Roman Butler Fullerton & Co. Sells 17,078 Shares of Celestica, Inc. (NYSE:CLS)

Roman Butler Fullerton & Co. reduced its stake in shares of Celestica, Inc. (NYSE:CLS - Free Report) TSE: CLS by 71.0% in the first quarter, according to its most recent filing with the SEC. The institutional investor owned 6,989 shares of the technology company's stock after selling 17,078 shares during the period. Roman Butler Fullerton & Co.'s holdings in Celestica were worth $577,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Rothschild Investment LLC bought a new stake in Celestica during the 1st quarter worth approximately $26,000. Peregrine Capital Management LLC bought a new stake in Celestica during the 4th quarter worth approximately $30,000. Pinpoint Asset Management Ltd increased its holdings in 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 in the last quarter. Bessemer Group Inc. bought a new stake in Celestica during the 4th quarter worth approximately $42,000. Finally, Farther Finance Advisors LLC boosted its stake in shares of Celestica by 1,516.7% in the 1st quarter. Farther Finance Advisors LLC now owns 679 shares of the technology company's stock worth $54,000 after buying an additional 637 shares during the last quarter. 67.38% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on CLS. Wall Street Zen downgraded Celestica from a "buy" rating to a "hold" rating in a research note on Thursday, May 22nd. Royal Bank Of Canada restated an "outperform" rating and issued a $120.00 target price on shares of Celestica in a research note on Monday, April 28th. JPMorgan Chase & Co. boosted their target price on Celestica from $105.00 to $115.00 and gave the stock an "overweight" rating in a research note on Monday, April 28th. CIBC cut 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. Finally, BMO Capital Markets restated an "outperform" rating and issued a $130.00 target price (up previously from $118.00) on shares of Celestica in a research note on Thursday, May 22nd. Two investment analysts have rated the stock with a hold rating, nine have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Buy" and a consensus price target of $116.64.

Celestica Stock Performance

Celestica stock traded down $0.99 during trading on Friday, hitting $135.27. The stock had a trading volume of 2,590,140 shares, compared to its average volume of 3,316,366. Celestica, Inc. has a 1 year low of $40.25 and a 1 year 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. The stock's 50 day moving average is $107.37 and its two-hundred day moving average is $102.73. The stock has a market cap of $15.55 billion, a price-to-earnings ratio of 37.26 and a beta of 1.74.

Celestica (NYSE:CLS - Get Free Report) TSE: CLS last posted its quarterly earnings data 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 return on equity of 25.57% and a net margin of 4.26%. The business had revenue of $2.65 billion for the quarter, compared to the consensus estimate of $2.56 billion. During the same quarter in the prior year, the business earned $0.83 earnings per share. Celestica's revenue for the quarter was up 19.9% on a year-over-year basis. As a group, analysts predict that Celestica, Inc. will post 4.35 EPS for the current year.

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.