Celestica, Inc. $CLS Shares Sold by Bay Rivers Group

Bay Rivers Group lowered its holdings in Celestica, Inc. (NYSE:CLS) (TSE:CLS) by 20.5% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 15,608 shares of the technology company’s stock after selling 4,028 shares during the quarter. Celestica accounts for 1.6% of Bay Rivers Group’s holdings, making the stock its 25th biggest position. Bay Rivers Group’s holdings in Celestica were worth $3,845,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Voya Investment Management LLC boosted its holdings in Celestica by 362.8% in the first quarter. Voya Investment Management LLC now owns 1,854,085 shares of the technology company’s stock valued at $146,122,000 after purchasing an additional 1,453,473 shares during the last quarter. Franklin Resources Inc. raised its stake in shares of Celestica by 25.8% during the 2nd quarter. Franklin Resources Inc. now owns 1,833,205 shares of the technology company’s stock valued at $286,184,000 after buying an additional 375,910 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its holdings in shares of Celestica by 17.6% in the 2nd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,733,686 shares of the technology company’s stock valued at $271,045,000 after buying an additional 259,504 shares during the period. Norges Bank purchased a new stake in shares of Celestica in the second quarter worth about $236,069,000. Finally, Royal Bank of Canada grew its holdings in Celestica by 1.5% during the first quarter. Royal Bank of Canada now owns 1,280,563 shares of the technology company’s stock worth $100,922,000 after acquiring an additional 19,391 shares during the period. Hedge funds and other institutional investors own 67.38% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently weighed in on CLS shares. Wall Street Zen cut Celestica from a “buy” rating to a “hold” rating in a research report on Saturday, December 6th. The Goldman Sachs Group lifted their target price on shares of Celestica from $340.00 to $440.00 and gave the company a “buy” rating in a report on Wednesday, October 29th. BNP Paribas reiterated an “outperform” rating and issued a $300.00 target price on shares of Celestica in a research note on Thursday, September 25th. Barclays increased 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. Finally, TD Cowen reaffirmed a “hold” rating and issued a $238.00 price objective on shares of Celestica in a report on Friday, October 3rd. One 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. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $336.13.

Celestica Trading Down 4.7%

Shares of Celestica stock opened at $275.26 on Thursday. The company has a current ratio of 1.47, a quick ratio of 0.88 and a debt-to-equity ratio of 0.37. Celestica, Inc. has a twelve month low of $58.05 and a twelve month high of $363.40. The firm has a market capitalization of $31.65 billion, a PE ratio of 44.69 and a beta of 1.83. The firm’s 50-day moving average price is $309.51 and its 200 day moving average price is $230.67.

Celestica (NYSE:CLS) (TSE:CLS) last announced 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. The business had revenue of $3.19 billion during the quarter, compared to analysts’ expectations of $3.01 billion. Celestica had a return on equity of 30.53% and a net margin of 6.35%.The business’s revenue was up 27.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.04 earnings per share. On average, sell-side analysts predict that Celestica, Inc. will post 4.35 EPS for the current fiscal year.

Insider Buying and Selling

In other news, Director Laurette T. Koellner acquired 6,000 shares of the firm’s stock in a transaction on Thursday, October 30th. The shares were bought at an average price of $341.67 per share, for a total transaction of $2,050,020.00. Following the acquisition, the director owned 6,000 shares of the company’s stock, valued at approximately $2,050,020. This trade represents a ∞ increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Corporate insiders own 0.52% of the company’s stock.

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.