Swiss National Bank Maintains Stake in Celestica Inc. (CLS)
Swiss National Bank continued to hold its position in shares of Celestica Inc. (NYSE:CLS) during the second quarter, Holdings Channel reports. The institutional investor owned 211,500 shares of the company’s stock at the end of the second quarter. Swiss National Bank owned about 0.15% of Celestica worth $1,958,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in CLS. Envestnet Asset Management Inc. boosted its position in shares of Celestica by 30.8% in the first quarter. Envestnet Asset Management Inc. now owns 10,089 shares of the company’s stock valued at $111,000 after buying an additional 2,377 shares during the period. Fox Run Management L.L.C. bought a new stake in shares of Celestica during the second quarter valued at about $135,000. Quadrature Capital Ltd bought a new stake in shares of Celestica during the first quarter valued at about $416,000. Scotia Capital Inc. boosted its stake in shares of Celestica by 61.6% in the first quarter. Scotia Capital Inc. now owns 65,860 shares of the company’s stock valued at $718,000 after buying an additional 25,108 shares during the period. Finally, Aperio Group LLC boosted its stake in shares of Celestica by 9.1% in the first quarter. Aperio Group LLC now owns 102,356 shares of the company’s stock valued at $1,124,000 after buying an additional 8,579 shares during the period. 71.87% of the stock is currently owned by institutional investors.
Shares of Celestica Inc. (NYSE:CLS) traded up 1.26% during trading on Wednesday, reaching $10.47. The company had a trading volume of 176,171 shares. The firm has a market capitalization of $1.47 billion, a PE ratio of 18.02 and a beta of 1.25. Celestica Inc. has a 1-year low of $8.07 and a 1-year high of $13.36. The firm has a 50-day moving average of $10.78 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 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.28 by $0.01. The company had revenue of $1.49 billion for the quarter, compared to analyst estimates of $1.46 billion. Celestica had a return on equity of 10.26% and a net margin of 1.47%. During the same quarter in the previous year, the company earned $0.25 earnings per share. Analysts expect that Celestica Inc. will post $1.17 earnings per share for the current year.
Several analysts have issued reports on the company. Zacks Investment Research cut Celestica from a “buy” rating to a “hold” rating in a research report on Wednesday. Canaccord Genuity reaffirmed a “buy” rating and set a $12.00 target price on shares of Celestica in a research report on Thursday, August 11th. Macquarie cut Celestica from an “outperform” rating to a “neutral” rating in a research report on Friday, July 29th. Finally, B. Riley reaffirmed a “neutral” rating and set a $11.00 target price on shares of Celestica in a research report on Monday, July 25th. Eight equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Celestica presently has a consensus rating of “Hold” and an average target price of $12.71.
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.
Want to see what other hedge funds are holding CLS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Celestica Inc. (NYSE:CLS).
Receive News & Ratings for Celestica Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Celestica Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.