Charles Schwab Investment Management Inc. Has $19.42 Million Stock Position in Celestica Inc. (NYSE:CLS)

Charles Schwab Investment Management Inc. lowered its position in Celestica Inc. (NYSE:CLS) (TSE:CLS) by 11.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 379,479 shares of the technology company’s stock after selling 47,058 shares during the period. Charles Schwab Investment Management Inc.’s holdings in Celestica were worth $19,420,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in CLS. Cetera Advisors LLC bought a new position in shares of Celestica in the 1st quarter worth $367,000. DekaBank Deutsche Girozentrale bought a new position in shares of Celestica in the first quarter valued at $110,000. SG Americas Securities LLC grew its holdings in shares of Celestica by 276.6% during the second quarter. SG Americas Securities LLC now owns 18,935 shares of the technology company’s stock valued at $1,086,000 after buying an additional 13,907 shares during the last quarter. Roman Butler Fullerton & Co. bought a new stake in shares of Celestica during the second quarter worth about $1,399,000. Finally, Wealth Enhancement Advisory Services LLC acquired a new stake in shares of Celestica in the 2nd quarter worth about $218,000. Institutional investors and hedge funds own 67.38% of the company’s stock.

Celestica Stock Up 3.0 %

Shares of NYSE CLS opened at $94.87 on Friday. The stock has a market capitalization of $11.04 billion, a PE ratio of 30.12 and a beta of 2.27. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.47 and a quick ratio of 0.87. The business’s fifty day moving average price is $72.61 and its 200-day moving average price is $59.85. Celestica Inc. has a one year low of $26.00 and a one year high of $96.00.

Celestica (NYSE:CLS) (TSE:CLS) last announced its quarterly earnings results on Wednesday, October 23rd. The technology company reported $1.04 EPS for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $2.41 billion. During the same period in the prior year, the company posted $0.65 EPS. Celestica’s revenue was up 24.8% compared to the same quarter last year. On average, equities research analysts anticipate that Celestica Inc. will post 3.44 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on CLS. BMO Capital Markets lifted their price target on Celestica from $64.00 to $72.00 and gave the company an “outperform” rating in a research note on Thursday, October 24th. Royal Bank of Canada lifted their target price on Celestica from $65.00 to $75.00 and gave the company an “outperform” rating in a research report on Thursday, October 24th. TD Securities increased their price target on Celestica from $68.00 to $70.00 and gave the company a “buy” rating in a research report on Thursday, October 24th. UBS Group started coverage on shares of Celestica in a report on Friday, November 22nd. They set a “neutral” rating and a $95.00 price objective on the stock. Finally, TD Cowen increased their target price on shares of Celestica from $68.00 to $70.00 and gave the company a “buy” rating in a report on Thursday, October 24th. Three investment 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 presently has an average rating of “Moderate Buy” and an average target price of $71.45.

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.