Guardian Capital LP Has $56.81 Million Holdings in Celestica Inc. (NYSE:CLS)

Guardian Capital LP trimmed its stake in Celestica Inc. (NYSE:CLSFree Report) (TSE:CLS) by 8.1% during the 4th quarter, HoldingsChannel.com reports. The firm owned 1,930,139 shares of the technology company’s stock after selling 170,345 shares during the period. Celestica accounts for about 2.0% of Guardian Capital LP’s holdings, making the stock its 13th largest position. Guardian Capital LP’s holdings in Celestica were worth $56,809,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in CLS. Clearstead Advisors LLC acquired a new position in shares of Celestica in the third quarter valued at $32,000. Principal Securities Inc. bought a new position in shares of Celestica during the 4th quarter worth about $42,000. Covestor Ltd acquired a new stake in shares of Celestica during the 3rd quarter valued at about $68,000. Blue Trust Inc. increased its stake in Celestica by 128.6% in the fourth quarter. Blue Trust Inc. now owns 2,460 shares of the technology company’s stock valued at $72,000 after acquiring an additional 1,384 shares during the period. Finally, AJOVista LLC acquired a new position in Celestica in the fourth quarter worth about $123,000. Institutional investors own 67.38% of the company’s stock.

Celestica Trading Up 2.6 %

NYSE:CLS traded up $1.22 during trading hours on Tuesday, hitting $48.00. 1,992,139 shares of the stock were exchanged, compared to its average volume of 2,261,514. The company has a market capitalization of $5.70 billion, a P/E ratio of 17.91 and a beta of 2.25. The company has a quick ratio of 0.78, a current ratio of 1.42 and a debt-to-equity ratio of 0.45. The company’s 50 day moving average is $45.63 and its two-hundred day moving average is $36.23. Celestica Inc. has a twelve month low of $10.85 and a twelve month high of $51.12.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. Stifel Nicolaus upped their price objective on Celestica from $48.00 to $51.00 and gave the company a “hold” rating in a research note on Monday. StockNews.com cut Celestica from a “buy” rating to a “hold” rating in a research report on Wednesday, February 28th. Canaccord Genuity Group lifted their price objective on Celestica from $48.00 to $53.00 and gave the company a “buy” rating in a report on Friday, April 26th. Royal Bank of Canada upped their target price on shares of Celestica from $47.00 to $53.00 and gave the stock an “outperform” rating in a report on Sunday, April 28th. Finally, BMO Capital Markets lifted their price target on shares of Celestica from $37.00 to $48.00 and gave the company an “outperform” rating in a report on Monday, April 22nd. Three research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, Celestica currently has an average rating of “Moderate Buy” and a consensus price target of $42.63.

Get Our Latest Analysis on Celestica

About Celestica

(Free Report)

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.

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Institutional Ownership by Quarter for Celestica (NYSE:CLS)

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