Celestica Inc. (NYSE:CLS) Shares Sold by Ritholtz Wealth Management

Ritholtz Wealth Management lessened its holdings in shares of Celestica Inc. (NYSE:CLS - Free Report) TSE: CLS by 8.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 86,950 shares of the technology company's stock after selling 8,060 shares during the period. Ritholtz Wealth Management owned approximately 0.07% of Celestica worth $8,025,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the business. Optimum Investment Advisors increased its stake in 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 purchasing an additional 200 shares in the last quarter. Financial Management Professionals Inc. purchased a new stake in shares of Celestica during the third quarter valued at $30,000. UMB Bank n.a. acquired a new position in shares of Celestica in the 3rd quarter valued at $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 acquiring an additional 720 shares during the last quarter. Finally, Global Trust Asset Management LLC purchased a new position in Celestica in the 3rd quarter worth $51,000. Institutional investors and hedge funds own 67.38% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the company. Canaccord Genuity Group increased their price objective on Celestica from $77.00 to $110.00 and gave the company a "buy" rating in a report on Friday, December 20th. Barclays began coverage on shares of Celestica in a report on Tuesday, November 5th. They issued an "overweight" rating and a $91.00 price target on the stock. TD Securities lifted their price objective on shares of Celestica from $68.00 to $70.00 and gave the company a "buy" rating in a research note on Thursday, October 24th. UBS Group began coverage on shares of Celestica in a research note on Friday, November 22nd. They issued a "neutral" rating and a $95.00 price objective on the stock. Finally, BMO Capital Markets raised their target price on shares of Celestica from $64.00 to $72.00 and gave the stock an "outperform" rating in a report on Thursday, October 24th. Three research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, Celestica has a consensus rating of "Moderate Buy" and a consensus price target of $81.45.

Celestica Stock Performance

CLS traded up $2.48 on Friday, reaching $113.20. The stock had a trading volume of 2,648,216 shares, compared to its average volume of 2,403,307. The business's 50-day moving average price is $92.60 and its two-hundred day moving average price is $68.15. The company has a market cap of $13.17 billion, a P/E ratio of 35.94 and a beta of 2.25. Celestica Inc. has a 12-month low of $27.88 and a 12-month high of $115.52. 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 announced its quarterly earnings results on Wednesday, October 23rd. The technology company reported $1.04 earnings per share for the quarter, beating the consensus estimate of $0.93 by $0.11. The firm had revenue of $2.50 billion during the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.65 EPS. Sell-side analysts forecast that Celestica Inc. will post 3.44 earnings per share for the current year.

Insider Activity

In other Celestica news, Director Michael Wilson sold 25,000 shares of the company's stock in a transaction on Monday, January 6th. The shares were sold at an average price of $98.73, for a total transaction of $2,468,250.00. Following the completion of the transaction, the director now directly owns 1,784 shares in the company, valued at approximately $176,134.32. This represents a 93.34 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 1.00% of the company's stock.

About Celestica

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.