Shell Asset Management Co. lifted its stake in shares of Celestica Inc (NYSE:CLS) (TSE:CLS) by 291.8% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 42,402 shares of the technology company’s stock after acquiring an additional 31,580 shares during the period. Shell Asset Management Co.’s holdings in Celestica were worth $459,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds and other institutional investors also recently bought and sold shares of CLS. Bank of Montreal Can raised its holdings in shares of Celestica by 12.7% during the 2nd quarter. Bank of Montreal Can now owns 232,968 shares of the technology company’s stock worth $2,765,000 after acquiring an additional 26,197 shares during the period. Pzena Investment Management LLC purchased a new position in shares of Celestica during the 2nd quarter worth $33,321,000. Letko Brosseau & Associates Inc. raised its holdings in shares of Celestica by 0.3% during the 2nd quarter. Letko Brosseau & Associates Inc. now owns 20,487,963 shares of the technology company’s stock worth $243,435,000 after acquiring an additional 71,150 shares during the period. Balter Liquid Alternatives LLC raised its holdings in shares of Celestica by 34.8% during the 2nd quarter. Balter Liquid Alternatives LLC now owns 66,333 shares of the technology company’s stock worth $786,000 after acquiring an additional 17,141 shares during the period. Finally, Goodman Financial Corp raised its holdings in shares of Celestica by 2.6% during the 2nd quarter. Goodman Financial Corp now owns 300,500 shares of the technology company’s stock worth $3,567,000 after acquiring an additional 7,505 shares during the period. Institutional investors and hedge funds own 68.16% of the company’s stock.
Several research analysts have recently commented on CLS shares. TheStreet lowered Celestica from a “b-” rating to a “c+” rating in a report on Thursday, October 25th. Macquarie upgraded Celestica from a “neutral” rating to an “outperform” rating in a report on Wednesday, October 10th. Zacks Investment Research lowered Celestica from a “hold” rating to a “sell” rating in a report on Tuesday, October 30th. Beacon Securities upgraded shares of Celestica from a “hold” rating to a “buy” rating in a report on Wednesday, October 10th. Finally, BMO Capital Markets set a $12.00 price objective on shares of Celestica and gave the company a “hold” rating in a report on Wednesday, October 24th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $12.40.
Celestica (NYSE:CLS) (TSE:CLS) last issued its quarterly earnings data on Wednesday, October 24th. The technology company reported $0.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.12 by $0.14. The firm had revenue of $1.71 billion for the quarter, compared to analyst estimates of $1.69 billion. Celestica had a net margin of 0.82% and a return on equity of 4.03%. Analysts expect that Celestica Inc will post 0.39 earnings per share for the current year.
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Celestica Inc provides design, manufacturing, hardware platform, and supply chain solutions in Canada and internationally. The company offers a range of services, including design and development, engineering, 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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