Raymond James & Associates Has $1.40 Million Position in Celestica Inc. (NYSE:CLS)

Raymond James & Associates increased its holdings in shares of Celestica Inc. (NYSE:CLS) (TSE:CLS) by 41.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 47,757 shares of the technology company’s stock after acquiring an additional 14,072 shares during the quarter. Raymond James & Associates’ holdings in Celestica were worth $1,398,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. CloudAlpha Capital Management Limited Hong Kong acquired a new position in shares of Celestica during the 3rd quarter worth approximately $1,422,000. Jetstream Capital LLC acquired a new position in shares of Celestica during the 3rd quarter worth approximately $2,452,000. American Century Companies Inc. increased its holdings in shares of Celestica by 82.4% during the 3rd quarter. American Century Companies Inc. now owns 374,693 shares of the technology company’s stock worth $9,170,000 after acquiring an additional 169,277 shares during the last quarter. Financial Management Professionals Inc. acquired a new position in shares of Celestica during the 3rd quarter worth approximately $34,000. Finally, Vanguard Group Inc. grew its holdings in Celestica by 1.3% in the 3rd quarter. Vanguard Group Inc. now owns 3,704,369 shares of the technology company’s stock valued at $90,831,000 after buying an additional 47,619 shares in the last quarter. 67.38% of the stock is owned by institutional investors and hedge funds.

Celestica Stock Performance

NYSE:CLS opened at $40.73 on Friday. The stock has a fifty day moving average price of $44.10 and a 200-day moving average price of $33.74. The company has a market cap of $4.86 billion, a price-to-earnings ratio of 20.06 and a beta of 2.22. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.75 and a current ratio of 1.40. Celestica Inc. has a fifty-two week low of $10.50 and a fifty-two week high of $51.12.

Celestica (NYSE:CLS) (TSE:CLS) last announced its quarterly earnings data on Monday, January 29th. The technology company reported $0.76 earnings per share for the quarter, topping the consensus estimate of $0.68 by $0.08. Celestica had a return on equity of 17.09% and a net margin of 3.07%. The business had revenue of $2.14 billion during the quarter, compared to the consensus estimate of $2.08 billion. As a group, equities analysts anticipate that Celestica Inc. will post 2.59 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have commented on the company. StockNews.com lowered Celestica from a “buy” rating to a “hold” rating in a report on Wednesday, February 28th. TD Securities upped their price objective on Celestica from $33.00 to $40.00 and gave the company a “buy” rating in a report on Wednesday, January 31st. Canaccord Genuity Group upped their price objective on Celestica from $32.50 to $38.00 and gave the company a “buy” rating in a report on Wednesday, January 31st. CIBC upped their price objective on Celestica from $33.00 to $41.00 and gave the company an “outperform” rating in a report on Wednesday, January 31st. Finally, BMO Capital Markets upped their price objective on Celestica from $32.00 to $37.00 and gave the company an “outperform” rating in a report on Wednesday, January 31st. Two research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $33.88.

Celestica Company 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.