Russell Investments Group Ltd. acquired a new stake in Celestica Inc (NYSE:CLS) (TSE:CLS) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 203,927 shares of the company’s stock, valued at approximately $2,442,000. Russell Investments Group Ltd. owned about 0.15% of Celestica at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also bought and sold shares of the company. TD Asset Management Inc. raised its position in Celestica by 17.7% in the third quarter. TD Asset Management Inc. now owns 3,307,640 shares of the company’s stock valued at $35,713,000 after buying an additional 496,983 shares during the period. Matarin Capital Management LLC acquired a new position in Celestica during the third quarter valued at $2,670,000. Lingohr & Partner Asset Management GmbH raised its position in Celestica by 28.3% in the third quarter. Lingohr & Partner Asset Management GmbH now owns 244,528 shares of the company’s stock valued at $2,648,000 after buying an additional 54,000 shares during the period. Donald Smith & CO. Inc. raised its position in Celestica by 0.6% in the third quarter. Donald Smith & CO. Inc. now owns 5,347,479 shares of the company’s stock valued at $57,913,000 after buying an additional 32,645 shares during the period. Finally, The Manufacturers Life Insurance Company acquired a new position in Celestica during the third quarter valued at $28,294,000. 71.79% of the stock is owned by hedge funds and other institutional investors.
Celestica Inc (NYSE:CLS) opened at 13.81 on Tuesday. The firm’s 50-day moving average price is $13.66 and its 200-day moving average price is $12.09. The firm has a market cap of $1.93 billion, a P/E ratio of 14.54 and a beta of 1.01. Celestica Inc has a 1-year low of $8.83 and a 1-year high of $14.54.
Celestica (NYSE:CLS) last posted its quarterly earnings results on Thursday, January 26th. The company reported $0.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.32 by $0.09. Celestica had a net margin of 2.27% and a return on equity of 14.03%. The business earned $1.62 billion during the quarter, compared to analyst estimates of $1.55 billion. During the same period in the prior year, the business posted $0.27 earnings per share. The company’s revenue was up 7.2% on a year-over-year basis. Equities research analysts anticipate that Celestica Inc will post $1.29 earnings per share for the current fiscal year.
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Several research analysts have recently weighed in on CLS shares. Stifel Nicolaus lifted their price objective on Celestica from $11.00 to $12.00 and gave the stock a “hold” rating in a research report on Friday, January 27th. Royal Bank of Canada reaffirmed a “hold” rating and issued a $13.00 target price on shares of Celestica in a research report on Thursday, January 12th. BMO Capital Markets set a $15.00 target price on Celestica and gave the company a “hold” rating in a research report on Friday, January 27th. Finally, Macquarie raised Celestica from a “neutral” rating to an “outperform” rating and set a $16.00 target price for the company in a research report on Friday, January 27th. Eight research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Celestica presently has a consensus rating of “Hold” and a consensus price target of $13.03.
Celestica Company Profile
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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