Genus Capital Management Inc. Increases Stock Holdings in Celestica, Inc. $CLS

Genus Capital Management Inc. lifted its stake in shares of Celestica, Inc. (NYSE:CLS) (TSE:CLS) by 53.8% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 27,822 shares of the technology company’s stock after buying an additional 9,730 shares during the quarter. Genus Capital Management Inc.’s holdings in Celestica were worth $4,338,000 as of its most recent filing with the SEC.

Several other hedge funds have also modified their holdings of the stock. Voya Investment Management LLC boosted its position in Celestica by 362.8% in the 1st quarter. Voya Investment Management LLC now owns 1,854,085 shares of the technology company’s stock valued at $146,122,000 after buying an additional 1,453,473 shares during the last quarter. Alkeon Capital Management LLC purchased a new position in Celestica in the 1st quarter valued at about $96,936,000. Alliancebernstein L.P. raised its stake in shares of Celestica by 405.5% in the 1st quarter. Alliancebernstein L.P. now owns 731,937 shares of the technology company’s stock valued at $57,684,000 after purchasing an additional 587,145 shares in the last quarter. JAT Capital Mgmt LP acquired a new stake in shares of Celestica in the 1st quarter valued at about $40,077,000. Finally, Vaughan Nelson Investment Management L.P. acquired a new stake in shares of Celestica in the 2nd quarter valued at about $75,691,000. 67.38% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on CLS shares. JPMorgan Chase & Co. increased their price objective on shares of Celestica from $295.00 to $360.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 29th. New Street Research set a $400.00 price target on shares of Celestica in a research note on Wednesday, October 29th. Wall Street Zen upgraded shares of Celestica from a “hold” rating to a “buy” rating in a research note on Saturday, October 4th. Canaccord Genuity Group raised their price target on shares of Celestica from $126.00 to $240.00 and gave the company a “buy” rating in a research note on Wednesday, July 30th. Finally, BMO Capital Markets set a $370.00 price target on Celestica and gave the stock an “outperform” rating in a research report on Wednesday, October 29th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, Celestica has a consensus rating of “Moderate Buy” and an average price target of $325.13.

Celestica Price Performance

Shares of Celestica stock opened at $335.52 on Wednesday. Celestica, Inc. has a 52 week low of $58.05 and a 52 week high of $360.99. The company has a current ratio of 1.47, a quick ratio of 0.86 and a debt-to-equity ratio of 0.37. The stock has a market cap of $38.60 billion, a PE ratio of 54.47 and a beta of 1.88. The company’s 50-day moving average price is $258.68 and its two-hundred day moving average price is $184.09.

Celestica (NYSE:CLS) (TSE:CLS) last announced its quarterly earnings data on Monday, October 27th. The technology company reported $1.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.45 by $0.13. Celestica had a net margin of 6.35% and a return on equity of 30.53%. The company had revenue of $3.19 billion for the quarter, compared to analysts’ expectations of $3.01 billion. During the same quarter in the previous year, the company posted $1.04 EPS. The business’s revenue was up 27.8% compared to the same quarter last year. As a group, sell-side analysts anticipate that Celestica, Inc. will post 4.35 EPS for the current fiscal year.

Insider Activity

In related news, Director Laurette T. Koellner acquired 6,000 shares of the business’s stock in a transaction dated Thursday, October 30th. The stock was bought at an average price of $341.67 per share, for a total transaction of $2,050,020.00. Following the transaction, the director owned 6,000 shares of the company’s stock, valued at approximately $2,050,020. The trade was a ? increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.52% of the company’s stock.

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.