Celestica, Inc. (NYSE:CLS) Shares Sold by Blue Trust Inc.

Blue Trust Inc. decreased its holdings in shares of Celestica, Inc. (NYSE:CLS) (TSE:CLS) by 28.7% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,476 shares of the technology company’s stock after selling 593 shares during the quarter. Blue Trust Inc.’s holdings in Celestica were worth $116,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the business. Rothschild Investment LLC purchased a new position in Celestica in the first quarter valued at about $26,000. Pinpoint Asset Management Ltd increased its holdings in Celestica by 109.6% in the fourth quarter. Pinpoint Asset Management Ltd now owns 348 shares of the technology company’s stock valued at $32,000 after buying an additional 182 shares during the last quarter. Bessemer Group Inc. bought a new position in shares of Celestica during the fourth quarter valued at approximately $42,000. IFP Advisors Inc raised its position in shares of Celestica by 122.7% during the 4th quarter. IFP Advisors Inc now owns 668 shares of the technology company’s stock worth $62,000 after purchasing an additional 368 shares during the period. Finally, Farther Finance Advisors LLC raised its position in shares of Celestica by 1,516.7% during the 1st quarter. Farther Finance Advisors LLC now owns 679 shares of the technology company’s stock worth $54,000 after purchasing an additional 637 shares during the period. Institutional investors and hedge funds own 67.38% of the company’s stock.

Analyst Ratings Changes

CLS has been the topic of several recent analyst reports. CIBC dropped their target price on Celestica from $150.00 to $120.00 and set an “outperformer” rating on the stock in a report on Tuesday, April 15th. Barclays reissued an “overweight” rating and set a $146.00 target price (up from $126.00) on shares of Celestica in a research note on Tuesday, June 10th. JPMorgan Chase & Co. boosted their price target on shares of Celestica from $105.00 to $115.00 and gave the company an “overweight” rating in a report on Monday, April 28th. BMO Capital Markets restated an “outperform” rating and set a $130.00 price target (up from $118.00) on shares of Celestica in a report on Thursday, May 22nd. Finally, BNP Paribas upgraded shares of Celestica to a “strong-buy” rating in a report on Wednesday, June 11th. Two analysts have rated the stock with a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of $116.64.

Celestica Price Performance

Celestica stock opened at $149.19 on Thursday. Celestica, Inc. has a 52 week low of $40.25 and a 52 week high of $152.23. The company’s 50 day moving average price is $111.08 and its two-hundred day moving average price is $103.69. The company has a quick ratio of 0.85, a current ratio of 1.43 and a debt-to-equity ratio of 0.59. The stock has a market cap of $17.16 billion, a P/E ratio of 41.10 and a beta of 1.74.

Celestica (NYSE:CLS) (TSE:CLS) last announced its quarterly earnings data on Thursday, April 24th. The technology company reported $1.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.10 by $0.10. The firm had revenue of $2.65 billion for the quarter, compared to analysts’ expectations of $2.56 billion. Celestica had a return on equity of 25.57% and a net margin of 4.26%. The company’s revenue for the quarter was up 19.9% compared to the same quarter last year. During the same period last year, the firm earned $0.83 earnings per share. On average, equities analysts predict that Celestica, Inc. will post 4.35 earnings per share for the current 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.