Clark Capital Management Group Inc. Sells 132,893 Shares of Celestica Inc. (NYSE:CLS)

Clark Capital Management Group Inc. decreased its position in Celestica Inc. (NYSE:CLS - Free Report) TSE: CLS by 18.0% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 605,719 shares of the technology company's stock after selling 132,893 shares during the quarter. Clark Capital Management Group Inc. owned 0.52% of Celestica worth $55,908,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the company. Peregrine Capital Management LLC bought a new stake in Celestica during the fourth quarter worth about $30,000. Pinpoint Asset Management Ltd boosted its holdings in shares of Celestica by 109.6% in the 4th quarter. Pinpoint Asset Management Ltd now owns 348 shares of the technology company's stock worth $32,000 after acquiring an additional 182 shares in the last quarter. Bessemer Group Inc. bought a new stake in Celestica during the 4th quarter worth approximately $42,000. R Squared Ltd acquired a new stake in Celestica during the 4th quarter valued at $51,000. Finally, IFP Advisors Inc raised its position in Celestica by 122.7% in the 4th quarter. IFP Advisors Inc now owns 668 shares of the technology company's stock valued at $62,000 after purchasing an additional 368 shares during the last quarter. Institutional investors and hedge funds own 67.38% of the company's stock.

Analyst Upgrades and Downgrades

CLS has been the subject of a number of research analyst reports. Stifel Nicolaus boosted their target price on shares of Celestica from $140.00 to $150.00 and gave the stock a "buy" rating in a research note on Wednesday, February 19th. Argus dropped their price objective on shares of Celestica from $150.00 to $120.00 and set a "buy" rating for the company in a research report on Tuesday, April 29th. CIBC decreased their price objective on Celestica from $150.00 to $120.00 and set an "outperformer" rating on the stock in a research report on Tuesday, April 15th. TD Securities lifted their price objective on Celestica from $70.00 to $107.00 and gave the stock a "buy" rating in a research report on Tuesday, January 28th. Finally, JPMorgan Chase & Co. increased their price objective on shares of Celestica from $105.00 to $115.00 and gave the company an "overweight" rating in a report on Monday, April 28th. Two research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $105.42.

Celestica Stock Up 9.7%

NYSE CLS traded up $9.78 on Tuesday, reaching $110.10. The company had a trading volume of 4,555,303 shares, compared to its average volume of 3,190,841. The company's fifty day moving average is $85.70 and its 200-day moving average is $94.93. The firm has a market capitalization of $12.77 billion, a price-to-earnings ratio of 29.44 and a beta of 1.65. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.87 and a current ratio of 1.47. Celestica Inc. has a 1-year low of $40.25 and a 1-year high of $144.27.

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

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.