Celestica Inc. (NYSE:CLS) Stock Position Decreased by HighTower Advisors LLC

HighTower Advisors LLC trimmed its position in shares of Celestica Inc. (NYSE:CLS) (TSE:CLS) by 66.2% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 12,236 shares of the technology company’s stock after selling 24,018 shares during the quarter. HighTower Advisors LLC’s holdings in Celestica were worth $622,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also made changes to their positions in the company. Vaughan Nelson Investment Management L.P. acquired a new stake in Celestica in the third quarter valued at approximately $61,210,000. Dimensional Fund Advisors LP lifted its stake in shares of Celestica by 4.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,186,543 shares of the technology company’s stock valued at $68,024,000 after purchasing an additional 52,807 shares during the last quarter. Driehaus Capital Management LLC lifted its stake in shares of Celestica by 19,876.9% in the 2nd quarter. Driehaus Capital Management LLC now owns 1,164,653 shares of the technology company’s stock valued at $66,770,000 after purchasing an additional 1,158,823 shares during the last quarter. Bank of Montreal Can boosted its holdings in Celestica by 0.8% in the second quarter. Bank of Montreal Can now owns 1,150,806 shares of the technology company’s stock worth $68,470,000 after purchasing an additional 9,462 shares in the last quarter. Finally, Westfield Capital Management Co. LP increased its position in Celestica by 25.8% during the third quarter. Westfield Capital Management Co. LP now owns 536,249 shares of the technology company’s stock worth $27,413,000 after buying an additional 109,972 shares during the last quarter. Institutional investors own 67.38% of the company’s stock.

Celestica Price Performance

Shares of Celestica stock opened at $93.05 on Friday. The firm has a fifty day moving average price of $79.71 and a two-hundred day moving average price of $62.14. Celestica Inc. has a fifty-two week low of $26.62 and a fifty-two week high of $100.51. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.47 and a quick ratio of 0.87. The company has a market cap of $10.83 billion, a PE ratio of 29.54 and a beta of 2.27.

Celestica (NYSE:CLS) (TSE:CLS) last released its earnings results on Wednesday, October 23rd. The technology company reported $1.04 earnings per share for the quarter, beating the consensus estimate of $0.93 by $0.11. Celestica had a net margin of 4.08% and a return on equity of 21.58%. The business had revenue of $2.50 billion during the quarter, compared to analysts’ expectations of $2.41 billion. During the same quarter last year, the company earned $0.65 earnings per share. The firm’s revenue was up 24.8% on a year-over-year basis. Analysts expect that Celestica Inc. will post 3.44 EPS for the current year.

Analysts Set New Price Targets

Several research firms have recently issued reports on CLS. Royal Bank of Canada upped their price target on Celestica from $65.00 to $75.00 and gave the stock an “outperform” rating in a research note on Thursday, October 24th. Stifel Nicolaus upped their target price on Celestica from $70.00 to $100.00 and gave the stock a “buy” rating in a research report on Tuesday, December 10th. UBS Group started coverage on shares of Celestica in a research report on Friday, November 22nd. They issued a “neutral” rating and a $95.00 price target on the stock. TD Cowen upped their price objective on shares of Celestica from $68.00 to $70.00 and gave the stock a “buy” rating in a report on Thursday, October 24th. Finally, BMO Capital Markets raised their target price on shares of Celestica from $64.00 to $72.00 and gave the company an “outperform” rating in a research note on Thursday, October 24th. Three analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $74.18.

About Celestica

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.