Nordea Investment Management AB reduced its position in Celestica Inc (NYSE:CLS) (TSE:CLS) by 15.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 189,800 shares of the technology company’s stock after selling 35,400 shares during the period. Nordea Investment Management AB owned 0.14% of Celestica worth $2,270,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of CLS. Letko Brosseau & Associates Inc. lifted its position in shares of Celestica by 7.8% in the fourth quarter. Letko Brosseau & Associates Inc. now owns 22,173,121 shares of the technology company’s stock worth $194,165,000 after buying an additional 1,599,033 shares in the last quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp raised its position in Celestica by 33.1% during the third quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp now owns 2,537,335 shares of the technology company’s stock valued at $35,497,000 after purchasing an additional 630,800 shares during the period. D. E. Shaw & Co. Inc. raised its position in Celestica by 44.9% during the fourth quarter. D. E. Shaw & Co. Inc. now owns 915,138 shares of the technology company’s stock valued at $8,026,000 after purchasing an additional 283,636 shares during the period. Scheer Rowlett & Associates Investment Management Ltd. raised its position in Celestica by 18.8% during the fourth quarter. Scheer Rowlett & Associates Investment Management Ltd. now owns 1,759,243 shares of the technology company’s stock valued at $15,405,000 after purchasing an additional 278,752 shares during the period. Finally, Morgan Stanley raised its position in Celestica by 42.9% during the third quarter. Morgan Stanley now owns 883,650 shares of the technology company’s stock valued at $9,570,000 after purchasing an additional 265,131 shares during the period. Institutional investors own 65.76% of the company’s stock.

CLS has been the topic of a number of recent research reports. Zacks Investment Research downgraded Celestica from a “buy” rating to a “hold” rating in a research report on Thursday, February 7th. TD Securities decreased their price objective on Celestica from $12.00 to $10.00 and set a “hold” rating on the stock in a research report on Friday, February 1st. BMO Capital Markets set a $9.00 price objective on Celestica and gave the company a “hold” rating in a research report on Saturday, February 2nd. ValuEngine downgraded Celestica from a “hold” rating to a “sell” rating in a research report on Saturday, February 2nd. Finally, Scotiabank downgraded Celestica from an “outperform” rating to a “sector perform” rating in a research report on Friday, February 1st. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $9.96.

CLS opened at $8.62 on Wednesday. The company has a market cap of $1.19 billion, a PE ratio of 12.31, a price-to-earnings-growth ratio of 5.55 and a beta of 0.82. Celestica Inc has a one year low of $7.53 and a one year high of $12.59. The company has a current ratio of 1.74, a quick ratio of 1.07 and a debt-to-equity ratio of 0.49.

Celestica (NYSE:CLS) (TSE:CLS) last released its earnings results on Thursday, January 31st. The technology company reported $0.44 EPS for the quarter, beating analysts’ consensus estimates of $0.11 by $0.33. The firm had revenue of $1.73 billion for the quarter, compared to analysts’ expectations of $1.72 billion. Celestica had a return on equity of 7.51% and a net margin of 1.49%. As a group, equities research analysts predict that Celestica Inc will post 0.39 earnings per share for the current year.

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About Celestica

Celestica Inc provides design, manufacturing, hardware platform, and supply chain solutions in Canada and internationally. The company offers a range of services, including design and development, engineering, supply chain management, new product introduction, component sourcing, electronics manufacturing, assembly and test, complex mechanical assembly, systems integration, precision machining, order fulfillment, logistics, and after-market repair and return services.

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Institutional Ownership by Quarter for Celestica (NYSE:CLS)

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