Celestica Inc. (NYSE:CLS) Stock Holdings Lessened by Atom Investors LP

Atom Investors LP trimmed its stake in Celestica Inc. (NYSE:CLS) (TSE:CLS) by 15.1% during the third quarter, HoldingsChannel.com reports. The fund owned 119,478 shares of the technology company’s stock after selling 21,214 shares during the period. Atom Investors LP’s holdings in Celestica were worth $6,108,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Optimum Investment Advisors increased its stake in Celestica by 66.7% in the 3rd quarter. Optimum Investment Advisors now owns 500 shares of the technology company’s stock worth $26,000 after purchasing an additional 200 shares in the last quarter. Financial Management Professionals Inc. purchased a new stake in shares of Celestica in the 3rd quarter valued at approximately $30,000. UMB Bank n.a. acquired a new position in Celestica in the 3rd quarter worth approximately $34,000. Wolff Wiese Magana LLC grew its position in Celestica by 32.1% during the 2nd quarter. Wolff Wiese Magana LLC now owns 700 shares of the technology company’s stock worth $40,000 after purchasing an additional 170 shares in the last quarter. Finally, Private Trust Co. NA grew its position in Celestica by 480.0% during the 3rd quarter. Private Trust Co. NA now owns 870 shares of the technology company’s stock worth $44,000 after purchasing an additional 720 shares in the last quarter. 67.38% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the company. TD Cowen raised their target price on Celestica from $68.00 to $70.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. Royal Bank of Canada increased their price objective on Celestica from $65.00 to $75.00 and gave the stock an “outperform” rating in a research note on Thursday, October 24th. BMO Capital Markets raised their price target on shares of Celestica from $64.00 to $72.00 and gave the stock an “outperform” rating in a report on Thursday, October 24th. Stifel Nicolaus boosted their price objective on shares of Celestica from $58.00 to $70.00 and gave the company a “buy” rating in a research report on Thursday, October 24th. Finally, TD Securities upped their price objective on shares of Celestica from $68.00 to $70.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. Three research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $71.45.

Celestica Stock Up 2.5 %

Celestica stock opened at $85.24 on Monday. The firm has a market cap of $9.92 billion, a price-to-earnings ratio of 27.06 and a beta of 2.24. The firm has a fifty day moving average price of $68.66 and a two-hundred day moving average price of $58.62. Celestica Inc. has a fifty-two week low of $25.83 and a fifty-two week high of $93.15. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.47 and a quick ratio of 0.87.

Celestica (NYSE:CLS) (TSE:CLS) last announced its earnings results on Wednesday, October 23rd. The technology company reported $1.04 earnings per share for the quarter, beating the consensus estimate of $0.93 by $0.11. The firm had revenue of $2.50 billion during the quarter, compared to the consensus estimate of $2.41 billion. Celestica had a return on equity of 21.58% and a net margin of 4.08%. The firm’s revenue for the quarter was up 24.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.65 EPS. As a group, analysts forecast that Celestica Inc. will post 3.44 earnings per share for the current year.

Celestica 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.