Celestica, Inc. $CLS Stock Position Cut by Ellsworth Advisors LLC

Ellsworth Advisors LLC decreased its holdings in Celestica, Inc. (NYSE:CLS) (TSE:CLS) by 12.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 58,008 shares of the technology company’s stock after selling 8,410 shares during the quarter. Celestica accounts for about 3.4% of Ellsworth Advisors LLC’s holdings, making the stock its 2nd biggest holding. Ellsworth Advisors LLC owned about 0.05% of Celestica worth $15,660,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in CLS. HighTower Advisors LLC boosted its position in Celestica by 14.5% in the 1st quarter. HighTower Advisors LLC now owns 8,645 shares of the technology company’s stock valued at $681,000 after buying an additional 1,098 shares during the period. Kestra Advisory Services LLC raised its stake in shares of Celestica by 19.3% in the first quarter. Kestra Advisory Services LLC now owns 18,571 shares of the technology company’s stock valued at $1,464,000 after acquiring an additional 3,005 shares in the last quarter. BNP Paribas Financial Markets boosted its holdings in Celestica by 79.3% in the first quarter. BNP Paribas Financial Markets now owns 991,776 shares of the technology company’s stock valued at $78,162,000 after purchasing an additional 438,762 shares during the period. Trexquant Investment LP grew its stake in Celestica by 2.5% during the 1st quarter. Trexquant Investment LP now owns 139,746 shares of the technology company’s stock worth $11,013,000 after purchasing an additional 3,350 shares in the last quarter. Finally, Gordian Capital Singapore Pte Ltd increased its holdings in Celestica by 8,910.0% during the 1st quarter. Gordian Capital Singapore Pte Ltd now owns 901 shares of the technology company’s stock worth $71,000 after purchasing an additional 891 shares during the period. 67.38% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on CLS shares. TD Securities lifted their price objective on Celestica from $238.00 to $305.00 and gave the company a “hold” rating in a research note on Wednesday, October 29th. New Street Research set a $400.00 target price on shares of Celestica in a report on Wednesday, October 29th. Barclays boosted their price target on shares of Celestica from $357.00 to $359.00 and gave the stock an “overweight” rating in a report on Friday, November 14th. BMO Capital Markets set a $370.00 price objective on shares of Celestica and gave the company an “outperform” rating in a report on Wednesday, October 29th. Finally, CIBC boosted their target price on shares of Celestica from $315.00 to $400.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 29th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, Celestica presently has a consensus rating of “Moderate Buy” and a consensus price target of $336.13.

Insider Buying and Selling at Celestica

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

Celestica Stock Down 1.6%

Shares of NYSE:CLS opened at $303.72 on Friday. The firm has a 50 day simple moving average of $314.61 and a 200-day simple moving average of $238.61. Celestica, Inc. has a twelve month low of $58.05 and a twelve month high of $363.40. The company has a current ratio of 1.47, a quick ratio of 0.88 and a debt-to-equity ratio of 0.37. The company has a market capitalization of $34.94 billion, a PE ratio of 49.31 and a beta of 1.83.

Celestica (NYSE:CLS) (TSE:CLS) last posted its earnings results on Monday, October 27th. The technology company reported $1.58 EPS for the quarter, beating analysts’ consensus estimates of $1.45 by $0.13. Celestica had a net margin of 6.35% and a return on equity of 30.53%. The firm had revenue of $3.19 billion for the quarter, compared to the consensus estimate of $3.01 billion. During the same period last year, the firm posted $1.04 EPS. The company’s revenue was up 27.8% on a year-over-year basis. On average, equities analysts predict that Celestica, Inc. will post 4.35 EPS for the current fiscal year.

Celestica Company Profile

Celestica Inc is a multinational electronics manufacturing services (EMS) company that provides design, engineering, manufacturing and supply chain solutions to original equipment manufacturers across a range of industries. Headquartered in Toronto, Ontario, Canada, Celestica works with customers to develop and produce complex electronic and electro-mechanical products, integrating activities from product design and prototyping through high-volume assembly, testing and final system integration.

The company’s service offering typically includes product engineering and design support, printed circuit board assembly, box-build and systems assembly, automated test and inspection, aftermarket repair and refurbishment, and end-to-end supply chain and logistics management.