Atomi Financial Group Inc. Sells 118 Shares of Celestica Inc. (NYSE:CLS)

Atomi Financial Group Inc. lowered its position in Celestica Inc. (NYSE:CLS) (TSE:CLS) by 1.8% in the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 6,533 shares of the technology company’s stock after selling 118 shares during the period. Atomi Financial Group Inc.’s holdings in Celestica were worth $603,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in CLS. Envestnet Asset Management Inc. raised its position in shares of Celestica by 185.7% in the 2nd quarter. Envestnet Asset Management Inc. now owns 113,483 shares of the technology company’s stock worth $6,504,000 after acquiring an additional 73,764 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of Celestica by 4.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,186,543 shares of the technology company’s stock worth $68,024,000 after acquiring an additional 52,807 shares in the last quarter. Sei Investments Co. raised its position in shares of Celestica by 18.9% in the 2nd quarter. Sei Investments Co. now owns 48,230 shares of the technology company’s stock worth $2,765,000 after acquiring an additional 7,670 shares in the last quarter. EverSource Wealth Advisors LLC raised its position in shares of Celestica by 560.3% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 3,724 shares of the technology company’s stock worth $195,000 after acquiring an additional 3,160 shares in the last quarter. Finally, AXA S.A. raised its position in shares of Celestica by 103.0% in the 2nd quarter. AXA S.A. now owns 199,590 shares of the technology company’s stock worth $11,442,000 after acquiring an additional 101,290 shares in the last quarter. Institutional investors own 67.38% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently weighed in on CLS. UBS Group began coverage on Celestica in a research report on Friday, November 22nd. They set a “neutral” rating and a $95.00 price objective for the company. TD Securities raised their price objective on Celestica from $68.00 to $70.00 and gave the company a “buy” rating in a research report on Thursday, October 24th. Canaccord Genuity Group raised their price objective on Celestica from $77.00 to $110.00 and gave the company a “buy” rating in a research report on Friday, December 20th. TD Cowen raised their price objective on Celestica from $68.00 to $70.00 and gave the company a “buy” rating in a research report on Thursday, October 24th. Finally, Stifel Nicolaus raised their price objective on Celestica from $70.00 to $100.00 and gave the company a “buy” rating in a research report on Tuesday, December 10th. Three research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $81.45.

Celestica Stock Performance

CLS stock opened at $122.77 on Friday. The company has a market cap of $14.29 billion, a P/E ratio of 38.97 and a beta of 2.25. Celestica Inc. has a 1 year low of $30.55 and a 1 year high of $131.23. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.47 and a quick ratio of 0.87. The stock’s fifty day moving average price is $95.22 and its 200-day moving average price is $69.86.

Celestica (NYSE:CLS) (TSE:CLS) last released its quarterly 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 firm had revenue of $2.50 billion for the quarter, compared to the consensus estimate of $2.41 billion. Celestica had a return on equity of 21.58% and a net margin of 4.08%. The company’s revenue for the quarter was up 24.8% on a year-over-year basis. During the same period last year, the business posted $0.65 EPS. On average, equities analysts forecast that Celestica Inc. will post 3.44 earnings per share for the current year.

Insider Transactions at Celestica

In related news, Director Michael Wilson sold 25,000 shares of Celestica stock in a transaction on Monday, January 6th. The stock was sold at an average price of $98.73, for a total transaction of $2,468,250.00. Following the transaction, the director now directly owns 1,784 shares in the company, valued at approximately $176,134.32. The trade was a 93.34 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 1.00% of the company’s stock.

Celestica Company 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.