Numeric Investors LLC decreased its position in shares of Celestica, Inc. (NYSE:CLS) (TSE:CLS) by 38.8% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 72,000 shares of the technology company’s stock after selling 45,600 shares during the quarter. Numeric Investors LLC owned approximately 0.05% of Celestica worth $977,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. First Trust Advisors LP lifted its holdings in Celestica by 1.9% during the 1st quarter. First Trust Advisors LP now owns 25,312 shares of the technology company’s stock worth $368,000 after buying an additional 483 shares during the period. Bank of New York Mellon Corp acquired a new position in Celestica during the 1st quarter worth about $1,475,000. Karp Capital Management Corp acquired a new position in Celestica during the 1st quarter worth about $756,000. Parametric Portfolio Associates LLC lifted its holdings in Celestica by 6.0% during the 1st quarter. Parametric Portfolio Associates LLC now owns 30,622 shares of the technology company’s stock worth $445,000 after buying an additional 1,736 shares during the period. Finally, Envestnet Asset Management Inc. lifted its holdings in Celestica by 16.4% during the 1st quarter. Envestnet Asset Management Inc. now owns 10,678 shares of the technology company’s stock worth $155,000 after buying an additional 1,508 shares during the period. 59.80% of the stock is currently owned by institutional investors.
Celestica, Inc. (CLS) opened at 12.52 on Thursday. The stock has a 50 day moving average price of $12.13 and a 200-day moving average price of $13.17. Celestica, Inc. has a 52 week low of $10.16 and a 52 week high of $14.74. The firm has a market capitalization of $1.79 billion, a P/E ratio of 13.61 and a beta of 0.72.
Celestica (NYSE:CLS) (TSE:CLS) last posted its earnings results on Tuesday, July 25th. The technology company reported $0.24 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.32 by ($0.08). The firm had revenue of $1.56 billion for the quarter, compared to analysts’ expectations of $1.55 billion. Celestica had a return on equity of 13.64% and a net margin of 2.12%. The business’s revenue for the quarter was up 4.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.29 earnings per share. Analysts anticipate that Celestica, Inc. will post $1.27 EPS for the current fiscal year.
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Several research analysts have commented on the company. Standpoint Research raised Celestica from a “hold” rating to a “buy” rating in a report on Thursday, August 17th. They noted that the move was a valuation call. BMO Capital Markets cut their target price on Celestica from $14.50 to $13.40 and set a “market perform” rating on the stock in a report on Wednesday, July 26th. Canaccord Genuity reaffirmed a “buy” rating on shares of Celestica in a report on Friday, July 28th. BidaskClub downgraded Celestica from a “sell” rating to a “strong sell” rating in a report on Friday, July 28th. Finally, Scotiabank set a $15.00 target price on Celestica and gave the stock a “sector perform” rating in a report on Wednesday, July 26th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and two have assigned a buy rating to the stock. Celestica currently has a consensus rating of “Hold” and an average target price of $14.02.
Celestica Company Profile
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.
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