Penserra Capital Management LLC Sells 23,313 Shares of Celestica, Inc. (NYSE:CLS)

Penserra Capital Management LLC lowered its position in Celestica, Inc. (NYSE:CLS - Free Report) TSE: CLS by 46.2% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor 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 SEC filing.

A number of other large investors have also made changes to their positions in the company. Independent Advisor Alliance increased 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 valued at $2,731,000 after buying an additional 79 shares in the last quarter. Jones Financial Companies Lllp increased its position 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 buying an additional 89 shares in the last quarter. CoreCap Advisors LLC increased its position 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 buying an additional 90 shares in the last quarter. Private Trust Co. NA increased its position 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 buying an additional 123 shares in the last quarter. Finally, Pinpoint Asset Management Ltd increased its position in shares of Celestica by 109.6% in the 4th quarter. Pinpoint Asset Management Ltd now owns 348 shares of the technology company's stock valued at $32,000 after buying an additional 182 shares in the last quarter. Institutional investors own 67.38% of the company's stock.

Celestica Stock Performance

NYSE:CLS traded down $1.86 during mid-day trading on Thursday, hitting $159.04. The stock had a trading volume of 2,920,771 shares, compared to its average volume of 3,400,657. Celestica, Inc. has a twelve month low of $40.25 and a twelve month high of $164.00. The stock has a market cap of $18.29 billion, a price-to-earnings ratio of 43.82 and a beta of 1.81. The company's 50 day simple moving average is $124.97 and its 200 day simple moving average is $107.96. 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 (NYSE:CLS - Get Free Report) TSE: CLS last issued its earnings results 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 business had revenue of $2.65 billion during the quarter, compared to the consensus estimate of $2.56 billion. During the same period last year, the business posted $0.83 EPS. Celestica's revenue was up 19.9% on a year-over-year basis. On average, equities research analysts forecast that Celestica, Inc. will post 4.35 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities analysts have issued reports on CLS shares. Barclays reiterated an "overweight" rating and set a $146.00 target price (up previously from $126.00) on shares of Celestica in a report on Tuesday, June 10th. Royal Bank Of Canada restated an "outperform" rating and set a $120.00 price objective on shares of Celestica in a research note on Monday, April 28th. Wall Street Zen downgraded shares of Celestica from a "buy" rating to a "hold" rating in a research note on Thursday, May 22nd. BMO Capital Markets restated an "outperform" rating and set a $130.00 price objective (up from $118.00) on shares of Celestica in a research note on Thursday, May 22nd. Finally, JPMorgan Chase & Co. increased their price objective on shares of Celestica from $105.00 to $115.00 and gave the stock an "overweight" rating in a research note on Monday, April 28th. Two investment analysts have rated the stock with a hold rating, nine have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus 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.