DGS Capital Management LLC Cuts Holdings in Celestica Inc. (NYSE:CLS)

DGS Capital Management LLC lessened its stake in Celestica Inc. (NYSE:CLS) (TSE:CLS) by 5.2% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 59,513 shares of the technology company’s stock after selling 3,242 shares during the quarter. Celestica accounts for approximately 0.8% of DGS Capital Management LLC’s portfolio, making the stock its 17th biggest position. DGS Capital Management LLC owned approximately 0.05% of Celestica worth $3,042,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Optimum Investment Advisors increased its holdings in Celestica by 66.7% in the third quarter. Optimum Investment Advisors now owns 500 shares of the technology company’s stock valued at $26,000 after buying an additional 200 shares during the last quarter. Financial Management Professionals Inc. acquired a new position in shares of Celestica during the 3rd quarter worth about $30,000. UMB Bank n.a. acquired a new position in shares of Celestica during the 3rd quarter worth about $34,000. Private Trust Co. NA raised its position in shares of Celestica by 480.0% during the 3rd quarter. Private Trust Co. NA now owns 870 shares of the technology company’s stock worth $44,000 after acquiring an additional 720 shares in the last quarter. Finally, Global Trust Asset Management LLC purchased a new stake in Celestica during the third quarter worth approximately $51,000. 67.38% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on CLS shares. BMO Capital Markets increased their price target on shares of Celestica from $64.00 to $72.00 and gave the company an “outperform” rating in a research note on Thursday, October 24th. Barclays began coverage on shares of Celestica in a research note on Tuesday, November 5th. They set an “overweight” rating and a $91.00 price target on the stock. Stifel Nicolaus boosted their price target on shares of Celestica from $70.00 to $100.00 and gave the company a “buy” rating in a research report on Tuesday. TD Cowen raised their price objective on Celestica from $68.00 to $70.00 and gave the stock a “buy” rating in a report on Thursday, October 24th. Finally, UBS Group assumed coverage on shares of Celestica in a research report on Friday, November 22nd. They issued a “neutral” rating and a $95.00 price target for the company. Three investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat.com, Celestica presently has an average rating of “Moderate Buy” and a consensus price target of $74.18.

Celestica Price Performance

CLS traded up $4.70 during trading on Friday, reaching $95.71. 1,548,530 shares of the stock were exchanged, compared to its average volume of 2,274,990. Celestica Inc. has a 1 year low of $26.62 and a 1 year high of $98.74. The company has a market capitalization of $11.14 billion, a price-to-earnings ratio of 31.07 and a beta of 2.27. The business’s 50 day moving average price is $75.75 and its two-hundred day moving average price is $60.81. 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 announced its quarterly earnings results on Wednesday, October 23rd. The technology company reported $1.04 earnings per share (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%. The company’s revenue for the quarter was up 24.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.65 earnings per share. As a group, equities research analysts anticipate that Celestica Inc. will post 3.44 earnings per share for the current year.

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.