Headlands Technologies LLC Sells 4,688 Shares of Celestica Inc. (NYSE:CLS)

Headlands Technologies LLC reduced its position in Celestica Inc. (NYSE:CLS) (TSE:CLS) by 68.4% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 2,170 shares of the technology company’s stock after selling 4,688 shares during the quarter. Headlands Technologies LLC’s holdings in Celestica were worth $124,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Wolff Wiese Magana LLC boosted its stake in shares of Celestica by 32.1% in the 2nd quarter. Wolff Wiese Magana LLC now owns 700 shares of the technology company’s stock valued at $40,000 after purchasing an additional 170 shares during the last quarter. Naples Money Management LLC lifted its position in shares of Celestica by 90.0% during the 2nd quarter. Naples Money Management LLC now owns 950 shares of the technology company’s stock valued at $55,000 after acquiring an additional 450 shares during the period. Whittier Trust Co. of Nevada Inc. acquired a new position in shares of Celestica during the 2nd quarter valued at $59,000. UMB Bank n.a. acquired a new position in shares of Celestica during the 1st quarter valued at $64,000. Finally, Principal Securities Inc. acquired a new position in shares of Celestica during the 4th quarter valued at $42,000. 67.38% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research analysts recently issued reports on CLS shares. Royal Bank of Canada boosted their target price on shares of Celestica from $53.00 to $63.00 and gave the company an “outperform” rating in a research report on Monday, July 22nd. Stifel Nicolaus upgraded shares of Celestica from a “hold” rating to a “buy” rating and set a $58.00 target price on the stock in a research report on Monday, September 9th. StockNews.com downgraded shares of Celestica from a “buy” rating to a “hold” rating in a research report on Friday, August 2nd. CIBC boosted their target price on shares of Celestica from $58.00 to $60.00 and gave the company a “neutral” rating in a research report on Friday, July 26th. Finally, BMO Capital Markets boosted their target price on shares of Celestica from $53.00 to $63.00 and gave the company an “outperform” rating in a research report on Monday, June 17th. Two analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, Celestica currently has an average rating of “Moderate Buy” and a consensus target price of $58.38.

Celestica Stock Performance

NYSE CLS opened at $45.87 on Monday. Celestica Inc. has a 1 year low of $20.87 and a 1 year high of $63.49. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.47 and a quick ratio of 0.86. The firm has a market cap of $5.45 billion, a price-to-earnings ratio of 17.12 and a beta of 2.29. The company has a fifty day moving average price of $51.66 and a 200-day moving average price of $50.47.

Celestica (NYSE:CLS) (TSE:CLS) last posted its earnings results on Wednesday, July 24th. The technology company reported $0.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.81 by $0.10. Celestica had a net margin of 4.16% and a return on equity of 19.96%. The firm had revenue of $2.39 billion during the quarter, compared to analyst estimates of $2.25 billion. During the same quarter in the prior year, the business posted $0.55 EPS. The business’s revenue was up 23.3% compared to the same quarter last year. As a group, equities research analysts predict that Celestica Inc. will post 3.22 EPS for the current fiscal 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.