Celestica Inc. (NYSE:CLS) Shares Sold by Toronto Dominion Bank

Toronto Dominion Bank lessened its stake in shares of Celestica Inc. (NYSE:CLS - Free Report) TSE: CLS by 38.4% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 11,865 shares of the technology company's stock after selling 7,383 shares during the period. Toronto Dominion Bank's holdings in Celestica were worth $607,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of CLS. Geode Capital Management LLC grew its holdings in Celestica by 8.6% during the 3rd quarter. Geode Capital Management LLC now owns 109,915 shares of the technology company's stock worth $6,236,000 after acquiring an additional 8,660 shares in the last quarter. Barclays PLC lifted its position in shares of Celestica by 151.3% in the 3rd quarter. Barclays PLC now owns 51,848 shares of the technology company's stock worth $2,651,000 after purchasing an additional 31,219 shares during the period. Public Employees Retirement System of Ohio purchased a new stake in shares of Celestica in the 3rd quarter worth approximately $6,962,000. Y Intercept Hong Kong Ltd bought a new position in shares of Celestica during the third quarter valued at approximately $214,000. Finally, MML Investors Services LLC increased its holdings in Celestica by 274.0% during the third quarter. MML Investors Services LLC now owns 27,328 shares of the technology company's stock valued at $1,397,000 after buying an additional 20,022 shares during the period. Hedge funds and other institutional investors own 67.38% of the company's stock.

Celestica Stock Performance

Shares of CLS traded down $1.18 during trading hours on Tuesday, reaching $97.83. 1,561,233 shares of the company traded hands, compared to its average volume of 2,283,311. The company has a quick ratio of 0.87, a current ratio of 1.47 and a debt-to-equity ratio of 0.49. The business has a fifty day moving average price of $77.55 and a 200-day moving average price of $61.41. Celestica Inc. has a 12-month low of $26.62 and a 12-month high of $100.51. The stock has a market capitalization of $11.38 billion, a P/E ratio of 30.98 and a beta of 2.27.

Celestica (NYSE:CLS - Get Free Report) TSE: CLS last issued its quarterly earnings data 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%. The company's revenue was up 24.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.65 earnings per share. Equities analysts anticipate that Celestica Inc. will post 3.44 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have weighed in on CLS. TD Cowen upped their target price on Celestica from $68.00 to $70.00 and gave the stock a "buy" rating in a report on Thursday, October 24th. Barclays assumed coverage on Celestica in a research report on Tuesday, November 5th. They set an "overweight" rating and a $91.00 price objective on the stock. BMO Capital Markets lifted their target price on Celestica from $64.00 to $72.00 and gave the company an "outperform" rating in a research note on Thursday, October 24th. Stifel Nicolaus increased their price target on shares of Celestica from $70.00 to $100.00 and gave the company a "buy" rating in a research report on Tuesday, December 10th. Finally, Royal Bank of Canada lifted their price objective on shares of Celestica from $65.00 to $75.00 and gave the stock an "outperform" rating in a research report on Thursday, October 24th. Three analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat, Celestica presently has a consensus rating of "Moderate Buy" and a consensus price target of $74.18.

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.