D Orazio & Associates Inc. Has $578,000 Holdings in Celestica Inc. (NYSE:CLS)

D Orazio & Associates Inc. trimmed its position in Celestica Inc. (NYSE:CLS) (TSE:CLS) by 2.6% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,308 shares of the technology company’s stock after selling 296 shares during the quarter. D Orazio & Associates Inc.’s holdings in Celestica were worth $578,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Westover Capital Advisors LLC raised its stake in shares of Celestica by 20.9% in the second quarter. Westover Capital Advisors LLC now owns 21,776 shares of the technology company’s stock valued at $1,248,000 after purchasing an additional 3,764 shares in the last quarter. Rockingstone Advisors LLC acquired a new position in shares of Celestica in the second quarter valued at $2,442,000. Harbor Capital Advisors Inc. grew its position in Celestica by 52.7% in the third quarter. Harbor Capital Advisors Inc. now owns 61,478 shares of the technology company’s stock valued at $3,143,000 after acquiring an additional 21,228 shares during the period. Van ECK Associates Corp grew its position in Celestica by 40.0% in the third quarter. Van ECK Associates Corp now owns 67,266 shares of the technology company’s stock valued at $3,439,000 after acquiring an additional 19,221 shares during the period. Finally, Forte Capital LLC ADV grew its position in Celestica by 1,034.9% in the third quarter. Forte Capital LLC ADV now owns 118,691 shares of the technology company’s stock valued at $6,067,000 after acquiring an additional 108,233 shares during the period. 67.38% of the stock is currently owned by institutional investors and hedge funds.

Celestica Price Performance

Shares of CLS stock traded up $0.75 during trading hours on Wednesday, hitting $84.81. 641,403 shares of the company’s stock were exchanged, compared to its average volume of 2,276,631. The stock’s 50-day moving average is $58.42 and its 200-day moving average is $55.10. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.47 and a quick ratio of 0.87. The stock has a market cap of $10.06 billion, a price-to-earnings ratio of 26.70 and a beta of 2.24. Celestica Inc. has a 52 week low of $25.83 and a 52 week high of $87.99.

Celestica (NYSE:CLS) (TSE:CLS) last issued its quarterly earnings results 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. Celestica had a return on equity of 21.58% and a net margin of 4.08%. The business had revenue of $2.50 billion for the quarter, compared to analyst estimates of $2.41 billion. During the same quarter in the prior year, the firm posted $0.65 earnings per share. The firm’s revenue for the quarter was up 24.8% compared to the same quarter last year. As a group, research analysts forecast that Celestica Inc. will post 3.44 EPS for the current year.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the company. StockNews.com cut Celestica from a “buy” rating to a “hold” rating in a research report on Friday, August 2nd. BMO Capital Markets upped their price target on Celestica from $64.00 to $72.00 and gave the company an “outperform” rating in a research report on Thursday, October 24th. Barclays assumed coverage on Celestica in a research report on Tuesday, November 5th. They issued an “overweight” rating and a $91.00 price target on the stock. CIBC upped their price target on Celestica from $58.00 to $60.00 and gave the company a “neutral” rating in a research report on Friday, July 26th. Finally, TD Cowen upped their price target on Celestica from $68.00 to $70.00 and gave the company a “buy” rating in a research report on Thursday, October 24th. Two research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $69.10.

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.