Donald Smith & CO. Inc. Sells 1,951,399 Shares of Celestica Inc. (NYSE:CLS)

Donald Smith & CO. Inc. lessened its stake in shares of Celestica Inc. (NYSE:CLS) (TSE:CLS) by 60.6% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 1,271,050 shares of the technology company’s stock after selling 1,951,399 shares during the quarter. Donald Smith & CO. Inc.’s holdings in Celestica were worth $37,216,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of CLS. Clearstead Advisors LLC acquired a new stake in shares of Celestica during the 3rd quarter worth approximately $32,000. Covestor Ltd acquired a new stake in shares of Celestica in the third quarter valued at about $68,000. Blue Trust Inc. raised its holdings in Celestica by 128.6% during the 4th quarter. Blue Trust Inc. now owns 2,460 shares of the technology company’s stock worth $72,000 after purchasing an additional 1,384 shares during the last quarter. Privium Fund Management UK Ltd acquired a new position in shares of Celestica in the 3rd quarter valued at about $162,000. Finally, EWA LLC bought a new position in Celestica during the fourth quarter worth $164,000. Institutional investors own 67.38% of the company’s stock.

Celestica Trading Up 1.3 %

Shares of NYSE CLS traded up $0.57 during midday trading on Monday, reaching $44.03. The company had a trading volume of 1,708,269 shares, compared to its average volume of 2,282,217. The company has a quick ratio of 0.78, a current ratio of 1.42 and a debt-to-equity ratio of 0.45. The firm’s fifty day moving average price is $44.57 and its 200-day moving average price is $34.48. The stock has a market cap of $5.25 billion, a PE ratio of 16.43 and a beta of 2.22. Celestica Inc. has a one year low of $10.50 and a one year high of $51.12.

Celestica (NYSE:CLS) (TSE:CLS) last released its quarterly earnings data on Monday, January 29th. The technology company reported $0.76 earnings per share for the quarter, topping the consensus estimate of $0.68 by $0.08. Celestica had a return on equity of 18.25% and a net margin of 3.86%. The business had revenue of $2.14 billion during the quarter, compared to analysts’ expectations of $2.08 billion. On average, equities research analysts anticipate that Celestica Inc. will post 2.59 earnings per share for the current year.

Analyst Ratings Changes

A number of research firms have recently weighed in on CLS. BMO Capital Markets raised their target price on Celestica from $37.00 to $48.00 and gave the company an “outperform” rating in a report on Monday, April 22nd. TD Securities increased their price target on Celestica from $33.00 to $40.00 and gave the company a “buy” rating in a research report on Wednesday, January 31st. CIBC reissued a “neutral” rating and set a $49.00 price objective (up from $41.00) on shares of Celestica in a report on Friday. Royal Bank of Canada lifted their price target on Celestica from $47.00 to $53.00 and gave the company an “outperform” rating in a research report on Sunday. Finally, Stifel Nicolaus raised their target price on Celestica from $36.00 to $48.00 and gave the stock a “hold” rating in a research note on Friday. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $42.25.

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.