Celestica, Inc. $CLS Shares Sold by Intact Investment Management Inc.

Intact Investment Management Inc. lessened its stake in shares of Celestica, Inc. (NYSE:CLS) (TSE:CLS) by 91.4% during the third quarter, Holdings Channel.com reports. The fund owned 1,100 shares of the technology company’s stock after selling 11,710 shares during the period. Intact Investment Management Inc.’s holdings in Celestica were worth $271,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Thompson Davis & CO. Inc. bought a new stake in Celestica in the second quarter worth about $328,000. Y Intercept Hong Kong Ltd lifted its stake in Celestica by 406.3% during the second 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 last quarter. Fortis Capital Advisors LLC bought a new stake in Celestica during the second quarter worth approximately $343,000. Light Street Capital Management LLC bought a new stake in Celestica during the second quarter worth approximately $26,422,000. Finally, TD Waterhouse Canada Inc. grew its position in Celestica by 2.2% in 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 currently owned by institutional investors and hedge funds.

Celestica Price Performance

Shares of NYSE:CLS opened at $308.04 on Tuesday. The firm has a market cap of $35.44 billion, a price-to-earnings ratio of 50.01 and a beta of 1.87. Celestica, Inc. has a 1 year low of $58.05 and a 1 year 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 business has a fifty day simple moving average of $309.44 and a 200 day simple moving average of $263.74.

Celestica (NYSE:CLS) (TSE:CLS) last issued 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 return on equity of 30.53% and a net margin of 6.35%.The firm had revenue of $3.19 billion for the quarter, compared to the consensus estimate of $3.01 billion. During the same quarter in the previous year, the company posted $1.04 earnings per share. The business’s quarterly revenue was up 27.8% compared to the same quarter last year. As a group, sell-side analysts predict that Celestica, Inc. will post 4.35 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on CLS shares. Weiss Ratings reiterated a “buy (b)” rating on shares of Celestica in a research report on Wednesday, January 21st. Aletheia Capital upped their target price on Celestica from $330.00 to $410.00 and gave the company a “buy” rating in a report on Tuesday, January 20th. Barclays lifted their price target on Celestica from $357.00 to $359.00 and gave the stock an “overweight” rating in a research note on Friday, November 14th. Zacks Research downgraded Celestica from a “strong-buy” rating to a “hold” rating in a report on Monday, December 29th. Finally, TD Cowen reiterated a “hold” rating and issued a $238.00 target price on shares of Celestica in a report on Friday, October 3rd. One analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $340.75.

Insider Activity

In other news, Director Laurette T. Koellner purchased 6,000 shares of the stock in a transaction that occurred on Thursday, October 30th. The stock was acquired at an average price of $341.67 per share, with a total value of $2,050,020.00. Following the purchase, the director owned 6,000 shares in the company, valued at $2,050,020. This represents a ∞ increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.52% of the stock is currently owned by corporate insiders.

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.