Celestica, Inc. (NYSE:CLS) Stake Lessened by PFG Advisors

PFG Advisors decreased its position in Celestica, Inc. (NYSE:CLS - Free Report) TSE: CLS by 21.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,029 shares of the technology company's stock after selling 2,133 shares during the period. PFG Advisors' holdings in Celestica were worth $633,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. FMR LLC raised 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 acquiring an additional 5,574,342 shares in the last quarter. FIL Ltd grew its stake in Celestica by 5,976.1% in the 4th 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 period. Norges Bank purchased a new stake in Celestica in the 4th quarter valued at about $139,008,000. Polar Capital Holdings Plc increased its position in 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 purchasing an additional 1,433,681 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership boosted its holdings in Celestica by 64.6% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 3,572,988 shares of the technology company's stock worth $329,460,000 after acquiring an additional 1,401,877 shares during the period. Institutional investors and hedge funds own 67.38% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on CLS. Citigroup started coverage on shares of Celestica in a report on Monday. They set a "neutral" rating and a $172.00 price target for the company. Wall Street Zen downgraded shares of Celestica from a "buy" rating to a "hold" rating in a report on Thursday, May 22nd. CIBC lowered their target price on Celestica from $150.00 to $120.00 and set an "outperformer" rating for the company in a report on Tuesday, April 15th. JPMorgan Chase & Co. lifted their price objective on shares of Celestica from $115.00 to $170.00 and gave the company an "overweight" rating in a research report on Thursday, July 17th. Finally, BNP Paribas upgraded Celestica to a "strong-buy" rating in a research report on Wednesday, June 11th. Three investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $125.83.

Celestica Price Performance

Celestica stock traded up $6.01 during mid-day trading on Friday, hitting $169.99. The company's stock had a trading volume of 2,581,941 shares, compared to its average volume of 3,187,565. The stock has a market capitalization of $19.55 billion, a P/E ratio of 46.83 and a beta of 1.81. The company has a quick ratio of 0.85, a current ratio of 1.43 and a debt-to-equity ratio of 0.59. The stock's fifty day moving average price is $138.69 and its two-hundred day moving average price is $112.96. Celestica, Inc. has a twelve month low of $40.25 and a twelve month high of $173.63.

Celestica (NYSE:CLS - Get Free Report) TSE: CLS last announced its earnings results on Thursday, April 24th. The technology company reported $1.20 EPS for the quarter, beating the consensus estimate 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 25.57% and a net margin of 4.26%. Celestica's revenue was up 19.9% compared to the same quarter last year. During the same period in the prior year, the business posted $0.83 earnings per share. Research analysts forecast that Celestica, Inc. will post 4.35 earnings per share for the current 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.