Oppenheimer & Co. Inc. Sells 24,199 Shares of Celestica Inc. (NYSE:CLS)

Oppenheimer & Co. Inc. trimmed its holdings in Celestica Inc. (NYSE:CLS - Free Report) TSE: CLS by 67.6% in the third quarter, according to the company in its most recent filing with the SEC. The fund owned 11,576 shares of the technology company's stock after selling 24,199 shares during the quarter. Oppenheimer & Co. Inc.'s holdings in Celestica were worth $592,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Wolff Wiese Magana LLC boosted its position in Celestica by 32.1% during the second 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 during the period. Optimum Investment Advisors increased its position in shares of Celestica by 66.7% in the third 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. Truist Financial Corp raised its stake in shares of Celestica by 2.0% during the second quarter. Truist Financial Corp now owns 11,008 shares of the technology company's stock valued at $631,000 after acquiring an additional 214 shares during the last quarter. Whittier Trust Co. of Nevada Inc. boosted its holdings in shares of Celestica by 26.6% during the third quarter. Whittier Trust Co. of Nevada Inc. now owns 1,307 shares of the technology company's stock worth $67,000 after purchasing an additional 275 shares during the period. Finally, Creative Planning grew its stake in shares of Celestica by 4.7% in the second quarter. Creative Planning now owns 7,526 shares of the technology company's stock worth $431,000 after purchasing an additional 336 shares during the last quarter. Hedge funds and other institutional investors own 67.38% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on CLS shares. CIBC boosted their target price on Celestica from $58.00 to $60.00 and gave the company a "neutral" rating in a research note on Friday, July 26th. TD Securities 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. 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. StockNews.com lowered Celestica from a "buy" rating to a "hold" rating in a research report on Friday, August 2nd. Finally, Canaccord Genuity Group increased their price objective on Celestica from $53.00 to $70.00 and gave the stock a "buy" rating in a report on Friday, July 26th. Two equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $69.10.

Celestica Stock Performance

CLS stock opened at $86.96 on Thursday. The stock has a market capitalization of $10.31 billion, a PE ratio of 27.61 and a beta of 2.24. The stock's 50 day simple moving average is $63.16 and its 200 day simple moving average is $56.69. Celestica Inc. has a 12-month low of $25.83 and a 12-month high of $88.68. 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 released its quarterly earnings data on Wednesday, October 23rd. The technology company reported $1.04 EPS for the quarter, topping the consensus estimate of $0.93 by $0.11. The company had revenue of $2.50 billion during the quarter, compared to the consensus estimate of $2.41 billion. Celestica had a return on equity of 21.58% and a net margin of 4.08%. Celestica's revenue for the quarter was up 24.8% on a year-over-year basis. During the same period last year, the company earned $0.65 EPS. As a group, research analysts forecast that Celestica Inc. will post 3.44 earnings per share for the current fiscal 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.