Celestica Inc. (NYSE:CLS) Shares Sold by Atria Investments Inc

Atria Investments Inc lessened its stake in Celestica Inc. (NYSE:CLS) (TSE:CLS) by 4.1% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 3,924 shares of the technology company’s stock after selling 166 shares during the period. Atria Investments Inc’s holdings in Celestica were worth $201,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Optimum Investment Advisors grew its stake in shares of Celestica by 66.7% in the third quarter. Optimum Investment Advisors now owns 500 shares of the technology company’s stock worth $26,000 after acquiring an additional 200 shares in the last quarter. Financial Management Professionals Inc. purchased a new stake in shares of Celestica during the 3rd quarter worth $30,000. UMB Bank n.a. acquired a new position in shares of Celestica during the third quarter worth $34,000. Wolff Wiese Magana LLC grew its stake in shares of Celestica by 32.1% during the second quarter. Wolff Wiese Magana LLC now owns 700 shares of the technology company’s stock worth $40,000 after purchasing an additional 170 shares in the last quarter. Finally, Naples Money Management LLC grew its stake in shares of Celestica by 90.0% during the second quarter. Naples Money Management LLC now owns 950 shares of the technology company’s stock worth $55,000 after purchasing an additional 450 shares in the last quarter. Institutional investors and hedge funds own 67.38% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on CLS shares. Stifel Nicolaus boosted their target price on shares of Celestica from $58.00 to $70.00 and gave the stock a “buy” rating in a research note on Thursday, October 24th. TD Securities upped their price objective on shares of Celestica from $68.00 to $70.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. Royal Bank of Canada upped their price objective on shares of Celestica from $65.00 to $75.00 and gave the company an “outperform” rating in a research note on Thursday, October 24th. TD Cowen upped their price objective on shares of Celestica from $68.00 to $70.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. Finally, StockNews.com downgraded shares of Celestica from a “buy” rating to a “hold” rating in a research note on Friday, August 2nd. Three research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $71.45.

Celestica Stock Down 2.5 %

Shares of NYSE:CLS opened at $89.16 on Monday. Celestica Inc. has a 12 month low of $25.83 and a 12 month high of $93.15. The company’s 50-day moving average price is $64.95 and its two-hundred day moving average price is $57.29. The company has a quick ratio of 0.87, a current ratio of 1.47 and a debt-to-equity ratio of 0.49. The firm has a market cap of $10.37 billion, a P/E ratio of 28.30 and a beta of 2.24.

Celestica (NYSE:CLS) (TSE:CLS) last announced its earnings results on Wednesday, October 23rd. The technology company reported $1.04 EPS for the quarter, topping the consensus estimate of $0.93 by $0.11. Celestica had a net margin of 4.08% and a return on equity of 21.58%. The firm had revenue of $2.50 billion for the quarter, compared to the consensus estimate of $2.41 billion. During the same period last year, the company posted $0.65 EPS. The business’s quarterly revenue was up 24.8% on a year-over-year basis. As a group, research analysts forecast that Celestica Inc. will post 3.44 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.