Thrivent Financial for Lutherans reduced its position in shares of Celestica Inc. (NYSE:CLS - Free Report) TSE: CLS by 14.4% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 158,122 shares of the technology company's stock after selling 26,497 shares during the quarter. Thrivent Financial for Lutherans owned approximately 0.13% of Celestica worth $8,083,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors have also added to or reduced their stakes in the company. Wolff Wiese Magana LLC increased its holdings in Celestica by 32.1% during the 2nd quarter. Wolff Wiese Magana LLC now owns 700 shares of the technology company's stock valued at $40,000 after purchasing an additional 170 shares during the period. Optimum Investment Advisors increased its stake in shares of Celestica by 66.7% during the third quarter. Optimum Investment Advisors now owns 500 shares of the technology company's stock valued at $26,000 after buying an additional 200 shares during the period. Truist Financial Corp raised its holdings in shares of Celestica by 2.0% during the second quarter. Truist Financial Corp now owns 11,008 shares of the technology company's stock valued at $631,000 after acquiring an additional 214 shares in the last quarter. Whittier Trust Co. of Nevada Inc. lifted its stake in Celestica by 26.6% in the third quarter. Whittier Trust Co. of Nevada Inc. now owns 1,307 shares of the technology company's stock worth $67,000 after acquiring an additional 275 shares during the period. Finally, Creative Planning boosted its holdings in Celestica by 4.7% in the second quarter. Creative Planning now owns 7,526 shares of the technology company's stock valued at $431,000 after acquiring an additional 336 shares in the last quarter. Hedge funds and other institutional investors own 67.38% of the company's stock.
Wall Street Analyst Weigh In
Several analysts have commented on CLS shares. Canaccord Genuity Group raised their price objective on shares of Celestica from $53.00 to $70.00 and gave the stock a "buy" rating in a report on Friday, July 26th. CIBC boosted their target price on shares of Celestica from $58.00 to $60.00 and gave the company a "neutral" rating in a report on Friday, July 26th. Stifel Nicolaus increased their price target on shares of Celestica from $58.00 to $70.00 and gave the stock a "buy" rating in a research note on Thursday, October 24th. Royal Bank of Canada boosted their price target on Celestica from $65.00 to $75.00 and gave the stock an "outperform" rating in a research report on Thursday, October 24th. Finally, UBS Group started coverage on Celestica in a research report on Friday. They set a "neutral" rating and a $95.00 price objective for the company. Three investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, Celestica currently has an average rating of "Moderate Buy" and an average target price of $71.45.
View Our Latest Analysis on Celestica
Celestica Stock Performance
NYSE CLS traded down $2.28 during trading hours on Friday, hitting $89.16. The company's stock had a trading volume of 3,258,175 shares, compared to its average volume of 2,594,998. Celestica Inc. has a 12 month low of $25.83 and a 12 month high of $93.15. The company's 50 day simple moving average is $64.95 and its two-hundred day simple moving average is $57.23. 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 company has a market cap of $10.37 billion, a P/E ratio of 28.30 and a beta of 2.24.
Celestica (NYSE:CLS - Get Free Report) TSE: CLS last released its quarterly earnings data on Wednesday, October 23rd. The technology company reported $1.04 earnings per share 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 analysts' expectations of $2.41 billion. Celestica had a net margin of 4.08% and a return on equity of 21.58%. The firm's quarterly revenue was up 24.8% on a year-over-year basis. During the same period in the previous year, the company earned $0.65 earnings per share. As a group, sell-side analysts expect that Celestica Inc. will post 3.44 EPS for the current fiscal year.
About Celestica
(
Free Report)
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.
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