HighTower Advisors LLC Has $622,000 Stock Holdings in Celestica Inc. (NYSE:CLS)

HighTower Advisors LLC reduced its holdings in shares of Celestica Inc. (NYSE:CLS) (TSE:CLS) by 66.2% during the 3rd quarter, Holdings Channel.com reports. The fund owned 12,236 shares of the technology company’s stock after selling 24,018 shares during the period. HighTower Advisors LLC’s holdings in Celestica were worth $622,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Optimum Investment Advisors lifted its stake in 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. Truist Financial Corp lifted its position in shares of 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 buying an additional 214 shares during the period. Whittier Trust Co. of Nevada Inc. lifted its position in shares of Celestica by 26.6% during the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 1,307 shares of the technology company’s stock worth $67,000 after buying an additional 275 shares during the period. Creative Planning boosted its stake in Celestica by 4.7% in the 2nd quarter. Creative Planning now owns 7,526 shares of the technology company’s stock valued at $431,000 after buying an additional 336 shares in the last quarter. Finally, Cerity Partners LLC grew its position in Celestica by 3.2% in the third quarter. Cerity Partners LLC now owns 10,772 shares of the technology company’s stock valued at $551,000 after acquiring an additional 338 shares during the period. Institutional investors own 67.38% of the company’s stock.

Analysts Set New Price Targets

CLS has been the subject of a number of analyst reports. Barclays initiated coverage on Celestica in a report on Tuesday, November 5th. They set an “overweight” rating and a $91.00 price objective for the company. Royal Bank of Canada boosted their price target on shares of Celestica from $65.00 to $75.00 and gave the company an “outperform” rating in a research report on Thursday, October 24th. UBS Group began coverage on shares of Celestica in a report on Friday, November 22nd. They set a “neutral” rating and a $95.00 price objective for the company. TD Cowen lifted their target price on shares of Celestica from $68.00 to $70.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. Finally, Stifel Nicolaus increased their price target on Celestica from $70.00 to $100.00 and gave the stock a “buy” rating in a research report on Tuesday, December 10th. Three investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $74.18.

Celestica Stock Up 1.0 %

NYSE:CLS opened at $93.05 on Friday. The company has a market cap of $10.83 billion, a price-to-earnings ratio of 29.54 and a beta of 2.27. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.87 and a current ratio of 1.47. The stock’s fifty day moving average price is $79.71 and its two-hundred day moving average price is $62.14. Celestica Inc. has a 52-week low of $26.62 and a 52-week high of $100.51.

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. The business had revenue of $2.50 billion for the quarter, compared to analyst estimates 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 in the prior year, the firm posted $0.65 earnings per share. On average, analysts anticipate that Celestica Inc. will post 3.44 EPS for the current year.

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.