Celestica, Inc. $CLS Shares Sold by Magnetar Financial LLC

Magnetar Financial LLC lessened its stake in Celestica, Inc. (NYSE:CLS) (TSE:CLS) by 94.5% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 2,378 shares of the technology company’s stock after selling 40,708 shares during the period. Magnetar Financial LLC’s holdings in Celestica were worth $371,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Golden State Wealth Management LLC boosted its position in shares of Celestica by 102.5% during the second quarter. Golden State Wealth Management LLC now owns 164 shares of the technology company’s stock worth $26,000 after buying an additional 83 shares during the period. ST Germain D J Co. Inc. purchased a new position in Celestica during the 2nd quarter valued at about $37,000. First Horizon Advisors Inc. boosted its holdings in Celestica by 33.1% during the 2nd quarter. First Horizon Advisors Inc. now owns 350 shares of the technology company’s stock valued at $55,000 after acquiring an additional 87 shares during the period. Wolff Wiese Magana LLC grew its position in Celestica by 45.6% in the 2nd quarter. Wolff Wiese Magana LLC now owns 364 shares of the technology company’s stock valued at $57,000 after acquiring an additional 114 shares in the last quarter. Finally, Rothschild Investment LLC grew its position in Celestica by 20.0% in the 2nd quarter. Rothschild Investment LLC now owns 390 shares of the technology company’s stock valued at $61,000 after acquiring an additional 65 shares in the last quarter. 67.38% of the stock is currently owned by institutional investors and hedge funds.

Celestica Trading Up 1.5%

NYSE CLS opened at $327.45 on Wednesday. Celestica, Inc. has a 52 week low of $58.05 and a 52 week high of $363.40. The firm has a 50 day moving average of $285.66 and a two-hundred day moving average of $208.13. The company has a quick ratio of 0.86, a current ratio of 1.47 and a debt-to-equity ratio of 0.37. The stock has a market capitalization of $37.66 billion, a PE ratio of 53.16 and a beta of 1.85.

Celestica (NYSE:CLS) (TSE:CLS) last released its quarterly earnings data on Monday, October 27th. The technology company reported $1.58 earnings per share (EPS) 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 company’s revenue for the quarter was up 27.8% on a year-over-year basis. During the same period in the previous year, the company earned $1.04 EPS. As a group, research analysts expect that Celestica, Inc. will post 4.35 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have recently commented on CLS shares. Barclays raised their price objective on shares of Celestica from $357.00 to $359.00 and gave the company an “overweight” rating in a research note on Friday, November 14th. Royal Bank Of Canada increased their target price on shares of Celestica from $315.00 to $400.00 and gave the stock an “outperform” rating in a report on Wednesday, October 29th. Wall Street Zen raised shares of Celestica from a “hold” rating to a “buy” rating in a research report on Saturday, October 4th. TD Securities boosted their price target on shares of Celestica from $238.00 to $305.00 and gave the stock a “hold” rating in a research note on Wednesday, October 29th. Finally, BMO Capital Markets set a $370.00 price objective on Celestica and gave the stock an “outperform” rating in a research report on Wednesday, October 29th. One research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, Celestica presently has a consensus rating of “Moderate Buy” and a consensus price target of $336.13.

Insider Activity

In other Celestica news, Director Laurette T. Koellner acquired 6,000 shares of the stock in a transaction dated Thursday, October 30th. The stock was acquired at an average cost of $341.67 per share, with a total value of $2,050,020.00. Following the transaction, the director owned 6,000 shares in the company, valued at $2,050,020. The trade was a ? increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 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.