Nuveen Asset Management LLC Sells 240,383 Shares of Celestica Inc. (NYSE:CLS)

Nuveen Asset Management LLC reduced its position in shares of Celestica Inc. (NYSE:CLS - Free Report) TSE: CLS by 58.6% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 169,652 shares of the technology company's stock after selling 240,383 shares during the quarter. Nuveen Asset Management LLC owned 0.15% of Celestica worth $15,649,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Barclays PLC lifted its position in shares of Celestica by 151.3% during the 3rd quarter. Barclays PLC now owns 51,848 shares of the technology company's stock valued at $2,651,000 after buying an additional 31,219 shares in the last quarter. SG Americas Securities LLC purchased a new position in shares of Celestica in the fourth quarter valued at about $162,000. Cornerstone Wealth Management LLC bought a new position in shares of Celestica in the fourth quarter worth about $385,000. Flagship Harbor Advisors LLC bought a new position in shares of Celestica in the fourth quarter worth about $302,000. Finally, Blue Trust Inc. grew its position in shares of Celestica by 9.7% during the fourth quarter. Blue Trust Inc. now owns 15,831 shares of the technology company's stock worth $1,461,000 after purchasing an additional 1,398 shares in the last quarter. 67.38% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on CLS. JPMorgan Chase & Co. lifted their target price on Celestica from $105.00 to $115.00 and gave the company an "overweight" rating in a research note on Monday, April 28th. Wall Street Zen downgraded Celestica from a "buy" rating to a "hold" rating in a research note on Thursday, May 22nd. CIBC decreased their target price on Celestica from $150.00 to $120.00 and set an "outperformer" rating on the stock in a research note on Tuesday, April 15th. Royal Bank of Canada reissued an "outperform" rating and set a $120.00 target price on shares of Celestica in a research note on Monday, April 28th. Finally, TD Securities lifted their target price on Celestica from $70.00 to $107.00 and gave the company a "buy" rating in a research note on Tuesday, January 28th. Two equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Celestica has a consensus rating of "Moderate Buy" and a consensus target price of $114.82.

Celestica Trading Down 0.6%

Shares of NYSE:CLS traded down $0.69 during trading on Wednesday, hitting $118.19. The company had a trading volume of 2,909,467 shares, compared to its average volume of 3,237,904. The stock has a market cap of $13.66 billion, a price-to-earnings ratio of 31.60 and a beta of 1.65. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.47 and a quick ratio of 0.87. The company has a fifty day simple moving average of $91.50 and a two-hundred day simple moving average of $97.84. Celestica Inc. has a one year low of $40.25 and a one year high of $144.27.

Celestica (NYSE:CLS - Get Free Report) TSE: CLS last released its earnings results on Thursday, April 24th. The technology company reported $1.20 earnings per share for the quarter, beating the consensus estimate of $1.10 by $0.10. The firm had revenue of $2.65 billion for the quarter, compared to the consensus estimate of $2.56 billion. Celestica had a return on equity of 23.34% and a net margin of 4.61%. The company's revenue for the quarter was up 19.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.83 EPS. As a group, equities 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.