Thrivent Financial for Lutherans Trims Holdings in Celestica Inc. (NYSE:CLS)

Thrivent Financial for Lutherans lowered its position in Celestica Inc. (NYSE:CLS) (TSE:CLS) by 14.4% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 158,122 shares of the technology company’s stock after selling 26,497 shares during the period. Thrivent Financial for Lutherans’ holdings in Celestica were worth $8,083,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Price T Rowe Associates Inc. MD boosted its holdings in shares of Celestica by 2,494.7% in 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. Vanguard Group Inc. lifted its position in Celestica by 1.5% during the first quarter. Vanguard Group Inc. now owns 4,331,184 shares of the technology company’s stock valued at $194,643,000 after purchasing an additional 64,658 shares during the period. Vaughan Nelson Investment Management L.P. purchased a new stake in Celestica in the third quarter valued at $61,210,000. Dimensional Fund Advisors LP grew 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 worth $68,024,000 after purchasing an additional 52,807 shares during the period. Finally, Driehaus Capital Management LLC raised its stake 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 buying an additional 1,158,823 shares during the last quarter. Institutional investors and hedge funds own 67.38% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on CLS. TD Securities upped their target price on Celestica from $68.00 to $70.00 and gave the stock a “buy” rating in a research note on Thursday, October 24th. UBS Group started coverage on shares of Celestica in a research note on Friday. They set a “neutral” rating and a $95.00 price objective on the stock. BMO Capital Markets boosted their target price on shares of Celestica from $64.00 to $72.00 and gave the company an “outperform” rating in a research note on Thursday, October 24th. Barclays assumed coverage on shares of Celestica in a research report on Tuesday, November 5th. They set an “overweight” rating and a $91.00 price target on the stock. Finally, Canaccord Genuity Group upped their price objective on shares of Celestica from $53.00 to $70.00 and gave the stock a “buy” rating in a research report on Friday, July 26th. Three research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $71.45.

Celestica Stock Down 2.5 %

Shares of CLS opened at $89.14 on Friday. The stock has a 50 day moving average price of $64.09 and a 200 day moving average price of $56.94. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.87 and a current ratio of 1.47. The stock has a market capitalization of $10.37 billion, a price-to-earnings ratio of 28.30 and a beta of 2.24. Celestica Inc. has a one year low of $25.83 and a one year high of $93.15.

Celestica (NYSE:CLS) (TSE:CLS) last released its earnings results on Wednesday, October 23rd. The technology company reported $1.04 earnings per share (EPS) 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 analyst estimates of $2.41 billion. Celestica had a net margin of 4.08% and a return on equity of 21.58%. The company’s revenue for the quarter was up 24.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.65 earnings per share. Equities research analysts forecast that Celestica Inc. will post 3.44 earnings per share for the current fiscal 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.