Cetera Investment Advisers Decreases Holdings in Celestica Inc. (NYSE:CLS)

Cetera Investment Advisers lessened its stake in shares of Celestica Inc. (NYSE:CLS) (TSE:CLS) by 23.1% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 25,803 shares of the technology company’s stock after selling 7,734 shares during the period. Cetera Investment Advisers’ holdings in Celestica were worth $2,381,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the stock. Peregrine Capital Management LLC purchased a new position in shares of Celestica in the fourth quarter worth about $30,000. Pinpoint Asset Management Ltd increased its stake in shares of Celestica by 109.6% in the fourth quarter. Pinpoint Asset Management Ltd now owns 348 shares of the technology company’s stock worth $32,000 after purchasing an additional 182 shares in the last quarter. Bessemer Group Inc. purchased a new position in shares of Celestica in the fourth quarter worth about $42,000. R Squared Ltd purchased a new position in shares of Celestica in the fourth quarter worth about $51,000. Finally, IFP Advisors Inc increased its stake in shares of Celestica by 122.7% in the fourth quarter. IFP Advisors Inc now owns 668 shares of the technology company’s stock worth $62,000 after purchasing an additional 368 shares in the last quarter. Hedge funds and other institutional investors own 67.38% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the stock. TD Securities lifted their target price on shares of Celestica from $70.00 to $107.00 and gave the stock a “buy” rating in a research note on Tuesday, January 28th. Cibc World Mkts upgraded shares of Celestica from a “hold” rating to a “strong-buy” rating in a research note on Friday, January 31st. CIBC reduced their target price on shares of Celestica from $150.00 to $120.00 and set an “outperformer” rating for the company in a research note on Tuesday, April 15th. Argus reduced their target price on shares of Celestica from $150.00 to $120.00 and set a “buy” rating for the company in a research note on Tuesday, April 29th. Finally, Stifel Nicolaus lifted their target price on shares of Celestica from $140.00 to $150.00 and gave the stock a “buy” rating in a research note on Wednesday, February 19th. Two research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $109.55.

Celestica Trading Up 1.6%

Shares of CLS stock opened at $113.27 on Monday. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.87 and a current ratio of 1.47. Celestica Inc. has a 52-week low of $40.25 and a 52-week high of $144.27. The company has a market capitalization of $13.09 billion, a PE ratio of 30.29 and a beta of 1.65. The business’s fifty day moving average is $87.92 and its 200 day moving average is $96.12.

Celestica (NYSE:CLS) (TSE:CLS) last announced its earnings results on Thursday, April 24th. The technology company reported $1.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.10 by $0.10. Celestica had a net margin of 4.61% and a return on equity of 23.34%. The business had revenue of $2.65 billion during the quarter, compared to analyst estimates of $2.56 billion. During the same period in the previous year, the business posted $0.83 earnings per share. Celestica’s revenue for the quarter was up 19.9% on a year-over-year basis. On average, equities research analysts anticipate that Celestica Inc. will post 4.35 EPS for the current fiscal 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.