Oppenheimer & Co. Inc. Has $592,000 Holdings in Celestica Inc. (NYSE:CLS)

Oppenheimer & Co. Inc. lessened its stake in shares of Celestica Inc. (NYSE:CLS) (TSE:CLS) by 67.6% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 11,576 shares of the technology company’s stock after selling 24,199 shares during the period. Oppenheimer & Co. Inc.’s holdings in Celestica were worth $592,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Optimum Investment Advisors lifted its stake in shares of Celestica by 66.7% in 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 in the last quarter. Financial Management Professionals Inc. purchased a new position in Celestica in the third quarter worth $30,000. UMB Bank n.a. purchased a new stake in shares of Celestica during the 3rd quarter valued at $34,000. Wolff Wiese Magana LLC boosted its holdings in shares of Celestica by 32.1% in the 2nd quarter. Wolff Wiese Magana LLC now owns 700 shares of the technology company’s stock worth $40,000 after buying an additional 170 shares during the last quarter. Finally, Global Trust Asset Management LLC bought a new stake in Celestica in the third quarter worth about $51,000. Institutional investors own 67.38% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently commented on CLS. TD Securities lifted their price target on shares of Celestica from $68.00 to $70.00 and gave the stock a “buy” rating in a report on Thursday, October 24th. Barclays began coverage on shares of Celestica in a report on Tuesday, November 5th. They set an “overweight” rating and a $91.00 price objective on the stock. Stifel Nicolaus upped their price target on shares of Celestica from $58.00 to $70.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. Canaccord Genuity Group raised their price objective on shares of Celestica from $53.00 to $70.00 and gave the company a “buy” rating in a research report on Friday, July 26th. Finally, StockNews.com lowered Celestica from a “buy” rating to a “hold” rating in a report on Friday, August 2nd. Two research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat, Celestica presently has an average rating of “Moderate Buy” and a consensus target price of $69.10.

Celestica Stock Performance

NYSE:CLS opened at $86.96 on Thursday. The firm’s fifty day simple moving average is $63.16 and its 200 day simple moving average is $56.69. Celestica Inc. has a twelve month low of $25.83 and a twelve month high of $88.68. The company has a quick ratio of 0.87, a current ratio of 1.47 and a debt-to-equity ratio of 0.49. The stock has a market cap of $10.31 billion, a P/E ratio of 27.61 and a beta of 2.24.

Celestica (NYSE:CLS) (TSE:CLS) last released its earnings results on Wednesday, October 23rd. The technology company reported $1.04 EPS for the quarter, beating analysts’ consensus estimates of $0.93 by $0.11. The company had revenue of $2.50 billion during the quarter, compared to analysts’ expectations of $2.41 billion. Celestica had a return on equity of 21.58% and a net margin of 4.08%. The firm’s revenue for the quarter was up 24.8% compared to the same quarter last year. During the same quarter last year, the business posted $0.65 EPS. As a group, research analysts predict that Celestica Inc. will post 3.44 EPS for the current year.

About Celestica

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.