Roman Butler Fullerton & Co. Decreases Stock Position in Celestica, Inc. (NYSE:CLS)

Roman Butler Fullerton & Co. decreased its position in Celestica, Inc. (NYSE:CLS - Free Report) TSE: CLS by 71.0% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,989 shares of the technology company's stock after selling 17,078 shares during the quarter. Roman Butler Fullerton & Co.'s holdings in Celestica were worth $577,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the company. FMR LLC boosted its stake in shares of Celestica by 91.2% in the fourth quarter. FMR LLC now owns 11,688,700 shares of the technology company's stock valued at $1,078,804,000 after purchasing an additional 5,574,342 shares during the period. Arrowstreet Capital Limited Partnership boosted its position in Celestica by 64.6% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 3,572,988 shares of the technology company's stock valued at $329,460,000 after buying an additional 1,401,877 shares during the last quarter. FIL Ltd grew its stake in shares of Celestica by 5,976.1% during the fourth quarter. FIL Ltd now owns 3,463,729 shares of the technology company's stock valued at $319,662,000 after acquiring an additional 3,406,723 shares in the last quarter. Invesco Ltd. grew its stake in shares of Celestica by 20.2% during the fourth quarter. Invesco Ltd. now owns 2,942,816 shares of the technology company's stock valued at $271,622,000 after acquiring an additional 494,542 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its position in shares of Celestica by 49.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,173,318 shares of the technology company's stock worth $200,601,000 after acquiring an additional 719,805 shares during the last quarter. Hedge funds and other institutional investors own 67.38% of the company's stock.

Celestica Price Performance

CLS opened at $132.46 on Wednesday. The firm has a market cap of $15.31 billion, a price-to-earnings ratio of 36.49 and a beta of 1.74. The company's 50-day moving average price is $103.97 and its 200 day moving average price is $101.73. Celestica, Inc. has a fifty-two week low of $40.25 and a fifty-two week high of $144.27. The company has a quick ratio of 0.85, a current ratio of 1.43 and a debt-to-equity ratio of 0.59.

Celestica (NYSE:CLS - Get Free Report) TSE: CLS last issued its quarterly earnings data on Thursday, April 24th. The technology company reported $1.20 EPS for the quarter, topping analysts' consensus estimates 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 return on equity of 25.57% and a net margin of 4.26%. The firm's revenue was up 19.9% on a year-over-year basis. During the same period in the prior year, the business earned $0.83 EPS. As a group, sell-side analysts expect that Celestica, Inc. will post 4.35 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. Stifel Nicolaus raised their price objective on Celestica from $140.00 to $150.00 and gave the company a "buy" rating in a research note on Wednesday, February 19th. Wall Street Zen cut Celestica from a "buy" rating to a "hold" rating in a research note on Thursday, May 22nd. JPMorgan Chase & Co. lifted their price target on shares of Celestica from $105.00 to $115.00 and gave the stock an "overweight" rating in a research note on Monday, April 28th. BMO Capital Markets reiterated an "outperform" rating and set a $130.00 price objective (up from $118.00) on shares of Celestica in a research note on Thursday, May 22nd. Finally, Argus dropped their target price on shares of Celestica from $150.00 to $120.00 and set a "buy" rating for the company in a research report on Tuesday, April 29th. Two research analysts have rated the stock with a hold rating, nine have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, Celestica has a consensus rating of "Buy" and a consensus price target of $116.64.

About Celestica

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.

Want to see what other hedge funds are holding CLS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Celestica, Inc. (NYSE:CLS - Free Report) TSE: CLS.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.