Independent Advisor Alliance Increases Holdings in Celestica Inc. (NYSE:CLS)

Independent Advisor Alliance boosted its position in shares of Celestica Inc. (NYSE:CLS - Free Report) TSE: CLS by 39.5% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 29,509 shares of the technology company's stock after acquiring an additional 8,359 shares during the quarter. Independent Advisor Alliance's holdings in Celestica were worth $1,508,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of CLS. Optimum Investment Advisors grew its position in shares of Celestica by 66.7% during the 3rd quarter. Optimum Investment Advisors now owns 500 shares of the technology company's stock valued at $26,000 after acquiring an additional 200 shares during the period. Financial Management Professionals Inc. purchased a new stake in Celestica in the third quarter worth about $30,000. UMB Bank n.a. bought a new position in shares of Celestica in the third quarter worth about $34,000. Wolff Wiese Magana LLC lifted its position in shares of Celestica by 32.1% during the 2nd quarter. Wolff Wiese Magana LLC now owns 700 shares of the technology company's stock valued at $40,000 after buying an additional 170 shares in the last quarter. Finally, Global Trust Asset Management LLC bought a new position in shares of Celestica during the 3rd quarter valued at approximately $51,000. Institutional investors own 67.38% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have weighed in on CLS shares. Royal Bank of Canada upped their price target on shares of Celestica from $65.00 to $75.00 and gave the stock an "outperform" rating in a research report on Thursday, October 24th. StockNews.com cut Celestica from a "buy" rating to a "hold" rating in a report on Friday, August 2nd. BMO Capital Markets boosted their target price on Celestica from $64.00 to $72.00 and gave the stock an "outperform" rating in a research report on Thursday, October 24th. UBS Group initiated coverage on Celestica in a research note on Friday, November 22nd. They issued a "neutral" rating and a $95.00 price objective on the stock. Finally, Stifel Nicolaus increased their target price on Celestica from $58.00 to $70.00 and gave the company a "buy" rating in a research report on Thursday, October 24th. Three equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company's stock. Based on data from MarketBeat, Celestica presently has an average rating of "Moderate Buy" and a consensus price target of $71.45.

Celestica Trading Down 4.0 %

Celestica stock traded down $3.51 during midday trading on Wednesday, reaching $83.16. The stock had a trading volume of 3,866,664 shares, compared to its average volume of 2,302,662. 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 firm has a market cap of $9.68 billion, a price-to-earnings ratio of 25.86 and a beta of 2.24. Celestica Inc. has a 52-week low of $25.83 and a 52-week high of $93.15. The company has a fifty day moving average of $66.53 and a 200 day moving average of $57.88.

Celestica (NYSE:CLS - Get Free Report) 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, topping analysts' consensus estimates of $0.93 by $0.11. Celestica had a return on equity of 21.58% and a net margin of 4.08%. The firm had revenue of $2.50 billion during the quarter, compared to analyst estimates of $2.41 billion. During the same period last year, the company earned $0.65 EPS. Celestica's quarterly revenue was up 24.8% compared to the same quarter last year. On average, analysts anticipate that Celestica Inc. will post 3.44 earnings per share for the current fiscal 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.