Celestica Inc. (NYSE:CLS) Shares Sold by Waterfront Wealth Inc.

Waterfront Wealth Inc. trimmed its position in Celestica Inc. (NYSE:CLS) (TSE:CLS) by 1.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 33,273 shares of the technology company’s stock after selling 597 shares during the quarter. Waterfront Wealth Inc.’s holdings in Celestica were worth $974,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of CLS. WCM Investment Management LLC purchased a new stake in shares of Celestica in the 4th quarter valued at approximately $67,832,000. Connor Clark & Lunn Investment Management Ltd. raised its stake in shares of Celestica by 50.9% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 6,094,994 shares of the technology company’s stock valued at $149,153,000 after acquiring an additional 2,054,918 shares during the period. Shannon River Fund Management LLC purchased a new stake in shares of Celestica in the 3rd quarter valued at approximately $41,565,000. SG Capital Management LLC purchased a new stake in shares of Celestica in the 3rd quarter valued at approximately $29,939,000. Finally, Norges Bank purchased a new stake in shares of Celestica in the 4th quarter valued at approximately $11,360,000. 67.38% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on CLS shares. TD Securities upped their target price on shares of Celestica from $33.00 to $40.00 and gave the stock a “buy” rating in a research note on Wednesday, January 31st. Royal Bank of Canada upped their target price on shares of Celestica from $33.00 to $38.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 31st. Canaccord Genuity Group upped their target price on shares of Celestica from $32.50 to $38.00 and gave the stock a “buy” rating in a research note on Wednesday, January 31st. BMO Capital Markets upped their target price on shares of Celestica from $32.00 to $37.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 31st. Finally, CIBC upped their target price on shares of Celestica from $33.00 to $41.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 31st. Two research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $33.88.

Celestica Stock Up 0.8 %

Shares of Celestica stock traded up $0.37 during trading hours on Thursday, hitting $44.99. The company had a trading volume of 175,957 shares, compared to its average volume of 2,138,991. The company’s 50-day moving average is $43.94 and its two-hundred day moving average is $33.55. Celestica Inc. has a twelve month low of $10.50 and a twelve month high of $51.12. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.40 and a quick ratio of 0.75. The company has a market cap of $5.37 billion, a P/E ratio of 21.98 and a beta of 2.22.

Celestica (NYSE:CLS) (TSE:CLS) last issued its quarterly earnings results on Monday, January 29th. The technology company reported $0.76 earnings per share for the quarter, topping analysts’ consensus estimates of $0.68 by $0.08. The firm had revenue of $2.14 billion during the quarter, compared to analysts’ expectations of $2.08 billion. Celestica had a net margin of 3.07% and a return on equity of 17.09%. Analysts anticipate that Celestica Inc. will post 2.59 earnings per share for the current fiscal year.

About Celestica

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.