D Orazio & Associates Inc. Has $578,000 Stock Holdings in Celestica Inc. (NYSE:CLS)

D Orazio & Associates Inc. lessened its position in shares of Celestica Inc. (NYSE:CLS) (TSE:CLS) by 2.6% during the 3rd quarter, HoldingsChannel reports. The fund owned 11,308 shares of the technology company’s stock after selling 296 shares during the quarter. D Orazio & Associates Inc.’s holdings in Celestica were worth $578,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Optimum Investment Advisors lifted its stake in 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 buying an additional 200 shares during the period. Financial Management Professionals Inc. acquired a new position in Celestica in the third quarter valued at about $30,000. UMB Bank n.a. acquired a new position in Celestica in the third quarter valued at about $34,000. Wolff Wiese Magana LLC lifted its stake in Celestica by 32.1% in 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. Finally, Naples Money Management LLC lifted its stake in Celestica by 90.0% in the second quarter. Naples Money Management LLC now owns 950 shares of the technology company’s stock valued at $55,000 after buying an additional 450 shares during the period. Institutional investors and hedge funds own 67.38% of the company’s stock.

Analyst Ratings Changes

CLS has been the topic of several analyst reports. StockNews.com lowered Celestica from a “buy” rating to a “hold” rating in a research note on Friday, August 2nd. TD Cowen increased their target price on 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 lifted their price objective on Celestica from $65.00 to $75.00 and gave the company an “outperform” rating in a report on Thursday, October 24th. Barclays assumed coverage on Celestica in a report on Tuesday, November 5th. They set an “overweight” rating and a $91.00 price objective on the stock. Finally, TD Securities lifted their price objective on Celestica from $68.00 to $70.00 and gave the company a “buy” rating in a report on Thursday, October 24th. Two analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $69.10.

Celestica Stock Up 0.9 %

Celestica stock traded up $0.75 during midday trading on Wednesday, reaching $84.81. The stock had a trading volume of 641,403 shares, compared to its average volume of 2,276,631. The firm’s fifty day simple moving average is $58.42 and its 200-day simple moving average is $55.10. Celestica Inc. has a 1-year low of $25.83 and a 1-year high of $87.99. The stock has a market capitalization of $10.06 billion, a P/E ratio of 26.70 and a beta of 2.24. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.87 and a current ratio of 1.47.

Celestica (NYSE:CLS) (TSE:CLS) last announced its earnings results on Wednesday, October 23rd. The technology company reported $1.04 earnings per share (EPS) for the quarter, beating 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 business had revenue of $2.50 billion for the quarter, compared to analyst estimates of $2.41 billion. During the same quarter last year, the firm earned $0.65 EPS. Celestica’s revenue for the quarter was up 24.8% compared to the same quarter last year. As a group, analysts expect that Celestica Inc. will post 3.44 EPS for the current fiscal year.

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.