Trek Financial LLC lowered its stake in shares of Celestica, Inc. (NYSE:CLS – Free Report) (TSE:CLS) by 85.7% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,700 shares of the technology company’s stock after selling 10,183 shares during the period. Trek Financial LLC’s holdings in Celestica were worth $503,000 as of its most recent SEC filing.
A number of other institutional investors also recently modified their holdings of the stock. Valeo Financial Advisors LLC boosted its stake in shares of Celestica by 3.2% during the 4th quarter. Valeo Financial Advisors LLC now owns 4,874 shares of the technology company’s stock valued at $1,441,000 after buying an additional 150 shares during the period. Buck Wealth Strategies LLC lifted its stake in shares of Celestica by 6.3% in the 4th quarter. Buck Wealth Strategies LLC now owns 4,189 shares of the technology company’s stock valued at $1,238,000 after purchasing an additional 250 shares during the last quarter. Sequoia Financial Advisors LLC lifted its stake in shares of Celestica by 45.2% in the 4th quarter. Sequoia Financial Advisors LLC now owns 4,201 shares of the technology company’s stock valued at $1,242,000 after purchasing an additional 1,308 shares during the last quarter. Plan Group Financial LLC acquired a new stake in shares of Celestica in the 4th quarter valued at $231,000. Finally, Ponta Wealth Partners LLC acquired a new stake in shares of Celestica in the 4th quarter valued at $578,000. Institutional investors and hedge funds own 67.38% of the company’s stock.
Celestica Stock Performance
Shares of CLS opened at $372.31 on Thursday. The company has a market capitalization of $42.80 billion, a PE ratio of 45.02, a price-to-earnings-growth ratio of 0.87 and a beta of 2.09. Celestica, Inc. has a one year low of $108.96 and a one year high of $435.00. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.26 and a quick ratio of 0.73. The company’s fifty day moving average price is $328.19 and its 200 day moving average price is $315.49.
Analysts Set New Price Targets
Several equities research analysts recently issued reports on the stock. Zacks Research lowered shares of Celestica from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 6th. Citigroup lifted their price objective on shares of Celestica from $338.00 to $415.00 and gave the company a “buy” rating in a research note on Wednesday, April 29th. TD lifted their price objective on shares of Celestica from $330.00 to $350.00 and gave the company a “hold” rating in a research note on Monday, April 20th. Canaccord Genuity Group lifted their price objective on shares of Celestica from $400.00 to $430.00 and gave the company a “buy” rating in a research note on Monday, February 2nd. Finally, Stifel Nicolaus set a $445.00 price objective on shares of Celestica in a research note on Tuesday, April 28th. One analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Celestica presently has an average rating of “Moderate Buy” and an average price target of $427.42.
Get Our Latest Stock Report on Celestica
Celestica Profile
Celestica Inc is a multinational electronics manufacturing services (EMS) company that provides design, engineering, manufacturing and supply chain solutions to original equipment manufacturers across a range of industries. Headquartered in Toronto, Ontario, Canada, Celestica works with customers to develop and produce complex electronic and electro-mechanical products, integrating activities from product design and prototyping through high-volume assembly, testing and final system integration.
The company’s service offering typically includes product engineering and design support, printed circuit board assembly, box-build and systems assembly, automated test and inspection, aftermarket repair and refurbishment, and end-to-end supply chain and logistics management.
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