Cetera Investment Advisers Has $2.38 Million Holdings in Celestica Inc. (NYSE:CLS)

Cetera Investment Advisers cut its position in shares of Celestica Inc. (NYSE:CLS) (TSE:CLS) by 23.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 25,803 shares of the technology company’s stock after selling 7,734 shares during the quarter. Cetera Investment Advisers’ holdings in Celestica were worth $2,381,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of CLS. Peregrine Capital Management LLC acquired a new stake in shares of Celestica during the fourth quarter worth $30,000. Pinpoint Asset Management Ltd increased its position in shares of Celestica by 109.6% during the fourth quarter. Pinpoint Asset Management Ltd now owns 348 shares of the technology company’s stock worth $32,000 after buying an additional 182 shares during the period. Bessemer Group Inc. acquired a new stake in shares of Celestica during the fourth quarter worth $42,000. R Squared Ltd acquired a new stake in shares of Celestica during the fourth quarter worth $51,000. Finally, IFP Advisors Inc increased its position in shares of Celestica by 122.7% during the fourth quarter. IFP Advisors Inc now owns 668 shares of the technology company’s stock worth $62,000 after buying an additional 368 shares during the period. 67.38% of the stock is currently owned by institutional investors and hedge funds.

Celestica Stock Up 1.6%

CLS opened at $113.27 on Monday. 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 company’s 50-day moving average is $87.92 and its 200 day moving average is $96.12. Celestica Inc. has a fifty-two week low of $40.25 and a fifty-two week high of $144.27. The firm has a market capitalization of $13.09 billion, a P/E ratio of 30.29 and a beta of 1.65.

Celestica (NYSE:CLS) (TSE:CLS) last released its quarterly earnings results on Thursday, April 24th. The technology company reported $1.20 earnings per share for the quarter, beating analysts’ consensus estimates of $1.10 by $0.10. Celestica had a net margin of 4.61% and a return on equity of 23.34%. The company had revenue of $2.65 billion for the quarter, compared to analyst estimates of $2.56 billion. During the same period last year, the firm earned $0.83 earnings per share. The firm’s revenue was up 19.9% on a year-over-year basis. Research analysts expect that Celestica Inc. will post 4.35 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

CLS has been the topic of several research analyst reports. Argus cut their target price on shares of Celestica from $150.00 to $120.00 and set a “buy” rating on the stock in a research note on Tuesday, April 29th. Stifel Nicolaus increased 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. Cibc World Mkts raised shares of Celestica from a “hold” rating to a “strong-buy” rating in a research note on Friday, January 31st. Royal Bank of Canada reissued an “outperform” rating and set a $120.00 target price on shares of Celestica in a research note on Monday, April 28th. Finally, Barclays cut their target price on shares of Celestica from $157.00 to $126.00 and set an “overweight” rating on the stock in a research note on Monday, April 28th. Two equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $109.55.

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.