Harvest Fund Management Co. Ltd Reduces Holdings in Celestica Inc. (NYSE:CLS)

Harvest Fund Management Co. Ltd reduced its position in Celestica Inc. (NYSE:CLS - Free Report) TSE: CLS by 95.2% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,039 shares of the technology company's stock after selling 20,582 shares during the quarter. Harvest Fund Management Co. Ltd's holdings in Celestica were worth $53,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of CLS. Vaughan Nelson Investment Management L.P. bought a new stake in Celestica during the third quarter valued at $61,210,000. 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 period. Natixis Advisors LLC boosted its position in shares of Celestica by 1,697.3% during the 3rd quarter. Natixis Advisors LLC now owns 233,485 shares of the technology company's stock valued at $11,936,000 after purchasing an additional 220,494 shares in the last quarter. Broad Peak Investment Advisers Pte Ltd grew its stake in Celestica by 53.8% during the third quarter. Broad Peak Investment Advisers Pte Ltd now owns 524,245 shares of the technology company's stock worth $26,799,000 after purchasing an additional 183,300 shares during the period. Finally, Hennessy Advisors Inc. bought a new stake in Celestica in the second quarter worth approximately $10,491,000. 67.38% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts recently issued reports on CLS shares. TD Cowen boosted their target price on shares of Celestica from $68.00 to $70.00 and gave the company a "buy" rating in a research report on Thursday, October 24th. Stifel Nicolaus raised their price objective on Celestica from $58.00 to $70.00 and gave the company a "buy" rating in a research note on Thursday, October 24th. Barclays initiated coverage on Celestica in a research report on Tuesday, November 5th. They set an "overweight" rating and a $91.00 target price on the stock. BMO Capital Markets lifted their price target on shares of Celestica from $64.00 to $72.00 and gave the company an "outperform" rating in a research report on Thursday, October 24th. Finally, TD Securities boosted their target price on shares of Celestica from $68.00 to $70.00 and gave the stock a "buy" rating in a research report on Thursday, October 24th. Three equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $71.45.

Celestica Stock Performance

Shares of NYSE CLS traded down $3.51 during midday trading on Thursday, reaching $83.16. The company's stock had a trading volume of 3,868,549 shares, compared to its average volume of 2,302,665. 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 stock has a market capitalization of $9.68 billion, a P/E ratio of 26.40 and a beta of 2.24. The firm has a 50 day moving average price of $67.26 and a 200-day moving average price of $58.06. Celestica Inc. has a 12-month low of $25.83 and a 12-month high of $93.15.

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 (EPS) for the quarter, beating the consensus estimate of $0.93 by $0.11. The firm had revenue of $2.50 billion during the quarter, compared to analyst estimates of $2.41 billion. Celestica had a return on equity of 21.58% and a net margin of 4.08%. The business's revenue was up 24.8% compared to the same quarter last year. During the same period last year, the firm posted $0.65 EPS. As a group, equities analysts predict that Celestica Inc. will post 3.44 earnings per share for the current year.

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.