Hexavest Inc. cut its stake in shares of Celestica Inc (NYSE:CLS) (TSE:CLS) by 5.4% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 654,503 shares of the technology company’s stock after selling 37,069 shares during the period. Hexavest Inc. owned approximately 0.47% of Celestica worth $9,491,000 as of its most recent SEC filing.
Other institutional investors have also made changes to their positions in the company. Bank of Montreal Can raised its position in shares of Celestica by 47.0% in the first quarter. Bank of Montreal Can now owns 256,832 shares of the technology company’s stock valued at $3,732,000 after buying an additional 82,097 shares in the last quarter. Cutler Group LP raised its position in shares of Celestica by 367.1% in the first quarter. Cutler Group LP now owns 7,557 shares of the technology company’s stock valued at $109,000 after buying an additional 5,939 shares in the last quarter. Foundry Partners LLC raised its position in shares of Celestica by 13.6% in the first quarter. Foundry Partners LLC now owns 561,561 shares of the technology company’s stock valued at $8,159,000 after buying an additional 67,054 shares in the last quarter. Quadrature Capital Ltd raised its position in shares of Celestica by 152.4% in the fourth quarter. Quadrature Capital Ltd now owns 81,263 shares of the technology company’s stock valued at $960,000 after buying an additional 49,063 shares in the last quarter. Finally, Norges Bank acquired a new position in shares of Celestica during the fourth quarter valued at $22,977,000. Institutional investors and hedge funds own 71.79% of the company’s stock.
Shares of Celestica Inc (NYSE:CLS) traded up 0.28% during midday trading on Friday, hitting $14.24. 484,862 shares of the stock traded hands. The stock has a market capitalization of $1.99 billion, a P/E ratio of 14.99 and a beta of 1.01. Celestica Inc has a 52 week low of $8.83 and a 52 week high of $14.74. The firm has a 50-day moving average price of $14.06 and a 200-day moving average price of $12.71.
Celestica (NYSE:CLS) last posted its earnings results on Thursday, April 20th. The technology company reported $0.29 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.28 by $0.01. Celestica had a net margin of 2.27% and a return on equity of 14.03%. The firm earned $1.47 billion during the quarter, compared to analyst estimates of $1.45 billion. During the same quarter in the prior year, the business posted $0.26 EPS. The business’s revenue was up 8.6% compared to the same quarter last year. On average, equities analysts predict that Celestica Inc will post $1.29 earnings per share for the current fiscal year.
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Several equities analysts recently weighed in on the stock. BMO Capital Markets set a $16.00 price objective on shares of Celestica and gave the company a “hold” rating in a report on Thursday. Scotiabank reiterated a “sector perform” rating on shares of Celestica in a report on Friday. TD Securities reiterated a “hold” rating on shares of Celestica in a report on Friday. Citigroup Inc upgraded shares of Celestica from a “sell” rating to a “neutral” rating and increased their target price for the stock from $11.50 to $15.00 in a report on Thursday, April 6th. Finally, Macquarie upgraded shares of Celestica from a “neutral” rating to an “outperform” rating and set a $16.00 target price on the stock in a report on Friday, January 27th. Nine research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $13.36.
Celestica Inc is a provider of supply chain solutions. The Company operates in electronics manufacturing services business segment. The Company offers a range of services to its customers, including design and development, engineering services, supply chain management, new product introduction, component sourcing, electronics manufacturing, assembly and test, complex mechanical assembly, systems integration, precision machining, order fulfillment, logistics and after-market repair and return services.
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