Celestica Inc. (NYSE:CLS) Shares Sold by Kendall Capital Management

Kendall Capital Management trimmed its position in Celestica Inc. (NYSE:CLS) (TSE:CLS) by 2.3% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 44,455 shares of the technology company’s stock after selling 1,035 shares during the quarter. Celestica accounts for approximately 0.8% of Kendall Capital Management’s portfolio, making the stock its 28th largest holding. Kendall Capital Management’s holdings in Celestica were worth $2,549,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Wolff Wiese Magana LLC raised its holdings 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 worth $40,000 after purchasing an additional 170 shares during the period. Naples Money Management LLC raised its holdings in shares of Celestica by 90.0% in the 2nd quarter. Naples Money Management LLC now owns 950 shares of the technology company’s stock worth $55,000 after purchasing an additional 450 shares during the period. Whittier Trust Co. of Nevada Inc. purchased a new position in shares of Celestica in the 2nd quarter worth about $59,000. UMB Bank n.a. purchased a new position in shares of Celestica in the 1st quarter worth about $64,000. Finally, Principal Securities Inc. purchased a new position in shares of Celestica in the 4th quarter worth about $42,000. 67.38% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts have recently commented on the company. Stifel Nicolaus upgraded Celestica from a “hold” rating to a “buy” rating and set a $58.00 price objective on the stock in a report on Monday, September 9th. StockNews.com downgraded Celestica from a “buy” rating to a “hold” rating in a report on Friday, August 2nd. Canaccord Genuity Group raised their target price on Celestica from $53.00 to $70.00 and gave the company a “buy” rating in a report on Friday, July 26th. CIBC raised their target price on Celestica from $58.00 to $60.00 and gave the company a “neutral” rating in a report on Friday, July 26th. Finally, BMO Capital Markets raised their target price on Celestica from $53.00 to $63.00 and gave the company an “outperform” rating in a report on Monday, June 17th. Two investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat.com, Celestica currently has a consensus rating of “Moderate Buy” and a consensus price target of $58.38.

Celestica Price Performance

Shares of CLS opened at $46.84 on Thursday. The firm has a market cap of $5.56 billion, a price-to-earnings ratio of 17.48 and a beta of 2.29. The stock has a 50 day moving average of $50.86 and a 200-day moving average of $50.48. The company has a current ratio of 1.47, a quick ratio of 0.86 and a debt-to-equity ratio of 0.49. Celestica Inc. has a 52 week low of $20.87 and a 52 week high of $63.49.

Celestica (NYSE:CLS) (TSE:CLS) last issued its earnings results on Wednesday, July 24th. The technology company reported $0.91 EPS for the quarter, topping the consensus estimate of $0.81 by $0.10. The company had revenue of $2.39 billion during the quarter, compared to analyst estimates of $2.25 billion. Celestica had a return on equity of 19.96% and a net margin of 4.16%. The business’s revenue was up 23.3% on a year-over-year basis. During the same quarter last year, the firm earned $0.55 EPS. As a group, analysts forecast 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.