Alberta Investment Management Corp reduced its holdings in Celestica Inc (NYSE:CLS) (TSE:CLS) by 66.5% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 858,935 shares of the technology company’s stock after selling 1,708,451 shares during the quarter. Alberta Investment Management Corp owned 0.67% of Celestica worth $2,981,000 at the end of the most recent reporting period.
Several other institutional investors have also made changes to their positions in CLS. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Celestica by 96.3% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 12,380 shares of the technology company’s stock worth $43,000 after buying an additional 6,073 shares during the period. Hennessy Advisors Inc. acquired a new position in shares of Celestica during the first quarter worth about $45,000. Atria Investments LLC acquired a new position in shares of Celestica during the fourth quarter worth about $110,000. OneAscent Financial Services LLC acquired a new position in shares of Celestica during the fourth quarter worth about $113,000. Finally, Aigen Investment Management LP acquired a new position in shares of Celestica during the fourth quarter worth about $115,000. Institutional investors own 65.44% of the company’s stock.
Several research analysts have recently weighed in on the company. TheStreet cut Celestica from a “c-” rating to a “d” rating in a research report on Wednesday, April 29th. Pi Financial reaffirmed a “hold” rating and set a $6.50 price objective on shares of Celestica in a research report on Monday, April 27th. ValuEngine cut Celestica from a “buy” rating to a “hold” rating in a research report on Friday, May 1st. TD Securities upped their price objective on Celestica from $4.50 to $6.50 and gave the stock a “hold” rating in a research report on Thursday, April 30th. Finally, Royal Bank of Canada reduced their price target on Celestica from $6.00 to $5.00 and set a “sector perform” rating for the company in a research report on Monday, April 27th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and one has given a buy rating to the company. Celestica has a consensus rating of “Hold” and an average target price of $6.63.
Shares of NYSE CLS opened at $6.31 on Friday. The stock has a 50 day moving average price of $4.91 and a 200 day moving average price of $6.73. Celestica Inc has a 52 week low of $2.63 and a 52 week high of $9.29. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.03 and a current ratio of 1.76. The stock has a market capitalization of $816.89 million, a PE ratio of 26.38, a price-to-earnings-growth ratio of 0.84 and a beta of 2.18.
Celestica (NYSE:CLS) (TSE:CLS) last issued its quarterly earnings results on Wednesday, April 29th. The technology company reported $0.16 EPS for the quarter, beating the consensus estimate of $0.11 by $0.05. Celestica had a positive return on equity of 2.31% and a negative net margin of 0.40%. The firm had revenue of $1.32 billion during the quarter, compared to analysts’ expectations of $1.25 billion. During the same period in the prior year, the firm posted $0.12 earnings per share. The business’s quarterly revenue was down 8.0% compared to the same quarter last year. As a group, research analysts forecast that Celestica Inc will post 0.56 EPS for the current year.
Celestica Company Profile
Celestica Inc provides design, manufacturing, hardware platform, and supply chain solutions in Canada and internationally. It operates through two segments, Advanced Technology Solutions, and Connectivity & Cloud Solutions. The company offers a range of services, including design and development, engineering, supply chain management, new product introduction, component sourcing, electronics manufacturing, assembly and test, complex mechanical assembly, systems integration, precision machining, order fulfillment, logistics, asset management, product licensing, and after-market repair and return services.
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