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

DGS Capital Management LLC lowered its position in shares of Celestica Inc. (NYSE:CLS) (TSE:CLS) by 5.2% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 59,513 shares of the technology company’s stock after selling 3,242 shares during the quarter. Celestica makes up approximately 0.8% of DGS Capital Management LLC’s holdings, making the stock its 17th biggest holding. DGS Capital Management LLC’s holdings in Celestica were worth $3,042,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of CLS. Optimum Investment Advisors grew its holdings in Celestica by 66.7% in the 3rd 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 period. Financial Management Professionals Inc. purchased a new position in shares of Celestica during the 3rd quarter worth about $30,000. UMB Bank n.a. acquired a new stake in shares of Celestica in the third quarter worth approximately $34,000. Private Trust Co. NA grew its holdings in Celestica by 480.0% in the third quarter. Private Trust Co. NA now owns 870 shares of the technology company’s stock valued at $44,000 after purchasing an additional 720 shares during the period. Finally, Global Trust Asset Management LLC purchased a new stake in Celestica in the third quarter valued at approximately $51,000. 67.38% of the stock is owned by hedge funds and other institutional investors.

Celestica Stock Up 5.2 %

NYSE:CLS traded up $4.70 during trading hours on Friday, hitting $95.71. The stock had a trading volume of 1,548,530 shares, compared to its average volume of 2,274,990. The company has a market cap of $11.14 billion, a PE ratio of 31.07 and a beta of 2.27. The business has a 50 day simple moving average of $75.75 and a two-hundred day simple moving average of $60.81. Celestica Inc. has a 1-year low of $26.62 and a 1-year high of $98.74. 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 released its quarterly earnings results on Wednesday, October 23rd. The technology company reported $1.04 earnings per share for the quarter, beating analysts’ consensus estimates of $0.93 by $0.11. Celestica had a net margin of 4.08% and a return on equity of 21.58%. The business had revenue of $2.50 billion during the quarter, compared to analyst estimates of $2.41 billion. During the same period last year, the business earned $0.65 EPS. The business’s revenue was up 24.8% on a year-over-year basis. Analysts predict that Celestica Inc. will post 3.44 EPS for the current year.

Wall Street Analyst Weigh In

A number of research firms have weighed in on CLS. TD Cowen increased their price target on shares of Celestica from $68.00 to $70.00 and gave the stock a “buy” rating in a research note on Thursday, October 24th. Stifel Nicolaus lifted their target price on Celestica from $70.00 to $100.00 and gave the company a “buy” rating in a report on Tuesday. TD Securities 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. Royal Bank of Canada lifted their price objective on Celestica from $65.00 to $75.00 and gave the company an “outperform” rating in a research note on Thursday, October 24th. Finally, Barclays started coverage on shares of Celestica in a research report on Tuesday, November 5th. They set an “overweight” rating and a $91.00 target price for the company. Three investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat.com, Celestica presently has an average rating of “Moderate Buy” and an average target price of $74.18.

About Celestica

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.