BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp Sells 9,416 Shares of Celestica Inc. (NYSE:CLS)

BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp decreased its holdings in Celestica Inc. (NYSE:CLS - Free Report) TSE: CLS by 14.1% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 57,456 shares of the technology company's stock after selling 9,416 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp's holdings in Celestica were worth $2,937,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Optimum Investment Advisors increased its stake in shares of Celestica by 66.7% in the 3rd quarter. Optimum Investment Advisors now owns 500 shares of the technology company's stock valued at $26,000 after purchasing an additional 200 shares during the last quarter. Financial Management Professionals Inc. bought a new position in shares of Celestica in the 3rd quarter valued at $30,000. UMB Bank n.a. bought a new position in shares of Celestica in the 3rd quarter valued at $34,000. Wolff Wiese Magana LLC lifted 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 acquiring an additional 170 shares during the last quarter. Finally, Private Trust Co. NA lifted its stake in shares of Celestica by 480.0% in the 3rd quarter. Private Trust Co. NA now owns 870 shares of the technology company's stock valued at $44,000 after acquiring an additional 720 shares during the last quarter. Institutional investors own 67.38% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. Barclays assumed coverage on Celestica in a research note on Tuesday, November 5th. They issued an "overweight" rating and a $91.00 price target for the company. TD Cowen increased their price target on Celestica from $68.00 to $70.00 and gave the company a "buy" rating in a research note on Thursday, October 24th. Stifel Nicolaus increased their price target on Celestica from $58.00 to $70.00 and gave the company a "buy" rating in a research note on Thursday, October 24th. BMO Capital Markets boosted their price objective on shares of Celestica from $64.00 to $72.00 and gave the stock an "outperform" rating in a research note on Thursday, October 24th. Finally, TD Securities boosted their price objective on shares of Celestica from $68.00 to $70.00 and gave the stock a "buy" rating in a research note on Thursday, October 24th. Three research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $71.45.

Celestica Trading Up 0.1 %

NYSE CLS traded up $0.11 during mid-day trading on Wednesday, reaching $89.53. 1,923,083 shares of the stock were exchanged, compared to its average volume of 2,293,589. Celestica Inc. has a one year low of $25.83 and a one year high of $93.15. The stock has a 50 day simple moving average of $70.16 and a 200-day simple moving average of $59.12. The stock has a market cap of $10.42 billion, a P/E ratio of 28.39 and a beta of 2.27. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.47 and a quick ratio of 0.87.

Celestica (NYSE:CLS - Get Free Report) TSE: CLS last announced its earnings results on Wednesday, October 23rd. The technology company reported $1.04 earnings per share for the quarter, topping analysts' consensus estimates of $0.93 by $0.11. The business had revenue of $2.50 billion during the quarter, compared to the consensus estimate of $2.41 billion. Celestica had a net margin of 4.08% and a return on equity of 21.58%. Celestica's quarterly revenue was up 24.8% on a year-over-year basis. During the same quarter last year, the firm earned $0.65 earnings per share. On average, analysts anticipate that Celestica Inc. will post 3.44 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.