Celestica, Inc. (NYSE:CLS) Shares Sold by LMG Wealth Partners LLC

by · The Cerbat Gem

LMG Wealth Partners LLC lessened its stake in shares of Celestica, Inc. (NYSE:CLS – Free Report) (TSE:CLS) by 1.7% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 31,214 shares of the technology company’s stock after selling 547 shares during the period. LMG Wealth Partners LLC’s holdings in Celestica were worth $2,460,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently modified their holdings of the company. FMR LLC raised its holdings in Celestica by 91.2% in the 4th quarter. FMR LLC now owns 11,688,700 shares of the technology company’s stock valued at $1,078,804,000 after buying an additional 5,574,342 shares during the period. FIL Ltd increased its stake in Celestica by 5,976.1% during the fourth quarter. FIL Ltd now owns 3,463,729 shares of the technology company’s stock worth $319,662,000 after purchasing an additional 3,406,723 shares during the period. Norges Bank purchased a new stake in Celestica during the fourth quarter worth about $139,008,000. Polar Capital Holdings Plc increased its stake in Celestica by 822.6% during the fourth quarter. Polar Capital Holdings Plc now owns 1,607,969 shares of the technology company’s stock worth $148,416,000 after purchasing an additional 1,433,681 shares during the period. Finally, Arrowstreet Capital Limited Partnership grew its position in shares of Celestica by 64.6% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 3,572,988 shares of the technology company’s stock worth $329,460,000 after buying an additional 1,401,877 shares in the last quarter. Hedge funds and other institutional investors own 67.38% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently issued reports on CLS. Wall Street Zen downgraded Celestica from a “buy” rating to a “hold” rating in a report on Thursday, May 22nd. Argus lowered their price target on Celestica from $150.00 to $120.00 and set a “buy” rating for the company in a report on Tuesday, April 29th. Royal Bank Of Canada reissued an “outperform” rating and issued a $120.00 price objective on shares of Celestica in a report on Monday, April 28th. BMO Capital Markets reissued an “outperform” rating and issued a $130.00 price objective (up from $118.00) on shares of Celestica in a report on Thursday, May 22nd. Finally, BNP Paribas raised Celestica to a “strong-buy” rating in a report on Wednesday, June 11th. Two research analysts have rated the stock with a hold rating, nine have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, Celestica presently has an average rating of “Buy” and an average price target of $116.64.

Get Our Latest Stock Analysis on CLS

Celestica Trading Down 1.1%

Shares of CLS stock opened at $160.49 on Wednesday. Celestica, Inc. has a fifty-two week low of $40.25 and a fifty-two week high of $165.83. The stock has a market cap of $18.45 billion, a P/E ratio of 44.21 and a beta of 1.81. The business has a fifty day simple moving average of $130.39 and a 200-day simple moving average of $109.80. The company has a quick ratio of 0.85, a current ratio of 1.43 and a debt-to-equity ratio of 0.59.

Celestica (NYSE:CLS – Get Free Report) (TSE:CLS) last announced its quarterly earnings results on Thursday, April 24th. The technology company reported $1.20 earnings per share for the quarter, beating analysts’ consensus estimates of $1.10 by $0.10. Celestica had a return on equity of 25.57% and a net margin of 4.26%. The business had revenue of $2.65 billion during the quarter, compared to analysts’ expectations of $2.56 billion. During the same quarter last year, the business posted $0.83 earnings per share. The business’s revenue for the quarter was up 19.9% on a year-over-year basis. On average, analysts forecast that Celestica, Inc. will post 4.35 earnings per share for the current fiscal year.

Celestica Company Profile

(Free Report)

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.

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