Penserra Capital Management LLC Boosts Stock Holdings in Celestica, Inc. $CLS

Penserra Capital Management LLC raised its holdings in Celestica, Inc. (NYSE:CLS) (TSE:CLS) by 414.1% during the second quarter, Holdings Channel.com reports. The firm owned 139,664 shares of the technology company’s stock after purchasing an additional 112,497 shares during the quarter. Penserra Capital Management LLC’s holdings in Celestica were worth $21,802,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Golden State Wealth Management LLC lifted its holdings in shares of Celestica by 102.5% in the 2nd quarter. Golden State Wealth Management LLC now owns 164 shares of the technology company’s stock valued at $26,000 after buying an additional 83 shares during the period. ST Germain D J Co. Inc. purchased a new position in Celestica in the second quarter worth $37,000. First Horizon Advisors Inc. lifted its holdings in Celestica by 33.1% in the second quarter. First Horizon Advisors Inc. now owns 350 shares of the technology company’s stock valued at $55,000 after acquiring an additional 87 shares during the period. Wolff Wiese Magana LLC boosted its position in shares of Celestica by 45.6% during the 2nd quarter. Wolff Wiese Magana LLC now owns 364 shares of the technology company’s stock worth $57,000 after purchasing an additional 114 shares in the last quarter. Finally, Flaharty Asset Management LLC acquired a new position in shares of Celestica during the 1st quarter worth $63,000. Institutional investors and hedge funds own 67.38% of the company’s stock.

Celestica Stock Down 5.4%

Shares of NYSE CLS opened at $322.22 on Friday. The firm’s 50-day moving average is $266.82 and its two-hundred day moving average is $188.03. The company has a market capitalization of $37.07 billion, a PE ratio of 52.31 and a beta of 1.85. Celestica, Inc. has a 12-month low of $58.05 and a 12-month high of $363.40. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.47 and a quick ratio of 0.86.

Celestica (NYSE:CLS) (TSE:CLS) last issued 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 return on equity of 30.53% and a net margin of 6.35%.The firm had revenue of $3.19 billion during the quarter, compared to the consensus estimate of $3.01 billion. During the same period in the previous year, the firm posted $1.04 EPS. The company’s quarterly revenue was up 27.8% compared to the same quarter last year. Equities analysts anticipate that Celestica, Inc. will post 4.35 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts recently commented on CLS shares. TD Cowen reiterated a “hold” rating and issued a $238.00 price objective on shares of Celestica in a research note on Friday, October 3rd. The Goldman Sachs Group lifted their price target on shares of Celestica from $340.00 to $440.00 and gave the company a “buy” rating in a research report on Wednesday, October 29th. Royal Bank Of Canada boosted their price target on Celestica from $315.00 to $400.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 29th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $385.00 price objective (up from $230.00) on shares of Celestica in a research note on Wednesday, October 29th. Finally, TD Securities lifted their price objective on Celestica from $238.00 to $305.00 and gave the stock a “hold” rating in a report on Wednesday, October 29th. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $325.13.

Insider Buying and Selling at Celestica

In related news, Director Laurette T. Koellner purchased 6,000 shares of the business’s stock in a transaction dated Thursday, October 30th. The stock was bought at an average cost of $341.67 per share, with a total value of $2,050,020.00. Following the completion of the acquisition, the director directly owned 6,000 shares in the company, valued at $2,050,020. The trade was a ∞ increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.52% of the stock is currently owned by company insiders.

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.