Celestica Inc. (NYSE:CLS) Shares Sold by Foundry Partners LLC

Foundry Partners LLC trimmed its position in Celestica Inc. (NYSE:CLS - Free Report) TSE: CLS by 33.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 95,498 shares of the technology company's stock after selling 48,879 shares during the period. Foundry Partners LLC owned about 0.08% of Celestica worth $2,796,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. Connor Clark & Lunn Investment Management Ltd. boosted its holdings in shares of Celestica by 50.9% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 6,094,994 shares of the technology company's stock worth $149,153,000 after purchasing an additional 2,054,918 shares during the last quarter. Vanguard Group Inc. boosted its holdings in shares of Celestica by 1.3% during the 3rd quarter. Vanguard Group Inc. now owns 3,704,369 shares of the technology company's stock worth $90,831,000 after purchasing an additional 47,619 shares during the last quarter. WCM Investment Management LLC acquired a new position in shares of Celestica during the 4th quarter worth approximately $67,832,000. Shannon River Fund Management LLC acquired a new position in shares of Celestica during the 3rd quarter worth approximately $41,565,000. Finally, Grantham Mayo Van Otterloo & Co. LLC boosted its holdings in shares of Celestica by 21.0% during the 3rd quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 1,412,581 shares of the technology company's stock worth $34,692,000 after purchasing an additional 244,884 shares during the last quarter. 67.38% of the stock is currently owned by institutional investors and hedge funds.

Celestica Trading Up 1.8 %

NYSE CLS traded up $0.77 on Tuesday, reaching $43.75. The stock had a trading volume of 4,446,768 shares, compared to its average volume of 2,224,619. The firm has a market capitalization of $5.22 billion, a price-to-earnings ratio of 21.65 and a beta of 2.22. The company has a quick ratio of 0.75, a current ratio of 1.40 and a debt-to-equity ratio of 0.41. Celestica Inc. has a 12-month low of $10.50 and a 12-month high of $51.12. The stock has a fifty day moving average price of $44.20 and a two-hundred day moving average price of $33.99.

Celestica (NYSE:CLS - Get Free Report) TSE: CLS last announced its earnings results on Monday, January 29th. The technology company reported $0.76 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.68 by $0.08. The company had revenue of $2.14 billion for the quarter, compared to analyst estimates of $2.08 billion. Celestica had a return on equity of 17.09% and a net margin of 3.07%. As a group, sell-side analysts forecast that Celestica Inc. will post 2.59 EPS for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have recently weighed in on CLS. StockNews.com cut Celestica from a "buy" rating to a "hold" rating in a report on Wednesday, February 28th. BMO Capital Markets upped their price objective on Celestica from $37.00 to $48.00 and gave the company an "outperform" rating in a report on Monday. Canaccord Genuity Group upped their price objective on Celestica from $32.50 to $38.00 and gave the company a "buy" rating in a report on Wednesday, January 31st. TD Securities upped 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. Finally, CIBC upped 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. Two equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $36.38.

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.