Harbor Capital Advisors Inc. Has $1.96 Million Stake in Celestica Inc. (NYSE:CLS)

Harbor Capital Advisors Inc. reduced its stake in Celestica Inc. (NYSE:CLS) (TSE:CLS) by 65.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 21,230 shares of the technology company’s stock after selling 40,248 shares during the quarter. Harbor Capital Advisors Inc.’s holdings in Celestica were worth $1,960,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Optimum Investment Advisors lifted its holdings in shares of 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 purchasing an additional 200 shares in the last quarter. Financial Management Professionals Inc. bought a new stake in Celestica in the 3rd quarter valued at approximately $30,000. UMB Bank n.a. acquired a new position in Celestica during the 3rd quarter worth approximately $34,000. Private Trust Co. NA grew its stake 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 acquired a new stake in shares of Celestica in the third quarter valued at approximately $51,000. 67.38% of the stock is owned by institutional investors and hedge funds.

Celestica Price Performance

Shares of CLS opened at $103.66 on Friday. The company’s 50-day moving average is $90.46 and its 200-day moving average is $66.87. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.47 and a quick ratio of 0.87. The firm has a market capitalization of $12.06 billion, a PE ratio of 32.91 and a beta of 2.25. Celestica Inc. has a fifty-two week low of $26.62 and a fifty-two week high of $104.92.

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 the consensus estimate of $0.93 by $0.11. Celestica had a net margin of 4.08% and a return on equity of 21.58%. The firm had revenue of $2.50 billion for the quarter, compared to analysts’ expectations of $2.41 billion. During the same period in the prior year, the firm earned $0.65 EPS. The business’s revenue was up 24.8% on a year-over-year basis. Equities analysts forecast that Celestica Inc. will post 3.44 EPS for the current year.

Insider Buying and Selling

In other Celestica 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 owns 1,784 shares in the company, valued at $176,134.32. This trade represents a 93.34 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.00% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on CLS. Canaccord Genuity Group raised their target price on shares of Celestica from $77.00 to $110.00 and gave the company a “buy” rating in a research report on Friday, December 20th. UBS Group started coverage on Celestica in a research report on Friday, November 22nd. They issued a “neutral” rating and a $95.00 target price on the stock. BMO Capital Markets raised their price target on Celestica from $64.00 to $72.00 and gave the company an “outperform” rating in a research note on Thursday, October 24th. Barclays assumed coverage on Celestica in a research note on Tuesday, November 5th. They set an “overweight” rating and a $91.00 price objective on the stock. Finally, Stifel Nicolaus raised their target price on shares of Celestica from $70.00 to $100.00 and gave the company a “buy” rating in a research note on Tuesday, December 10th. Three analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat, Celestica currently has an average rating of “Moderate Buy” and an average target price of $81.45.

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.