Celestica Inc (NYSE:CLS) Shares Sold by CLARET ASSET MANAGEMENT Corp

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CLARET ASSET MANAGEMENT Corp reduced its position in shares of Celestica Inc (NYSE:CLS) (TSE:CLS) by 74.6% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 10,140 shares of the technology company’s stock after selling 29,855 shares during the period. CLARET ASSET MANAGEMENT Corp’s holdings in Celestica were worth $73,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in CLS. Pzena Investment Management LLC increased its stake in Celestica by 17.9% in the 2nd quarter. Pzena Investment Management LLC now owns 4,679,789 shares of the technology company’s stock worth $31,963,000 after purchasing an additional 709,033 shares in the last quarter. Brandes Investment Partners LP increased its stake in Celestica by 21.3% in the 2nd quarter. Brandes Investment Partners LP now owns 3,861,916 shares of the technology company’s stock worth $27,289,000 after purchasing an additional 676,951 shares in the last quarter. Donald Smith & CO. Inc. increased its stake in Celestica by 19.0% in the 2nd quarter. Donald Smith & CO. Inc. now owns 3,769,139 shares of the technology company’s stock worth $25,743,000 after purchasing an additional 601,041 shares in the last quarter. The Manufacturers Life Insurance Company increased its stake in Celestica by 1.4% in the 1st quarter. The Manufacturers Life Insurance Company now owns 2,714,443 shares of the technology company’s stock worth $22,937,000 after purchasing an additional 37,097 shares in the last quarter. Finally, Mackenzie Financial Corp increased its stake in Celestica by 0.8% in the 2nd quarter. Mackenzie Financial Corp now owns 2,587,565 shares of the technology company’s stock worth $17,673,000 after purchasing an additional 19,951 shares in the last quarter. 65.84% of the stock is currently owned by hedge funds and other institutional investors.

CLS has been the topic of a number of analyst reports. Royal Bank of Canada dropped their price target on Celestica from $9.00 to $7.50 and set a “sector perform” rating on the stock in a research note on Thursday, July 25th. Pi Financial initiated coverage on Celestica in a research note on Thursday. They issued a “neutral” rating and a $9.30 price target on the stock. TD Securities dropped their price target on Celestica from $8.00 to $7.00 and set a “hold” rating on the stock in a research note on Thursday, July 25th. Finally, Zacks Investment Research cut Celestica from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, September 24th. One analyst has rated the stock with a sell rating and ten have given a hold rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $8.88.

Shares of NYSE CLS opened at $6.67 on Friday. Celestica Inc has a one year low of $6.08 and a one year high of $11.21. The firm has a market capitalization of $834.74 million, a PE ratio of 5.86, a PEG ratio of 14.53 and a beta of 0.79. The company has a current ratio of 1.83, a quick ratio of 1.07 and a debt-to-equity ratio of 0.50. The business has a 50-day moving average price of $6.91 and a two-hundred day moving average price of $7.11.

Celestica (NYSE:CLS) (TSE:CLS) last announced its quarterly earnings data on Wednesday, July 24th. The technology company reported ($0.05) EPS for the quarter, missing the Zacks’ 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 business had revenue of $1.45 billion for the quarter, compared to analyst estimates of $1.44 billion. During the same quarter in the previous year, the business posted $0.29 earnings per share. The company’s revenue was down 14.7% compared to the same quarter last year. Research analysts anticipate that Celestica Inc will post 0.21 EPS for the current year.

About Celestica

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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