DGS Capital Management LLC Has $4.85 Million Holdings in Celestica Inc. (NYSE:CLS)

DGS Capital Management LLC trimmed its holdings in shares of Celestica Inc. (NYSE:CLS) (TSE:CLS) by 11.8% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 52,491 shares of the technology company’s stock after selling 7,022 shares during the period. Celestica makes up 1.2% of DGS Capital Management LLC’s investment portfolio, making the stock its 11th largest holding. DGS Capital Management LLC’s holdings in Celestica were worth $4,845,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the stock. Vaughan Nelson Investment Management L.P. acquired a new stake in Celestica in the third quarter valued at approximately $61,210,000. Driehaus Capital Management LLC grew its holdings in shares of Celestica by 19,876.9% during the second quarter. Driehaus Capital Management LLC now owns 1,164,653 shares of the technology company’s stock valued at $66,770,000 after buying an additional 1,158,823 shares during the last quarter. Whale Rock Capital Management LLC increased its position in shares of Celestica by 13.0% during the third quarter. Whale Rock Capital Management LLC now owns 8,467,244 shares of the technology company’s stock worth $432,846,000 after acquiring an additional 975,163 shares in the last quarter. Point72 Asset Management L.P. raised its holdings in shares of Celestica by 38.5% in the 3rd quarter. Point72 Asset Management L.P. now owns 1,084,722 shares of the technology company’s stock worth $55,451,000 after acquiring an additional 301,563 shares during the last quarter. Finally, Natixis Advisors LLC lifted its position in Celestica by 1,697.3% in the 3rd quarter. Natixis Advisors LLC now owns 233,485 shares of the technology company’s stock valued at $11,936,000 after acquiring an additional 220,494 shares in the last quarter. Institutional investors and hedge funds own 67.38% of the company’s stock.

Insider Activity at Celestica

In other Celestica news, Director Michael Wilson sold 25,000 shares of the firm’s stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $98.73, for a total value of $2,468,250.00. Following the sale, the director now owns 1,784 shares of the company’s stock, valued at $176,134.32. This trade represents a 93.34 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 1.00% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of analysts have commented on CLS shares. BMO Capital Markets boosted their price objective on Celestica from $64.00 to $72.00 and gave the stock an “outperform” rating in a report on Thursday, October 24th. TD Securities increased their price target on Celestica from $68.00 to $70.00 and gave the company a “buy” rating in a research report on Thursday, October 24th. Barclays initiated coverage on shares of Celestica in a report on Tuesday, November 5th. They set an “overweight” rating and a $91.00 price objective on the stock. Royal Bank of Canada increased their target price on shares of Celestica from $75.00 to $115.00 and gave the company an “outperform” rating in a report on Wednesday, January 8th. Finally, TD Cowen boosted their price target on shares of Celestica from $68.00 to $70.00 and gave the stock a “buy” rating in a report on Thursday, October 24th. Three research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, Celestica has a consensus rating of “Moderate Buy” and a consensus target price of $81.45.

Celestica Trading Down 1.0 %

Shares of Celestica stock opened at $121.74 on Friday. The stock has a market capitalization of $14.17 billion, a P/E ratio of 38.65 and a beta of 2.25. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.87 and a current ratio of 1.47. The stock’s 50-day simple moving average is $96.86 and its 200 day simple moving average is $70.67. Celestica Inc. has a 52-week low of $30.84 and a 52-week high of $131.23.

Celestica (NYSE:CLS) (TSE:CLS) last released its quarterly earnings data on Wednesday, October 23rd. The technology company reported $1.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.93 by $0.11. Celestica had a return on equity of 21.58% and a net margin of 4.08%. The company had revenue of $2.50 billion for the quarter, compared to analyst estimates of $2.41 billion. During the same period in the previous year, the company posted $0.65 EPS. The firm’s revenue for the quarter was up 24.8% compared to the same quarter last year. As a group, research analysts anticipate that Celestica Inc. will post 3.44 EPS for the current year.

Celestica Company 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.