The Manufacturers Life Insurance Company Grows Holdings in Celestica, Inc. (CLS)
The Manufacturers Life Insurance Company raised its stake in Celestica, Inc. (NYSE:CLS) (TSE:CLS) by 1.2% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 2,272,570 shares of the technology company’s stock after buying an additional 26,526 shares during the quarter. The Manufacturers Life Insurance Company owned 1.59% of Celestica worth $30,823,000 at the end of the most recent reporting period.
Other institutional investors also recently added to or reduced their stakes in the company. Renaissance Group LLC increased its stake in Celestica by 8.4% in the 2nd quarter. Renaissance Group LLC now owns 29,261 shares of the technology company’s stock valued at $397,000 after buying an additional 2,278 shares during the period. NorthCoast Asset Management LLC acquired a new position in Celestica in the 2nd quarter valued at approximately $1,885,000. KCG Holdings Inc. increased its stake in Celestica by 26.2% in the 1st quarter. KCG Holdings Inc. now owns 24,769 shares of the technology company’s stock valued at $360,000 after buying an additional 5,137 shares during the period. UBS Group AG increased its stake in Celestica by 34.6% in the 1st quarter. UBS Group AG now owns 98,357 shares of the technology company’s stock valued at $1,429,000 after buying an additional 25,257 shares during the period. Finally, Dimensional Fund Advisors LP increased its stake in Celestica by 4.6% in the 1st quarter. Dimensional Fund Advisors LP now owns 590,017 shares of the technology company’s stock valued at $8,573,000 after buying an additional 26,062 shares during the period. Hedge funds and other institutional investors own 59.80% of the company’s stock.
Shares of Celestica, Inc. (CLS) opened at 12.45 on Friday. The company’s 50 day moving average is $12.19 and its 200 day moving average is $13.16. Celestica, Inc. has a 12-month low of $10.30 and a 12-month high of $14.74. The company has a market capitalization of $1.78 billion, a P/E ratio of 13.53 and a beta of 0.72.
Celestica (NYSE:CLS) (TSE:CLS) last released its quarterly earnings data on Tuesday, July 25th. The technology company reported $0.24 EPS for the quarter, missing the Zacks’ consensus estimate of $0.32 by ($0.08). Celestica had a return on equity of 13.64% and a net margin of 2.12%. The company had revenue of $1.56 billion for the quarter, compared to the consensus estimate of $1.55 billion. During the same period last year, the firm earned $0.29 earnings per share. The company’s revenue for the quarter was up 4.9% compared to the same quarter last year. Analysts expect that Celestica, Inc. will post $1.27 earnings per share for the current fiscal year.
Several research analysts have weighed in on the stock. Standpoint Research upgraded shares of Celestica from a “hold” rating to a “buy” rating in a research note on Thursday, August 17th. They noted that the move was a valuation call. BMO Capital Markets decreased their target price on shares of Celestica from $14.50 to $13.40 and set a “market perform” rating for the company in a research report on Wednesday, July 26th. Canaccord Genuity reissued a “buy” rating on shares of Celestica in a research report on Friday, July 28th. BidaskClub downgraded shares of Celestica from a “sell” rating to a “strong sell” rating in a research report on Friday, July 28th. Finally, Scotiabank set a $15.00 target price on shares of Celestica and gave the stock a “sector perform” rating in a research report on Wednesday, July 26th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and two have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target 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.
Receive News & Stock Ratings for Celestica Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Celestica Inc. and related stocks with our FREE daily email newsletter.