Banco Bilbao Vizcaya Argentaria S.A. Has $742,000 Stock Position in Celestica, Inc. $CLS

Banco Bilbao Vizcaya Argentaria S.A. lessened its holdings in shares of Celestica, Inc. (NYSE:CLS) (TSE:CLS) by 50.3% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 4,866 shares of the technology company’s stock after selling 4,927 shares during the period. Banco Bilbao Vizcaya Argentaria S.A.’s holdings in Celestica were worth $742,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Jones Financial Companies Lllp increased its stake in shares of Celestica by 1,103.8% in the 1st quarter. Jones Financial Companies Lllp now owns 24,486 shares of the technology company’s stock valued at $1,930,000 after purchasing an additional 22,452 shares during the last quarter. Thompson Davis & CO. Inc. acquired a new position in Celestica during the 2nd quarter worth approximately $328,000. Y Intercept Hong Kong Ltd boosted its holdings in shares of Celestica by 406.3% during the 2nd quarter. Y Intercept Hong Kong Ltd now owns 52,606 shares of the technology company’s stock valued at $8,212,000 after acquiring an additional 42,215 shares in the last quarter. Fortis Capital Advisors LLC acquired a new stake in shares of Celestica during the second quarter valued at about $343,000. Finally, Think Investments LP bought a new stake in Celestica during the 1st quarter worth approximately $14,939,000. Institutional investors and hedge funds own 67.38% of the company’s stock.

Insider Buying and Selling

In other news, Director Laurette T. Koellner bought 6,000 shares of the firm’s stock in a transaction on Thursday, October 30th. The stock was acquired at an average cost of $341.67 per share, with a total value of $2,050,020.00. Following the completion of the transaction, the director directly owned 6,000 shares of the company’s stock, valued at $2,050,020. This represents a ∞ increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.52% of the company’s stock.

Wall Street Analyst Weigh In

CLS has been the subject of a number of analyst reports. Weiss Ratings restated a “buy (b)” rating on shares of Celestica in a research report on Wednesday, October 8th. Stifel Nicolaus restated a “buy” rating and set a $385.00 price target (up from $230.00) on shares of Celestica in a report on Wednesday, October 29th. TD Securities lifted their price objective on shares of Celestica from $238.00 to $305.00 and gave the company a “hold” rating in a research note on Wednesday, October 29th. BMO Capital Markets set a $370.00 price objective on shares of Celestica and gave the stock an “outperform” rating in a research report on Wednesday, October 29th. Finally, CIBC boosted their price target on shares of Celestica from $315.00 to $400.00 and gave the company an “outperform” rating in a research note on Wednesday, October 29th. One research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, Celestica has an average rating of “Moderate Buy” and a consensus price target of $336.13.

Celestica Stock Down 2.9%

Shares of NYSE:CLS opened at $300.53 on Wednesday. The business has a fifty day moving average price of $280.05 and a two-hundred day moving average price of $200.73. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.47 and a quick ratio of 0.86. The company has a market capitalization of $34.56 billion, a PE ratio of 48.79 and a beta of 1.85. Celestica, Inc. has a 1 year low of $58.05 and a 1 year high of $363.40.

Celestica (NYSE:CLS) (TSE:CLS) last posted its quarterly earnings data on Monday, October 27th. The technology company reported $1.58 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.45 by $0.13. The business had revenue of $3.19 billion during the quarter, compared to the consensus estimate of $3.01 billion. Celestica had a net margin of 6.35% and a return on equity of 30.53%. The firm’s quarterly revenue was up 27.8% compared to the same quarter last year. During the same quarter last year, the company posted $1.04 earnings per share. Analysts forecast 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.