Custom Index Systems LLC Sells 453 Shares of Celestica Inc. (NYSE:CLS)

Custom Index Systems LLC cut its holdings in Celestica Inc. (NYSE:CLS) (TSE:CLS) by 6.3% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 6,774 shares of the technology company’s stock after selling 453 shares during the period. Custom Index Systems LLC’s holdings in Celestica were worth $346,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in CLS. Westover Capital Advisors LLC grew its position in Celestica by 20.9% in the second quarter. Westover Capital Advisors LLC now owns 21,776 shares of the technology company’s stock worth $1,248,000 after acquiring an additional 3,764 shares in the last quarter. BNP Paribas Financial Markets lifted its stake in shares of Celestica by 62.9% in the 1st quarter. BNP Paribas Financial Markets now owns 546,230 shares of the technology company’s stock valued at $24,548,000 after purchasing an additional 210,943 shares during the last quarter. Rockingstone Advisors LLC purchased a new position in shares of Celestica in the 2nd quarter worth approximately $2,442,000. Mirae Asset Global Investments Co. Ltd. bought a new position in shares of Celestica during the 1st quarter valued at approximately $1,231,000. Finally, Janus Henderson Group PLC purchased a new stake in Celestica during the 1st quarter valued at $1,040,000. 67.38% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have commented on the stock. CIBC lifted their price objective on shares of Celestica from $58.00 to $60.00 and gave the stock a “neutral” rating in a research note on Friday, July 26th. StockNews.com lowered shares of Celestica from a “buy” rating to a “hold” rating in a report on Friday, August 2nd. Stifel Nicolaus upped their price target on shares of Celestica from $58.00 to $70.00 and gave the company a “buy” rating in a report on Thursday. Canaccord Genuity Group increased their price objective on shares of Celestica from $53.00 to $70.00 and gave the stock a “buy” rating in a research report on Friday, July 26th. Finally, TD Securities boosted their target price on Celestica from $68.00 to $70.00 and gave the company a “buy” rating in a research report on Thursday. Two equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $66.67.

Celestica Price Performance

Shares of CLS stock opened at $69.38 on Monday. The company has a market capitalization of $8.24 billion, a P/E ratio of 25.89 and a beta of 2.28. The company’s 50-day simple moving average is $52.42 and its two-hundred day simple moving average is $52.35. Celestica Inc. has a one year low of $20.87 and a one year high of $70.07. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.47 and a quick ratio of 0.86.

Celestica (NYSE:CLS) (TSE:CLS) last announced its quarterly earnings results 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. The firm had revenue of $2.50 billion during the quarter, compared to analyst estimates of $2.41 billion. Celestica had a return on equity of 19.96% and a net margin of 4.16%. Celestica’s quarterly revenue was up 24.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.65 earnings per share. As a group, equities analysts anticipate that Celestica Inc. will post 3.22 EPS for the current year.

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.