Celestica, Inc. (NYSE:CLS) Stock Holdings Lessened by Invesco Ltd.

Invesco Ltd. trimmed its stake in Celestica, Inc. (NYSE:CLS) (TSE:CLS) by 24.8% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,212,938 shares of the technology company’s stock after selling 729,878 shares during the quarter. Invesco Ltd. owned 1.91% of Celestica worth $174,402,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also made changes to their positions in the stock. CoreCap Advisors LLC lifted its position in shares of Celestica by 5.4% in the fourth quarter. CoreCap Advisors LLC now owns 1,760 shares of the technology company’s stock worth $162,000 after purchasing an additional 90 shares in the last quarter. First National Bank of Hutchinson lifted its position in shares of Celestica by 2.5% in the first quarter. First National Bank of Hutchinson now owns 4,914 shares of the technology company’s stock worth $387,000 after purchasing an additional 120 shares in the last quarter. Private Trust Co. NA lifted its holdings in shares of Celestica by 14.1% during the 1st quarter. Private Trust Co. NA now owns 993 shares of the technology company’s stock valued at $78,000 after buying an additional 123 shares during the last quarter. Csenge Advisory Group grew its stake in shares of Celestica by 7.1% in the 1st quarter. Csenge Advisory Group now owns 2,593 shares of the technology company’s stock valued at $218,000 after buying an additional 171 shares in the last quarter. Finally, Bay Rivers Group grew its stake in shares of Celestica by 1.1% in the 1st quarter. Bay Rivers Group now owns 19,494 shares of the technology company’s stock valued at $1,536,000 after buying an additional 215 shares in the last quarter. 67.38% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the company. Wall Street Zen raised Celestica from a “hold” rating to a “buy” rating in a research note on Saturday, August 2nd. Citigroup boosted their price target on Celestica from $172.00 to $212.00 and gave the company a “neutral” rating in a research note on Wednesday, July 30th. BNP Paribas raised Celestica to a “strong-buy” rating in a research note on Wednesday, June 11th. Royal Bank Of Canada boosted their price target on Celestica from $185.00 to $225.00 and gave the company an “outperform” rating in a research note on Wednesday, July 30th. Finally, BMO Capital Markets reissued an “outperform” rating and issued a $130.00 price target (up previously from $118.00) on shares of Celestica in a research note on Thursday, May 22nd. Two investment analysts have rated the stock with a hold rating, ten have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of $168.92.

Celestica Stock Down 4.2%

CLS opened at $204.41 on Thursday. The business has a 50 day moving average price of $161.40 and a 200 day moving average price of $121.45. Celestica, Inc. has a twelve month low of $40.65 and a twelve month high of $218.80. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.86 and a current ratio of 1.44. The firm has a market cap of $23.51 billion, a P/E ratio of 44.24 and a beta of 1.80.

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

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.