Raymond James Financial Services Advisors Inc. Sells 26,022 Shares of Celestica Inc. (NYSE:CLS)

Raymond James Financial Services Advisors Inc. lessened its holdings in shares of Celestica Inc. (NYSE:CLS) (TSE:CLS) by 53.6% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 22,554 shares of the technology company’s stock after selling 26,022 shares during the period. Raymond James Financial Services Advisors Inc.’s holdings in Celestica were worth $660,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Clearstead Advisors LLC purchased a new position in shares of Celestica in the 3rd quarter worth about $32,000. Financial Management Professionals Inc. purchased a new position in shares of Celestica in the 3rd quarter worth about $34,000. Covestor Ltd purchased a new position in shares of Celestica in the 3rd quarter worth about $68,000. UniSuper Management Pty Ltd purchased a new position in shares of Celestica in the 2nd quarter worth about $56,000. Finally, Advisor Group Holdings Inc. raised its position in shares of Celestica by 2,775.7% in the 4th quarter. Advisor Group Holdings Inc. now owns 3,911 shares of the technology company’s stock worth $44,000 after purchasing an additional 3,775 shares during the last quarter. Institutional investors own 67.38% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the company. BMO Capital Markets boosted their target price on Celestica from $32.00 to $37.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 31st. Canaccord Genuity Group boosted their target price on Celestica from $32.50 to $38.00 and gave the stock a “buy” rating in a research report on Wednesday, January 31st. Royal Bank of Canada boosted their target price on Celestica from $33.00 to $38.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 31st. CIBC boosted their target price on Celestica from $33.00 to $41.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 31st. Finally, TD Securities boosted their target price on Celestica from $33.00 to $40.00 and gave the stock a “buy” rating in a research report on Wednesday, January 31st. Two research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $33.88.

Celestica Price Performance

NYSE CLS opened at $44.62 on Thursday. Celestica Inc. has a 52 week low of $10.50 and a 52 week high of $51.12. The firm has a market capitalization of $5.32 billion, a P/E ratio of 21.98 and a beta of 2.22. The company has a quick ratio of 0.75, a current ratio of 1.40 and a debt-to-equity ratio of 0.41. The company has a 50-day moving average price of $43.94 and a 200-day moving average price of $33.55.

Celestica (NYSE:CLS) (TSE:CLS) last announced its quarterly earnings data on Monday, January 29th. The technology company reported $0.76 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.68 by $0.08. The company had revenue of $2.14 billion during the quarter, compared to the consensus estimate of $2.08 billion. Celestica had a return on equity of 17.09% and a net margin of 3.07%. Equities research analysts anticipate that Celestica Inc. will post 2.59 earnings per share 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.