Celestica, Inc. (NYSE:CLS) Stock Position Reduced by Scotia Capital Inc.

Key Points

• Scotia Capital Inc. reduced its position in Celestica, Inc. by 52.7% in Q1, resulting in ownership of 23,473 shares valued at approximately $1.85 million.
• Analysts have generally upgraded their ratings, with Canaccord Genuity increasing its price target to $240.00 and most others maintaining a "buy" or "neutral" rating.
• Celestica's stock has experienced significant movements, with a current market cap of $22.58 billion and a fifty-two week high of $214.47.

Scotia Capital Inc. lessened its position in shares of Celestica, Inc. (NYSE:CLS - Free Report) TSE: CLS by 52.7% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 23,473 shares of the technology company's stock after selling 26,165 shares during the period. Scotia Capital Inc.'s holdings in Celestica were worth $1,848,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the company. CoreCap Advisors LLC lifted its holdings in Celestica by 5.4% during the 4th quarter. CoreCap Advisors LLC now owns 1,760 shares of the technology company's stock worth $162,000 after buying an additional 90 shares during the last quarter. First National Bank of Hutchinson raised its position in shares of Celestica by 2.5% during the 1st quarter. First National Bank of Hutchinson now owns 4,914 shares of the technology company's stock worth $387,000 after purchasing an additional 120 shares during the period. Private Trust Co. NA raised its position in shares of Celestica by 14.1% during the 1st quarter. Private Trust Co. NA now owns 993 shares of the technology company's stock worth $78,000 after purchasing an additional 123 shares during the period. Csenge Advisory Group raised its position in shares of Celestica by 7.1% during the 1st quarter. Csenge Advisory Group now owns 2,593 shares of the technology company's stock worth $218,000 after purchasing an additional 171 shares during the period. Finally, Bay Rivers Group raised its position in shares of Celestica by 1.1% during the 1st quarter. Bay Rivers Group now owns 19,494 shares of the technology company's stock worth $1,536,000 after purchasing an additional 215 shares during the period. Institutional investors own 67.38% of the company's stock.

Analyst Ratings Changes

CLS has been the topic of a number of research reports. Canaccord Genuity Group increased their price target on Celestica from $126.00 to $240.00 and gave the stock a "buy" rating in a research report on Wednesday, July 30th. Wall Street Zen upgraded Celestica from a "hold" rating to a "buy" rating in a research report on Saturday. Citigroup increased their price target on Celestica from $172.00 to $212.00 and gave the stock a "neutral" rating in a research report on Wednesday, July 30th. BMO Capital Markets reiterated an "outperform" rating and set a $130.00 price target (up from $118.00) on shares of Celestica in a research report on Thursday, May 22nd. Finally, UBS Group restated a "neutral" rating and issued a $208.00 target price (up from $101.00) on shares of Celestica in a research report on Wednesday, July 30th. Two investment analysts have rated the stock with a hold rating, ten have given a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, Celestica has an average rating of "Buy" and an average price target of $168.92.

Celestica Stock Performance

CLS opened at $196.34 on Wednesday. The firm has a market cap of $22.58 billion, a PE ratio of 42.50 and a beta of 1.80. The company has a quick ratio of 0.86, a current ratio of 1.44 and a debt-to-equity ratio of 0.48. The business has a fifty day simple moving average of $150.95 and a 200-day simple moving average of $117.91. Celestica, Inc. has a fifty-two week low of $40.65 and a fifty-two week high of $214.47.

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.

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