WINTON GROUP Ltd Sells 7,765 Shares of Celestica Inc. (NYSE:CLS)

WINTON GROUP Ltd cut its holdings in shares of Celestica Inc. (NYSE:CLS) (TSE:CLS) by 68.4% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,588 shares of the technology company’s stock after selling 7,765 shares during the quarter. WINTON GROUP Ltd’s holdings in Celestica were worth $206,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. J.W. Cole Advisors Inc. bought a new stake in Celestica during the 2nd quarter worth about $419,000. Envestnet Asset Management Inc. lifted its position in Celestica by 185.7% during the 2nd quarter. Envestnet Asset Management Inc. now owns 113,483 shares of the technology company’s stock worth $6,504,000 after buying an additional 73,764 shares in the last quarter. Thoroughbred Financial Services LLC bought a new stake in Celestica during the 2nd quarter worth about $3,100,000. O Neil Global Advisors Inc. bought a new stake in Celestica during the 2nd quarter worth about $447,000. Finally, Westover Capital Advisors LLC lifted its position in Celestica by 20.9% during the 2nd quarter. Westover Capital Advisors LLC now owns 21,776 shares of the technology company’s stock worth $1,248,000 after buying an additional 3,764 shares in the last quarter. 67.38% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on CLS. StockNews.com lowered shares of Celestica from a “buy” rating to a “hold” rating in a research note on Friday, August 2nd. CIBC boosted 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. Canaccord Genuity Group boosted their price objective 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. BMO Capital Markets boosted their price objective on shares of Celestica from $53.00 to $63.00 and gave the stock an “outperform” rating in a research note on Monday, June 17th. Finally, Stifel Nicolaus upgraded shares of Celestica from a “hold” rating to a “buy” rating and set a $58.00 price objective on the stock in a research note on Monday, September 9th. Two analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $58.38.

Celestica Stock Down 0.3 %

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

Celestica (NYSE:CLS) (TSE:CLS) last announced its earnings results on Wednesday, July 24th. The technology company reported $0.91 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 for 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. On average, analysts forecast that Celestica Inc. will post 3.22 earnings per share 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.