Cidel Asset Management Inc. Raises Position in Celestica, Inc. (CLS)

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Cidel Asset Management Inc. raised its position in shares of Celestica, Inc. (NYSE:CLS) (TSE:CLS) by 0.1% during the third quarter, according to its most recent filing with the SEC. The fund owned 2,332,632 shares of the company’s stock after buying an additional 2,432 shares during the period. Celestica comprises 1.4% of Cidel Asset Management Inc.’s investment portfolio, making the stock its 24th largest position. Cidel Asset Management Inc. owned approximately 1.67% of Celestica worth $25,234,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in the stock. Stevens Capital Management LP acquired a new stake in shares of Celestica during the second quarter worth approximately $100,000. Prudential Financial Inc. boosted its stake in shares of Celestica by 2.6% in the second quarter. Prudential Financial Inc. now owns 12,272 shares of the company’s stock worth $114,000 after buying an additional 316 shares during the period. Campbell & CO Investment Adviser LLC acquired a new stake in shares of Celestica during the third quarter worth approximately $123,000. Walleye Trading LLC boosted its stake in shares of Celestica by 2.3% in the second quarter. Walleye Trading LLC now owns 14,000 shares of the company’s stock worth $130,000 after buying an additional 318 shares during the period. Finally, Airain ltd boosted its stake in shares of Celestica by 49.6% in the second quarter. Airain ltd now owns 17,163 shares of the company’s stock worth $160,000 after buying an additional 5,688 shares during the period. Hedge funds and other institutional investors own 71.24% of the company’s stock.

Institutional Ownership by Quarter for Celestica (NYSE:CLS)

Shares of Celestica, Inc. (NYSE:CLS) opened at 13.88 on Wednesday. The stock has a market cap of $1.96 billion, a price-to-earnings ratio of 14.61 and a beta of 1.07. Celestica, Inc. has a 52-week low of $8.53 and a 52-week high of $14.54. The stock’s 50 day moving average is $12.28 and its 200 day moving average is $11.44.

Celestica (NYSE:CLS) last posted its quarterly earnings data on Thursday, January 26th. The company reported $0.41 EPS for the quarter, beating the Zacks’ consensus estimate of $0.32 by $0.09. Celestica had a net margin of 2.27% and a return on equity of 14.03%. The company had revenue of $1.62 billion for the quarter, compared to analyst estimates of $1.55 billion. During the same period in the prior year, the firm posted $0.27 EPS. The company’s quarterly revenue was up 7.2% on a year-over-year basis. On average, equities analysts predict that Celestica, Inc. will post $1.28 EPS for the current fiscal year.

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A number of analysts have recently commented on the stock. Stifel Nicolaus boosted their target price on shares of Celestica from $11.00 to $12.00 and gave the company a “hold” rating in a report on Friday, January 27th. B. Riley reiterated a “neutral” rating and issued a $11.75 price target on shares of Celestica in a research note on Sunday, October 23rd. Zacks Investment Research upgraded shares of Celestica from a “hold” rating to a “buy” rating and set a $13.00 price target on the stock in a research note on Wednesday, October 26th. RBC Capital Markets reiterated a “hold” rating and issued a $13.00 price target on shares of Celestica in a research note on Thursday, January 12th. Finally, BMO Capital Markets set a $15.00 price target on shares of Celestica and gave the stock a “hold” rating in a research note on Friday, January 27th. Nine analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $13.14.

About Celestica

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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