Harbor Capital Advisors Inc. Has $1.96 Million Stock Position in Celestica Inc. (NYSE:CLS)

Harbor Capital Advisors Inc. lessened its stake in shares of Celestica Inc. (NYSE:CLS - Free Report) TSE: CLS by 65.5% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 21,230 shares of the technology company's stock after selling 40,248 shares during the quarter. Harbor Capital Advisors Inc.'s holdings in Celestica were worth $1,960,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the stock. Whale Rock Capital Management LLC boosted its holdings in shares of Celestica by 13.0% during the 3rd quarter. Whale Rock Capital Management LLC now owns 8,467,244 shares of the technology company's stock valued at $432,846,000 after acquiring an additional 975,163 shares in the last quarter. Vaughan Nelson Investment Management L.P. bought a new position in Celestica in the third quarter valued at about $61,210,000. Dimensional Fund Advisors LP boosted its stake in shares of Celestica by 4.7% during the second 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 in the last quarter. Driehaus Capital Management LLC grew its holdings in shares of Celestica by 19,876.9% during the second quarter. Driehaus Capital Management LLC now owns 1,164,653 shares of the technology company's stock worth $66,770,000 after purchasing an additional 1,158,823 shares during the last quarter. Finally, Bank of Montreal Can increased its stake in shares of Celestica by 0.8% in the second quarter. Bank of Montreal Can now owns 1,150,806 shares of the technology company's stock valued at $68,470,000 after buying an additional 9,462 shares during the period. 67.38% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Celestica

In other Celestica news, Director Michael Wilson sold 25,000 shares of the firm's stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $98.73, for a total value of $2,468,250.00. Following the completion of the sale, the director now owns 1,784 shares of the company's stock, valued at approximately $176,134.32. This trade represents a 93.34 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 1.00% of the stock is owned by corporate insiders.

Celestica Trading Up 1.2 %

Shares of NYSE:CLS traded up $1.19 during midday trading on Friday, reaching $103.66. The company's stock had a trading volume of 3,068,415 shares, compared to its average volume of 2,047,477. Celestica Inc. has a fifty-two week low of $26.62 and a fifty-two week high of $104.92. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.87 and a current ratio of 1.47. The firm has a 50 day moving average price of $90.46 and a two-hundred day moving average price of $66.87. The firm has a market capitalization of $12.06 billion, a price-to-earnings ratio of 32.91 and a beta of 2.25.

Celestica (NYSE:CLS - Get Free Report) TSE: CLS last issued 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 return on equity of 21.58% and a net margin of 4.08%. The firm's revenue for the quarter was up 24.8% on a year-over-year basis. During the same period in the previous year, the company posted $0.65 earnings per share. As a group, analysts forecast that Celestica Inc. will post 3.44 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research firms recently commented on CLS. Stifel Nicolaus lifted their target price on shares of Celestica from $70.00 to $100.00 and gave the stock a "buy" rating in a research report on Tuesday, December 10th. BMO Capital Markets lifted their price target on shares of Celestica from $64.00 to $72.00 and gave the stock an "outperform" rating in a report on Thursday, October 24th. TD Cowen increased their price objective on Celestica from $68.00 to $70.00 and gave the company a "buy" rating in a report on Thursday, October 24th. Barclays initiated coverage on Celestica in a report on Tuesday, November 5th. They set an "overweight" rating and a $91.00 target price on the stock. Finally, UBS Group initiated coverage on Celestica in a research report on Friday, November 22nd. They issued a "neutral" rating and a $95.00 price target on the stock. Three equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $81.45.

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.