Charles Schwab Investment Management Inc. Sells 47,058 Shares of Celestica Inc. (NYSE:CLS)

Charles Schwab Investment Management Inc. lessened its position in Celestica Inc. (NYSE:CLS - Free Report) TSE: CLS by 11.0% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 379,479 shares of the technology company's stock after selling 47,058 shares during the period. Charles Schwab Investment Management Inc. owned about 0.32% of Celestica worth $19,420,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the company. Cetera Advisors LLC acquired a new position in shares of Celestica in the first quarter valued at $367,000. DekaBank Deutsche Girozentrale bought a new position in Celestica in the 1st quarter valued at about $110,000. SG Americas Securities LLC lifted its position in Celestica by 276.6% during the second quarter. SG Americas Securities LLC now owns 18,935 shares of the technology company's stock worth $1,086,000 after acquiring an additional 13,907 shares during the last quarter. Roman Butler Fullerton & Co. bought a new stake in shares of Celestica during the second quarter worth approximately $1,399,000. Finally, Wealth Enhancement Advisory Services LLC acquired a new position in shares of Celestica in the second quarter valued at approximately $218,000. 67.38% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts recently weighed in on the company. Royal Bank of Canada lifted their price target on Celestica from $65.00 to $75.00 and gave the stock an "outperform" rating in a report on Thursday, October 24th. UBS Group initiated coverage on shares of Celestica in a research note on Friday, November 22nd. They issued a "neutral" rating and a $95.00 price target on the stock. TD Securities lifted their price objective on shares of Celestica from $68.00 to $70.00 and gave the stock a "buy" rating in a research note on Thursday, October 24th. Barclays began coverage on shares of Celestica in a research report on Tuesday, November 5th. They set an "overweight" rating and a $91.00 target price on the stock. Finally, Stifel Nicolaus lifted their price target on shares of Celestica from $58.00 to $70.00 and gave the company a "buy" rating in a research report on Thursday, October 24th. Three research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $71.45.

Celestica Price Performance

NYSE:CLS traded up $2.78 on Friday, hitting $94.86. The company had a trading volume of 2,271,641 shares, compared to its average volume of 2,344,185. The firm has a 50 day moving average of $72.61 and a two-hundred day moving average of $59.90. The stock has a market capitalization of $11.04 billion, a price-to-earnings ratio of 30.11 and a beta of 2.27. Celestica Inc. has a 52 week low of $26.00 and a 52 week high of $96.00. The company has a current ratio of 1.47, a quick ratio of 0.87 and a debt-to-equity ratio of 0.49.

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 (EPS) for the quarter, topping analysts' consensus estimates of $0.93 by $0.11. The business 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 business'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 earned $0.65 EPS. On average, research analysts anticipate that Celestica Inc. will post 3.44 earnings per share for the current year.

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.