Oak Ridge Investments LLC Sells 11,211 Shares of Celestica, Inc. $CLS

Oak Ridge Investments LLC lowered its stake in shares of Celestica, Inc. (NYSE:CLS) (TSE:CLS) by 15.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 63,281 shares of the technology company’s stock after selling 11,211 shares during the period. Celestica accounts for about 1.0% of Oak Ridge Investments LLC’s investment portfolio, making the stock its 18th largest position. Oak Ridge Investments LLC’s holdings in Celestica were worth $15,591,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also added to or reduced their stakes in CLS. MassMutual Private Wealth & Trust FSB raised its stake in Celestica by 42.5% during the third quarter. MassMutual Private Wealth & Trust FSB now owns 124 shares of the technology company’s stock valued at $31,000 after purchasing an additional 37 shares in the last quarter. First Horizon Corp bought a new stake in shares of Celestica during the third quarter worth $31,000. Golden State Wealth Management LLC grew its stake in Celestica by 102.5% in the 2nd quarter. Golden State Wealth Management LLC now owns 164 shares of the technology company’s stock worth $26,000 after acquiring an additional 83 shares in the last quarter. Avion Wealth purchased a new position in Celestica during the 3rd quarter worth $40,000. Finally, McIlrath & Eck LLC lifted its stake in Celestica by 43.3% in the third quarter. McIlrath & Eck LLC now owns 182 shares of the technology company’s stock worth $45,000 after acquiring an additional 55 shares during the period. Hedge funds and other institutional investors own 67.38% of the company’s stock.

Celestica Stock Down 0.0%

Celestica stock opened at $313.52 on Friday. Celestica, Inc. has a 52 week low of $58.05 and a 52 week high of $363.40. The firm has a market cap of $36.07 billion, a price-to-earnings ratio of 50.90 and a beta of 1.87. The business’s 50-day moving average price is $311.14 and its 200 day moving average price is $256.78. The company has a quick ratio of 0.88, a current ratio of 1.47 and a debt-to-equity ratio of 0.37.

Celestica (NYSE:CLS) (TSE:CLS) last issued its quarterly earnings data on Monday, October 27th. The technology company reported $1.58 EPS for the quarter, topping analysts’ consensus estimates of $1.45 by $0.13. The business had revenue of $3.19 billion for the quarter, compared to analysts’ expectations of $3.01 billion. Celestica had a net margin of 6.35% and a return on equity of 30.53%. The business’s revenue was up 27.8% on a year-over-year basis. During the same quarter last year, the company earned $1.04 EPS. As a group, sell-side analysts anticipate that Celestica, Inc. will post 4.35 earnings per share for the current year.

Insiders Place Their Bets

In other news, Director Laurette T. Koellner acquired 6,000 shares of the firm’s stock in a transaction on Thursday, October 30th. The stock was acquired at an average price of $341.67 per share, for a total transaction of $2,050,020.00. Following the completion of the transaction, the director owned 6,000 shares in the company, valued at approximately $2,050,020. The trade was a ∞ increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.52% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on CLS shares. Stifel Nicolaus reissued a “buy” rating and issued a $385.00 price objective (up previously from $230.00) on shares of Celestica in a research note on Wednesday, October 29th. CIBC lifted their price objective on shares of Celestica from $315.00 to $400.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 29th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Celestica in a report on Wednesday, October 8th. BNP Paribas reiterated an “outperform” rating and issued a $300.00 price target on shares of Celestica in a report on Thursday, September 25th. Finally, TD Cowen reissued a “hold” rating and set a $238.00 price target on shares of Celestica in a research report on Friday, October 3rd. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, Celestica presently has an average rating of “Moderate Buy” and an average target price of $336.13.

Celestica Company Profile

Celestica Inc is a multinational electronics manufacturing services (EMS) company that provides design, engineering, manufacturing and supply chain solutions to original equipment manufacturers across a range of industries. Headquartered in Toronto, Ontario, Canada, Celestica works with customers to develop and produce complex electronic and electro-mechanical products, integrating activities from product design and prototyping through high-volume assembly, testing and final system integration.

The company’s service offering typically includes product engineering and design support, printed circuit board assembly, box-build and systems assembly, automated test and inspection, aftermarket repair and refurbishment, and end-to-end supply chain and logistics management.