B. Riley Wealth Advisors Inc. Acquires 1,800 Shares of Celestica Inc. (NYSE:CLS)

B. Riley Wealth Advisors Inc. increased its holdings in shares of Celestica Inc. (NYSE:CLS) (TSE:CLS) by 12.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 16,529 shares of the technology company’s stock after buying an additional 1,800 shares during the period. B. Riley Wealth Advisors Inc.’s holdings in Celestica were worth $484,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Principal Securities Inc. acquired a new position in shares of Celestica during the fourth quarter worth $42,000. Covestor Ltd acquired a new position in Celestica during the 3rd quarter worth about $68,000. Blue Trust Inc. grew its position in shares of Celestica by 128.6% in the 4th quarter. Blue Trust Inc. now owns 2,460 shares of the technology company’s stock valued at $72,000 after buying an additional 1,384 shares during the last quarter. AJOVista LLC acquired a new stake in shares of Celestica in the fourth quarter valued at about $123,000. Finally, Tucker Asset Management LLC bought a new position in shares of Celestica during the fourth quarter worth about $151,000. 67.38% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several brokerages recently commented on CLS. Stifel Nicolaus upped their target price on Celestica from $48.00 to $51.00 and gave the company a “hold” rating in a report on Monday, May 13th. BMO Capital Markets lifted their target price on shares of Celestica from $53.00 to $63.00 and gave the stock an “outperform” rating in a research note on Monday, June 17th. Royal Bank of Canada upped their price target on shares of Celestica from $47.00 to $53.00 and gave the company an “outperform” rating in a research report on Sunday, April 28th. CIBC lifted their price objective on Celestica from $49.00 to $58.00 and gave the stock a “neutral” rating in a research report on Monday, May 27th. Finally, StockNews.com lowered Celestica from a “buy” rating to a “hold” rating in a research report on Friday, May 24th. Three research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, Celestica has an average rating of “Moderate Buy” and an average price target of $47.22.

Celestica Stock Performance

Shares of CLS opened at $55.91 on Monday. Celestica Inc. has a one year low of $13.51 and a one year high of $61.06. The company has a market cap of $6.64 billion, a PE ratio of 20.86 and a beta of 2.28. The stock has a 50-day moving average of $50.87 and a 200-day moving average of $42.01. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.42 and a quick ratio of 0.78.

Celestica (NYSE:CLS) (TSE:CLS) last announced its quarterly earnings data on Wednesday, April 24th. The technology company reported $0.66 EPS for the quarter, beating analysts’ consensus estimates of $0.64 by $0.02. The firm had revenue of $2.21 billion during the quarter, compared to analysts’ expectations of $2.10 billion. Celestica had a return on equity of 18.25% and a net margin of 3.86%. On average, equities research analysts predict that Celestica Inc. will post 2.87 EPS for the current fiscal year.

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.