B. Riley Wealth Advisors Inc. Sells 5,751 Shares of Celestica Inc. (NYSE:CLS)

B. Riley Wealth Advisors Inc. reduced its holdings in shares of Celestica Inc. (NYSE:CLS - Free Report) TSE: CLS by 26.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 16,350 shares of the technology company's stock after selling 5,751 shares during the period. B. Riley Wealth Advisors Inc.'s holdings in Celestica were worth $1,509,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the business. Mackenzie Financial Corp lifted its position in Celestica by 39.3% during the 4th 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 period. Invst LLC lifted its position in Celestica by 11.7% during the 4th quarter. Invst LLC now owns 11,243 shares of the technology company's stock valued at $1,038,000 after acquiring an additional 1,174 shares during the period. Vise Technologies Inc. lifted its position in Celestica by 100.9% during the 4th quarter. Vise Technologies Inc. now owns 44,564 shares of the technology company's stock valued at $4,113,000 after acquiring an additional 22,387 shares during the period. Castleark Management LLC purchased a new position in Celestica during the 4th quarter valued at about $9,378,000. Finally, Tidal Investments LLC purchased a new position in Celestica during the 4th quarter valued at about $495,000. 67.38% of the stock is owned by hedge funds and other institutional investors.

Celestica Stock Performance

Shares of CLS traded down $0.93 during mid-day trading on Friday, hitting $115.44. 4,389,875 shares of the company traded hands, compared to its average volume of 3,258,045. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.87 and a current ratio of 1.47. The stock has a 50-day moving average price of $92.64 and a two-hundred day moving average price of $98.41. Celestica Inc. has a 1 year low of $40.25 and a 1 year high of $144.27. The stock has a market cap of $13.34 billion, a price-to-earnings ratio of 30.87 and a beta of 1.65.

Celestica (NYSE:CLS - Get Free Report) TSE: CLS last released its quarterly earnings data on Thursday, April 24th. The technology company reported $1.20 earnings per share for the quarter, beating the consensus estimate of $1.10 by $0.10. Celestica had a net margin of 4.61% and a return on equity of 23.34%. The firm had revenue of $2.65 billion during the quarter, compared to analysts' expectations of $2.56 billion. During the same period in the previous year, the company earned $0.83 earnings per share. The firm's quarterly revenue was up 19.9% on a year-over-year basis. Equities analysts anticipate that Celestica Inc. will post 4.35 earnings per share for the current year.

Analyst Ratings Changes

A number of research analysts recently issued reports on CLS shares. BMO Capital Markets reissued an "outperform" rating and set a $130.00 price target (up from $118.00) on shares of Celestica in a research report on Thursday, May 22nd. Cibc World Mkts raised shares of Celestica from a "hold" rating to a "strong-buy" rating in a report on Friday, January 31st. Argus decreased their target price on shares of Celestica from $150.00 to $120.00 and set a "buy" rating for the company in a report on Tuesday, April 29th. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $120.00 target price on shares of Celestica in a report on Monday, April 28th. Finally, JPMorgan Chase & Co. lifted their target price on shares of Celestica from $105.00 to $115.00 and gave the stock an "overweight" rating in a report on Monday, April 28th. Two investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Celestica presently has a consensus rating of "Moderate Buy" and a consensus target price of $114.82.

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.