Celestica, Inc. (CLS) is Lingohr & Partner Asset Management GmbH’s 5th Largest Position
Lingohr & Partner Asset Management GmbH held its stake in Celestica, Inc. (NYSE:CLS) (TSE:CLS) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 366,028 shares of the technology company’s stock at the end of the second quarter. Celestica accounts for 3.1% of Lingohr & Partner Asset Management GmbH’s investment portfolio, making the stock its 5th biggest position. Lingohr & Partner Asset Management GmbH owned 0.26% of Celestica worth $5,321,000 at the end of the most recent quarter.
Other institutional investors have also modified their holdings of the company. Stevens Capital Management LP purchased a new position in shares of Celestica during the 2nd quarter worth $140,000. Envestnet Asset Management Inc. lifted its stake in shares of 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 purchasing an additional 1,508 shares during the period. AXA purchased a new position in shares of Celestica during the 1st quarter worth $212,000. State of Tennessee Treasury Department purchased a new position in shares of Celestica during the 2nd quarter worth $217,000. Finally, Eqis Capital Management Inc. lifted its stake in shares of Celestica by 15.7% during the 2nd quarter. Eqis Capital Management Inc. now owns 23,266 shares of the technology company’s stock worth $316,000 after purchasing an additional 3,151 shares during the period. 59.83% of the stock is currently owned by institutional investors.
A number of research analysts have weighed in on the company. BidaskClub lowered Celestica from a “hold” rating to a “sell” rating in a research note on Saturday, June 17th. Canaccord Genuity reissued a “buy” rating on shares of Celestica in a research note on Friday, July 28th. BMO Capital Markets reduced their price target on Celestica from $14.50 to $13.40 and set a “market perform” rating on the stock in a research note on Wednesday, July 26th. Bank of America Corporation initiated coverage on Celestica in a research report on Thursday, June 15th. They issued a “neutral” rating and a $15.50 target price on the stock. Finally, Macquarie lowered Celestica from an “outperform” rating to a “neutral” rating in a research report on Thursday, June 22nd. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and two have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $13.92.
Celestica, Inc. (NYSE:CLS) traded up 0.56% on Friday, reaching $12.47. The company’s stock had a trading volume of 373,221 shares. The company has a market capitalization of $1.79 billion, a price-to-earnings ratio of 13.55 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 stock has a 50 day moving average price of $11.70 and a 200-day moving average price of $13.34.
Celestica (NYSE:CLS) (TSE:CLS) last released its quarterly earnings data on Tuesday, July 25th. The technology company reported $0.24 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.32 by ($0.08). Celestica had a net margin of 2.12% and a return on equity of 13.64%. The business had revenue of $1.56 billion during the quarter, compared to analyst estimates of $1.55 billion. During the same period in the previous year, the firm posted $0.29 EPS. The firm’s revenue for the quarter was up 4.9% on a year-over-year basis. Equities analysts predict that Celestica, Inc. will post $1.27 earnings per share for the current fiscal year.
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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