Aigen Investment Management LP Has $448,000 Holdings in Celestica, Inc. (NYSE:CLS)

Key Points

• Aigen Investment Management LP has reduced its holdings in Celestica, Inc. by 47.5%, selling 5,142 shares and retaining 5,685 shares valued at $448,000.
• Celestica reported a quarterly earnings per share (EPS) of $1.39, beating estimates of $1.23, with a year-over-year revenue increase of 21.0%.
• Analyst ratings have improved, with Royal Bank of Canada increasing its price target from $185 to $225 and multiple analysts upgrading the stock to a "buy" rating.

Aigen Investment Management LP cut its stake in Celestica, Inc. (NYSE:CLS - Free Report) TSE: CLS by 47.5% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 5,685 shares of the technology company's stock after selling 5,142 shares during the quarter. Aigen Investment Management LP's holdings in Celestica were worth $448,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of CLS. Polar Capital Holdings Plc raised its stake in shares of Celestica by 822.6% during the 4th quarter. Polar Capital Holdings Plc now owns 1,607,969 shares of the technology company's stock worth $148,416,000 after buying an additional 1,433,681 shares during the period. Balyasny Asset Management L.P. raised its stake in Celestica by 799.0% in the 4th quarter. Balyasny Asset Management L.P. now owns 802,227 shares of the technology company's stock valued at $74,044,000 after purchasing an additional 916,991 shares during the last quarter. Dimensional Fund Advisors LP raised 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 purchasing an additional 719,805 shares during the last quarter. BNP Paribas Financial Markets acquired a new position in Celestica in the 4th quarter valued at $51,043,000. Finally, Raymond James Financial Inc. acquired a new position in Celestica in the 4th quarter valued at $47,685,000. 67.38% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms recently commented on CLS. Barclays increased their price objective on Celestica from $146.00 to $220.00 and gave the company an "overweight" rating in a research note on Wednesday, July 30th. Canaccord Genuity Group upped their target price on Celestica from $126.00 to $240.00 and gave the company a "buy" rating in a report on Wednesday, July 30th. BNP Paribas upgraded Celestica to a "strong-buy" rating in a report on Wednesday, June 11th. Wall Street Zen upgraded Celestica from a "hold" rating to a "buy" rating in a report on Saturday, August 2nd. Finally, UBS Group restated a "neutral" rating and issued a $208.00 target price (up from $101.00) on shares of Celestica in a report on Wednesday, July 30th. Two analysts have rated the stock with a hold rating, ten have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, Celestica presently has a consensus rating of "Buy" and a consensus target price of $168.92.

Celestica Price Performance

Shares of NYSE:CLS traded down $1.13 on Friday, hitting $195.51. The company had a trading volume of 2,428,296 shares, compared to its average volume of 4,372,553. The company has a market cap of $22.49 billion, a PE ratio of 42.32 and a beta of 1.80. The business has a 50 day moving average of $162.95 and a 200 day moving average of $122.20. Celestica, Inc. has a 52-week low of $40.65 and a 52-week high of $218.80. The company has a current ratio of 1.44, a quick ratio of 0.86 and a debt-to-equity ratio of 0.48.

Celestica (NYSE:CLS - Get Free Report) TSE: CLS last released its earnings results on Monday, July 28th. The technology company reported $1.39 EPS for the quarter, topping analysts' consensus estimates of $1.23 by $0.16. Celestica had a return on equity of 28.23% and a net margin of 5.11%. The company had revenue of $2.89 billion for the quarter, compared to the consensus estimate of $2.65 billion. During the same quarter last year, the business posted $0.91 EPS. Celestica's quarterly revenue was up 21.0% compared to the same quarter last year. As a group, equities analysts anticipate that Celestica, Inc. will post 4.35 earnings per share for the current fiscal year.

Celestica Company 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.