DGS Capital Management LLC Decreases Stock Position in Celestica Inc. (NYSE:CLS)

DGS Capital Management LLC cut its stake in shares of Celestica Inc. (NYSE:CLS) (TSE:CLS) by 11.8% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 52,491 shares of the technology company’s stock after selling 7,022 shares during the quarter. Celestica accounts for about 1.2% of DGS Capital Management LLC’s investment portfolio, making the stock its 11th largest holding. DGS Capital Management LLC’s holdings in Celestica were worth $4,845,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Cornerstone Wealth Management LLC purchased a new position in shares of Celestica in the fourth quarter valued at about $385,000. FCG Investment Co increased its holdings in Celestica by 2.5% during the 4th quarter. FCG Investment Co now owns 22,362 shares of the technology company’s stock valued at $2,064,000 after purchasing an additional 542 shares during the period. SG Americas Securities LLC bought a new position in Celestica during the 4th quarter valued at approximately $162,000. Global Trust Asset Management LLC raised its position in Celestica by 195.0% during the 4th quarter. Global Trust Asset Management LLC now owns 2,950 shares of the technology company’s stock valued at $272,000 after purchasing an additional 1,950 shares during the last quarter. Finally, Mitchell Mcleod Pugh & Williams Inc. bought a new stake in shares of Celestica in the 4th quarter worth approximately $300,000. 67.38% of the stock is currently owned by institutional investors.

Celestica Stock Down 1.0 %

Shares of NYSE:CLS opened at $121.74 on Friday. Celestica Inc. has a 12-month low of $30.84 and a 12-month high of $131.23. The stock has a market capitalization of $14.17 billion, a price-to-earnings ratio of 38.65 and a beta of 2.25. The stock has a fifty day simple moving average of $96.86 and a two-hundred day simple moving average of $70.67. The company has a current ratio of 1.47, a quick ratio of 0.87 and a debt-to-equity ratio of 0.49.

Celestica (NYSE:CLS) (TSE:CLS) last announced 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 company had revenue of $2.50 billion for 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%. Celestica’s revenue for the quarter was up 24.8% on a year-over-year basis. During the same period in the prior year, the firm posted $0.65 EPS. On average, research analysts anticipate that Celestica Inc. will post 3.44 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of brokerages recently commented on CLS. TD Securities raised their price target on Celestica from $68.00 to $70.00 and gave the stock a “buy” rating in a research note on Thursday, October 24th. Stifel Nicolaus raised their target price on shares of Celestica from $70.00 to $100.00 and gave the stock a “buy” rating in a research report on Tuesday, December 10th. Barclays began coverage on shares of Celestica in a research note on Tuesday, November 5th. They set an “overweight” rating and a $91.00 target price on the stock. UBS Group initiated coverage on shares of Celestica in a report on Friday, November 22nd. They issued a “neutral” rating and a $95.00 price objective for the company. Finally, Canaccord Genuity Group upped their target price on Celestica from $77.00 to $110.00 and gave the stock a “buy” rating in a report on Friday, December 20th. Three research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $81.45.

Insiders Place Their Bets

In other news, Director Michael Wilson sold 25,000 shares of the stock in a transaction on Monday, January 6th. The stock was sold at an average price of $98.73, for a total transaction of $2,468,250.00. Following the transaction, the director now directly owns 1,784 shares of the company’s stock, valued at $176,134.32. This represents a 93.34 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 1.00% of the stock is owned by insiders.

Celestica Company 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.