Celestica Inc. (NYSE:CLS) Shares Sold by Penserra Capital Management LLC

Penserra Capital Management LLC trimmed its position in shares of Celestica Inc. (NYSE:CLS) (TSE:CLS) by 88.5% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 25,819 shares of the technology company’s stock after selling 198,082 shares during the quarter. Penserra Capital Management LLC’s holdings in Celestica were worth $1,319,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in CLS. Vanguard Group Inc. increased its position in Celestica by 1.5% during the 1st quarter. Vanguard Group Inc. now owns 4,331,184 shares of the technology company’s stock worth $194,643,000 after purchasing an additional 64,658 shares during the period. Vaughan Nelson Investment Management L.P. purchased a new stake in shares of Celestica in the third quarter valued at approximately $61,210,000. Dimensional Fund Advisors LP grew its holdings in Celestica by 4.7% during the second quarter. Dimensional Fund Advisors LP now owns 1,186,543 shares of the technology company’s stock worth $68,024,000 after acquiring an additional 52,807 shares during the period. Driehaus Capital Management LLC grew its holdings in Celestica by 19,876.9% during the second quarter. Driehaus Capital Management LLC now owns 1,164,653 shares of the technology company’s stock worth $66,770,000 after acquiring an additional 1,158,823 shares during the period. Finally, Bank of Montreal Can raised its position in Celestica by 0.8% in the second quarter. Bank of Montreal Can now owns 1,150,806 shares of the technology company’s stock worth $68,470,000 after acquiring an additional 9,462 shares in the last quarter. 67.38% of the stock is owned by hedge funds and other institutional investors.

Celestica Stock Up 1.2 %

CLS opened at $86.66 on Wednesday. Celestica Inc. has a 1 year low of $25.83 and a 1 year high of $93.15. The firm has a 50 day moving average price of $65.74 and a 200 day moving average price of $57.61. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.87 and a current ratio of 1.47. The company has a market cap of $10.08 billion, a PE ratio of 27.18 and a beta of 2.24.

Celestica (NYSE:CLS) (TSE:CLS) last released its quarterly earnings data on Wednesday, October 23rd. The technology company reported $1.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.93 by $0.11. Celestica had a net margin of 4.08% and a return on equity of 21.58%. The company had revenue of $2.50 billion during the quarter, compared to analyst estimates of $2.41 billion. During the same quarter in the prior year, the business earned $0.65 earnings per share. The business’s quarterly revenue was up 24.8% compared to the same quarter last year. Sell-side analysts expect that Celestica Inc. will post 3.44 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on CLS shares. TD Cowen increased their price target on shares of Celestica from $68.00 to $70.00 and gave the company a “buy” rating in a report on Thursday, October 24th. TD Securities lifted their price objective on Celestica from $68.00 to $70.00 and gave the stock a “buy” rating in a report on Thursday, October 24th. Royal Bank of Canada boosted their price objective on shares of Celestica from $65.00 to $75.00 and gave the stock an “outperform” rating in a research report on Thursday, October 24th. Stifel Nicolaus upped their price target on shares of Celestica from $58.00 to $70.00 and gave the company a “buy” rating in a report on Thursday, October 24th. Finally, UBS Group started coverage on Celestica in a research note on Friday, November 22nd. They issued a “neutral” rating and a $95.00 target price on the stock. Three analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, Celestica has a consensus rating of “Moderate Buy” and an average price target of $71.45.

Celestica Profile

Celestica Inc provides supply chain solutions in North America, Europe, and Asia. It operates through two segments: Advanced Technology Solutions, and Connectivity & Cloud Solutions. The company offers a range of product manufacturing and related supply chain services, including design and development, new product introduction, engineering services, component sourcing, electronics manufacturing and assembly, testing, complex mechanical assembly, systems integration, precision machining, order fulfillment, logistics, asset management, product licensing, and after-market repair and return services.