Rothschild Asset Management Inc. Acquires Shares of 81,446 Celestica, Inc. (CLS)
Rothschild Asset Management Inc. acquired a new stake in shares of Celestica, Inc. (NYSE:CLS) (TSE:CLS) during the second quarter, Holdings Channel reports. The institutional investor acquired 81,446 shares of the technology company’s stock, valued at approximately $1,435,000.
Other large investors have also recently added to or reduced their stakes in the company. Royce & Associates LP purchased a new stake in Celestica during the first quarter valued at $24,406,000. Goldman Sachs Group Inc. increased its stake in Celestica by 101.2% in the first quarter. Goldman Sachs Group Inc. now owns 979,959 shares of the technology company’s stock valued at $14,239,000 after buying an additional 492,964 shares during the period. Morgan Stanley increased its stake in Celestica by 34.4% in 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. KAMES CAPITAL plc increased its stake in Celestica by 201.0% in the second quarter. KAMES CAPITAL plc now owns 329,215 shares of the technology company’s stock valued at $4,467,000 after buying an additional 219,857 shares during the period. Finally, Spark Investment Management LLC increased its stake in Celestica by 428.0% in the first quarter. Spark Investment Management LLC now owns 264,000 shares of the technology company’s stock valued at $3,833,000 after buying an additional 214,000 shares during the period. 70.33% of the stock is currently owned by institutional investors.
Celestica, Inc. (NYSE:CLS) opened at 11.40 on Thursday. The firm has a market capitalization of $1.63 billion, a P/E ratio of 12.39 and a beta of 0.66. Celestica, Inc. has a one year low of $10.16 and a one year high of $14.74. The firm’s 50-day moving average price is $13.08 and its 200 day moving average price is $13.68.
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. On average, equities analysts anticipate that Celestica, Inc. will post $1.27 earnings per share for the current fiscal year.
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CLS has been the topic of several recent research reports. BidaskClub downgraded Celestica from a “hold” rating to a “sell” rating in a report on Saturday, June 17th. Macquarie downgraded Celestica from an “outperform” rating to a “neutral” rating in a report on Thursday, June 22nd. Bank of America Corporation initiated coverage on Celestica in a report on Thursday, June 15th. They set a “neutral” rating and a $15.50 price objective on the stock. TD Securities raised their price objective on Celestica from $12.00 to $13.50 and gave the company a “hold” rating in a report on Friday, April 21st. Finally, Scotiabank reissued a “sector perform” rating and set a $15.00 price objective on shares of Celestica in a report on Friday, April 21st. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating and one has assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $13.92.
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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