Celestica, Inc. $CLS Shares Purchased by Penserra Capital Management LLC

Penserra Capital Management LLC raised its stake in Celestica, Inc. (NYSE:CLS) (TSE:CLS) by 414.1% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 139,664 shares of the technology company’s stock after purchasing an additional 112,497 shares during the period. Penserra Capital Management LLC owned 0.12% of Celestica worth $21,802,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of CLS. Golden State Wealth Management LLC grew its position in shares of Celestica by 102.5% in the 2nd quarter. Golden State Wealth Management LLC now owns 164 shares of the technology company’s stock valued at $26,000 after buying an additional 83 shares during the last quarter. ST Germain D J Co. Inc. purchased a new stake in Celestica in the second quarter valued at $37,000. First Horizon Advisors Inc. lifted its position in Celestica by 33.1% in the second quarter. First Horizon Advisors Inc. now owns 350 shares of the technology company’s stock valued at $55,000 after acquiring an additional 87 shares during the last quarter. Wolff Wiese Magana LLC boosted its stake in Celestica by 45.6% in the second quarter. Wolff Wiese Magana LLC now owns 364 shares of the technology company’s stock valued at $57,000 after acquiring an additional 114 shares in the last quarter. Finally, Flaharty Asset Management LLC purchased a new position in shares of Celestica during the first quarter worth about $63,000. Hedge funds and other institutional investors own 67.38% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently commented on the company. The Goldman Sachs Group lifted their target price on Celestica from $340.00 to $440.00 and gave the stock a “buy” rating in a research report on Wednesday, October 29th. New Street Research set a $400.00 price target on Celestica in a research note on Wednesday, October 29th. Canaccord Genuity Group lifted their price target on Celestica from $126.00 to $240.00 and gave the stock a “buy” rating in a research report on Wednesday, July 30th. Barclays boosted their price objective on Celestica from $220.00 to $357.00 and gave the company an “overweight” rating in a research note on Wednesday, October 29th. Finally, BNP Paribas restated an “outperform” rating and set a $300.00 target price on shares of Celestica in a research report on Thursday, September 25th. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat, Celestica has a consensus rating of “Moderate Buy” and a consensus target price of $325.13.

Celestica Stock Performance

Shares of CLS stock opened at $322.22 on Friday. The stock’s 50-day moving average price is $266.82 and its 200 day moving average price is $188.03. The company has a quick ratio of 0.86, a current ratio of 1.47 and a debt-to-equity ratio of 0.37. The stock has a market capitalization of $37.07 billion, a PE ratio of 52.31 and a beta of 1.85. Celestica, Inc. has a 52-week low of $58.05 and a 52-week high of $363.40.

Celestica (NYSE:CLS) (TSE:CLS) last posted its quarterly earnings data on Monday, October 27th. The technology company reported $1.58 earnings per share for the quarter, topping analysts’ consensus estimates of $1.45 by $0.13. The company had revenue of $3.19 billion during the quarter, compared to analysts’ expectations of $3.01 billion. Celestica had a return on equity of 30.53% and a net margin of 6.35%.The firm’s revenue for the quarter was up 27.8% on a year-over-year basis. During the same period last year, the firm earned $1.04 EPS. As a group, equities research analysts forecast that Celestica, Inc. will post 4.35 EPS for the current year.

Insider Buying and Selling at Celestica

In other news, Director Laurette T. Koellner acquired 6,000 shares of the stock in a transaction that occurred on Thursday, October 30th. The shares were purchased at an average cost of $341.67 per share, for a total transaction of $2,050,020.00. Following the transaction, the director directly owned 6,000 shares in the company, valued at approximately $2,050,020. This represents a ∞ increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. 0.52% of the stock is currently owned by corporate insiders.

Celestica Company Profile

Celestica Inc provides supply chain solutions in North America, Europe, and Asia. It operates through two segments: Advanced Technology Solutions, and Connectivity & Cloud Solutions. The company offers a range of product manufacturing and related supply chain services, including design and development, new product introduction, engineering services, component sourcing, electronics manufacturing and assembly, testing, complex mechanical assembly, systems integration, precision machining, order fulfillment, logistics, asset management, product licensing, and after-market repair and return services.