Celestica Inc. (NYSE:CLS) Shares Sold by Guardian Capital Advisors LP

Guardian Capital Advisors LP lessened its stake in Celestica Inc. (NYSE:CLS) (TSE:CLS) by 33.3% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 5,850 shares of the technology company’s stock after selling 2,920 shares during the quarter. Guardian Capital Advisors LP’s holdings in Celestica were worth $264,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the business. Vanguard Group Inc. raised its holdings in Celestica by 1.5% in the 1st quarter. Vanguard Group Inc. now owns 4,331,184 shares of the technology company’s stock worth $194,643,000 after purchasing an additional 64,658 shares during the period. Point72 Asset Management L.P. raised its holdings in Celestica by 72.9% in the 4th quarter. Point72 Asset Management L.P. now owns 3,386,709 shares of the technology company’s stock worth $99,163,000 after purchasing an additional 1,428,071 shares during the period. Acadian Asset Management LLC raised its holdings in Celestica by 0.3% in the 1st quarter. Acadian Asset Management LLC now owns 2,640,877 shares of the technology company’s stock worth $118,730,000 after purchasing an additional 7,335 shares during the period. WCM Investment Management LLC raised its holdings in Celestica by 4.6% in the 1st quarter. WCM Investment Management LLC now owns 2,398,352 shares of the technology company’s stock worth $107,782,000 after purchasing an additional 105,943 shares during the period. Finally, Point72 Hong Kong Ltd raised its holdings in Celestica by 411.4% in the 4th quarter. Point72 Hong Kong Ltd now owns 1,627,529 shares of the technology company’s stock worth $47,654,000 after purchasing an additional 1,309,257 shares during the period. Institutional investors and hedge funds own 67.38% of the company’s stock.

Celestica Price Performance

Shares of CLS stock traded up $1.60 during trading hours on Friday, reaching $52.67. The company had a trading volume of 3,249,009 shares, compared to its average volume of 2,098,166. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.78 and a current ratio of 1.42. The stock has a fifty day moving average of $56.61 and a 200-day moving average of $46.80. The company has a market capitalization of $6.26 billion, a price-to-earnings ratio of 19.66 and a beta of 2.31. Celestica Inc. has a 12-month low of $17.73 and a 12-month high of $63.49.

Celestica (NYSE:CLS) (TSE:CLS) last posted its quarterly earnings results on Wednesday, July 24th. The technology company reported $0.91 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.81 by $0.10. The business had revenue of $2.39 billion during the quarter, compared to analyst estimates of $2.25 billion. Celestica had a return on equity of 20.14% and a net margin of 4.16%. The business’s revenue was up 23.3% compared to the same quarter last year. During the same period in the prior year, the business earned $0.55 earnings per share. On average, equities analysts anticipate that Celestica Inc. will post 2.88 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on CLS shares. Fox Advisors started coverage on Celestica in a report on Wednesday, May 15th. They issued an “overweight” rating and a $60.00 price target for the company. Royal Bank of Canada boosted their price objective on Celestica from $53.00 to $63.00 and gave the stock an “outperform” rating in a research note on Monday, July 22nd. CIBC boosted their price objective on Celestica from $58.00 to $60.00 and gave the stock a “neutral” rating in a research note on Friday. Canaccord Genuity Group boosted their price objective on Celestica from $48.00 to $53.00 and gave the stock a “buy” rating in a research note on Friday, April 26th. Finally, BMO Capital Markets boosted their price objective on Celestica from $53.00 to $63.00 and gave the stock an “outperform” rating in a research note on Monday, June 17th. Two investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, Celestica currently has a consensus rating of “Moderate Buy” and an average price target of $54.44.

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.