Celestica, Inc. $CLS Position Reduced by G2 Investment Partners Management LLC

G2 Investment Partners Management LLC trimmed its position in shares of Celestica, Inc. (NYSE:CLS) (TSE:CLS) by 34.7% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 141,500 shares of the technology company’s stock after selling 75,299 shares during the quarter. Celestica makes up about 4.8% of G2 Investment Partners Management LLC’s portfolio, making the stock its 3rd biggest holding. G2 Investment Partners Management LLC’s holdings in Celestica were worth $22,090,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the company. Golden State Wealth Management LLC grew its position in Celestica by 102.5% during the second quarter. Golden State Wealth Management LLC now owns 164 shares of the technology company’s stock valued at $26,000 after buying an additional 83 shares during the period. ST Germain D J Co. Inc. acquired a new position in shares of Celestica in the second quarter worth about $37,000. Twin Peaks Wealth Advisors LLC purchased a new stake in shares of Celestica during the 2nd quarter worth about $40,000. First Horizon Advisors Inc. grew its position in shares of Celestica by 33.1% during the 2nd quarter. First Horizon Advisors Inc. now owns 350 shares of the technology company’s stock valued at $55,000 after acquiring an additional 87 shares during the period. Finally, Wolff Wiese Magana LLC grew its position in shares of Celestica by 45.6% during the 2nd quarter. Wolff Wiese Magana LLC now owns 364 shares of the technology company’s stock valued at $57,000 after acquiring an additional 114 shares during the period. 67.38% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the company. Wall Street Zen cut Celestica from a “buy” rating to a “hold” rating in a report on Saturday, December 6th. CIBC boosted their price objective on Celestica from $315.00 to $400.00 and gave the company an “outperform” rating in a research report on Wednesday, October 29th. The Goldman Sachs Group increased their target price on Celestica from $340.00 to $440.00 and gave the company a “buy” rating in a research report on Wednesday, October 29th. TD Cowen reissued a “hold” rating and issued a $238.00 price target on shares of Celestica in a research note on Friday, October 3rd. Finally, CICC Research assumed coverage on shares of Celestica in a report on Tuesday, August 19th. They issued an “outperform” rating for the company. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, Celestica presently has an average rating of “Moderate Buy” and a consensus price target of $336.13.

Celestica Stock Performance

NYSE CLS opened at $306.71 on Friday. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.47 and a quick ratio of 0.88. The stock’s 50 day simple moving average is $306.74 and its 200-day simple moving average is $226.31. The company has a market cap of $35.27 billion, a PE ratio of 49.79 and a beta of 1.83. Celestica, Inc. has a 1-year low of $58.05 and a 1-year high of $363.40.

Celestica (NYSE:CLS) (TSE:CLS) last issued its quarterly earnings results on Monday, October 27th. The technology company reported $1.58 EPS for the quarter, topping the consensus estimate 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 return on equity of 30.53% and a net margin of 6.35%.The firm’s revenue for the quarter was up 27.8% on a year-over-year basis. During the same period in the previous year, the business earned $1.04 earnings per share. As a group, equities research analysts anticipate that Celestica, Inc. will post 4.35 EPS for the current fiscal year.

Insider Buying and Selling at Celestica

In other Celestica news, Director Laurette T. Koellner purchased 6,000 shares of the stock in a transaction that occurred on Thursday, October 30th. The shares were purchased at an average cost of $341.67 per share, for a total transaction of $2,050,020.00. Following the completion of the transaction, the director owned 6,000 shares of the company’s stock, valued at $2,050,020. The trade was a ∞ increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 0.52% 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.