Celestica Inc. (NYSE:CLS) Shares Sold by B. Riley Wealth Advisors Inc.

B. Riley Wealth Advisors Inc. lessened its holdings in Celestica Inc. (NYSE:CLS) (TSE:CLS) by 2.9% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 22,101 shares of the technology company’s stock after selling 669 shares during the period. B. Riley Wealth Advisors Inc.’s holdings in Celestica were worth $1,132,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Optimum Investment Advisors raised its holdings in shares of Celestica by 66.7% during the 3rd quarter. Optimum Investment Advisors now owns 500 shares of the technology company’s stock valued at $26,000 after buying an additional 200 shares during the period. Financial Management Professionals Inc. purchased a new stake in Celestica during the 3rd quarter worth $30,000. UMB Bank n.a. acquired a new stake in shares of Celestica during the third quarter valued at about $34,000. Private Trust Co. NA increased its position in shares of Celestica by 480.0% during the third quarter. Private Trust Co. NA now owns 870 shares of the technology company’s stock worth $44,000 after acquiring an additional 720 shares during the last quarter. Finally, Global Trust Asset Management LLC purchased a new position in Celestica in the third quarter valued at about $51,000. 67.38% of the stock is owned by hedge funds and other institutional investors.

Celestica Trading Down 1.2 %

Celestica stock opened at $97.83 on Wednesday. The firm has a market capitalization of $11.38 billion, a price-to-earnings ratio of 31.06 and a beta of 2.27. Celestica Inc. has a 52 week low of $26.62 and a 52 week high of $100.51. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.87 and a current ratio of 1.47. The company has a 50 day moving average price of $77.55 and a 200 day moving average price of $61.41.

Celestica (NYSE:CLS) (TSE:CLS) last released its quarterly earnings data on Wednesday, October 23rd. The technology company reported $1.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.93 by $0.11. The business had revenue of $2.50 billion during the quarter, compared to analyst estimates of $2.41 billion. Celestica had a net margin of 4.08% and a return on equity of 21.58%. Celestica’s quarterly revenue was up 24.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.65 EPS. Research analysts forecast that Celestica Inc. will post 3.44 EPS for the current year.

Analysts Set New Price Targets

CLS has been the subject of a number of recent analyst reports. Royal Bank of Canada raised their price target on shares of Celestica from $65.00 to $75.00 and gave the stock an “outperform” rating in a research report on Thursday, October 24th. Barclays assumed coverage on Celestica in a research note on Tuesday, November 5th. They issued an “overweight” rating and a $91.00 price target for the company. BMO Capital Markets upped their price objective on Celestica from $64.00 to $72.00 and gave the company an “outperform” rating in a research note on Thursday, October 24th. TD Securities lifted their target price on Celestica from $68.00 to $70.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. Finally, Stifel Nicolaus increased their target price on shares of Celestica from $70.00 to $100.00 and gave the stock a “buy” rating in a report on Tuesday, December 10th. Three analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $74.18.

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.