Celestica Inc. (NYSE:CLS) Shares Sold by Rockingstone Advisors LLC

Rockingstone Advisors LLC reduced its position in shares of Celestica Inc. (NYSE:CLS - Free Report) TSE: CLS by 5.5% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 39,820 shares of the technology company's stock after selling 2,300 shares during the quarter. Celestica accounts for approximately 1.4% of Rockingstone Advisors LLC's investment portfolio, making the stock its 28th biggest holding. Rockingstone Advisors LLC's holdings in Celestica were worth $3,138,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the company. Independent Advisor Alliance lifted its stake in Celestica by 0.3% in the 4th 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 in the last quarter. Jones Financial Companies Lllp raised 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 valued at $188,000 after acquiring an additional 89 shares during the last quarter. CoreCap Advisors LLC lifted its stake in 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 purchasing an additional 90 shares in the last quarter. Pinpoint Asset Management Ltd lifted its stake in Celestica by 109.6% in 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 in the last quarter. Finally, Bay Rivers Group lifted its stake in Celestica by 1.1% in 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 in the last quarter. 67.38% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts have weighed in on CLS shares. Argus decreased their target price on shares of Celestica from $150.00 to $120.00 and set a "buy" rating on the stock in a research note on Tuesday, April 29th. Wall Street Zen lowered shares of Celestica from a "buy" rating to a "hold" rating in a research note on Thursday, May 22nd. Barclays reissued an "overweight" rating and issued a $146.00 target price (up from $126.00) on shares of Celestica in a research note on Tuesday. BNP Paribas raised shares of Celestica to a "strong-buy" rating in a research report on Wednesday. Finally, Stifel Nicolaus lifted their price target on shares of Celestica from $140.00 to $150.00 and gave the company a "buy" rating in a research report on Wednesday, February 19th. Two investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Buy" and an average price target of $116.64.

Celestica Trading Down 4.2%

Celestica stock traded down $5.55 during trading on Friday, hitting $125.18. The company had a trading volume of 2,716,202 shares, compared to its average volume of 3,304,142. Celestica Inc. has a 1-year low of $40.25 and a 1-year high of $144.27. The company has a current ratio of 1.47, a quick ratio of 0.87 and a debt-to-equity ratio of 0.49. The company's 50 day simple moving average is $101.77 and its 200-day simple moving average is $101.09. The stock has a market cap of $14.47 billion, a price-to-earnings ratio of 33.47 and a beta of 1.74.

Celestica (NYSE:CLS - Get Free Report) TSE: CLS last posted 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 during the quarter, compared to the consensus estimate of $2.56 billion. Celestica had a net margin of 4.61% and a return on equity of 23.34%. The firm's revenue for the quarter was up 19.9% on a year-over-year basis. During the same quarter last year, the firm earned $0.83 EPS. As a group, analysts expect that Celestica Inc. will post 4.35 EPS for the current fiscal 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.