Carolina Wealth Advisors LLC Decreases Holdings in Celestica, Inc. (NYSE:CLS)

Carolina Wealth Advisors LLC trimmed its holdings in shares of Celestica, Inc. (NYSE:CLS - Free Report) TSE: CLS by 59.6% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 3,820 shares of the technology company's stock after selling 5,635 shares during the period. Carolina Wealth Advisors LLC's holdings in Celestica were worth $301,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Consolidated Planning Corp purchased a new position in Celestica in the 1st quarter worth about $3,361,000. Raymond James Financial Inc. bought a new stake in Celestica in the 4th quarter worth approximately $47,685,000. Schechter Investment Advisors LLC bought a new position in shares of Celestica during the 4th quarter valued at $294,000. Summerhill Capital Management lnc. bought a new stake in shares of Celestica in the first quarter worth $2,283,000. Finally, Mackenzie Financial Corp increased its position in Celestica by 39.3% during the fourth quarter. Mackenzie Financial Corp now owns 761,084 shares of the technology company's stock valued at $70,164,000 after acquiring an additional 214,872 shares during the last quarter. Institutional investors own 67.38% of the company's stock.

Celestica Price Performance

CLS stock traded down $7.31 during trading on Tuesday, reaching $148.80. The company's stock had a trading volume of 4,663,805 shares, compared to its average volume of 3,353,017. The company has a quick ratio of 0.85, a current ratio of 1.43 and a debt-to-equity ratio of 0.59. The company's fifty day moving average is $115.29 and its 200-day moving average is $105.15. The company has a market capitalization of $17.11 billion, a P/E ratio of 40.99 and a beta of 1.74. Celestica, Inc. has a 1 year low of $40.25 and a 1 year high of $157.35.

Celestica (NYSE:CLS - Get Free Report) TSE: CLS last released its earnings results on Thursday, April 24th. The technology company reported $1.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.10 by $0.10. Celestica had a return on equity of 25.57% and a net margin of 4.26%. The firm had revenue of $2.65 billion during the quarter, compared to analysts' expectations of $2.56 billion. During the same quarter last year, the business posted $0.83 earnings per share. The firm's revenue was up 19.9% on a year-over-year basis. On average, research analysts expect that Celestica, Inc. will post 4.35 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on CLS. JPMorgan Chase & Co. raised their target price on Celestica from $105.00 to $115.00 and gave the stock an "overweight" rating in a research report on Monday, April 28th. Royal Bank Of Canada reissued an "outperform" rating and issued a $120.00 price objective on shares of Celestica in a report on Monday, April 28th. Barclays reaffirmed an "overweight" rating and set a $146.00 target price (up from $126.00) on shares of Celestica in a report on Tuesday, June 10th. CIBC decreased their price target on shares of Celestica from $150.00 to $120.00 and set an "outperformer" rating on the stock in a research report on Tuesday, April 15th. Finally, Wall Street Zen downgraded shares of Celestica from a "buy" rating to a "hold" rating in a research report on Thursday, May 22nd. Two analysts have rated the stock with a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Buy" and a consensus target price of $116.64.

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.