Barometer Capital Management Inc. Has $216,000 Position in Celestica Inc. (NYSE:CLS)

Barometer Capital Management Inc. lowered its stake in shares of Celestica Inc. (NYSE:CLSFree Report) (TSE:CLS) by 14.6% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 8,800 shares of the technology company’s stock after selling 1,500 shares during the quarter. Barometer Capital Management Inc.’s holdings in Celestica were worth $216,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Donald Smith & CO. Inc. boosted its position in Celestica by 0.5% during the second quarter. Donald Smith & CO. Inc. now owns 5,063,355 shares of the technology company’s stock worth $73,419,000 after purchasing an additional 24,449 shares during the period. Acadian Asset Management LLC boosted its position in Celestica by 6.4% during the second quarter. Acadian Asset Management LLC now owns 4,042,721 shares of the technology company’s stock worth $58,714,000 after purchasing an additional 242,872 shares during the period. Vanguard Group Inc. lifted its holdings in shares of Celestica by 2.2% in the third quarter. Vanguard Group Inc. now owns 3,535,515 shares of the technology company’s stock worth $29,734,000 after buying an additional 77,778 shares in the last quarter. Cibc World Market Inc. lifted its holdings in shares of Celestica by 1.7% in the second quarter. Cibc World Market Inc. now owns 3,358,199 shares of the technology company’s stock worth $48,795,000 after buying an additional 55,536 shares in the last quarter. Finally, Morgan Stanley lifted its holdings in shares of Celestica by 10.1% in the fourth quarter. Morgan Stanley now owns 2,315,291 shares of the technology company’s stock worth $26,093,000 after buying an additional 211,930 shares in the last quarter. Institutional investors own 71.33% of the company’s stock.

Celestica Trading Up 2.4 %

CLS stock opened at $36.94 on Tuesday. The company has a market capitalization of $4.41 billion, a PE ratio of 18.20 and a beta of 2.17. Celestica Inc. has a one year low of $10.50 and a one year high of $37.27. The company’s 50 day moving average price is $29.50 and its two-hundred day moving average price is $25.62. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.75 and a current ratio of 1.40.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. Royal Bank of Canada increased their price target on shares of Celestica from $33.00 to $38.00 and gave the stock an “outperform” rating in a report on Wednesday, January 31st. CIBC increased their price target on shares of Celestica from $33.00 to $41.00 and gave the stock an “outperform” rating in a report on Wednesday, January 31st. Stifel Nicolaus increased their price target on shares of Celestica from $26.00 to $30.00 and gave the stock a “hold” rating in a report on Thursday, November 30th. BMO Capital Markets raised their target price on shares of Celestica from $32.00 to $37.00 and gave the company an “outperform” rating in a research note on Wednesday, January 31st. Finally, StockNews.com raised shares of Celestica from a “hold” rating to a “buy” rating in a research note on Wednesday, January 31st. One research analyst has rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $33.88.

Get Our Latest Analysis on CLS

About Celestica

(Free Report)

Celestica Inc provides supply chain solutions in North America, Europe, and Asia. It operates through Advanced Technology Solutions, and Connectivity & Cloud Solutions segments. 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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