Celestica, Inc. (NYSE:CLS) Shares Sold by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC decreased its position in shares of Celestica, Inc. (NYSE:CLS - Free Report) TSE: CLS by 71.3% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 30,692 shares of the technology company's stock after selling 76,435 shares during the period. Allspring Global Investments Holdings LLC's holdings in Celestica were worth $2,419,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the company. Bank of New York Mellon Corp boosted its position in shares of Celestica by 31.4% in the 4th quarter. Bank of New York Mellon Corp now owns 99,347 shares of the technology company's stock valued at $9,170,000 after purchasing an additional 23,725 shares during the period. Jones Financial Companies Lllp boosted its position in shares of Celestica by 4.6% in the 4th quarter. Jones Financial Companies Lllp now owns 2,034 shares of the technology company's stock valued at $188,000 after purchasing an additional 89 shares during the period. Assetmark Inc. boosted its position in shares of Celestica by 8,394.4% in the 4th quarter. Assetmark Inc. now owns 4,587 shares of the technology company's stock valued at $423,000 after purchasing an additional 4,533 shares during the period. Raymond James Financial Inc. acquired a new stake in shares of Celestica in the 4th quarter valued at about $47,685,000. Finally, Larson Financial Group LLC boosted its position in shares of Celestica by 18.5% in the 4th quarter. Larson Financial Group LLC now owns 4,722 shares of the technology company's stock valued at $436,000 after purchasing an additional 738 shares during the period. 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. BNP Paribas raised Celestica to a "strong-buy" rating in a research report on Wednesday, June 11th. BMO Capital Markets reaffirmed an "outperform" rating and set a $130.00 price objective (up from $118.00) on shares of Celestica in a research note on Thursday, May 22nd. Barclays reaffirmed an "overweight" rating and set a $146.00 price objective (up from $126.00) on shares of Celestica in a research note on Tuesday, June 10th. Wall Street Zen downgraded Celestica from a "buy" rating to a "hold" rating in a research note on Thursday, May 22nd. Finally, CIBC reduced their price objective on 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 assigned a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Buy" and an average target price of $116.64.

Celestica Price Performance

NYSE CLS traded up $2.25 during mid-day trading on Friday, hitting $161.08. The stock had a trading volume of 2,183,425 shares, compared to its average volume of 3,404,064. Celestica, Inc. has a 52-week low of $40.25 and a 52-week high of $163.95. The company has a market cap of $18.52 billion, a price-to-earnings ratio of 44.37 and a beta of 1.81. The company has a 50 day simple moving average of $126.36 and a 200 day simple moving average of $108.39. The company has a quick ratio of 0.85, a current ratio of 1.43 and a debt-to-equity ratio of 0.59.

Celestica (NYSE:CLS - Get Free Report) TSE: CLS last released its quarterly earnings data on Thursday, April 24th. The technology company reported $1.20 earnings per share for the quarter, beating the consensus estimate of $1.10 by $0.10. Celestica had a return on equity of 25.57% and a net margin of 4.26%. The firm had revenue of $2.65 billion during the quarter, compared to the consensus estimate of $2.56 billion. During the same period last year, the business posted $0.83 EPS. Celestica's quarterly revenue was up 19.9% on a year-over-year basis. Equities analysts forecast that Celestica, Inc. will post 4.35 EPS 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.