Boston Partners Sells 51,673 Shares of Celestica Inc. (NYSE:CLS)

Boston Partners lowered its stake in Celestica Inc. (NYSE:CLS) (TSE:CLS) by 48.4% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 55,028 shares of the technology company’s stock after selling 51,673 shares during the quarter. Boston Partners’ holdings in Celestica were worth $2,473,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Principal Securities Inc. bought a new position in Celestica during the 4th quarter worth about $42,000. Byrne Asset Management LLC grew its holdings in shares of Celestica by 78.6% during the first quarter. Byrne Asset Management LLC now owns 1,250 shares of the technology company’s stock worth $56,000 after buying an additional 550 shares in the last quarter. UMB Bank n.a. acquired a new stake in Celestica in the 1st quarter valued at approximately $64,000. AJOVista LLC bought a new stake in Celestica in the 4th quarter valued at approximately $123,000. Finally, Tucker Asset Management LLC acquired a new position in Celestica during the 4th quarter worth approximately $151,000. Institutional investors and hedge funds own 67.38% of the company’s stock.

Celestica Stock Performance

Shares of NYSE CLS traded down $4.10 during midday trading on Friday, hitting $46.29. 4,529,083 shares of the company’s stock were exchanged, compared to its average volume of 2,675,430. The company has a quick ratio of 0.86, a current ratio of 1.47 and a debt-to-equity ratio of 0.49. The firm has a market capitalization of $5.50 billion, a PE ratio of 17.27 and a beta of 2.31. Celestica Inc. has a 12 month low of $20.22 and a 12 month high of $63.49. The company’s 50 day moving average price is $56.10 and its 200 day moving average price is $47.52.

Celestica (NYSE:CLS) (TSE:CLS) last released its quarterly earnings data on Wednesday, July 24th. The technology company reported $0.91 EPS for the quarter, beating the consensus estimate of $0.81 by $0.10. The firm had revenue of $2.39 billion for the quarter, compared to the consensus estimate of $2.25 billion. Celestica had a net margin of 4.16% and a return on equity of 19.96%. The company’s quarterly revenue was up 23.3% on a year-over-year basis. During the same period in the previous year, the company earned $0.55 earnings per share. As a group, analysts predict that Celestica Inc. will post 3.22 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the stock. Canaccord Genuity Group boosted their price objective on shares of Celestica from $53.00 to $70.00 and gave the stock a “buy” rating in a research report on Friday, July 26th. CIBC increased their price objective on shares of Celestica from $58.00 to $60.00 and gave the stock a “neutral” rating in a research note on Friday, July 26th. StockNews.com downgraded Celestica from a “buy” rating to a “hold” rating in a research report on Friday. Canaccord Genuity Group increased their price target on Celestica from $48.00 to $53.00 and gave the company a “buy” rating in a research report on Friday, April 26th. Finally, BMO Capital Markets boosted their price target on Celestica from $53.00 to $63.00 and gave the stock an “outperform” rating in a research report on Monday, June 17th. Three equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $58.38.

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.