Aviance Capital Partners LLC Has $513,000 Position in Celestica Inc. (NYSE:CLS)

Aviance Capital Partners LLC trimmed its stake in Celestica Inc. (NYSE:CLS) (TSE:CLS) by 23.4% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 10,035 shares of the technology company’s stock after selling 3,065 shares during the quarter. Aviance Capital Partners LLC’s holdings in Celestica were worth $513,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. LMR Partners LLP bought a new position in shares of Celestica in the third quarter valued at $5,112,000. Vaughan Nelson Investment Management L.P. acquired a new stake in shares of Celestica in the 3rd quarter worth about $61,210,000. Natixis Advisors LLC lifted its position in Celestica by 1,697.3% in the 3rd quarter. Natixis Advisors LLC now owns 233,485 shares of the technology company’s stock valued at $11,936,000 after acquiring an additional 220,494 shares in the last quarter. Broad Peak Investment Advisers Pte Ltd boosted its stake in Celestica by 53.8% during the 3rd quarter. Broad Peak Investment Advisers Pte Ltd now owns 524,245 shares of the technology company’s stock valued at $26,799,000 after purchasing an additional 183,300 shares during the last quarter. Finally, Plato Investment Management Ltd bought a new stake in Celestica during the 3rd quarter worth approximately $188,000. 67.38% of the stock is owned by institutional investors.

Celestica Stock Performance

NYSE CLS opened at $86.75 on Wednesday. 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 company has a market capitalization of $10.29 billion, a PE ratio of 27.54 and a beta of 2.24. Celestica Inc. has a 52-week low of $25.83 and a 52-week high of $87.99. The company has a 50-day simple moving average of $62.33 and a 200 day simple moving average of $56.48.

Celestica (NYSE:CLS) (TSE:CLS) last issued its quarterly earnings results on Wednesday, October 23rd. The technology company reported $1.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.93 by $0.11. Celestica had a net margin of 4.08% and a return on equity of 21.58%. The company had revenue of $2.50 billion during the quarter, compared to analyst estimates of $2.41 billion. During the same quarter last year, the business posted $0.65 EPS. Celestica’s quarterly revenue was up 24.8% compared to the same quarter last year. On average, research analysts predict that Celestica Inc. will post 3.44 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on CLS shares. BMO Capital Markets raised their target price on Celestica from $64.00 to $72.00 and gave the company an “outperform” rating in a report on Thursday, October 24th. TD Securities raised their price objective on Celestica from $68.00 to $70.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. Canaccord Genuity Group upped their target price on shares of Celestica from $53.00 to $70.00 and gave the stock a “buy” rating in a research note on Friday, July 26th. TD Cowen raised their price target on shares of Celestica from $68.00 to $70.00 and gave the company a “buy” rating in a research report on Thursday, October 24th. Finally, CIBC upped their price objective on shares of Celestica from $58.00 to $60.00 and gave the stock a “neutral” rating in a research report on Friday, July 26th. Two investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $69.10.

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.