Celestica, Inc. (NYSE:CLS) Shares Sold by K.J. Harrison & Partners Inc

K.J. Harrison & Partners Inc decreased its holdings in shares of Celestica, Inc. (NYSE:CLS - Free Report) TSE: CLS by 53.6% during the first quarter, according to its most recent filing with the SEC. The firm owned 13,000 shares of the technology company's stock after selling 15,000 shares during the period. K.J. Harrison & Partners Inc's holdings in Celestica were worth $1,027,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Independent Advisor Alliance increased its holdings in Celestica by 0.3% during the fourth quarter. Independent Advisor Alliance now owns 29,588 shares of the technology company's stock valued at $2,731,000 after buying an additional 79 shares during the period. Jones Financial Companies Lllp increased its holdings 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 acquiring an additional 89 shares during the period. CoreCap Advisors LLC raised its position in shares of Celestica by 5.4% in the 4th quarter. CoreCap Advisors LLC now owns 1,760 shares of the technology company's stock worth $162,000 after acquiring an additional 90 shares in the last quarter. Pinpoint Asset Management Ltd lifted its stake in shares of Celestica by 109.6% during the 4th quarter. Pinpoint Asset Management Ltd now owns 348 shares of the technology company's stock worth $32,000 after purchasing an additional 182 shares during the last quarter. Finally, Bay Rivers Group boosted its position in Celestica by 1.1% during the first quarter. Bay Rivers Group now owns 19,494 shares of the technology company's stock valued at $1,536,000 after purchasing an additional 215 shares in the last quarter. Institutional investors own 67.38% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. BMO Capital Markets reissued 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. CIBC decreased their target price on shares of Celestica from $150.00 to $120.00 and set an "outperformer" rating for the company in a research report on Tuesday, April 15th. Argus cut their price target on shares of Celestica from $150.00 to $120.00 and set a "buy" rating on the stock in a report on Tuesday, April 29th. BNP Paribas upgraded Celestica to a "strong-buy" rating in a report on Wednesday, June 11th. Finally, Wall Street Zen cut Celestica from a "buy" rating to a "hold" rating in a research note on Thursday, May 22nd. Two equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Buy" and an average price target of $116.64.

Celestica Stock Performance

NYSE:CLS traded up $5.89 during trading hours on Wednesday, reaching $154.80. The company had a trading volume of 3,940,656 shares, compared to its average volume of 3,365,039. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.43 and a quick ratio of 0.85. Celestica, Inc. has a 1-year low of $40.25 and a 1-year high of $157.35. The business's 50 day moving average price is $116.61 and its 200-day moving average price is $105.45. The firm has a market cap of $17.80 billion, a PE ratio of 42.64 and a beta of 1.81.

Celestica (NYSE:CLS - Get Free Report) TSE: CLS last released its quarterly 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. Celestica had a net margin of 4.26% and a return on equity of 25.57%. The company had revenue of $2.65 billion for the quarter, compared to analyst estimates of $2.56 billion. During the same quarter last year, the business earned $0.83 earnings per share. The firm's revenue was up 19.9% on a year-over-year basis. Research analysts forecast that Celestica, Inc. will post 4.35 EPS for the current year.

Celestica 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.