Donald Smith & CO. Inc. Has $26.77 Million Position in Celestica Inc (CLS)

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Donald Smith & CO. Inc. cut its position in shares of Celestica Inc (NYSE:CLS) (TSE:CLS) by 5.3% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 3,168,098 shares of the technology company’s stock after selling 178,943 shares during the quarter. Celestica makes up about 1.0% of Donald Smith & CO. Inc.’s holdings, making the stock its 23rd biggest position. Donald Smith & CO. Inc.’s holdings in Celestica were worth $26,770,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. DekaBank Deutsche Girozentrale purchased a new stake in shares of Celestica in the 1st quarter valued at $8,206,000. HCR Wealth Advisors purchased a new stake in shares of Celestica in the 1st quarter valued at $358,000. Royce & Associates LP boosted its stake in shares of Celestica by 10.6% in the 1st quarter. Royce & Associates LP now owns 1,982,635 shares of the technology company’s stock valued at $16,753,000 after purchasing an additional 190,400 shares in the last quarter. Shell Asset Management Co. boosted its stake in shares of Celestica by 146.7% in the 1st quarter. Shell Asset Management Co. now owns 95,231 shares of the technology company’s stock valued at $805,000 after purchasing an additional 56,629 shares in the last quarter. Finally, Scheer Rowlett & Associates Investment Management Ltd. boosted its stake in shares of Celestica by 1.6% in the 1st quarter. Scheer Rowlett & Associates Investment Management Ltd. now owns 1,787,786 shares of the technology company’s stock valued at $15,108,000 after purchasing an additional 28,543 shares in the last quarter. Institutional investors and hedge funds own 64.50% of the company’s stock.

A number of equities research analysts have recently issued reports on the stock. Royal Bank of Canada cut their price objective on shares of Celestica from $10.00 to $9.00 and set a “sector perform” rating for the company in a research note on Friday, April 26th. Zacks Investment Research raised shares of Celestica from a “hold” rating to a “buy” rating and set a $9.75 price objective for the company in a research note on Monday, April 15th. Canaccord Genuity cut shares of Celestica from a “buy” rating to a “hold” rating in a research note on Friday, April 26th. Beacon Securities cut shares of Celestica from a “buy” rating to a “hold” rating and cut their price objective for the company from $10.50 to $9.00 in a research note on Friday, April 26th. Finally, TD Securities cut their price objective on shares of Celestica from $10.00 to $8.00 and set a “hold” rating for the company in a research note on Friday, April 26th. One investment analyst has rated the stock with a sell rating and nine have given a hold rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $9.39.

Shares of CLS opened at $6.25 on Tuesday. The firm has a market cap of $858.34 million, a price-to-earnings ratio of 8.93 and a beta of 0.78. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.81 and a quick ratio of 1.08. Celestica Inc has a twelve month low of $6.22 and a twelve month high of $12.59.

Celestica (NYSE:CLS) (TSE:CLS) last announced its quarterly earnings results on Thursday, April 25th. The technology company reported $0.12 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.04 by $0.08. The business had revenue of $1.50 billion during the quarter, compared to analysts’ expectations of $1.50 billion. Celestica had a net margin of 2.67% and a return on equity of 13.21%. The firm’s revenue for the quarter was up 4.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.24 EPS. As a group, equities research analysts forecast that Celestica Inc will post -0.4 EPS for the current fiscal year.

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Celestica Company Profile

Celestica Inc provides design, manufacturing, hardware platform, and supply chain solutions in Canada and internationally. It operates through two segments, Advanced Technology Solutions, and Connectivity & Cloud Solutions. The company offers a range of services, including design and development, engineering, supply chain management, new product introduction, component sourcing, electronics manufacturing, assembly and test, complex mechanical assembly, systems integration, precision machining, order fulfillment, logistics, asset management, product licensing, and after-market repair and return services.

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Institutional Ownership by Quarter for Celestica (NYSE:CLS)

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