Celestica, Inc. $CLS Shares Sold by Intact Investment Management Inc.

Intact Investment Management Inc. trimmed its position in Celestica, Inc. (NYSE:CLS) (TSE:CLS) by 50.4% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,810 shares of the technology company’s stock after selling 13,020 shares during the quarter. Intact Investment Management Inc.’s holdings in Celestica were worth $2,001,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of CLS. Goldstream Capital Management Ltd increased its position in Celestica by 394.4% during the 2nd quarter. Goldstream Capital Management Ltd now owns 24,361 shares of the technology company’s stock worth $3,803,000 after purchasing an additional 19,434 shares in the last quarter. Lombard Odier Asset Management Switzerland SA purchased a new stake in Celestica during the second quarter worth approximately $1,623,000. Ossiam acquired a new stake in shares of Celestica in the second quarter worth $324,000. Brant Point Investment Management LLC raised its stake in shares of Celestica by 7.7% in the 2nd quarter. Brant Point Investment Management LLC now owns 32,348 shares of the technology company’s stock valued at $5,050,000 after acquiring an additional 2,322 shares during the period. Finally, Jump Financial LLC lifted its holdings in shares of Celestica by 135.1% during the 2nd quarter. Jump Financial LLC now owns 142,506 shares of the technology company’s stock valued at $22,247,000 after acquiring an additional 81,881 shares in the last quarter. 67.38% of the stock is owned by institutional investors and hedge funds.

Celestica Stock Performance

Shares of Celestica stock opened at $349.18 on Thursday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.88 and a current ratio of 1.47. The firm has a market cap of $40.16 billion, a PE ratio of 56.69 and a beta of 1.83. Celestica, Inc. has a 1 year low of $58.05 and a 1 year high of $363.40. The firm’s 50-day simple moving average is $303.29 and its 200-day simple moving average is $224.12.

Celestica (NYSE:CLS) (TSE:CLS) last released its quarterly earnings data on Monday, October 27th. The technology company reported $1.58 EPS for the quarter, topping analysts’ consensus estimates of $1.45 by $0.13. Celestica had a net margin of 6.35% and a return on equity of 30.53%. The firm had revenue of $3.19 billion during the quarter, compared to the consensus estimate of $3.01 billion. During the same quarter in the previous year, the company posted $1.04 earnings per share. The firm’s revenue was up 27.8% on a year-over-year basis. Equities analysts forecast that Celestica, Inc. will post 4.35 earnings per share for the current fiscal year.

Insider Transactions at Celestica

In related news, Director Laurette T. Koellner acquired 6,000 shares of Celestica stock in a transaction that occurred on Thursday, October 30th. The stock was acquired at an average price of $341.67 per share, for a total transaction of $2,050,020.00. Following the transaction, the director directly owned 6,000 shares of the company’s stock, valued at $2,050,020. This trade represents a ∞ increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.52% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

CLS has been the subject of several recent research reports. BNP Paribas reiterated an “outperform” rating and issued a $300.00 price target on shares of Celestica in a report on Thursday, September 25th. BMO Capital Markets set a $370.00 target price on Celestica and gave the stock an “outperform” rating in a research report on Wednesday, October 29th. JPMorgan Chase & Co. raised their target price on Celestica from $295.00 to $360.00 and gave the company an “overweight” rating in a report on Wednesday, October 29th. Weiss Ratings reissued a “buy (b)” rating on shares of Celestica in a research report on Wednesday, October 8th. Finally, TD Cowen reaffirmed a “hold” rating and issued a $238.00 price objective on shares of Celestica in a research report on Friday, October 3rd. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, Celestica currently has a consensus rating of “Moderate Buy” and an average price target of $336.13.

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.