WCM Investment Management LLC Sells 866,690 Shares of Celestica, Inc. (NYSE:CLS)

WCM Investment Management LLC decreased its position in Celestica, Inc. (NYSE:CLS - Free Report) TSE: CLS by 47.2% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 969,208 shares of the technology company's stock after selling 866,690 shares during the period. WCM Investment Management LLC owned about 0.84% of Celestica worth $80,144,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of CLS. IFP Advisors Inc lifted its holdings in Celestica by 122.7% during the fourth quarter. IFP Advisors Inc now owns 668 shares of the technology company's stock valued at $62,000 after purchasing an additional 368 shares during the last quarter. Bank of New York Mellon Corp raised its position in shares of Celestica by 31.4% in the fourth 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. Oppenheimer & Co. Inc. lifted its stake in shares of Celestica by 42.1% during the 4th quarter. Oppenheimer & Co. Inc. now owns 16,450 shares of the technology company's stock valued at $1,518,000 after buying an additional 4,874 shares in the last quarter. SVB Wealth LLC bought a new position in Celestica in the 4th quarter worth approximately $478,000. Finally, Jones Financial Companies Lllp boosted its holdings in Celestica by 4.6% in the 4th quarter. Jones Financial Companies Lllp now owns 2,034 shares of the technology company's stock worth $188,000 after buying an additional 89 shares during the period. 67.38% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research firms have issued reports on CLS. Royal Bank Of Canada restated an "outperform" rating and set a $120.00 target price on shares of Celestica in a research report on Monday, April 28th. BNP Paribas raised Celestica to a "strong-buy" rating in a report on Wednesday, June 11th. Barclays restated an "overweight" rating and issued a $146.00 target price (up previously from $126.00) on shares of Celestica in a research note on Tuesday, June 10th. CIBC decreased their price target on Celestica from $150.00 to $120.00 and set an "outperformer" rating on the stock in a research report on Tuesday, April 15th. Finally, JPMorgan Chase & Co. increased their price target on shares of Celestica from $105.00 to $115.00 and gave the stock an "overweight" rating in a report on Monday, April 28th. Two research analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, Celestica has an average rating of "Buy" and a consensus price target of $116.64.

Celestica Price Performance

Celestica stock traded up $5.66 during mid-day trading on Friday, hitting $160.56. 2,227,845 shares of the company traded hands, compared to its average volume of 3,387,199. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.85 and a current ratio of 1.43. Celestica, Inc. has a one year low of $40.25 and a one year high of $160.63. The stock has a market cap of $18.46 billion, a price-to-earnings ratio of 44.23 and a beta of 1.81. The stock has a fifty day moving average price of $120.75 and a 200-day moving average price of $106.75.

Celestica (NYSE:CLS - Get Free Report) TSE: CLS last posted its quarterly earnings data on Thursday, April 24th. The technology company reported $1.20 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.10 by $0.10. Celestica had a net margin of 4.26% and a return on equity of 25.57%. The company had revenue of $2.65 billion during the quarter, compared to the consensus estimate of $2.56 billion. During the same period in the previous year, the firm posted $0.83 EPS. The firm's revenue was up 19.9% compared to the same quarter last year. On average, equities analysts predict 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.