First Trust Advisors LP cut its position in Celestica Inc. (NYSE:CLS) by 14.3% during the second quarter, according to its most recent filing with the SEC. The fund owned 26,078 shares of the company’s stock after selling 4,359 shares during the period. First Trust Advisors LP’s holdings in Celestica were worth $243,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. TD Asset Management Inc. raised its position in Celestica by 3.9% in the second quarter. TD Asset Management Inc. now owns 2,810,657 shares of the company’s stock worth $26,014,000 after buying an additional 105,569 shares during the period. DekaBank Deutsche Girozentrale raised its position in Celestica by 13.8% in the second quarter. DekaBank Deutsche Girozentrale now owns 92,143 shares of the company’s stock worth $843,000 after buying an additional 11,200 shares during the period. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp raised its position in Celestica by 34.6% in the second quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp now owns 1,148,435 shares of the company’s stock worth $13,804,000 after buying an additional 295,300 shares during the period. Emerald Acquisition Ltd. purchased a new position in Celestica during the second quarter worth approximately $914,000. Finally, ClariVest Asset Management LLC raised its position in Celestica by 116.2% in the second quarter. ClariVest Asset Management LLC now owns 190,032 shares of the company’s stock worth $1,766,000 after buying an additional 102,132 shares during the period. Institutional investors and hedge funds own 71.88% of the company’s stock.
Shares of Celestica Inc. (NYSE:CLS) traded up 0.58% during mid-day trading on Monday, hitting $10.46. 15,645 shares of the stock were exchanged. Celestica Inc. has a 52-week low of $8.07 and a 52-week high of $13.29. The stock’s 50-day moving average price is $10.62 and its 200-day moving average price is $10.50. The company has a market cap of $1.47 billion, a P/E ratio of 18.00 and a beta of 1.18.
Celestica (NYSE:CLS) last posted its quarterly earnings data on Thursday, July 21st. The company reported $0.29 earnings per share for the quarter, beating analysts’ consensus estimates of $0.28 by $0.01. Celestica had a net margin of 1.47% and a return on equity of 10.26%. The firm had revenue of $1.49 billion for the quarter, compared to analyst estimates of $1.46 billion. During the same period last year, the firm posted $0.25 EPS. Equities research analysts anticipate that Celestica Inc. will post $1.17 earnings per share for the current fiscal year.
Several analysts have weighed in on the stock. Zacks Investment Research downgraded shares of Celestica from a “buy” rating to a “hold” rating in a research note on Wednesday, September 21st. Canaccord Genuity reiterated a “buy” rating and set a $12.00 price target on shares of Celestica in a research report on Thursday, August 11th. Macquarie cut shares of Celestica from an “outperform” rating to a “neutral” rating in a research report on Friday, July 29th. Finally, B. Riley reiterated a “neutral” rating and set a $11.00 price target on shares of Celestica in a research report on Monday, July 25th. Seven research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target 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.