Hennessy Advisors Inc. Has $20.32 Million Holdings in Celestica Inc. (NYSE:CLS)

Hennessy Advisors Inc. lifted its position in shares of Celestica Inc. (NYSE:CLS - Free Report) TSE: CLS by 6.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 220,200 shares of the technology company's stock after purchasing an additional 14,000 shares during the quarter. Hennessy Advisors Inc. owned 0.19% of Celestica worth $20,324,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Commonwealth Equity Services LLC grew its position in shares of Celestica by 85.6% in the 2nd quarter. Commonwealth Equity Services LLC now owns 14,790 shares of the technology company's stock valued at $848,000 after purchasing an additional 6,820 shares during the period. Envestnet Asset Management Inc. lifted its stake in Celestica by 185.7% in the second quarter. Envestnet Asset Management Inc. now owns 113,483 shares of the technology company's stock valued at $6,504,000 after buying an additional 73,764 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Celestica by 4.7% in 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 buying an additional 52,807 shares during the period. Vanguard Personalized Indexing Management LLC increased its position in shares of Celestica by 2.4% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 22,515 shares of the technology company's stock worth $1,288,000 after acquiring an additional 529 shares in the last quarter. Finally, New Age Alpha Advisors LLC acquired a new stake in shares of Celestica during the second quarter worth $573,000. Institutional investors and hedge funds own 67.38% of the company's stock.

Celestica Stock Performance

NYSE:CLS traded up $2.48 on Friday, hitting $113.20. The company's stock had a trading volume of 2,648,216 shares, compared to its average volume of 1,538,469. The company has a current ratio of 1.47, a quick ratio of 0.87 and a debt-to-equity ratio of 0.49. Celestica Inc. has a one year low of $27.88 and a one year high of $115.52. The stock has a fifty day moving average of $93.15 and a two-hundred day moving average of $68.61. The firm has a market capitalization of $13.17 billion, a P/E ratio of 35.94 and a beta of 2.25.

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

Analyst Upgrades and Downgrades

CLS has been the subject of a number of research analyst reports. TD Cowen upped their target price 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. UBS Group initiated coverage on Celestica in a research report on Friday, November 22nd. They issued a "neutral" rating and a $95.00 target price on the stock. TD Securities boosted their target price 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 raised their price target on shares of Celestica from $70.00 to $100.00 and gave the stock a "buy" rating in a research note on Tuesday, December 10th. Finally, Royal Bank of Canada boosted their price objective on shares of Celestica from $75.00 to $115.00 and gave the stock an "outperform" rating in a research report on Wednesday, January 8th. Three equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, Celestica presently has a consensus rating of "Moderate Buy" and a consensus price target of $81.45.

Insider Buying and Selling

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

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.