Penserra Capital Management LLC lowered its position in shares of Celestica, Inc. (NYSE:CLS - Free Report) TSE: CLS by 46.2% during the first quarter, according to the company in its most recent disclosure 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 period. Penserra Capital Management LLC's holdings in Celestica were worth $2,141,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds have also added to or reduced their stakes in the company. Bank of New York Mellon Corp increased its holdings in shares of Celestica by 22.3% during the first quarter. Bank of New York Mellon Corp now owns 121,467 shares of the technology company's stock worth $9,573,000 after purchasing an additional 22,120 shares during the period. World Investment Advisors bought a new stake in shares of Celestica in the first quarter valued at approximately $249,000. Wayfinding Financial LLC bought a new position in Celestica during the 1st quarter worth $84,000. GF Fund Management CO. LTD. acquired a new position in Celestica in the 1st quarter valued at $236,000. Finally, Aviance Capital Partners LLC lifted its position in shares of Celestica by 9.8% during the 1st quarter. Aviance Capital Partners LLC now owns 12,335 shares of the technology company's stock valued at $972,000 after acquiring an additional 1,100 shares during the period. 67.38% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
A number of research analysts recently commented on CLS shares. Wall Street Zen downgraded Celestica from a "buy" rating to a "hold" rating in a research note on Thursday, May 22nd. CIBC cut their price target on shares of Celestica from $150.00 to $120.00 and set an "outperformer" rating for the company in a report on Tuesday, April 15th. BMO Capital Markets reiterated an "outperform" rating and set a $130.00 price target (up previously from $118.00) on shares of Celestica in a research report on Thursday, May 22nd. Royal Bank Of Canada restated an "outperform" rating and set a $120.00 price objective on shares of Celestica in a research report on Monday, April 28th. Finally, Barclays restated an "overweight" rating and set a $146.00 target price (up from $126.00) on shares of Celestica in a research note on Tuesday, June 10th. Two analysts have rated the stock with a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, Celestica currently has a consensus rating of "Buy" and a consensus price target of $116.64.
Read Our Latest Research Report on CLS
Celestica Trading Up 3.5%
Shares of NYSE:CLS traded up $5.46 during midday trading on Wednesday, hitting $161.16. 3,370,039 shares of the stock were exchanged, compared to its average volume of 3,402,275. The business's 50-day moving average price is $124.97 and its 200 day moving average price is $107.96. Celestica, Inc. has a 12 month low of $40.25 and a 12 month high of $163.91. 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 stock has a market capitalization of $18.53 billion, a price-to-earnings ratio of 44.40 and a beta of 1.81.
Celestica (NYSE:CLS - Get Free Report) TSE: CLS last posted its earnings results on Thursday, April 24th. The technology company reported $1.20 earnings per share for the quarter, topping analysts' consensus estimates of $1.10 by $0.10. The firm had revenue of $2.65 billion for the quarter, compared to analyst estimates of $2.56 billion. Celestica had a net margin of 4.26% and a return on equity of 25.57%. The company's revenue for the quarter was up 19.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.83 EPS. Analysts predict that Celestica, Inc. will post 4.35 earnings per share for the current year.
About Celestica
(
Free Report)
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.
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