Celestica Inc. (NYSE:CLS) Shares Sold by Foundry Partners LLC

Foundry Partners LLC lowered its stake in Celestica Inc. (NYSE:CLS) (TSE:CLS) by 33.9% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 95,498 shares of the technology company’s stock after selling 48,879 shares during the period. Foundry Partners LLC’s holdings in Celestica were worth $2,796,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of CLS. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Celestica by 8.1% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 27,540 shares of the technology company’s stock worth $811,000 after purchasing an additional 2,071 shares during the period. Bay Colony Advisory Group Inc d b a Bay Colony Advisors acquired a new stake in shares of Celestica during the 4th quarter worth $462,000. WCM Investment Management LLC acquired a new stake in shares of Celestica during the 4th quarter worth $67,832,000. Kendall Capital Management increased its holdings in shares of Celestica by 54.7% during the 4th quarter. Kendall Capital Management now owns 39,990 shares of the technology company’s stock worth $1,171,000 after buying an additional 14,140 shares during the last quarter. Finally, Stratos Wealth Partners LTD. acquired a new stake in shares of Celestica during the 4th quarter worth $214,000. Hedge funds and other institutional investors own 67.38% of the company’s stock.

Celestica Stock Up 5.5 %

Shares of Celestica stock opened at $42.98 on Tuesday. The business has a 50-day moving average of $44.10 and a 200-day moving average of $33.87. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.40 and a quick ratio of 0.75. The company has a market capitalization of $5.13 billion, a PE ratio of 21.17 and a beta of 2.22. Celestica Inc. has a 1-year low of $10.50 and a 1-year high of $51.12.

Celestica (NYSE:CLS) (TSE:CLS) last announced its earnings results on Monday, January 29th. The technology company reported $0.76 earnings per share for the quarter, beating the consensus estimate of $0.68 by $0.08. The company had revenue of $2.14 billion during the quarter, compared to the consensus estimate of $2.08 billion. Celestica had a return on equity of 17.09% and a net margin of 3.07%. As a group, equities analysts forecast that Celestica Inc. will post 2.59 EPS for the current fiscal year.

Analysts Set New Price Targets

Several analysts recently issued reports on CLS shares. Royal Bank of Canada increased their price target on Celestica from $38.00 to $47.00 and gave the company an “outperform” rating in a report on Monday. BMO Capital Markets increased their price target on Celestica from $37.00 to $48.00 and gave the company an “outperform” rating in a report on Monday. CIBC increased their price target on Celestica from $33.00 to $41.00 and gave the company an “outperform” rating in a report on Wednesday, January 31st. StockNews.com downgraded Celestica from a “buy” rating to a “hold” rating in a report on Wednesday, February 28th. Finally, Canaccord Genuity Group increased their price target on Celestica from $32.50 to $38.00 and gave the company a “buy” rating in a report on Wednesday, January 31st. Two investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $36.38.

Celestica 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.