Kathmere Capital Management LLC decreased its holdings in shares of Celestica Inc. (NYSE:CLS – Free Report) (TSE:CLS) by 4.9% in the 4th quarter, Holdings Channel.com reports. The firm owned 9,781 shares of the technology company’s stock after selling 508 shares during the quarter. Kathmere Capital Management LLC’s holdings in Celestica were worth $903,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in CLS. Optimum Investment Advisors grew its stake in shares of Celestica by 66.7% in the third quarter. Optimum Investment Advisors now owns 500 shares of the technology company’s stock worth $26,000 after acquiring an additional 200 shares during the last quarter. Financial Management Professionals Inc. bought a new stake in Celestica in the 3rd quarter valued at $30,000. UMB Bank n.a. acquired a new stake in Celestica in the 3rd quarter worth $34,000. Private Trust Co. NA increased its holdings in shares of Celestica by 480.0% during the 3rd quarter. Private Trust Co. NA now owns 870 shares of the technology company’s stock worth $44,000 after purchasing an additional 720 shares during the period. Finally, Global Trust Asset Management LLC acquired a new position in shares of Celestica during the third quarter valued at about $51,000. Institutional investors and hedge funds own 67.38% of the company’s stock.
Analyst Upgrades and Downgrades
CLS has been the topic of several research reports. TD Securities boosted their price target on Celestica from $68.00 to $70.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. Canaccord Genuity Group increased their target price on Celestica from $77.00 to $110.00 and gave the stock a “buy” rating in a report on Friday, December 20th. UBS Group initiated coverage on Celestica in a research note on Friday, November 22nd. They set a “neutral” rating and a $95.00 price objective for the company. Stifel Nicolaus lifted their price target on shares of Celestica from $70.00 to $100.00 and gave the company a “buy” rating in a report on Tuesday, December 10th. Finally, Barclays initiated coverage on shares of Celestica in a research report on Tuesday, November 5th. They issued an “overweight” rating and a $91.00 price target on the stock. Three analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $81.45.
Celestica Price Performance
Celestica stock opened at $102.90 on Wednesday. The company has a quick ratio of 0.87, a current ratio of 1.47 and a debt-to-equity ratio of 0.49. Celestica Inc. has a 12-month low of $26.62 and a 12-month high of $104.92. The stock has a market cap of $11.97 billion, a price-to-earnings ratio of 32.67 and a beta of 2.25. The business’s 50-day simple moving average is $91.57 and its 200 day simple moving average is $67.58.
Celestica (NYSE:CLS – Get Free Report) (TSE:CLS) last issued its earnings results on Wednesday, October 23rd. The technology company reported $1.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 return on equity of 21.58% and a net margin of 4.08%. The company’s revenue was up 24.8% compared to the same quarter last year. During the same quarter last year, the business earned $0.65 earnings per share. As a group, research analysts anticipate that Celestica Inc. will post 3.44 earnings per share for the current year.
Insiders Place Their Bets
In related news, Director Michael Wilson sold 25,000 shares of the firm’s stock in a transaction on Monday, January 6th. The stock was sold at an average price of $98.73, for a total transaction of $2,468,250.00. Following the sale, the director now owns 1,784 shares of the company’s stock, valued at approximately $176,134.32. This trade represents a 93.34 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 1.00% of the company’s stock.
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.
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