State of New Jersey Common Pension Fund D Has $1.85 Million Stock Position in Celestica Inc. (NYSE:CLS)

State of New Jersey Common Pension Fund D reduced its position in shares of Celestica Inc. (NYSE:CLS) (TSE:CLS) by 23.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 32,329 shares of the technology company’s stock after selling 9,657 shares during the period. State of New Jersey Common Pension Fund D’s holdings in Celestica were worth $1,853,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of CLS. Wolff Wiese Magana LLC grew its stake in shares of Celestica by 32.1% in the second 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 last quarter. 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 acquiring an additional 450 shares during the last quarter. Whittier Trust Co. of Nevada Inc. acquired a new stake in shares of Celestica in the 2nd quarter worth about $59,000. UMB Bank n.a. purchased a new stake in Celestica in the 1st quarter valued at about $64,000. Finally, Byrne Asset Management LLC increased its stake in Celestica by 52.8% in the 2nd quarter. Byrne Asset Management LLC now owns 1,910 shares of the technology company’s stock valued at $109,000 after buying an additional 660 shares during the last quarter. 67.38% of the stock is currently owned by institutional investors and hedge funds.

Celestica Stock Up 1.9 %

CLS opened at $49.64 on Tuesday. The company has a 50 day moving average of $50.22 and a 200 day moving average of $50.56. The company has a market cap of $5.90 billion, a PE ratio of 18.52 and a beta of 2.29. Celestica Inc. has a 12 month low of $20.87 and a 12 month high of $63.49. 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 (NYSE:CLS) (TSE:CLS) last announced its quarterly earnings results on Wednesday, July 24th. The technology company reported $0.91 EPS for the quarter, beating 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 the consensus estimate of $2.25 billion. During the same period last year, the firm earned $0.55 EPS. The business’s quarterly revenue was up 23.3% compared to the same quarter last year. On average, sell-side analysts expect that Celestica Inc. will post 3.22 EPS for the current year.

Analyst Ratings Changes

Several equities research analysts have commented on the stock. BMO Capital Markets increased their price objective on shares of Celestica from $53.00 to $63.00 and gave the company an “outperform” rating in a research note on Monday, June 17th. Stifel Nicolaus upgraded shares of Celestica from a “hold” rating to a “buy” rating and set a $58.00 price target for the company in a research note on Monday, September 9th. Canaccord Genuity Group raised their price target on shares of Celestica from $53.00 to $70.00 and gave the stock a “buy” rating in a research note on Friday, July 26th. Royal Bank of Canada raised their price target on shares of Celestica from $53.00 to $63.00 and gave the stock an “outperform” rating in a research note on Monday, July 22nd. Finally, StockNews.com lowered shares of Celestica from a “buy” rating to a “hold” rating in a research note on Friday, August 2nd. Two equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, Celestica has an average rating of “Moderate Buy” and an average price target of $58.38.

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.