Mutual Advisors LLC raised its position in Celestica Inc (NYSE:CLS) (TSE:CLS) by 93.5% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 75,260 shares of the technology company’s stock after purchasing an additional 36,360 shares during the period. Mutual Advisors LLC owned 0.06% of Celestica worth $540,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors have also recently made changes to their positions in the business. Donald Smith & CO. Inc. increased its position in shares of Celestica by 3.3% in the 3rd quarter. Donald Smith & CO. Inc. now owns 3,892,765 shares of the technology company’s stock valued at $27,911,000 after purchasing an additional 123,626 shares during the last quarter. CIBC Asset Management Inc grew its position in shares of Celestica by 1,631.4% in the 3rd quarter. CIBC Asset Management Inc now owns 1,165,852 shares of the technology company’s stock valued at $8,361,000 after buying an additional 1,098,516 shares during the last quarter. Foundry Partners LLC grew its position in shares of Celestica by 6.1% in the 3rd quarter. Foundry Partners LLC now owns 1,156,447 shares of the technology company’s stock valued at $8,292,000 after buying an additional 66,122 shares during the last quarter. Atria Investments LLC grew its position in shares of Celestica by 24.3% in the 2nd quarter. Atria Investments LLC now owns 25,927 shares of the technology company’s stock valued at $169,000 after buying an additional 5,075 shares during the last quarter. Finally, Mackenzie Financial Corp grew its position in shares of Celestica by 0.8% in the 2nd quarter. Mackenzie Financial Corp now owns 2,587,565 shares of the technology company’s stock valued at $17,673,000 after buying an additional 19,951 shares during the last quarter. 65.84% of the stock is currently owned by institutional investors.
Celestica stock traded up $0.01 during midday trading on Friday, hitting $7.90. 160,132 shares of the company’s stock were exchanged, compared to its average volume of 560,673. Celestica Inc has a 12-month low of $5.95 and a 12-month high of $10.74. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.78 and a current ratio of 1.31. The stock has a market cap of $982.43 million, a price-to-earnings ratio of 11.28, a price-to-earnings-growth ratio of 17.10 and a beta of 0.78. The firm’s 50 day simple moving average is $6.97 and its 200 day simple moving average is $6.88.
Celestica (NYSE:CLS) (TSE:CLS) last issued its quarterly earnings data on Thursday, October 24th. The technology company reported $0.13 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.08 by $0.05. Celestica had a net margin of 2.24% and a return on equity of 10.06%. The company had revenue of $1.52 billion for the quarter, compared to the consensus estimate of $1.45 billion. During the same period last year, the firm posted $0.26 EPS. Celestica’s revenue for the quarter was down 11.3% on a year-over-year basis. On average, equities research analysts forecast that Celestica Inc will post 0.21 EPS for the current fiscal year.
A number of research firms recently commented on CLS. TD Securities dropped their target price on shares of Celestica from $7.00 to $6.00 and set a “hold” rating on the stock in a research report on Friday, October 25th. Zacks Investment Research downgraded shares of Celestica from a “buy” rating to a “hold” rating in a research report on Thursday, October 24th. Pi Financial began coverage on shares of Celestica in a research report on Thursday, October 10th. They issued a “neutral” rating and a $9.30 target price on the stock. Royal Bank of Canada dropped their target price on shares of Celestica from $9.00 to $7.50 and set a “sector perform” rating on the stock in a research report on Thursday, July 25th. Finally, CIBC reaffirmed a “hold” rating and issued a $7.00 target price on shares of Celestica in a research report on Sunday, October 27th. One equities research analyst has rated the stock with a sell rating and ten have assigned a hold rating to the company. Celestica presently has a consensus rating of “Hold” and an average price target of $8.48.
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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