Eaton Vance Management acquired a new position in Celestica Inc. (NYSE:CLS) during the second quarter, Holdings Channel reports. The fund acquired 199,972 shares of the company’s stock, valued at approximately $1,860,000. Eaton Vance Management owned approximately 0.14% of Celestica at the end of the most recent quarter.
A number of other hedge funds also recently bought and sold shares of the company. Letko Brosseau & Associates Inc. boosted its stake in Celestica by 11.1% in the second quarter. Letko Brosseau & Associates Inc. now owns 21,050,036 shares of the company’s stock valued at $194,497,000 after buying an additional 2,103,025 shares during the period. 1832 Asset Management L.P. boosted its stake in Celestica by 33.9% in the first quarter. 1832 Asset Management L.P. now owns 6,961,368 shares of the company’s stock valued at $124,751,000 after buying an additional 1,761,838 shares during the period. TD Asset Management Inc. boosted its stake in Celestica by 3.9% in the second quarter. TD Asset Management Inc. now owns 2,810,657 shares of the company’s stock valued at $26,014,000 after buying an additional 105,569 shares during the period. Royal Bank of Canada boosted its stake in Celestica by 26.0% in the first quarter. Royal Bank of Canada now owns 2,273,147 shares of the company’s stock valued at $24,959,000 after buying an additional 468,406 shares during the period. Finally, Norges Bank acquired a new stake in Celestica during the fourth quarter valued at approximately $17,261,000. Hedge funds and other institutional investors own 71.87% of the company’s stock.
Celestica Inc. (NYSE:CLS) traded down 0.75% during trading on Friday, reaching $10.56. The company had a trading volume of 39,319 shares. Celestica Inc. has a 12 month low of $8.07 and a 12 month high of $13.36. The company has a market capitalization of $1.48 billion, a P/E ratio of 18.18 and a beta of 1.25. The stock has a 50 day moving average of $10.74 and a 200-day moving average of $10.50.
Celestica (NYSE:CLS) last announced its earnings results on Thursday, July 21st. The company reported $0.29 EPS for the quarter, beating the consensus estimate of $0.28 by $0.01. Celestica had a return on equity of 10.26% and a net margin of 1.47%. The business earned $1.49 billion during the quarter, compared to the consensus estimate of $1.46 billion. During the same period in the prior year, the business posted $0.25 earnings per share. Equities research analysts expect that Celestica Inc. will post $1.17 EPS for the current fiscal year.
Several analysts have commented on CLS shares. Canaccord Genuity upgraded Celestica from a “hold” rating to a “buy” rating and set a $12.00 price target for the company in a report on Friday, July 22nd. B. Riley restated a “neutral” rating and issued a $11.00 price target on shares of Celestica in a report on Monday, July 25th. Zacks Investment Research upgraded Celestica from a “hold” rating to a “strong-buy” rating and set a $13.00 price target for the company in a report on Wednesday, July 27th. Finally, Macquarie cut Celestica from an “outperform” rating to a “neutral” rating in a report on Friday, July 29th. Eight analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $12.71.
Celestica Company Profile
Celestica Inc is a provider of supply chain solutions in the communications, consumer, diversified, servers and storage end markets. The Company operates in electronics manufacturing services business segment. The Company offers a range of services to its customers, including design and development, engineering services, 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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