Caitong International Asset Management Co. Ltd Sells 1,141 Shares of Celestica, Inc. (NYSE:CLS)

Caitong International Asset Management Co. Ltd trimmed its position in Celestica, Inc. (NYSE:CLS) (TSE:CLS) by 33.5% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 2,261 shares of the technology company’s stock after selling 1,141 shares during the quarter. Caitong International Asset Management Co. Ltd’s holdings in Celestica were worth $178,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Rothschild Investment LLC bought a new stake in shares of Celestica in the 1st quarter valued at about $26,000. ORG Partners LLC bought a new stake in shares of Celestica in the 1st quarter valued at about $29,000. Center for Financial Planning Inc. bought a new stake in shares of Celestica in the 1st quarter valued at about $30,000. Bessemer Group Inc. bought a new stake in shares of Celestica in the 4th quarter valued at about $42,000. Finally, Farther Finance Advisors LLC raised its holdings in shares of Celestica by 1,516.7% in the 1st quarter. Farther Finance Advisors LLC now owns 679 shares of the technology company’s stock valued at $54,000 after purchasing an additional 637 shares during the period. 67.38% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on CLS. Wall Street Zen raised shares of Celestica from a “hold” rating to a “buy” rating in a report on Saturday, August 2nd. Canaccord Genuity Group upped their price target on shares of Celestica from $126.00 to $240.00 and gave the company a “buy” rating in a research note on Wednesday, July 30th. Barclays upped their price target on shares of Celestica from $146.00 to $220.00 and gave the company an “overweight” rating in a research note on Wednesday, July 30th. JPMorgan Chase & Co. upped their price target on shares of Celestica from $170.00 to $225.00 and gave the company an “overweight” rating in a research note on Wednesday, July 30th. Finally, BNP Paribas upgraded shares of Celestica to a “strong-buy” rating in a research note on Wednesday, June 11th. Two analysts have rated the stock with a hold rating, ten have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Buy” and an average target price of $168.92.

Celestica Stock Performance

Shares of NYSE:CLS opened at $204.41 on Thursday. The company’s 50 day moving average price is $161.40 and its two-hundred day moving average price is $121.45. Celestica, Inc. has a 12-month low of $40.65 and a 12-month high of $218.80. The firm has a market cap of $23.51 billion, a PE ratio of 44.24 and a beta of 1.80. The company has a quick ratio of 0.86, a current ratio of 1.44 and a debt-to-equity ratio of 0.48.

Celestica (NYSE:CLS) (TSE:CLS) last announced its earnings results on Monday, July 28th. The technology company reported $1.39 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.23 by $0.16. Celestica had a net margin of 5.11% and a return on equity of 28.23%. The firm had revenue of $2.89 billion for the quarter, compared to analyst estimates of $2.65 billion. During the same quarter in the prior year, the business posted $0.91 EPS. The business’s revenue was up 21.0% compared to the same quarter last year. Equities research analysts predict that Celestica, Inc. will post 4.35 earnings per share for the current year.

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.