Savant Capital LLC Sells 1,283 Shares of Celestica, Inc. $CLS

Savant Capital LLC decreased its holdings in shares of Celestica, Inc. (NYSE:CLS) (TSE:CLS) by 42.4% during the second quarter, Holdings Channel.com reports. The firm owned 1,741 shares of the technology company’s stock after selling 1,283 shares during the period. Savant Capital LLC’s holdings in Celestica were worth $272,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Jones Financial Companies Lllp lifted its position in shares of Celestica by 1,103.8% during the first quarter. Jones Financial Companies Lllp now owns 24,486 shares of the technology company’s stock worth $1,930,000 after purchasing an additional 22,452 shares during the last quarter. Y Intercept Hong Kong Ltd boosted its holdings in shares of Celestica by 406.3% in the second quarter. Y Intercept Hong Kong Ltd now owns 52,606 shares of the technology company’s stock valued at $8,212,000 after purchasing an additional 42,215 shares during the period. Fortis Capital Advisors LLC purchased a new stake in shares of Celestica in the second quarter valued at approximately $343,000. Think Investments LP bought a new position in Celestica in the first quarter worth approximately $14,939,000. Finally, Royal Bank of Canada raised its position in Celestica by 1.5% during the 1st quarter. Royal Bank of Canada now owns 1,280,563 shares of the technology company’s stock valued at $100,922,000 after purchasing an additional 19,391 shares in the last quarter. Hedge funds and other institutional investors own 67.38% of the company’s stock.

Insider Transactions at Celestica

In other news, Director Laurette T. Koellner purchased 6,000 shares of the stock in a transaction on Thursday, October 30th. The stock was bought at an average price of $341.67 per share, with a total value of $2,050,020.00. Following the transaction, the director owned 6,000 shares in the company, valued at $2,050,020. The trade was a ∞ increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.52% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

CLS has been the topic of a number of recent research reports. New Street Research set a $400.00 price objective on shares of Celestica in a research note on Wednesday, October 29th. BNP Paribas restated an “outperform” rating and set a $300.00 price objective on shares of Celestica in a research note on Thursday, September 25th. TD Cowen reiterated a “hold” rating and issued a $238.00 target price on shares of Celestica in a research note on Friday, October 3rd. Stifel Nicolaus reissued a “buy” rating and set a $385.00 price target (up from $230.00) on shares of Celestica in a research report on Wednesday, October 29th. Finally, TD Securities lifted their price objective on shares of Celestica from $238.00 to $305.00 and gave the stock a “hold” rating in a research report on Wednesday, October 29th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $336.13.

Celestica Stock Performance

CLS opened at $300.53 on Wednesday. The company has a market cap of $34.56 billion, a P/E ratio of 48.79 and a beta of 1.85. The company has a quick ratio of 0.86, a current ratio of 1.47 and a debt-to-equity ratio of 0.37. The firm’s 50-day moving average price is $280.05 and its 200-day moving average price is $200.73. Celestica, Inc. has a 52-week low of $58.05 and a 52-week high of $363.40.

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