ClariVest Asset Management LLC Sells 17,756 Shares of Celestica Inc. (NYSE:CLS)

ClariVest Asset Management LLC lowered its position in shares of Celestica Inc. (NYSE:CLSGet Rating) (TSE:CLS) by 5.1% during the 1st quarter, Holdings Channel.com reports. The institutional investor owned 330,229 shares of the technology company’s stock after selling 17,756 shares during the quarter. ClariVest Asset Management LLC’s holdings in Celestica were worth $3,930,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. National Bank of Canada FI purchased a new stake in shares of Celestica during the 4th quarter worth approximately $741,000. Boston Partners grew its position in shares of Celestica by 91.4% during the 4th quarter. Boston Partners now owns 230,941 shares of the technology company’s stock valued at $2,570,000 after purchasing an additional 110,311 shares in the last quarter. Beck Bode LLC purchased a new position in shares of Celestica during the 4th quarter valued at $1,722,000. American Century Companies Inc. grew its position in shares of Celestica by 5.8% during the 4th quarter. American Century Companies Inc. now owns 170,936 shares of the technology company’s stock valued at $1,905,000 after purchasing an additional 9,344 shares in the last quarter. Finally, CIBC Asset Management Inc grew its position in shares of Celestica by 5.2% during the 4th quarter. CIBC Asset Management Inc now owns 93,043 shares of the technology company’s stock valued at $1,036,000 after purchasing an additional 4,636 shares in the last quarter. Institutional investors own 61.00% of the company’s stock.

Analyst Ratings Changes

CLS has been the subject of a number of research analyst reports. StockNews.com raised shares of Celestica from a “buy” rating to a “strong-buy” rating in a report on Thursday, April 28th. TD Securities dropped their price objective on shares of Celestica from $13.00 to $11.00 and set a “hold” rating for the company in a report on Wednesday. Citigroup raised shares of Celestica from a “sell” rating to a “neutral” rating and set a $10.00 price objective for the company in a report on Wednesday. Finally, BMO Capital Markets raised shares of Celestica from a “market perform” rating to an “outperform” rating and dropped their price objective for the stock from $13.00 to $12.50 in a report on Wednesday. Three analysts have rated the stock with a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $12.25.

Celestica Price Performance

Shares of CLS stock opened at $10.18 on Thursday. The business’s fifty day moving average is $10.23 and its 200 day moving average is $11.08. The company has a quick ratio of 0.70, a current ratio of 1.51 and a debt-to-equity ratio of 0.48. The stock has a market cap of $1.26 billion, a price-to-earnings ratio of 10.18, a PEG ratio of 0.41 and a beta of 2.09. Celestica Inc. has a twelve month low of $8.03 and a twelve month high of $13.40.

Celestica (NYSE:CLSGet Rating) (TSE:CLS) last issued its quarterly earnings results on Monday, July 25th. The technology company reported $0.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.42 by $0.02. Celestica had a net margin of 1.99% and a return on equity of 13.60%. The company had revenue of $1.72 billion during the quarter, compared to analysts’ expectations of $1.66 billion. During the same period last year, the company posted $0.30 EPS. Celestica’s revenue was up 20.9% on a year-over-year basis. Research analysts expect that Celestica Inc. will post 1.57 EPS for the current fiscal year.

Celestica Company Profile

(Get Rating)

Celestica Inc provides hardware platform and 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, engineering, supply chain management, new product introduction, 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.

Read More

Want to see what other hedge funds are holding CLS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Celestica Inc. (NYSE:CLSGet Rating) (TSE:CLS).

Institutional Ownership by Quarter for Celestica (NYSE:CLS)

Receive News & Ratings for Celestica Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Celestica and related companies with MarketBeat.com's FREE daily email newsletter.