Janney Montgomery Scott LLC Sells 63,297 Shares of Celestica Inc. (NYSE:CLS)

Janney Montgomery Scott LLC reduced its position in shares of Celestica Inc. (NYSE:CLS) (TSE:CLS) by 63.3% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 36,698 shares of the technology company’s stock after selling 63,297 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Celestica were worth $1,876,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Price T Rowe Associates Inc. MD boosted its holdings in shares of Celestica by 2,494.7% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 8,703,742 shares of the technology company’s stock valued at $391,147,000 after acquiring an additional 8,368,293 shares during the last quarter. Driehaus Capital Management LLC boosted its holdings in shares of Celestica by 19,876.9% during the 2nd quarter. Driehaus Capital Management LLC now owns 1,164,653 shares of the technology company’s stock valued at $66,770,000 after acquiring an additional 1,158,823 shares during the last quarter. Hennessy Advisors Inc. purchased a new stake in shares of Celestica during the 2nd quarter valued at about $10,491,000. Twin Tree Management LP purchased a new stake in shares of Celestica during the 1st quarter valued at about $7,504,000. Finally, Shellback Capital LP boosted its holdings in shares of Celestica by 136.5% during the 2nd quarter. Shellback Capital LP now owns 260,153 shares of the technology company’s stock valued at $14,915,000 after acquiring an additional 150,153 shares during the last quarter. 67.38% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have recently issued reports on CLS. CIBC raised their price target on shares of Celestica from $58.00 to $60.00 and gave the company a “neutral” rating in a report on Friday, July 26th. TD Cowen raised their price target on shares of Celestica from $68.00 to $70.00 and gave the company a “buy” rating in a report on Thursday, October 24th. BMO Capital Markets raised their price target on shares of Celestica from $64.00 to $72.00 and gave the company an “outperform” rating in a report on Thursday, October 24th. Barclays started coverage on shares of Celestica in a report on Tuesday, November 5th. They issued an “overweight” rating and a $91.00 price objective on the stock. Finally, 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. Two research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $69.10.

Celestica Trading Down 2.4 %

CLS stock opened at $82.05 on Thursday. Celestica Inc. has a 1-year low of $25.83 and a 1-year high of $87.99. 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 capitalization of $9.73 billion, a price-to-earnings ratio of 26.05 and a beta of 2.24. The business has a 50 day simple moving average of $59.12 and a two-hundred day simple moving average of $55.29.

Celestica (NYSE:CLS) (TSE:CLS) last posted its quarterly earnings results 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. The business had revenue of $2.50 billion during the quarter, compared to the consensus estimate of $2.41 billion. Celestica had a return on equity of 21.58% and a net margin of 4.08%. The firm’s revenue for the quarter was up 24.8% compared to the same quarter last year. During the same period in the prior year, the company posted $0.65 EPS. Research analysts anticipate that Celestica Inc. will post 3.44 EPS for the current fiscal year.

Celestica Company 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.