Assenagon Asset Management S.A. Acquires New Holdings in Celestica, Inc. (NYSE:CLS)

Assenagon Asset Management S.A. purchased a new stake in shares of Celestica, Inc. (NYSE:CLS) (TSE:CLS) in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 5,267 shares of the technology company’s stock, valued at approximately $415,000.

Several other large investors have also recently modified their holdings of CLS. Vontobel Holding Ltd. bought a new position in Celestica during the fourth quarter worth $304,000. Truist Financial Corp grew its holdings in shares of Celestica by 12.8% during the fourth quarter. Truist Financial Corp now owns 12,579 shares of the technology company’s stock valued at $1,161,000 after buying an additional 1,424 shares during the last quarter. D.A. Davidson & CO. grew its holdings in shares of Celestica by 17.0% during the fourth quarter. D.A. Davidson & CO. now owns 14,250 shares of the technology company’s stock valued at $1,315,000 after buying an additional 2,075 shares during the last quarter. Atria Wealth Solutions Inc. acquired a new position in shares of Celestica during the fourth quarter valued at about $215,000. Finally, Peregrine Capital Management LLC bought a new position in shares of Celestica during the fourth quarter valued at about $30,000. Institutional investors own 67.38% of the company’s stock.

Celestica Price Performance

Shares of Celestica stock opened at $136.37 on Friday. The company has a fifty day moving average of $106.25 and a 200-day moving average of $102.32. Celestica, Inc. has a 52-week low of $40.25 and a 52-week high of $144.27. 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 $15.68 billion, a price-to-earnings ratio of 37.57 and a beta of 1.74.

Celestica (NYSE:CLS) (TSE:CLS) last posted its quarterly earnings results on Thursday, April 24th. The technology company reported $1.20 EPS for the quarter, beating analysts’ consensus estimates of $1.10 by $0.10. Celestica had a net margin of 4.26% and a return on equity of 25.57%. The company had revenue of $2.65 billion during the quarter, compared to analyst estimates of $2.56 billion. During the same period in the prior year, the business posted $0.83 EPS. The firm’s revenue was up 19.9% compared to the same quarter last year. Equities research analysts expect that Celestica, Inc. will post 4.35 EPS for the current year.

Analysts Set New Price Targets

CLS has been the topic of a number of recent analyst reports. BNP Paribas raised shares of Celestica to a “strong-buy” rating in a research report on Wednesday, June 11th. Royal Bank Of Canada reissued an “outperform” rating and issued a $120.00 price target on shares of Celestica in a research report on Monday, April 28th. Wall Street Zen cut shares of Celestica from a “buy” rating to a “hold” rating in a research note on Thursday, May 22nd. JPMorgan Chase & Co. boosted their price objective on shares of Celestica from $105.00 to $115.00 and gave the company an “overweight” rating in a research note on Monday, April 28th. Finally, 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 research note on Tuesday, April 15th. Two equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, 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.