Celestica, Inc. (NYSE:CLS) Shares Sold by Penserra Capital Management LLC

Penserra Capital Management LLC cut its stake in Celestica, Inc. (NYSE:CLS - Free Report) TSE: CLS by 46.2% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 27,167 shares of the technology company's stock after selling 23,313 shares during the quarter. Penserra Capital Management LLC's holdings in Celestica were worth $2,141,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Independent Advisor Alliance boosted its position in shares of Celestica by 0.3% in the 4th quarter. Independent Advisor Alliance now owns 29,588 shares of the technology company's stock worth $2,731,000 after purchasing an additional 79 shares in the last quarter. Jones Financial Companies Lllp increased its stake in shares of Celestica by 4.6% in the 4th quarter. Jones Financial Companies Lllp now owns 2,034 shares of the technology company's stock valued at $188,000 after purchasing an additional 89 shares in the last quarter. CoreCap Advisors LLC increased its stake in shares of Celestica by 5.4% in the 4th quarter. CoreCap Advisors LLC now owns 1,760 shares of the technology company's stock valued at $162,000 after purchasing an additional 90 shares in the last quarter. Private Trust Co. NA increased its stake in shares of Celestica by 14.1% in the 1st quarter. Private Trust Co. NA now owns 993 shares of the technology company's stock valued at $78,000 after purchasing an additional 123 shares in the last quarter. Finally, Pinpoint Asset Management Ltd increased its stake in Celestica by 109.6% during the 4th quarter. Pinpoint Asset Management Ltd now owns 348 shares of the technology company's stock worth $32,000 after buying an additional 182 shares in the last quarter. 67.38% of the stock is currently owned by hedge funds and other institutional investors.

Celestica Stock Performance

NYSE CLS traded up $1.60 during trading hours on Tuesday, hitting $155.60. The company had a trading volume of 2,983,119 shares, compared to its average volume of 3,386,029. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.85 and a current ratio of 1.43. Celestica, Inc. has a 1-year low of $40.25 and a 1-year high of $160.63. The company has a market cap of $17.89 billion, a PE ratio of 42.87 and a beta of 1.81. The business has a 50 day moving average of $122.08 and a 200-day moving average of $107.26.

Celestica (NYSE:CLS - Get Free Report) TSE: CLS last released its quarterly earnings data on Thursday, April 24th. The technology company reported $1.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.10 by $0.10. Celestica had a net margin of 4.26% and a return on equity of 25.57%. The company had revenue of $2.65 billion during the quarter, compared to the consensus estimate of $2.56 billion. During the same quarter in the prior year, the firm posted $0.83 earnings per share. Celestica's revenue for the quarter was up 19.9% on a year-over-year basis. As a group, equities research analysts expect that Celestica, Inc. will post 4.35 EPS for the current year.

Analysts Set New Price Targets

Several equities research analysts have commented on the company. BNP Paribas upgraded Celestica to a "strong-buy" rating in a research note on Wednesday, June 11th. CIBC decreased their price objective on Celestica from $150.00 to $120.00 and set an "outperformer" rating on the stock in a report on Tuesday, April 15th. Wall Street Zen cut Celestica from a "buy" rating to a "hold" rating in a research note on Thursday, May 22nd. Barclays restated an "overweight" rating and set a $146.00 price target (up from $126.00) on shares of Celestica in a research note on Tuesday, June 10th. Finally, Argus cut their price objective on Celestica from $150.00 to $120.00 and set a "buy" rating on the stock in a research report on Tuesday, April 29th. Two investment analysts have rated the stock with a hold rating, nine have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Buy" and a consensus price target of $116.64.

About Celestica

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.