Celestica Inc. (NYSE:CLS) Position Lowered by Donald Smith & CO. Inc.

Donald Smith & CO. Inc. trimmed its holdings in shares of Celestica Inc. (NYSE:CLS) (TSE:CLS) by 60.6% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,271,050 shares of the technology company’s stock after selling 1,951,399 shares during the period. Donald Smith & CO. Inc. owned 1.06% of Celestica worth $37,216,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in CLS. Trexquant Investment LP increased its stake in shares of Celestica by 0.6% in the third quarter. Trexquant Investment LP now owns 88,491 shares of the technology company’s stock valued at $2,170,000 after purchasing an additional 502 shares during the period. Clearstead Advisors LLC acquired a new stake in Celestica in the third quarter worth approximately $32,000. Blue Trust Inc. raised its stake in shares of Celestica by 128.6% in the 4th quarter. Blue Trust Inc. now owns 2,460 shares of the technology company’s stock worth $72,000 after buying an additional 1,384 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Celestica by 8.1% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 27,540 shares of the technology company’s stock valued at $811,000 after buying an additional 2,071 shares during the period. Finally, Covestor Ltd acquired a new stake in Celestica in the 3rd quarter valued at about $68,000. 67.38% of the stock is currently owned by institutional investors and hedge funds.

Celestica Trading Up 1.3 %

CLS traded up $0.57 during mid-day trading on Monday, hitting $44.03. The stock had a trading volume of 1,708,269 shares, compared to its average volume of 2,282,217. The firm has a market capitalization of $5.25 billion, a price-to-earnings ratio of 16.43 and a beta of 2.22. Celestica Inc. has a 1-year low of $10.50 and a 1-year high of $51.12. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.42 and a quick ratio of 0.78. The stock’s fifty day simple moving average is $44.57 and its 200-day simple moving average is $34.48.

Celestica (NYSE:CLS) (TSE:CLS) last announced its quarterly earnings data on Monday, January 29th. The technology company reported $0.76 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.68 by $0.08. Celestica had a return on equity of 18.25% and a net margin of 3.86%. The company had revenue of $2.14 billion for the quarter, compared to analysts’ expectations of $2.08 billion. As a group, research analysts forecast that Celestica Inc. will post 2.59 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the company. StockNews.com downgraded Celestica from a “buy” rating to a “hold” rating in a report on Wednesday, February 28th. BMO Capital Markets increased their price objective on Celestica from $37.00 to $48.00 and gave the stock an “outperform” rating in a report on Monday, April 22nd. Stifel Nicolaus boosted their target price on shares of Celestica from $36.00 to $48.00 and gave the stock a “hold” rating in a research report on Friday. TD Securities raised their price target on shares of Celestica from $33.00 to $40.00 and gave the company a “buy” rating in a report on Wednesday, January 31st. Finally, CIBC restated a “neutral” rating and issued a $49.00 target price (up from $41.00) on shares of Celestica in a report on Friday. Three analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, Celestica presently has a consensus rating of “Moderate Buy” and an average price target of $42.25.

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.