Atomi Financial Group Inc. Lowers Position in Celestica Inc. (NYSE:CLS)

Atomi Financial Group Inc. cut its stake in shares of Celestica Inc. (NYSE:CLS) (TSE:CLS) by 1.8% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 6,533 shares of the technology company’s stock after selling 118 shares during the period. Atomi Financial Group Inc.’s holdings in Celestica were worth $603,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the stock. Mitchell Mcleod Pugh & Williams Inc. purchased a new position in Celestica during the fourth quarter valued at $300,000. UMB Bank n.a. lifted its position in shares of Celestica by 43.6% in the fourth quarter. UMB Bank n.a. now owns 949 shares of the technology company’s stock valued at $88,000 after acquiring an additional 288 shares in the last quarter. Annex Advisory Services LLC purchased a new position in shares of Celestica in the fourth quarter valued at about $265,000. Oak Ridge Investments LLC purchased a new position in shares of Celestica in the fourth quarter valued at about $2,291,000. Finally, Hennessy Advisors Inc. lifted its position in shares of Celestica by 6.8% in the fourth quarter. Hennessy Advisors Inc. now owns 220,200 shares of the technology company’s stock valued at $20,324,000 after acquiring an additional 14,000 shares in the last quarter. 67.38% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Celestica news, Director Michael Wilson sold 25,000 shares of the business’s 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 transaction, the director now owns 1,784 shares in the company, valued at $176,134.32. The trade was a 93.34 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 1.00% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several equities analysts have recently commented on CLS shares. BMO Capital Markets boosted their price objective on Celestica from $64.00 to $72.00 and gave the company an “outperform” rating in a research report on Thursday, October 24th. TD Cowen boosted their price objective on Celestica from $68.00 to $70.00 and gave the company a “buy” rating in a research report on Thursday, October 24th. Stifel Nicolaus lifted their target price on Celestica from $70.00 to $100.00 and gave the stock a “buy” rating in a report on Tuesday, December 10th. TD Securities lifted 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. Finally, UBS Group initiated coverage on Celestica in a report on Friday, November 22nd. They issued a “neutral” rating and a $95.00 target price on the stock. Three analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $81.45.

Celestica Trading Down 0.4 %

Shares of NYSE CLS opened at $122.77 on Friday. The business’s 50 day moving average is $95.22 and its two-hundred day moving average is $69.86. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.47 and a quick ratio of 0.87. Celestica Inc. has a 1-year low of $30.55 and a 1-year high of $131.23. The stock has a market capitalization of $14.29 billion, a P/E ratio of 38.97 and a beta of 2.25.

Celestica (NYSE:CLS) (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 the consensus estimate of $0.93 by $0.11. Celestica had a return on equity of 21.58% and a net margin of 4.08%. The company had revenue of $2.50 billion for the quarter, compared to analysts’ expectations of $2.41 billion. During the same period in the previous year, the firm posted $0.65 earnings per share. The firm’s revenue for the quarter was up 24.8% on a year-over-year basis. As a group, research analysts expect that Celestica Inc. will post 3.44 EPS 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.