Celestica Inc. (NYSE:CLS) Shares Sold by Wesbanco Bank Inc.

Wesbanco Bank Inc. reduced its position in shares of Celestica Inc. (NYSE:CLS - Free Report) TSE: CLS by 40.7% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 21,000 shares of the technology company's stock after selling 14,400 shares during the period. Wesbanco Bank Inc.'s holdings in Celestica were worth $1,655,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the company. FMR LLC raised its holdings in Celestica by 91.2% in 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 during the last quarter. FIL Ltd lifted its position in Celestica by 5,976.1% during the fourth quarter. FIL Ltd now owns 3,463,729 shares of the technology company's stock worth $319,662,000 after buying an additional 3,406,723 shares during the period. Norges Bank acquired a new stake in Celestica in the 4th quarter worth about $139,008,000. Polar Capital Holdings Plc boosted its stake in Celestica by 822.6% in the 4th quarter. Polar Capital Holdings Plc now owns 1,607,969 shares of the technology company's stock worth $148,416,000 after buying an additional 1,433,681 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership grew its holdings 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 period. 67.38% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the stock. Stifel Nicolaus boosted their price objective on shares of Celestica from $140.00 to $150.00 and gave the company a "buy" rating in a research note on Wednesday, February 19th. JPMorgan Chase & Co. boosted their price target on Celestica from $105.00 to $115.00 and gave the company an "overweight" rating in a research report on Monday, April 28th. Wall Street Zen lowered Celestica from a "buy" rating to a "hold" rating in a research note on Thursday, May 22nd. CIBC reduced their price objective 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, Barclays decreased their target price on Celestica from $157.00 to $126.00 and set an "overweight" rating for the company in a report on Monday, April 28th. Two equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $114.82.

Celestica Stock Down 0.9%

CLS stock traded down $1.16 during trading on Tuesday, reaching $121.49. The stock had a trading volume of 4,322,020 shares, compared to its average volume of 3,268,841. Celestica Inc. has a 1-year low of $40.25 and a 1-year high of $144.27. The company has a market capitalization of $14.04 billion, a P/E ratio of 32.48 and a beta of 1.74. 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 firm has a fifty day moving average price of $97.15 and a 200 day moving average price of $100.05.

Celestica (NYSE:CLS - Get Free Report) TSE: CLS last issued its quarterly earnings data on Thursday, April 24th. The technology company reported $1.20 earnings per share for the quarter, beating analysts' consensus estimates of $1.10 by $0.10. Celestica had a return on equity of 23.34% and a net margin of 4.61%. The firm had revenue of $2.65 billion during the quarter, compared to analyst estimates of $2.56 billion. During the same quarter last year, the firm earned $0.83 EPS. Celestica's quarterly revenue was up 19.9% on a year-over-year basis. On average, equities analysts anticipate 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.