UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Lowers Position in Celestica Inc. (NYSE:CLS)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC cut its position in Celestica Inc. (NYSE:CLS - Free Report) TSE: CLS by 9.3% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 146,903 shares of the technology company's stock after selling 15,087 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.12% of Celestica worth $7,510,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently made changes to their positions in the company. Vaughan Nelson Investment Management L.P. bought a new position in shares of Celestica during the third quarter valued at about $61,210,000. Dimensional Fund Advisors LP raised its position in Celestica by 4.7% during the 2nd 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 during the last quarter. Driehaus Capital Management LLC lifted its holdings in 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 worth $66,770,000 after buying an additional 1,158,823 shares during the period. Bank of Montreal Can grew its position in shares of Celestica by 0.8% in the 2nd quarter. Bank of Montreal Can now owns 1,150,806 shares of the technology company's stock worth $68,470,000 after buying an additional 9,462 shares during the last quarter. Finally, Westfield Capital Management Co. LP increased its stake in shares of Celestica by 25.8% during the third quarter. Westfield Capital Management Co. LP now owns 536,249 shares of the technology company's stock valued at $27,413,000 after buying an additional 109,972 shares during the period. Hedge funds and other institutional investors own 67.38% of the company's stock.

Wall Street Analyst Weigh In

CLS has been the topic of a number of research reports. UBS Group began coverage on shares of Celestica in a research note on Friday, November 22nd. They set a "neutral" rating and a $95.00 target price on the stock. 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 note on Tuesday, November 5th. They issued an "overweight" rating and a $91.00 target price for the company. Stifel Nicolaus increased their price objective on Celestica from $70.00 to $100.00 and gave the stock a "buy" rating in a report on Tuesday. Finally, Royal Bank of Canada boosted their target price on shares of Celestica from $65.00 to $75.00 and gave the company an "outperform" rating in a report on Thursday, October 24th. 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 data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $74.18.

Celestica Stock Performance

Shares of Celestica stock traded down $2.43 during trading on Tuesday, hitting $87.99. 1,631,851 shares of the company's stock traded hands, compared to its average volume of 2,286,993. Celestica Inc. has a 1 year low of $26.62 and a 1 year high of $96.00. The business has a 50-day simple moving average of $74.16 and a 200-day simple moving average of $60.39. 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 $10.24 billion, a P/E ratio of 27.93 and a beta of 2.27.

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

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.