Harvest Fund Management Co. Ltd Sells 20,582 Shares of Celestica Inc. (NYSE:CLS)

Harvest Fund Management Co. Ltd lessened its stake in Celestica Inc. (NYSE:CLS) (TSE:CLS) by 95.2% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,039 shares of the technology company’s stock after selling 20,582 shares during the quarter. Harvest Fund Management Co. Ltd’s holdings in Celestica were worth $53,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the stock. Wolff Wiese Magana LLC raised its holdings in shares of Celestica by 32.1% in the 2nd quarter. Wolff Wiese Magana LLC now owns 700 shares of the technology company’s stock worth $40,000 after purchasing an additional 170 shares during the period. Optimum Investment Advisors raised its holdings in shares of Celestica by 66.7% in the 3rd quarter. Optimum Investment Advisors now owns 500 shares of the technology company’s stock worth $26,000 after purchasing an additional 200 shares during the period. Truist Financial Corp raised its holdings in shares of Celestica by 2.0% in the 2nd quarter. Truist Financial Corp now owns 11,008 shares of the technology company’s stock worth $631,000 after purchasing an additional 214 shares during the period. Whittier Trust Co. of Nevada Inc. grew its stake in 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 buying an additional 275 shares in the last quarter. Finally, Creative Planning grew its stake in 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 buying an additional 336 shares in the last quarter. Institutional investors own 67.38% of the company’s stock.

Celestica Stock Down 4.0 %

CLS opened at $83.18 on Thursday. Celestica Inc. has a one year low of $25.83 and a one year high of $93.15. The company has a fifty day moving average price of $66.53 and a 200-day moving average price of $57.88. The firm has a market capitalization of $9.68 billion, a P/E ratio of 26.41 and a beta of 2.24. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.47 and a quick ratio of 0.87.

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

Analyst Ratings Changes

CLS has been the subject of a number of recent research reports. Stifel Nicolaus lifted their price objective on shares of Celestica from $58.00 to $70.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. UBS Group initiated coverage on shares of Celestica in a research note on Friday, November 22nd. They issued a “neutral” rating and a $95.00 price objective for the company. TD Cowen lifted their price objective on shares of Celestica from $68.00 to $70.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. TD Securities lifted their price objective on shares of Celestica from $68.00 to $70.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. Finally, Royal Bank of Canada lifted their price objective on shares of Celestica from $65.00 to $75.00 and gave the company an “outperform” rating in a research note on Thursday, October 24th. Three research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $71.45.

Celestica 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.