Toronto Dominion Bank Has $518,000 Stock Position in Celestica Inc (NYSE:CLS)

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Toronto Dominion Bank lowered its holdings in Celestica Inc (NYSE:CLS) (TSE:CLS) by 44.4% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 76,000 shares of the technology company’s stock after selling 60,653 shares during the quarter. Toronto Dominion Bank owned 0.06% of Celestica worth $518,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in CLS. Brandes Investment Partners LP grew its stake in Celestica by 21.3% in the second quarter. Brandes Investment Partners LP now owns 3,861,916 shares of the technology company’s stock valued at $27,289,000 after acquiring an additional 676,951 shares during the period. Donald Smith & CO. Inc. grew its stake in Celestica by 19.0% in the second quarter. Donald Smith & CO. Inc. now owns 3,769,139 shares of the technology company’s stock valued at $25,743,000 after acquiring an additional 601,041 shares during the period. Goodman Financial Corp grew its stake in Celestica by 2.2% in the second quarter. Goodman Financial Corp now owns 320,892 shares of the technology company’s stock valued at $2,192,000 after acquiring an additional 6,801 shares during the period. Pzena Investment Management LLC grew its stake in Celestica by 17.9% in the second quarter. Pzena Investment Management LLC now owns 4,679,789 shares of the technology company’s stock valued at $31,963,000 after acquiring an additional 709,033 shares during the period. Finally, Swiss National Bank grew its stake in Celestica by 1.7% in the second quarter. Swiss National Bank now owns 220,100 shares of the technology company’s stock valued at $1,502,000 after acquiring an additional 3,600 shares during the period. 65.84% of the stock is currently owned by hedge funds and other institutional investors.

CLS traded up $0.07 on Thursday, hitting $7.29. 1,477 shares of the company were exchanged, compared to its average volume of 233,068. Celestica Inc has a 12 month low of $6.08 and a 12 month high of $11.64. The company has a market cap of $946.47 million, a PE ratio of 10.42, a PEG ratio of 16.48 and a beta of 0.80. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.07 and a current ratio of 1.83. The stock’s fifty day moving average is $6.82 and its 200-day moving average is $7.33.

Celestica (NYSE:CLS) (TSE:CLS) last released its earnings results on Wednesday, July 24th. The technology company reported ($0.05) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.12 by ($0.17). Celestica had a return on equity of 11.36% and a net margin of 2.42%. The company had revenue of $1.45 billion for the quarter, compared to the consensus estimate of $1.44 billion. During the same quarter in the previous year, the company posted $0.29 EPS. The business’s revenue was down 14.7% on a year-over-year basis. As a group, equities research analysts expect that Celestica Inc will post 0.21 EPS for the current fiscal year.

A number of research analysts have issued reports on CLS shares. Royal Bank of Canada decreased their target price on Celestica from $9.00 to $7.50 and set a “sector perform” rating for the company in a research note on Thursday, July 25th. Zacks Investment Research upgraded Celestica from a “hold” rating to a “strong-buy” rating and set a $8.25 target price on the stock in a report on Thursday, August 1st. Finally, TD Securities dropped their target price on Celestica from $8.00 to $7.00 and set a “hold” rating on the stock in a report on Thursday, July 25th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and one has issued a strong buy rating to the stock. The company has an average rating of “Hold” and an average target price of $8.82.

Celestica Company Profile

Celestica Inc provides design, manufacturing, hardware platform, and supply chain solutions in Canada and internationally. It operates through two segments, Advanced Technology Solutions, and Connectivity & Cloud Solutions. The company offers a range of services, including design and development, engineering, supply chain management, new product introduction, component sourcing, electronics manufacturing, assembly and test, complex mechanical assembly, systems integration, precision machining, order fulfillment, logistics, asset management, product licensing, and after-market repair and return services.

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Institutional Ownership by Quarter for Celestica (NYSE:CLS)

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