave the stock a “hold” rating in a research report on Friday, April 21st. Finally, Scotiabank reaffirmed a “sector perform” rating and set a $15.00 price target on shares of Celestica in a research report on Friday, April 21st. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating and one has given a buy rating to the company’s stock. Celestica currently has an average rating of “Hold” and a consensus target price of $13.92.
Celestica Inc is a provider of supply chain solutions. 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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