Shell Asset Management Co. Holds Stake in Celestica, Inc. (NYSE:CLS)

Shell Asset Management Co. continued to hold its stake in shares of Celestica, Inc. (NYSE:CLS) (TSE:CLS) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,022 shares of the technology company’s stock at the end of the 2nd quarter. Shell Asset Management Co.’s holdings in Celestica were worth $194,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Acadian Asset Management LLC grew its stake in shares of Celestica by 2.4% in the first quarter. Acadian Asset Management LLC now owns 2,741,936 shares of the technology company’s stock worth $39,761,000 after acquiring an additional 64,900 shares during the period. Vanguard Group Inc. grew its position in Celestica by 4.2% during the first quarter. Vanguard Group Inc. now owns 2,348,478 shares of the technology company’s stock valued at $34,123,000 after buying an additional 94,548 shares during the period. Royce & Associates LP bought a new stake in Celestica during the first quarter valued at approximately $24,406,000. Morgan Stanley grew its position in Celestica by 34.4% during the first quarter. Morgan Stanley now owns 1,635,437 shares of the technology company’s stock valued at $23,763,000 after buying an additional 418,774 shares during the period. Finally, Goldman Sachs Group Inc. lifted its holdings in Celestica by 101.2% during the first quarter. Goldman Sachs Group Inc. now owns 979,959 shares of the technology company’s stock valued at $14,239,000 after purchasing an additional 492,964 shares in the last quarter. 59.83% of the stock is owned by hedge funds and other institutional investors.

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CLS has been the topic of several research reports. BidaskClub cut shares of Celestica from a “sell” rating to a “strong sell” rating in a research report on Friday, July 28th. Bank of America Corporation initiated coverage on shares of Celestica in a report on Thursday, June 15th. They issued a “neutral” rating and a $15.50 price target on the stock. Scotiabank set a $15.00 price objective on shares of Celestica and gave the stock a “sector perform” rating in a research note on Wednesday, July 26th. Standpoint Research raised shares of Celestica from a “hold” rating to a “buy” rating in a research report on Thursday, August 17th. They noted that the move was a valuation call. Finally, Canaccord Genuity reaffirmed a “buy” rating on shares of Celestica in a research report on Friday, July 28th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and two have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $13.92.

Celestica, Inc. (CLS) traded down 1.46% during trading on Tuesday, reaching $11.46. The company’s stock had a trading volume of 228,989 shares. The company has a market capitalization of $1.64 billion, a P/E ratio of 12.46 and a beta of 0.67. Celestica, Inc. has a 1-year low of $10.16 and a 1-year high of $14.74. The company’s 50-day moving average is $12.07 and its 200-day moving average is $13.45.

Celestica (NYSE:CLS) (TSE:CLS) last released its quarterly earnings data on Tuesday, July 25th. The technology company reported $0.24 earnings per share for the quarter, missing analysts’ consensus estimates of $0.32 by $0.08. The firm had revenue of $1.56 billion for the quarter, compared to the consensus estimate of $1.55 billion. Celestica had a net margin of 2.12% and a return on equity of 13.64%. The firm’s revenue for the quarter was up 4.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.29 earnings per share. Equities analysts anticipate that Celestica, Inc. will post $1.27 EPS for the current year.

About Celestica

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.

Institutional Ownership by Quarter for Celestica (NYSE:CLS)

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