Scalar Gauge Management LLC Has $10.10 Million Holdings in Celestica, Inc. $CLS

Scalar Gauge Management LLC lessened its stake in shares of Celestica, Inc. (NYSE:CLS) (TSE:CLS) by 51.2% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 41,000 shares of the technology company’s stock after selling 43,000 shares during the period. Celestica comprises approximately 5.1% of Scalar Gauge Management LLC’s investment portfolio, making the stock its 6th largest holding. Scalar Gauge Management LLC’s holdings in Celestica were worth $10,101,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Thompson Davis & CO. Inc. acquired a new stake in Celestica in the second quarter valued at $328,000. Y Intercept Hong Kong Ltd raised its holdings in shares of Celestica by 406.3% in 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 purchasing an additional 42,215 shares during the period. Fortis Capital Advisors LLC acquired a new stake in Celestica in the 2nd quarter valued at about $343,000. Light Street Capital Management LLC bought a new position in Celestica during the second quarter worth about $26,422,000. Finally, TD Waterhouse Canada Inc. increased its position in Celestica by 2.2% during the second quarter. TD Waterhouse Canada Inc. now owns 150,422 shares of the technology company’s stock worth $22,356,000 after buying an additional 3,221 shares during the last quarter. 67.38% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the company. TD Securities set a $305.00 price objective on Celestica and gave the company a “hold” rating in a research report on Wednesday, January 21st. Zacks Research downgraded Celestica from a “strong-buy” rating to a “hold” rating in a report on Monday, December 29th. The Goldman Sachs Group lifted their price objective on shares of Celestica from $340.00 to $440.00 and gave the stock a “buy” rating in a research report on Wednesday, October 29th. Barclays increased their price objective on shares of Celestica from $357.00 to $359.00 and gave the company an “overweight” rating in a research report on Friday, November 14th. Finally, Wall Street Zen raised shares of Celestica from a “hold” rating to a “buy” rating in a report on Friday. One research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and four have given a Hold rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $340.75.

Celestica Trading Up 1.6%

Shares of Celestica stock opened at $308.04 on Tuesday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.88 and a current ratio of 1.47. The firm has a 50-day moving average of $309.44 and a 200-day moving average of $263.74. Celestica, Inc. has a 52-week low of $58.05 and a 52-week high of $363.40. The stock has a market cap of $35.44 billion, a PE ratio of 50.01 and a beta of 1.87.

Celestica (NYSE:CLS) (TSE:CLS) last issued its quarterly earnings data on Monday, October 27th. The technology company reported $1.58 earnings per share for the quarter, topping the consensus estimate of $1.45 by $0.13. The business had revenue of $3.19 billion during the quarter, compared to analysts’ expectations of $3.01 billion. Celestica had a net margin of 6.35% and a return on equity of 30.53%. The business’s revenue was up 27.8% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.04 EPS. As a group, sell-side analysts forecast that Celestica, Inc. will post 4.35 EPS for the current year.

Insider Activity at Celestica

In other Celestica news, Director Laurette T. Koellner purchased 6,000 shares of the company’s stock in a transaction dated Thursday, October 30th. The stock was bought at an average cost of $341.67 per share, for a total transaction of $2,050,020.00. Following the completion of the transaction, the director owned 6,000 shares in the company, valued at approximately $2,050,020. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Corporate insiders own 0.52% of the company’s stock.

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.