Celestica Inc. (NYSE:CLS) Stake Decreased by Mackenzie Financial Corp

Mackenzie Financial Corp trimmed its position in Celestica Inc. (NYSE:CLS - Free Report) TSE: CLS by 1.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,132,648 shares of the technology company's stock after selling 20,142 shares during the quarter. Mackenzie Financial Corp owned 0.95% of Celestica worth $33,191,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the company. Clearstead Advisors LLC purchased a new stake in Celestica in the third quarter valued at about $32,000. Financial Management Professionals Inc. purchased a new stake in Celestica in the third quarter valued at about $34,000. Advisor Group Holdings Inc. raised its stake in Celestica by 2,775.7% in the fourth quarter. Advisor Group Holdings Inc. now owns 3,911 shares of the technology company's stock valued at $44,000 after buying an additional 3,775 shares during the last quarter. UniSuper Management Pty Ltd acquired a new position in shares of Celestica in the second quarter valued at about $56,000. Finally, Covestor Ltd acquired a new position in shares of Celestica in the third quarter valued at about $68,000. 67.38% of the stock is currently owned by hedge funds and other institutional investors.

Celestica Trading Down 1.8 %

Celestica stock traded down $0.82 during trading on Thursday, reaching $43.80. 1,739,422 shares of the company were exchanged, compared to its average volume of 2,160,657. Celestica Inc. has a 52-week low of $10.50 and a 52-week high of $51.12. The company has a market capitalization of $5.22 billion, a P/E ratio of 22.18 and a beta of 2.22. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.40 and a quick ratio of 0.75. The stock's 50 day simple moving average is $43.94 and its two-hundred day simple moving average is $33.55.

Celestica (NYSE:CLS - Get Free Report) TSE: CLS last announced its quarterly earnings data on Monday, January 29th. The technology company reported $0.76 EPS for the quarter, topping analysts' consensus estimates of $0.68 by $0.08. Celestica had a return on equity of 17.09% and a net margin of 3.07%. The firm had revenue of $2.14 billion for the quarter, compared to the consensus estimate of $2.08 billion. On average, equities research analysts expect that Celestica Inc. will post 2.59 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on CLS shares. TD Securities increased their price objective on Celestica from $33.00 to $40.00 and gave the company a "buy" rating in a report on Wednesday, January 31st. Royal Bank of Canada increased their price objective on Celestica from $33.00 to $38.00 and gave the company an "outperform" rating in a report on Wednesday, January 31st. CIBC increased their price objective on Celestica from $33.00 to $41.00 and gave the company an "outperform" rating in a report on Wednesday, January 31st. StockNews.com lowered Celestica from a "buy" rating to a "hold" rating in a report on Wednesday, February 28th. Finally, Canaccord Genuity Group raised their target price on Celestica from $32.50 to $38.00 and gave the stock a "buy" rating in a report on Wednesday, January 31st. Two investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $33.88.

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.