Carolina Wealth Advisors LLC Sells 5,371 Shares of Celestica Inc. (NYSE:CLS)

Carolina Wealth Advisors LLC trimmed its stake in shares of Celestica Inc. (NYSE:CLS) (TSE:CLS) by 36.2% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 9,455 shares of the technology company’s stock after selling 5,371 shares during the quarter. Celestica accounts for about 0.5% of Carolina Wealth Advisors LLC’s holdings, making the stock its 27th largest position. Carolina Wealth Advisors LLC’s holdings in Celestica were worth $873,000 as of its most recent filing with the SEC.

A number of other institutional investors have also added to or reduced their stakes in CLS. Optimum Investment Advisors increased 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 valued at $26,000 after buying an additional 200 shares during the period. Truist Financial Corp increased its holdings in Celestica by 2.0% during the 2nd quarter. Truist Financial Corp now owns 11,008 shares of the technology company’s stock worth $631,000 after acquiring an additional 214 shares during the period. Whittier Trust Co. of Nevada Inc. boosted its holdings in Celestica by 26.6% in the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 1,307 shares of the technology company’s stock valued at $67,000 after purchasing an additional 275 shares during the period. Pier Capital LLC grew its position in shares of Celestica by 0.4% during the 3rd quarter. Pier Capital LLC now owns 93,055 shares of the technology company’s stock valued at $4,757,000 after purchasing an additional 335 shares in the last quarter. Finally, Creative Planning increased its holdings in shares of Celestica by 4.7% in the second quarter. Creative Planning now owns 7,526 shares of the technology company’s stock worth $431,000 after purchasing an additional 336 shares during the period. Hedge funds and other institutional investors own 67.38% of the company’s stock.

Wall Street Analyst Weigh In

CLS has been the topic of several recent analyst reports. Canaccord Genuity Group raised their price target on Celestica from $77.00 to $110.00 and gave the company a “buy” rating in a report on Friday, December 20th. Royal Bank of Canada boosted their price target on shares of Celestica from $75.00 to $115.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 8th. Barclays initiated coverage on shares of Celestica in a report on Tuesday, November 5th. They issued an “overweight” rating and a $91.00 price target on the stock. TD Securities upped their target price on shares of Celestica from $68.00 to $70.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. Finally, BMO Capital Markets lifted their price target on Celestica from $64.00 to $72.00 and gave the stock an “outperform” rating in a research note on Thursday, October 24th. Three investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $81.45.

Celestica Price Performance

Shares of CLS opened at $107.43 on Thursday. Celestica Inc. has a fifty-two week low of $26.62 and a fifty-two week high of $108.25. The firm’s 50-day simple moving average is $92.09 and its two-hundred day simple moving average is $67.85. The stock has a market cap of $12.50 billion, a PE ratio of 34.10 and a beta of 2.25. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.87 and a current ratio of 1.47.

Celestica (NYSE:CLS) (TSE:CLS) last released its quarterly earnings data on Wednesday, October 23rd. The technology company reported $1.04 EPS for the quarter, topping the consensus estimate of $0.93 by $0.11. The company had revenue of $2.50 billion during the quarter, compared to the consensus estimate of $2.41 billion. Celestica had a return on equity of 21.58% and a net margin of 4.08%. Celestica’s revenue for the quarter was up 24.8% on a year-over-year basis. During the same period last year, the company earned $0.65 EPS. Analysts anticipate that Celestica Inc. will post 3.44 earnings per share for the current fiscal year.

Insider Activity

In related news, Director Michael Wilson sold 25,000 shares of Celestica stock in a transaction on Monday, January 6th. The stock was sold at an average price of $98.73, for a total value of $2,468,250.00. Following the completion of the sale, the director now owns 1,784 shares of the company’s stock, valued at $176,134.32. The trade was a 93.34 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 1.00% of the stock is owned by corporate insiders.

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.