Celestica Inc. (NYSE:CLS) Shares Sold by Two Sigma Advisers LP

Two Sigma Advisers LP decreased its holdings in Celestica Inc. (NYSE:CLS) (TSE:CLS) by 20.4% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 140,676 shares of the technology company’s stock after selling 36,000 shares during the quarter. Two Sigma Advisers LP owned about 0.12% of Celestica worth $12,984,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in CLS. Barclays PLC boosted its position in shares of Celestica by 151.3% in the 3rd quarter. Barclays PLC now owns 51,848 shares of the technology company’s stock worth $2,651,000 after purchasing an additional 31,219 shares in the last quarter. UMB Bank n.a. boosted its position in shares of Celestica by 43.6% in the 4th quarter. UMB Bank n.a. now owns 949 shares of the technology company’s stock worth $88,000 after purchasing an additional 288 shares in the last quarter. SG Americas Securities LLC acquired a new stake in shares of Celestica in the 4th quarter worth $162,000. FCG Investment Co boosted its position in shares of Celestica by 2.5% in the 4th quarter. FCG Investment Co now owns 22,362 shares of the technology company’s stock worth $2,064,000 after purchasing an additional 542 shares in the last quarter. Finally, Cornerstone Wealth Management LLC acquired a new stake in shares of Celestica in the 4th quarter worth $385,000. Institutional investors and hedge funds own 67.38% of the company’s stock.

Wall Street Analyst Weigh In

CLS has been the subject of a number of recent analyst reports. Cibc World Mkts raised Celestica from a “hold” rating to a “strong-buy” rating in a research report on Friday, January 31st. JPMorgan Chase & Co. raised their target price on Celestica from $105.00 to $115.00 and gave the stock an “overweight” rating in a research note on Monday, April 28th. Barclays reduced their target price on Celestica from $157.00 to $126.00 and set an “overweight” rating for the company in a research note on Monday, April 28th. Stifel Nicolaus raised their target price on Celestica from $140.00 to $150.00 and gave the stock a “buy” rating in a research note on Wednesday, February 19th. Finally, Argus reduced their target price on Celestica from $150.00 to $120.00 and set a “buy” rating for the company in a research note on Tuesday, April 29th. Two equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Celestica presently has a consensus rating of “Moderate Buy” and an average target price of $114.82.

Celestica Stock Performance

Shares of CLS stock opened at $118.29 on Friday. The stock has a market cap of $13.67 billion, a PE ratio of 31.63 and a beta of 1.65. The business has a 50-day simple moving average of $89.85 and a 200-day simple moving average of $96.96. 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 52-week low of $40.25 and a 52-week high of $144.27.

Celestica (NYSE:CLS) (TSE:CLS) last issued its quarterly earnings data on Thursday, April 24th. The technology company reported $1.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.10 by $0.10. The business had revenue of $2.65 billion during the quarter, compared to analysts’ expectations of $2.56 billion. Celestica had a return on equity of 23.34% and a net margin of 4.61%. The company’s revenue for the quarter was up 19.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.83 EPS. On average, equities analysts expect that Celestica Inc. will post 4.35 EPS for the current year.

Celestica Company 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.