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

Carolina Wealth Advisors LLC lowered its stake in Celestica Inc. (NYSE:CLS - Free Report) TSE: CLS by 36.2% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 9,455 shares of the technology company's stock after selling 5,371 shares during the period. Celestica makes up 0.5% of Carolina Wealth Advisors LLC's portfolio, making the stock its 27th largest holding. Carolina Wealth Advisors LLC's holdings in Celestica were worth $873,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the stock. Optimum Investment Advisors lifted its holdings in shares of 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 buying an additional 200 shares in the last quarter. Financial Management Professionals Inc. acquired a new position in shares of Celestica in the third quarter valued at about $30,000. UMB Bank n.a. bought a new position in Celestica during the third quarter worth about $34,000. Private Trust Co. NA raised its stake in Celestica by 480.0% in the 3rd quarter. Private Trust Co. NA now owns 870 shares of the technology company's stock worth $44,000 after purchasing an additional 720 shares in the last quarter. Finally, Global Trust Asset Management LLC bought a new stake in Celestica in the 3rd quarter valued at about $51,000. 67.38% of the stock is owned by institutional investors.

Celestica Price Performance

Shares of CLS traded up $3.14 during mid-day trading on Thursday, reaching $110.64. The company had a trading volume of 3,443,665 shares, compared to its average volume of 2,344,526. The company's 50 day simple moving average is $92.09 and its 200 day simple moving average is $67.85. The company has a market capitalization of $12.87 billion, a price-to-earnings ratio of 35.12 and a beta of 2.25. Celestica Inc. has a 1-year low of $26.62 and a 1-year high of $115.52. 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 - Get Free Report) TSE: CLS last issued its earnings results on Wednesday, October 23rd. The technology company reported $1.04 earnings per share for the quarter, beating analysts' consensus estimates of $0.93 by $0.11. The firm had revenue of $2.50 billion for the quarter, compared to analyst estimates of $2.41 billion. Celestica had a net margin of 4.08% and a return on equity of 21.58%. The company's quarterly revenue was up 24.8% on a year-over-year basis. During the same quarter last year, the business posted $0.65 earnings per share. Analysts expect that Celestica Inc. will post 3.44 EPS for the current year.

Insiders Place Their Bets

In other news, Director Michael Wilson sold 25,000 shares of the company's stock in a transaction that occurred 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 transaction, the director now owns 1,784 shares of the company's stock, valued at $176,134.32. This represents a 93.34 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders own 1.00% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the stock. TD Securities lifted their price target on shares of Celestica from $68.00 to $70.00 and gave the company a "buy" rating in a research report on Thursday, October 24th. Stifel Nicolaus lifted their price objective on Celestica from $70.00 to $100.00 and gave the company a "buy" rating in a report on Tuesday, December 10th. TD Cowen upped their target price on Celestica from $68.00 to $70.00 and gave the company a "buy" rating in a research report on Thursday, October 24th. UBS Group started coverage on Celestica in a research report on Friday, November 22nd. They issued a "neutral" rating and a $95.00 price target on the stock. Finally, Canaccord Genuity Group upped their price objective on shares of Celestica from $77.00 to $110.00 and gave the stock a "buy" rating in a research report on Friday, December 20th. Three equities 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, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $81.45.

Celestica Company 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.