Celestica Inc. (NYSE:CLS) Stock Holdings Decreased by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company decreased its stake in shares of Celestica Inc. (NYSE:CLS) (TSE:CLS) by 13.0% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 429,105 shares of the technology company’s stock after selling 64,277 shares during the period. The Manufacturers Life Insurance Company owned about 0.36% of Celestica worth $21,952,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of CLS. Optimum Investment Advisors raised its stake in Celestica by 66.7% during the third quarter. Optimum Investment Advisors now owns 500 shares of the technology company’s stock valued at $26,000 after buying an additional 200 shares in the last quarter. Financial Management Professionals Inc. acquired a new stake in shares of Celestica during the 3rd quarter valued at approximately $30,000. UMB Bank n.a. bought a new position in Celestica during the third quarter worth $34,000. Wolff Wiese Magana LLC boosted its holdings in Celestica by 32.1% in the second quarter. Wolff Wiese Magana LLC now owns 700 shares of the technology company’s stock worth $40,000 after purchasing an additional 170 shares during the period. Finally, Private Trust Co. NA increased its stake in Celestica by 480.0% during the third quarter. Private Trust Co. NA now owns 870 shares of the technology company’s stock valued at $44,000 after purchasing an additional 720 shares during the last quarter. 67.38% of the stock is currently owned by institutional investors and hedge funds.

Celestica Price Performance

Shares of CLS opened at $85.24 on Friday. Celestica Inc. has a one year low of $25.83 and a one year high of $93.15. The stock’s fifty day moving average is $68.66 and its 200-day moving average is $58.57. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.87 and a current ratio of 1.47. The firm has a market capitalization of $9.92 billion, a price-to-earnings ratio of 27.06 and a beta of 2.24.

Celestica (NYSE:CLS) (TSE:CLS) last released its earnings results on Wednesday, October 23rd. The technology company reported $1.04 EPS for the quarter, beating the consensus estimate of $0.93 by $0.11. The firm had revenue of $2.50 billion for the quarter, compared to analysts’ expectations of $2.41 billion. Celestica had a net margin of 4.08% and a return on equity of 21.58%. Celestica’s quarterly revenue was up 24.8% on a year-over-year basis. During the same quarter last year, the company earned $0.65 EPS. Equities analysts anticipate that Celestica Inc. will post 3.44 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on CLS shares. TD Securities lifted their price target on shares of Celestica from $68.00 to $70.00 and gave the company a “buy” rating in a report on Thursday, October 24th. Stifel Nicolaus lifted their target price on Celestica from $58.00 to $70.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. UBS Group assumed coverage on Celestica in a research report on Friday, November 22nd. They set a “neutral” rating and a $95.00 price target on the stock. TD Cowen boosted their price objective on Celestica from $68.00 to $70.00 and gave the company a “buy” rating in a research report on Thursday, October 24th. Finally, BMO Capital Markets increased their target price on Celestica from $64.00 to $72.00 and gave the stock an “outperform” rating in a research report on Thursday, October 24th. Three equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $71.45.

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.