Rockingstone Advisors LLC Sells 2,300 Shares of Celestica Inc. (NYSE:CLS)

Rockingstone Advisors LLC decreased its holdings in shares of Celestica Inc. (NYSE:CLS - Free Report) TSE: CLS by 5.5% in the first quarter, according to its most recent Form 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 comprises about 1.4% of Rockingstone Advisors LLC's 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.

Other hedge funds and other institutional investors have also modified their holdings of the company. FMR LLC increased its holdings in Celestica by 91.2% during the 4th quarter. FMR LLC now owns 11,688,700 shares of the technology company's stock valued at $1,078,804,000 after acquiring an additional 5,574,342 shares in the last quarter. FIL Ltd grew its holdings in Celestica by 5,976.1% during the 4th quarter. FIL Ltd now owns 3,463,729 shares of the technology company's stock valued at $319,662,000 after purchasing an additional 3,406,723 shares in the last quarter. Norges Bank acquired a new position in shares of Celestica in the 4th quarter valued at approximately $139,008,000. Polar Capital Holdings Plc raised its holdings in Celestica by 822.6% in the fourth quarter. Polar Capital Holdings Plc now owns 1,607,969 shares of the technology company's stock valued at $148,416,000 after acquiring an additional 1,433,681 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership lifted its position in shares of Celestica by 64.6% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 3,572,988 shares of the technology company's stock worth $329,460,000 after purchasing an additional 1,401,877 shares during the last quarter. 67.38% of the stock is owned by institutional investors and hedge funds.

Celestica Stock Performance

NYSE CLS traded up $3.08 on Thursday, hitting $130.77. 1,755,248 shares of the stock traded hands, compared to its average volume of 3,283,053. The firm has a market capitalization of $15.12 billion, a price-to-earnings ratio of 34.97 and a beta of 1.74. The business's fifty day moving average is $99.43 and its two-hundred day moving average is $100.39. Celestica Inc. has a 12 month low of $40.25 and a 12 month high of $144.27. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.87 and a current ratio of 1.47.

Celestica (NYSE:CLS - Get Free Report) TSE: CLS last posted its quarterly earnings results on Thursday, April 24th. The technology company reported $1.20 EPS for the quarter, topping the consensus estimate of $1.10 by $0.10. Celestica had a net margin of 4.61% and a return on equity of 23.34%. The firm had revenue of $2.65 billion for the quarter, compared to the consensus estimate of $2.56 billion. During the same period last year, the firm posted $0.83 earnings per share. The business's revenue was up 19.9% compared to the same quarter last year. As a group, equities analysts anticipate that Celestica Inc. will post 4.35 EPS for the current fiscal year.

Wall Street Analyst Weigh In

CLS has been the topic of a number of research analyst reports. Argus lowered their price target on Celestica from $150.00 to $120.00 and set a "buy" rating on the stock in a report on Tuesday, April 29th. JPMorgan Chase & Co. lifted their price target on Celestica from $105.00 to $115.00 and gave the company an "overweight" rating in a report on Monday, April 28th. Wall Street Zen lowered shares of Celestica from a "buy" rating to a "hold" rating in a research note on Thursday, May 22nd. Stifel Nicolaus upped their price objective on shares of Celestica from $140.00 to $150.00 and gave the stock a "buy" rating in a report on Wednesday, February 19th. Finally, Barclays reiterated an "overweight" rating and issued a $146.00 target price (up from $126.00) on shares of Celestica in a research note on Tuesday. Two investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $116.64.

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.