Aigen Investment Management LP Has $488,000 Stake in Celestica Inc. (NYSE:CLS)

Aigen Investment Management LP cut its position in Celestica Inc. (NYSE:CLS) (TSE:CLS) by 16.2% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 9,543 shares of the technology company’s stock after selling 1,839 shares during the quarter. Aigen Investment Management LP’s holdings in Celestica were worth $488,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. Price T Rowe Associates Inc. MD raised its position in Celestica by 2,494.7% during the first quarter. Price T Rowe Associates Inc. MD now owns 8,703,742 shares of the technology company’s stock valued at $391,147,000 after purchasing an additional 8,368,293 shares in the last quarter. Driehaus Capital Management LLC grew its position in Celestica by 19,876.9% in the second quarter. Driehaus Capital Management LLC now owns 1,164,653 shares of the technology company’s stock valued at $66,770,000 after acquiring an additional 1,158,823 shares during the last quarter. Hennessy Advisors Inc. acquired a new position in Celestica during the second quarter worth about $10,491,000. Twin Tree Management LP bought a new position in shares of Celestica in the first quarter worth about $7,504,000. Finally, Shellback Capital LP grew its holdings in shares of Celestica by 136.5% during the 2nd quarter. Shellback Capital LP now owns 260,153 shares of the technology company’s stock valued at $14,915,000 after purchasing an additional 150,153 shares during the last quarter. Institutional investors and hedge funds own 67.38% of the company’s stock.

Analyst Ratings Changes

CLS has been the subject of a number of research reports. CIBC increased their price target on Celestica from $58.00 to $60.00 and gave the company a “neutral” rating in a research note on Friday, July 26th. Canaccord Genuity Group increased their price objective on Celestica from $53.00 to $70.00 and gave the company a “buy” rating in a report on Friday, July 26th. BMO Capital Markets upped their price target on Celestica from $64.00 to $72.00 and gave the company an “outperform” rating in a research report on Thursday, October 24th. Royal Bank of Canada raised their price objective on Celestica from $65.00 to $75.00 and gave the stock an “outperform” rating in a research report on Thursday, October 24th. Finally, Stifel Nicolaus upped their target price on Celestica from $58.00 to $70.00 and gave the company a “buy” rating in a report on Thursday, October 24th. Two equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Celestica presently has an average rating of “Moderate Buy” and an average price target of $69.10.

Celestica Stock Performance

Shares of CLS stock opened at $80.49 on Friday. The firm has a 50 day moving average of $59.12 and a 200-day moving average of $55.29. The company has a market cap of $9.55 billion, a price-to-earnings ratio of 25.55 and a beta of 2.24. The company has a quick ratio of 0.87, a current ratio of 1.47 and a debt-to-equity ratio of 0.49. Celestica Inc. has a 52 week low of $25.83 and a 52 week high of $87.99.

Celestica (NYSE:CLS) (TSE:CLS) last posted its quarterly earnings results on Wednesday, October 23rd. The technology company reported $1.04 EPS for the quarter, topping 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 analysts’ expectations of $2.41 billion. During the same period last year, the company posted $0.65 earnings per share. The business’s quarterly revenue was up 24.8% on a year-over-year basis. On average, equities analysts forecast that Celestica Inc. will post 3.44 earnings per share for the current year.

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.