Bank of America Corp DE trimmed its position in Celestica Inc (NYSE:CLS) (TSE:CLS) by 66.6% during the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 12,417 shares of the technology company’s stock after selling 24,782 shares during the period. Bank of America Corp DE’s holdings in Celestica were worth $108,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Letko Brosseau & Associates Inc. boosted its position in Celestica by 7.8% in the 4th quarter. Letko Brosseau & Associates Inc. now owns 22,173,121 shares of the technology company’s stock valued at $194,165,000 after buying an additional 1,599,033 shares during the last quarter. Vanguard Group Inc. boosted its position in shares of Celestica by 2.9% in the 3rd quarter. Vanguard Group Inc. now owns 2,977,912 shares of the technology company’s stock worth $32,250,000 after purchasing an additional 83,417 shares during the last quarter. Morgan Stanley boosted its position in shares of Celestica by 42.9% in the 3rd quarter. Morgan Stanley now owns 883,650 shares of the technology company’s stock worth $9,570,000 after purchasing an additional 265,131 shares during the last quarter. Bank of Montreal Can boosted its position in shares of Celestica by 2.7% in the 4th quarter. Bank of Montreal Can now owns 253,995 shares of the technology company’s stock worth $2,227,000 after purchasing an additional 6,652 shares during the last quarter. Finally, Ramsey Quantitative Systems boosted its position in shares of Celestica by 265.6% in the 4th quarter. Ramsey Quantitative Systems now owns 37,689 shares of the technology company’s stock worth $331,000 after purchasing an additional 27,380 shares during the last quarter. Hedge funds and other institutional investors own 64.50% of the company’s stock.

Several research firms have recently issued reports on CLS. Zacks Investment Research lowered Celestica from a “buy” rating to a “hold” rating in a research report on Tuesday, April 16th. Canaccord Genuity restated a “buy” rating and issued a $11.00 price target on shares of Celestica in a research report on Tuesday, February 5th. CIBC lowered Celestica from an “outperform” rating to a “neutral” rating in a research report on Thursday, April 25th. Royal Bank of Canada reduced their price target on Celestica from $10.00 to $9.00 and set a “sector perform” rating on the stock in a research report on Friday, April 26th. Finally, Beacon Securities lowered Celestica from a “buy” rating to a “hold” rating and reduced their price target for the stock from $10.50 to $9.00 in a research report on Friday, April 26th. One equities research analyst has rated the stock with a sell rating and nine have given a hold rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $9.39.

Shares of Celestica stock opened at $6.25 on Tuesday. The firm has a market cap of $858.34 million, a P/E ratio of 8.93 and a beta of 0.78. Celestica Inc has a 12 month low of $6.22 and a 12 month high of $12.59. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.08 and a current ratio of 1.81.

Celestica (NYSE:CLS) (TSE:CLS) last issued its quarterly earnings data on Thursday, April 25th. The technology company reported $0.12 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.04 by $0.08. The business had revenue of $1.50 billion for the quarter, compared to the consensus estimate of $1.50 billion. Celestica had a return on equity of 13.21% and a net margin of 2.67%. The firm’s revenue was up 4.6% compared to the same quarter last year. During the same quarter last year, the business posted $0.24 EPS. On average, analysts expect that Celestica Inc will post -0.4 EPS for the current year.

ILLEGAL ACTIVITY WARNING: “Bank of America Corp DE Sells 24,782 Shares of Celestica Inc (CLS)” was first reported by Daily Political and is owned by of Daily Political. If you are accessing this story on another site, it was illegally stolen and reposted in violation of United States & international copyright laws. The legal version of this story can be accessed at https://www.dailypolitical.com/2019/06/04/bank-of-america-corp-de-sells-24782-shares-of-celestica-inc-cls.html.

Celestica Profile

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.

See Also: Why Net Income is Important to Investors

Want to see what other hedge funds are holding CLS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Celestica Inc (NYSE:CLS) (TSE:CLS).

Institutional Ownership by Quarter for Celestica (NYSE:CLS)

Receive News & Ratings for Celestica Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Celestica and related companies with MarketBeat.com's FREE daily email newsletter.