Celestica, Inc. $CLS Stock Holdings Cut by Tobam

Tobam lowered its position in shares of Celestica, Inc. (NYSE:CLS) (TSE:CLS) by 32.8% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 656 shares of the technology company’s stock after selling 320 shares during the quarter. Tobam’s holdings in Celestica were worth $102,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Forsta AP Fonden grew its stake in shares of Celestica by 28.5% in the 2nd quarter. Forsta AP Fonden now owns 76,200 shares of the technology company’s stock worth $11,882,000 after purchasing an additional 16,900 shares during the last quarter. Robeco Schweiz AG grew its position in Celestica by 53.8% in the second quarter. Robeco Schweiz AG now owns 61,500 shares of the technology company’s stock worth $9,601,000 after buying an additional 21,500 shares during the last quarter. Vise Technologies Inc. bought a new position in shares of Celestica in the second quarter valued at $9,063,000. Allworth Financial LP lifted its position in shares of Celestica by 509.3% during the 2nd quarter. Allworth Financial LP now owns 1,249 shares of the technology company’s stock valued at $195,000 after acquiring an additional 1,044 shares during the last quarter. Finally, PFG Advisors boosted its stake in shares of Celestica by 7.2% during the 2nd quarter. PFG Advisors now owns 8,607 shares of the technology company’s stock worth $1,344,000 after acquiring an additional 578 shares in the last quarter. 67.38% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on CLS. The Goldman Sachs Group boosted their target price on Celestica from $340.00 to $440.00 and gave the stock a “buy” rating in a research report on Wednesday, October 29th. New Street Research set a $400.00 price objective on shares of Celestica in a research note on Wednesday, October 29th. JPMorgan Chase & Co. raised their target price on shares of Celestica from $295.00 to $360.00 and gave the stock an “overweight” rating in a report on Wednesday, October 29th. Citigroup upgraded shares of Celestica from a “neutral” rating to a “buy” rating and upped their price target for the company from $212.00 to $375.00 in a research report on Monday. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Celestica in a research report on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, Celestica has an average rating of “Moderate Buy” and an average target price of $336.00.

Insider Buying and Selling

In other news, Director Laurette T. Koellner bought 6,000 shares of the company’s stock in a transaction that occurred on Thursday, October 30th. The shares were purchased at an average price of $341.67 per share, for a total transaction of $2,050,020.00. Following the acquisition, the director directly owned 6,000 shares of the company’s stock, valued at $2,050,020. The trade was a ∞ increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 0.52% of the stock is owned by company insiders.

Celestica Stock Up 0.6%

CLS stock opened at $333.80 on Thursday. Celestica, Inc. has a 1 year low of $58.05 and a 1 year high of $363.40. The company has a fifty day simple moving average of $274.88 and a 200 day simple moving average of $193.95. The company has a current ratio of 1.47, a quick ratio of 0.86 and a debt-to-equity ratio of 0.37. The firm has a market cap of $38.39 billion, a PE ratio of 54.19 and a beta of 1.85.

Celestica (NYSE:CLS) (TSE:CLS) last released its quarterly earnings results on Monday, October 27th. The technology company reported $1.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.45 by $0.13. The company had revenue of $3.19 billion during the quarter, compared to the consensus estimate of $3.01 billion. Celestica had a return on equity of 30.53% and a net margin of 6.35%.The firm’s revenue was up 27.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.04 EPS. Sell-side analysts anticipate that Celestica, Inc. will post 4.35 EPS for the current fiscal year.

About Celestica

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.