D Orazio & Associates Inc. Acquires 1,662 Shares of Celestica Inc. (NYSE:CLS)

D Orazio & Associates Inc. lifted its holdings in Celestica Inc. (NYSE:CLSFree Report) (TSE:CLS) by 17.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,453 shares of the technology company’s stock after buying an additional 1,662 shares during the quarter. D Orazio & Associates Inc.’s holdings in Celestica were worth $335,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Clearstead Advisors LLC purchased a new stake in shares of Celestica in the third quarter worth $32,000. Principal Securities Inc. purchased a new stake in Celestica during the 4th quarter valued at about $42,000. Covestor Ltd bought a new stake in Celestica during the 3rd quarter valued at about $68,000. Blue Trust Inc. raised its holdings in Celestica by 128.6% in the fourth quarter. Blue Trust Inc. now owns 2,460 shares of the technology company’s stock worth $72,000 after buying an additional 1,384 shares during the last quarter. Finally, AJOVista LLC bought a new position in shares of Celestica in the fourth quarter worth approximately $123,000. 67.38% of the stock is currently owned by institutional investors.

Celestica Stock Performance

CLS stock traded up $4.05 during trading on Wednesday, reaching $52.05. The stock had a trading volume of 4,958,279 shares, compared to its average volume of 2,290,204. The firm has a market cap of $6.18 billion, a PE ratio of 19.42 and a beta of 2.25. The company has a current ratio of 1.42, a quick ratio of 0.78 and a debt-to-equity ratio of 0.45. The stock’s 50 day moving average is $45.73 and its two-hundred day moving average is $36.34. Celestica Inc. has a 52 week low of $10.96 and a 52 week high of $52.46.

Analyst Ratings Changes

Several brokerages recently weighed in on CLS. BMO Capital Markets raised their price target on shares of Celestica from $37.00 to $48.00 and gave the company an “outperform” rating in a research report on Monday, April 22nd. StockNews.com lowered Celestica from a “buy” rating to a “hold” rating in a report on Wednesday, February 28th. CIBC reaffirmed a “neutral” rating and set a $49.00 price target (up from $41.00) on shares of Celestica in a report on Friday, April 26th. Fox Advisors assumed coverage on Celestica in a research report on Wednesday. They set an “overweight” rating and a $60.00 price objective on the stock. Finally, Stifel Nicolaus boosted their target price on Celestica from $48.00 to $51.00 and gave the stock a “hold” rating in a research report on Monday. Three investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $44.56.

Get Our Latest Stock Report on Celestica

About Celestica

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Celestica (NYSE:CLS)

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