Savant Capital LLC Sells 1,283 Shares of Celestica, Inc. $CLS

Savant Capital LLC lessened its stake in shares of Celestica, Inc. (NYSE:CLS) (TSE:CLS) by 42.4% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,741 shares of the technology company’s stock after selling 1,283 shares during the quarter. Savant Capital LLC’s holdings in Celestica were worth $272,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Golden State Wealth Management LLC boosted its holdings in Celestica by 102.5% in the second quarter. Golden State Wealth Management LLC now owns 164 shares of the technology company’s stock worth $26,000 after purchasing an additional 83 shares during the last quarter. Suncoast Equity Management lifted its holdings in shares of Celestica by 7.1% during the 2nd quarter. Suncoast Equity Management now owns 7,430 shares of the technology company’s stock valued at $1,160,000 after buying an additional 490 shares during the period. First Horizon Advisors Inc. boosted its stake in shares of Celestica by 33.1% in the 2nd quarter. First Horizon Advisors Inc. now owns 350 shares of the technology company’s stock worth $55,000 after buying an additional 87 shares during the last quarter. CloudAlpha Capital Management Limited Hong Kong grew its holdings in shares of Celestica by 21.1% in the second quarter. CloudAlpha Capital Management Limited Hong Kong now owns 463,310 shares of the technology company’s stock worth $72,327,000 after acquiring an additional 80,670 shares during the period. Finally, Axim Planning & Wealth purchased a new stake in Celestica during the second quarter valued at $392,000. 67.38% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

CLS has been the topic of several research reports. New Street Research set a $400.00 target price on Celestica in a research report on Wednesday, October 29th. JPMorgan Chase & Co. raised their price objective on shares of Celestica from $295.00 to $360.00 and gave the stock an “overweight” rating in a report on Wednesday, October 29th. BNP Paribas restated an “outperform” rating and set a $300.00 target price on shares of Celestica in a research report on Thursday, September 25th. TD Cowen reiterated a “hold” rating and issued a $238.00 price target on shares of Celestica in a research report on Friday, October 3rd. Finally, BMO Capital Markets set a $370.00 price target on shares of Celestica and gave the stock an “outperform” rating in a research note on Wednesday, October 29th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $336.13.

Celestica Price Performance

Shares of NYSE:CLS opened at $300.53 on Wednesday. The company has a market capitalization of $34.56 billion, a P/E ratio of 48.79 and a beta of 1.85. Celestica, Inc. has a 1-year low of $58.05 and a 1-year high of $363.40. The firm’s 50 day simple moving average is $280.05 and its two-hundred day simple moving average is $200.73. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.47 and a quick ratio of 0.86.

Celestica (NYSE:CLS) (TSE:CLS) last announced its quarterly earnings data on Monday, October 27th. The technology company reported $1.58 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.45 by $0.13. The firm had revenue of $3.19 billion during the quarter, compared to analysts’ expectations of $3.01 billion. Celestica had a net margin of 6.35% and a return on equity of 30.53%. During the same period in the prior year, the company posted $1.04 earnings per share. The company’s revenue for the quarter was up 27.8% compared to the same quarter last year. Research analysts expect that Celestica, Inc. will post 4.35 EPS for the current fiscal year.

Insider Transactions at Celestica

In other Celestica news, Director Laurette T. Koellner purchased 6,000 shares of the firm’s stock in a transaction on Thursday, October 30th. The shares were acquired at an average cost of $341.67 per share, with a total value of $2,050,020.00. Following the completion of the acquisition, the director directly owned 6,000 shares in the company, valued at $2,050,020. The trade was a ∞ increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 0.52% of the company’s stock.

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.