Vident Advisory LLC Sells 7,954 Shares of Celestica Inc. (NYSE:CLS)

Vident Advisory LLC cut its stake in shares of Celestica Inc. (NYSE:CLS) (TSE:CLS) by 11.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 62,493 shares of the technology company’s stock after selling 7,954 shares during the quarter. Vident Advisory LLC owned 0.05% of Celestica worth $5,766,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. FMR LLC grew its holdings in shares of Celestica by 91.2% during the 4th quarter. FMR LLC now owns 11,688,700 shares of the technology company’s stock valued at $1,078,804,000 after purchasing an additional 5,574,342 shares during the last quarter. Arrowstreet Capital Limited Partnership grew its holdings in Celestica by 64.6% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 3,572,988 shares of the technology company’s stock worth $329,460,000 after acquiring an additional 1,401,877 shares during the last quarter. FIL Ltd grew its holdings in Celestica by 5,976.1% during the 4th quarter. FIL Ltd now owns 3,463,729 shares of the technology company’s stock worth $319,662,000 after acquiring an additional 3,406,723 shares during the last quarter. Invesco Ltd. grew its holdings in Celestica by 20.2% during the 4th quarter. Invesco Ltd. now owns 2,942,816 shares of the technology company’s stock worth $271,622,000 after acquiring an additional 494,542 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in Celestica by 49.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,173,318 shares of the technology company’s stock worth $200,601,000 after acquiring an additional 719,805 shares during the last quarter. 67.38% of the stock is owned by institutional investors.

Celestica Stock Down 1.7%

Celestica stock opened at $111.29 on Tuesday. The company has a quick ratio of 0.87, a current ratio of 1.47 and a debt-to-equity ratio of 0.49. Celestica Inc. has a 12-month low of $40.25 and a 12-month high of $144.27. The firm’s fifty day moving average is $88.35 and its 200 day moving average is $96.40. The company has a market capitalization of $12.87 billion, a PE ratio of 29.76 and a beta of 1.65.

Celestica (NYSE:CLS) (TSE:CLS) last released its earnings results on Thursday, April 24th. The technology company reported $1.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.10 by $0.10. Celestica had a net margin of 4.61% and a return on equity of 23.34%. The company had revenue of $2.65 billion for the quarter, compared to the consensus estimate of $2.56 billion. During the same quarter in the previous year, the company earned $0.83 EPS. Celestica’s quarterly revenue was up 19.9% compared to the same quarter last year. As a group, sell-side analysts predict that Celestica Inc. will post 4.35 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research firms have weighed in on CLS. Royal Bank of Canada reissued an “outperform” rating and set a $120.00 target price on shares of Celestica in a report on Monday, April 28th. CIBC reduced their target price on shares of Celestica from $150.00 to $120.00 and set an “outperformer” rating on the stock in a report on Tuesday, April 15th. Cibc World Mkts raised shares of Celestica from a “hold” rating to a “strong-buy” rating in a report on Friday, January 31st. Argus reduced their price objective on shares of Celestica from $150.00 to $120.00 and set a “buy” rating on the stock in a research note on Tuesday, April 29th. Finally, TD Securities upped their price objective on shares of Celestica from $70.00 to $107.00 and gave the company a “buy” rating in a research note on Tuesday, January 28th. Two analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Celestica has an average rating of “Moderate Buy” and a consensus target price of $109.55.

About Celestica

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.