Axa S.A. Sells 96,233 Shares of Celestica Inc. (NYSE:CLS)

AXA S.A. trimmed its holdings in Celestica Inc. (NYSE:CLS - Free Report) TSE: CLS by 47.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 105,132 shares of the technology company's stock after selling 96,233 shares during the period. AXA S.A. owned about 0.09% of Celestica worth $9,704,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in CLS. FMR LLC raised its stake in shares of Celestica by 91.2% in the fourth quarter. FMR LLC now owns 11,688,700 shares of the technology company's stock worth $1,078,804,000 after purchasing an additional 5,574,342 shares during the last quarter. Arrowstreet Capital Limited Partnership boosted its holdings in Celestica by 64.6% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 3,572,988 shares of the technology company's stock worth $329,460,000 after acquiring an additional 1,401,877 shares during the last quarter. FIL Ltd raised its holdings in shares of Celestica by 5,976.1% in the fourth quarter. FIL Ltd now owns 3,463,729 shares of the technology company's stock valued at $319,662,000 after purchasing an additional 3,406,723 shares during the last quarter. Invesco Ltd. grew its position in Celestica by 20.2% in the 4th quarter. Invesco Ltd. now owns 2,942,816 shares of the technology company's stock worth $271,622,000 after purchasing an additional 494,542 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in Celestica by 49.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,173,318 shares of the technology company's stock valued at $200,601,000 after buying an additional 719,805 shares during the last quarter. Institutional investors and hedge funds own 67.38% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on CLS shares. JPMorgan Chase & Co. increased their price target on Celestica from $105.00 to $115.00 and gave the company an "overweight" rating in a research report on Monday, April 28th. TD Securities lifted their target price on Celestica from $70.00 to $107.00 and gave the stock a "buy" rating in a research note on Tuesday, January 28th. Royal Bank of Canada restated an "outperform" rating and set a $120.00 price target on shares of Celestica in a research report on Monday, April 28th. Cibc World Mkts upgraded shares of Celestica from a "hold" rating to a "strong-buy" rating in a research note on Friday, January 31st. Finally, CIBC dropped their price objective on Celestica from $150.00 to $120.00 and set an "outperformer" rating on the stock in a research note on Tuesday, April 15th. Two investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, Celestica has a consensus rating of "Moderate Buy" and a consensus price target of $105.42.

Celestica Price Performance

NYSE:CLS traded down $3.30 during trading hours on Friday, hitting $93.03. The stock had a trading volume of 2,692,143 shares, compared to its average volume of 3,166,787. The firm has a market capitalization of $10.79 billion, a price-to-earnings ratio of 24.87 and a beta of 1.65. Celestica Inc. has a one year low of $40.25 and a one year high of $144.27. The company has a 50 day simple moving average of $85.52 and a two-hundred day simple moving average of $94.27. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.47 and a quick ratio of 0.87.

Celestica (NYSE:CLS - Get Free Report) TSE: CLS last announced its quarterly earnings data on Thursday, April 24th. The technology company reported $1.20 EPS for the quarter, beating the consensus estimate of $1.10 by $0.10. The firm had revenue of $2.65 billion for the quarter, compared to analyst estimates of $2.56 billion. Celestica had a return on equity of 23.34% and a net margin of 4.61%. The company's revenue was up 19.9% on a year-over-year basis. During the same period in the prior year, the company earned $0.83 EPS. Research analysts forecast that Celestica Inc. will post 4.35 earnings per share for the current fiscal year.

Celestica Profile

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.