Pitcairn Co. Has $665,000 Holdings in Celestica Inc. (NYSE:CLS)

Pitcairn Co. trimmed its position in shares of Celestica Inc. (NYSE:CLS) (TSE:CLS) by 51.7% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 13,005 shares of the technology company’s stock after selling 13,918 shares during the quarter. Pitcairn Co.’s holdings in Celestica were worth $665,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also made changes to their positions in CLS. Wolff Wiese Magana LLC boosted its holdings in Celestica by 32.1% in the second quarter. Wolff Wiese Magana LLC now owns 700 shares of the technology company’s stock worth $40,000 after purchasing an additional 170 shares in the last quarter. Optimum Investment Advisors boosted its stake in shares of Celestica by 66.7% during the 3rd quarter. Optimum Investment Advisors now owns 500 shares of the technology company’s stock worth $26,000 after acquiring an additional 200 shares in the last quarter. Truist Financial Corp increased its holdings in shares of Celestica by 2.0% during the 2nd quarter. Truist Financial Corp now owns 11,008 shares of the technology company’s stock valued at $631,000 after acquiring an additional 214 shares during the last quarter. Whittier Trust Co. of Nevada Inc. raised its stake in shares of Celestica by 26.6% in the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 1,307 shares of the technology company’s stock valued at $67,000 after acquiring an additional 275 shares in the last quarter. Finally, Creative Planning raised its stake in shares of Celestica by 4.7% in the 2nd quarter. Creative Planning now owns 7,526 shares of the technology company’s stock valued at $431,000 after acquiring an additional 336 shares in the last quarter. Institutional investors own 67.38% of the company’s stock.

Celestica Trading Down 4.0 %

CLS stock opened at $85.61 on Tuesday. Celestica Inc. has a 1-year low of $25.83 and a 1-year high of $93.15. The company has a current ratio of 1.47, a quick ratio of 0.87 and a debt-to-equity ratio of 0.49. The business’s 50 day moving average is $64.95 and its 200-day moving average is $57.35. The firm has a market cap of $9.96 billion, a P/E ratio of 27.64 and a beta of 2.24.

Celestica (NYSE:CLS) (TSE:CLS) last announced its quarterly earnings results on Wednesday, October 23rd. The technology company reported $1.04 earnings per share for the quarter, beating analysts’ consensus estimates of $0.93 by $0.11. Celestica had a return on equity of 21.58% and a net margin of 4.08%. The firm had revenue of $2.50 billion for the quarter, compared to analysts’ expectations of $2.41 billion. During the same period in the prior year, the business posted $0.65 earnings per share. The business’s revenue was up 24.8% compared to the same quarter last year. Equities analysts anticipate that Celestica Inc. will post 3.44 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the company. BMO Capital Markets increased their price target on Celestica from $64.00 to $72.00 and gave the company an “outperform” rating in a report on Thursday, October 24th. UBS Group assumed coverage on shares of Celestica in a research note on Friday. They issued a “neutral” rating and a $95.00 target price on the stock. Royal Bank of Canada boosted their target price on shares of Celestica from $65.00 to $75.00 and gave the stock an “outperform” rating in a research report on Thursday, October 24th. Barclays began coverage on Celestica in a research report on Tuesday, November 5th. They issued an “overweight” rating and a $91.00 price target on the stock. Finally, TD Cowen boosted their price objective on Celestica from $68.00 to $70.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. Three analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $71.45.

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.