UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $13.15 Million Stock Holdings in Celestica Inc. (NYSE:CLS)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC cut its stake in shares of Celestica Inc. (NYSE:CLS - Free Report) TSE: CLS by 3.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 142,496 shares of the technology company's stock after selling 4,407 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.12% of Celestica worth $13,152,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of CLS. Peregrine Capital Management LLC acquired a new position in shares of Celestica during the 4th quarter worth approximately $30,000. Pinpoint Asset Management Ltd boosted its stake in shares of Celestica by 109.6% in the fourth quarter. Pinpoint Asset Management Ltd now owns 348 shares of the technology company's stock valued at $32,000 after buying an additional 182 shares during the period. Bessemer Group Inc. acquired a new stake in Celestica during the fourth quarter worth approximately $42,000. R Squared Ltd bought a new position in Celestica during the 4th quarter worth $51,000. Finally, IFP Advisors Inc increased its stake in Celestica by 122.7% during the 4th quarter. IFP Advisors Inc now owns 668 shares of the technology company's stock worth $62,000 after acquiring an additional 368 shares during the period. 67.38% of the stock is currently owned by institutional investors and hedge funds.

Celestica Price Performance

Shares of CLS traded up $4.89 during trading hours on Tuesday, reaching $121.53. The stock had a trading volume of 3,279,224 shares, compared to its average volume of 3,261,741. The company's 50-day moving average is $93.95 and its two-hundred day moving average is $99.05. Celestica Inc. has a 12 month low of $40.25 and a 12 month high of $144.27. The stock has a market capitalization of $14.05 billion, a PE ratio of 32.49 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 (NYSE:CLS - Get Free Report) TSE: CLS last issued its quarterly earnings data on Thursday, April 24th. The technology company reported $1.20 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.10 by $0.10. Celestica had a net margin of 4.61% and a return on equity of 23.34%. The business had revenue of $2.65 billion during the quarter, compared to analyst estimates of $2.56 billion. During the same quarter last year, the business earned $0.83 EPS. The firm's quarterly revenue was up 19.9% on a year-over-year basis. Research analysts expect that Celestica Inc. will post 4.35 EPS for the current year.

Analyst Upgrades and Downgrades

CLS has been the topic of several analyst reports. JPMorgan Chase & Co. increased their target price on Celestica from $105.00 to $115.00 and gave the stock an "overweight" rating in a report on Monday, April 28th. Royal Bank of Canada reiterated an "outperform" rating and set a $120.00 price objective on shares of Celestica in a research note on Monday, April 28th. CIBC decreased their target price on shares of Celestica from $150.00 to $120.00 and set an "outperformer" rating on the stock in a report on Tuesday, April 15th. Barclays cut their price target on shares of Celestica from $157.00 to $126.00 and set an "overweight" rating for the company in a report on Monday, April 28th. Finally, Wall Street Zen cut shares of Celestica from a "buy" rating to a "hold" rating in a research note on Thursday, May 22nd. Two research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Celestica currently has an average rating of "Moderate Buy" and a consensus target price of $114.82.

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.