Penserra Capital Management LLC Has $2.14 Million Stock Position in Celestica, Inc. (NYSE:CLS)

Penserra Capital Management LLC decreased its holdings in shares of Celestica, Inc. (NYSE:CLS - Free Report) TSE: CLS by 46.2% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund 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 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of CLS. Rothschild Investment LLC acquired a new position in Celestica during the first quarter worth $26,000. ORG Partners LLC acquired a new stake in Celestica in the 1st quarter valued at approximately $29,000. Center for Financial Planning Inc. acquired a new stake in shares of Celestica in the first quarter worth $30,000. Pinpoint Asset Management Ltd grew its stake in shares of Celestica by 109.6% in the fourth quarter. Pinpoint Asset Management Ltd now owns 348 shares of the technology company's stock worth $32,000 after acquiring an additional 182 shares during the last quarter. Finally, Bessemer Group Inc. acquired a new stake in shares of Celestica in the fourth quarter worth $42,000. Institutional investors and hedge funds own 67.38% of the company's stock.

Celestica Price Performance

Celestica stock traded up $2.25 on Friday, reaching $161.08. The company's stock had a trading volume of 2,183,425 shares, compared to its average volume of 3,409,155. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.85 and a current ratio of 1.43. The company has a market cap of $18.52 billion, a price-to-earnings ratio of 44.37 and a beta of 1.81. The business's fifty day moving average price is $127.70 and its 200 day moving average price is $108.82. Celestica, Inc. has a twelve month low of $40.25 and a twelve month high of $163.95.

Celestica (NYSE:CLS - Get Free Report) TSE: CLS last announced its earnings results on Thursday, April 24th. The technology company reported $1.20 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 for the quarter, compared to analyst estimates of $2.56 billion. During the same period in the prior year, the business earned $0.83 earnings per share. Celestica's quarterly revenue was up 19.9% on a year-over-year basis. Equities analysts expect that Celestica, Inc. will post 4.35 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several analysts have issued reports on the stock. Royal Bank Of Canada restated an "outperform" rating and issued a $120.00 price target on shares of Celestica in a research report on Monday, April 28th. Wall Street Zen lowered Celestica from a "buy" rating to a "hold" rating in a report on Thursday, May 22nd. Argus decreased their price objective on Celestica from $150.00 to $120.00 and set a "buy" rating on the stock in a report on Tuesday, April 29th. BNP Paribas upgraded shares of Celestica to a "strong-buy" rating in a research note on Wednesday, June 11th. Finally, CIBC decreased their price target on shares of Celestica from $150.00 to $120.00 and set an "outperformer" rating on the stock in a research note on Tuesday, April 15th. Two research analysts have rated the stock with a hold rating, nine have issued a buy rating and two have issued 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.