Carolina Wealth Advisors LLC Has $758,000 Holdings in Celestica Inc. (NYSE:CLS)

Carolina Wealth Advisors LLC cut its holdings in shares of Celestica Inc. (NYSE:CLS) (TSE:CLS) by 7.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 14,826 shares of the technology company’s stock after selling 1,115 shares during the period. Carolina Wealth Advisors LLC’s holdings in Celestica were worth $758,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Optimum Investment Advisors raised its position in shares of Celestica by 66.7% during the third quarter. Optimum Investment Advisors now owns 500 shares of the technology company’s stock worth $26,000 after purchasing an additional 200 shares during the period. UMB Bank n.a. acquired a new stake in Celestica during the 3rd quarter worth approximately $34,000. Wolff Wiese Magana LLC lifted its stake in Celestica by 32.1% in the second quarter. Wolff Wiese Magana LLC now owns 700 shares of the technology company’s stock valued at $40,000 after buying an additional 170 shares in the last quarter. Naples Money Management LLC boosted its holdings in shares of Celestica by 90.0% in the second quarter. Naples Money Management LLC now owns 950 shares of the technology company’s stock valued at $55,000 after buying an additional 450 shares during the period. Finally, Whittier Trust Co. of Nevada Inc. bought a new stake in shares of Celestica during the second quarter worth $59,000. 67.38% of the stock is owned by institutional investors and hedge funds.

Celestica Stock Down 1.7 %

Shares of NYSE:CLS traded down $0.99 during trading on Monday, hitting $56.83. 1,385,016 shares of the company were exchanged, compared to its average volume of 2,228,955. The stock has a market cap of $6.75 billion, a price-to-earnings ratio of 21.57 and a beta of 2.28. The company has a current ratio of 1.47, a quick ratio of 0.86 and a debt-to-equity ratio of 0.49. Celestica Inc. has a fifty-two week low of $20.87 and a fifty-two week high of $64.56. The firm has a fifty day moving average price of $51.54 and a two-hundred day moving average price of $51.88.

Celestica (NYSE:CLS) (TSE:CLS) last posted its quarterly earnings results on Wednesday, July 24th. The technology company reported $0.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.81 by $0.10. Celestica had a net margin of 4.16% and a return on equity of 19.96%. The firm had revenue of $2.39 billion for the quarter, compared to analyst estimates of $2.25 billion. During the same period in the prior year, the firm posted $0.55 earnings per share. The company’s quarterly revenue was up 23.3% compared to the same quarter last year. As a group, research analysts anticipate that Celestica Inc. will post 3.22 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on CLS. StockNews.com lowered shares of Celestica from a “buy” rating to a “hold” rating in a research note on Friday, August 2nd. TD Securities increased their price objective on Celestica from $61.00 to $68.00 and gave the stock a “buy” rating in a report on Wednesday, October 9th. Canaccord Genuity Group boosted their target price on Celestica from $53.00 to $70.00 and gave the company a “buy” rating in a research note on Friday, July 26th. Stifel Nicolaus raised shares of Celestica from a “hold” rating to a “buy” rating and set a $58.00 price target for the company in a research note on Monday, September 9th. Finally, CIBC lifted their price objective on shares of Celestica from $58.00 to $60.00 and gave the company a “neutral” rating in a report on Friday, July 26th. Two investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $61.88.

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.