Celestica Inc. (CLS) Position Increased by TD Asset Management Inc.
TD Asset Management Inc. boosted its stake in shares of Celestica Inc. (NYSE:CLS) (TSE:CLS) by 17.7% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,307,640 shares of the company’s stock after buying an additional 496,983 shares during the period. TD Asset Management Inc. owned 2.36% of Celestica worth $35,713,000 at the end of the most recent quarter.
A number of other large investors also recently modified their holdings of the company. Stevens Capital Management LP bought a new stake in shares of Celestica during the second quarter valued at about $100,000. Nine Chapters Capital Management LLC bought a new stake in shares of Celestica during the second quarter valued at about $104,000. Prudential Financial Inc. increased its stake in shares of Celestica by 2.6% in the second quarter. Prudential Financial Inc. now owns 12,272 shares of the company’s stock valued at $114,000 after buying an additional 316 shares during the period. Walleye Trading LLC increased its stake in shares of Celestica by 2.3% in the second quarter. Walleye Trading LLC now owns 14,000 shares of the company’s stock valued at $130,000 after buying an additional 318 shares during the period. Finally, Fox Run Management L.L.C. bought a new stake in shares of Celestica during the second quarter valued at about $135,000. Hedge funds and other institutional investors own 72.37% of the company’s stock.
Shares of Celestica Inc. (NYSE:CLS) traded down 0.81% on Monday, reaching $12.29. 139,480 shares of the company were exchanged. The stock has a market capitalization of $1.72 billion, a PE ratio of 14.03 and a beta of 1.08. Celestica Inc. has a 12-month low of $8.07 and a 12-month high of $12.59. The firm has a 50 day moving average price of $11.60 and a 200-day moving average price of $10.73.
Celestica (NYSE:CLS) last issued its quarterly earnings data on Thursday, October 20th. The company reported $0.43 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.30 by $0.13. Celestica had a net margin of 2.16% and a return on equity of 12.63%. The business earned $1.55 billion during the quarter. During the same period in the previous year, the company posted $0.22 earnings per share. The company’s revenue for the quarter was up 10.0% on a year-over-year basis. On average, analysts predict that Celestica Inc. will post $1.29 EPS for the current fiscal year.
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Several brokerages have issued reports on CLS. B. Riley restated a “neutral” rating and set a $11.75 price objective on shares of Celestica in a research report on Sunday, October 23rd. Zacks Investment Research upgraded shares of Celestica from a “hold” rating to a “buy” rating and set a $13.00 price objective for the company in a research report on Wednesday, October 26th. BMO Capital Markets restated a “hold” rating on shares of Celestica in a research report on Friday, October 21st. Standpoint Research downgraded shares of Celestica from a “buy” rating to a “hold” rating in a research report on Friday, November 18th. Finally, Canaccord Genuity reaffirmed a “buy” rating and set a $12.00 target price on shares of Celestica in a report on Thursday, August 11th. Eight analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $13.04.
Celestica Inc is a provider of supply chain solutions in the communications, consumer, diversified, servers and storage end markets. 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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