Caitong International Asset Management Co. Ltd Sells 1,141 Shares of Celestica, Inc. (NYSE:CLS)

Caitong International Asset Management Co. Ltd cut its holdings in Celestica, Inc. (NYSE:CLS) (TSE:CLS) by 33.5% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 2,261 shares of the technology company’s stock after selling 1,141 shares during the quarter. Caitong International Asset Management Co. Ltd’s holdings in Celestica were worth $178,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of CLS. Rothschild Investment LLC bought a new position in Celestica in the first quarter valued at approximately $26,000. ORG Partners LLC bought a new position in shares of Celestica during the first quarter worth $29,000. Center for Financial Planning Inc. bought a new position in shares of Celestica during the first quarter worth $30,000. Bessemer Group Inc. bought a new position in shares of Celestica during the fourth quarter worth $42,000. Finally, Farther Finance Advisors LLC boosted its position in shares of Celestica by 1,516.7% during the first quarter. Farther Finance Advisors LLC now owns 679 shares of the technology company’s stock worth $54,000 after purchasing an additional 637 shares in the last quarter. 67.38% of the stock is owned by institutional investors.

Celestica Trading Down 4.2%

CLS opened at $204.41 on Thursday. The stock has a market capitalization of $23.51 billion, a P/E ratio of 44.24 and a beta of 1.80. Celestica, Inc. has a 12 month low of $40.65 and a 12 month high of $218.80. The firm’s fifty day simple moving average is $161.40 and its 200 day simple moving average is $121.45. The company has a current ratio of 1.44, a quick ratio of 0.86 and a debt-to-equity ratio of 0.48.

Celestica (NYSE:CLS) (TSE:CLS) last issued its quarterly earnings results on Monday, July 28th. The technology company reported $1.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.23 by $0.16. Celestica had a net margin of 5.11% and a return on equity of 28.23%. The firm had revenue of $2.89 billion for the quarter, compared to analyst estimates of $2.65 billion. During the same period in the previous year, the business earned $0.91 EPS. The company’s revenue was up 21.0% compared to the same quarter last year. As a group, research analysts anticipate that Celestica, Inc. will post 4.35 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on CLS shares. Barclays lifted their price target on shares of Celestica from $146.00 to $220.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 30th. Canaccord Genuity Group lifted their price target on shares of Celestica from $126.00 to $240.00 and gave the stock a “buy” rating in a research report on Wednesday, July 30th. Citigroup lifted their price target on shares of Celestica from $172.00 to $212.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 30th. UBS Group reissued a “neutral” rating and set a $208.00 price target (up from $101.00) on shares of Celestica in a research report on Wednesday, July 30th. Finally, JPMorgan Chase & Co. lifted their price target on shares of Celestica from $170.00 to $225.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 30th. Two research analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Buy” and an average target price of $168.92.

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.