Celestica, Inc. (NYSE:CLS) Shares Sold by Kendall Capital Management

Kendall Capital Management cut its holdings in Celestica, Inc. (NYSE:CLS - Free Report) TSE: CLS by 5.8% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 35,750 shares of the technology company's stock after selling 2,220 shares during the quarter. Kendall Capital Management's holdings in Celestica were worth $2,817,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. FMR LLC boosted its stake in Celestica by 91.2% during the 4th 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 lifted its stake in shares of Celestica by 64.6% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 3,572,988 shares of the technology company's stock worth $329,460,000 after buying an additional 1,401,877 shares in the last quarter. FIL Ltd boosted its position in Celestica by 5,976.1% during the fourth quarter. FIL Ltd now owns 3,463,729 shares of the technology company's stock worth $319,662,000 after acquiring an additional 3,406,723 shares during the last quarter. Invesco Ltd. grew its stake in Celestica by 20.2% during the 4th quarter. Invesco Ltd. now owns 2,942,816 shares of the technology company's stock valued at $271,622,000 after acquiring an additional 494,542 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in Celestica by 49.5% during 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 acquiring an additional 719,805 shares in the last quarter. 67.38% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on CLS shares. JPMorgan Chase & Co. boosted 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. Barclays reissued an "overweight" rating and set a $146.00 price objective (up previously from $126.00) on shares of Celestica in a research note on Tuesday, June 10th. Argus reduced their price target on Celestica from $150.00 to $120.00 and set a "buy" rating on the stock in a report on Tuesday, April 29th. Wall Street Zen lowered shares of Celestica from a "buy" rating to a "hold" rating in a report on Thursday, May 22nd. Finally, BMO Capital Markets restated an "outperform" rating and set a $130.00 price objective (up from $118.00) on shares of Celestica in a research report on Thursday, May 22nd. Two investment analysts have rated the stock with a hold rating, nine have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, Celestica currently has a consensus rating of "Buy" and a consensus target price of $116.64.

Celestica Trading Up 3.7%

Shares of NYSE:CLS traded up $5.66 during mid-day trading on Thursday, reaching $160.56. 2,227,845 shares of the company were exchanged, compared to its average volume of 3,368,794. Celestica, Inc. has a 1 year low of $40.25 and a 1 year high of $160.71. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.43 and a quick ratio of 0.85. The firm's 50-day simple moving average is $117.95 and its 200 day simple moving average is $105.79. The firm has a market cap of $18.46 billion, a price-to-earnings ratio of 44.23 and a beta of 1.81.

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 for the quarter, beating analysts' consensus estimates of $1.10 by $0.10. Celestica had a return on equity of 25.57% and a net margin of 4.26%. The business had revenue of $2.65 billion during the quarter, compared to analysts' expectations of $2.56 billion. During the same period in the previous year, the firm posted $0.83 earnings per share. The company's revenue was up 19.9% on a year-over-year basis. Equities research analysts forecast that Celestica, Inc. will post 4.35 EPS for the current 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.