Celestica Inc. (NYSE:CLS) Shares Sold by Toronto Dominion Bank

Toronto Dominion Bank decreased its position in shares of Celestica Inc. (NYSE:CLS) (TSE:CLS) by 37.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 19,248 shares of the technology company’s stock after selling 11,739 shares during the quarter. Toronto Dominion Bank’s holdings in Celestica were worth $1,103,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Oliver Luxxe Assets LLC acquired a new stake in shares of Celestica during the 1st quarter worth approximately $3,248,000. BNP Paribas Financial Markets grew its stake in shares of Celestica by 62.9% during the 1st quarter. BNP Paribas Financial Markets now owns 546,230 shares of the technology company’s stock worth $24,548,000 after purchasing an additional 210,943 shares during the period. Westover Capital Advisors LLC grew its stake in shares of Celestica by 20.9% during the 2nd quarter. Westover Capital Advisors LLC now owns 21,776 shares of the technology company’s stock worth $1,248,000 after purchasing an additional 3,764 shares during the period. Rockingstone Advisors LLC acquired a new stake in shares of Celestica during the 2nd quarter worth approximately $2,442,000. Finally, Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of Celestica during the 1st quarter worth approximately $1,231,000. Institutional investors and hedge funds own 67.38% of the company’s stock.

Celestica Trading Up 0.0 %

Shares of CLS opened at $51.09 on Tuesday. Celestica Inc. has a 52-week low of $20.87 and a 52-week high of $63.49. 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’s fifty day moving average is $49.64 and its two-hundred day moving average is $50.73. The stock has a market cap of $6.07 billion, a PE ratio of 19.06 and a beta of 2.29.

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

Analyst Upgrades and Downgrades

CLS has been the topic of a number of research analyst reports. BMO Capital Markets lifted their price target on shares of Celestica from $53.00 to $63.00 and gave the company an “outperform” rating in a research note on Monday, June 17th. StockNews.com cut shares of Celestica from a “buy” rating to a “hold” rating in a research note on Friday, August 2nd. CIBC lifted their price target on shares of Celestica from $58.00 to $60.00 and gave the company a “neutral” rating in a research note on Friday, July 26th. Stifel Nicolaus raised shares of Celestica from a “hold” rating to a “buy” rating and set a $58.00 price target on the stock in a research note on Monday, September 9th. Finally, Royal Bank of Canada lifted their price target on shares of Celestica from $53.00 to $63.00 and gave the company an “outperform” rating in a research note on Monday, July 22nd. Two research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, Celestica 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.