Celestica Inc. (NYSE:CLS) Shares Purchased by Blue Trust Inc.

Blue Trust Inc. grew its position in Celestica Inc. (NYSE:CLS) (TSE:CLS) by 422.8% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 7,314 shares of the technology company’s stock after acquiring an additional 5,915 shares during the period. Blue Trust Inc.’s holdings in Celestica were worth $419,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of CLS. Rockingstone Advisors LLC acquired a new stake in Celestica in the 2nd quarter valued at $2,442,000. Wealth Enhancement Advisory Services LLC acquired a new position in shares of Celestica during the 2nd quarter worth about $218,000. Roman Butler Fullerton & Co. purchased a new position in Celestica in the 2nd quarter valued at about $1,399,000. SG Americas Securities LLC boosted its holdings in Celestica by 276.6% in the 2nd quarter. SG Americas Securities LLC now owns 18,935 shares of the technology company’s stock worth $1,086,000 after buying an additional 13,907 shares during the last quarter. Finally, Wolff Wiese Magana LLC increased its stake in Celestica by 32.1% during the 2nd quarter. Wolff Wiese Magana LLC now owns 700 shares of the technology company’s stock worth $40,000 after buying an additional 170 shares in the last quarter. 67.38% of the stock is owned by hedge funds and other institutional investors.

Celestica Trading Down 2.2 %

Shares of CLS stock traded down $1.22 during trading hours on Friday, hitting $54.78. The company had a trading volume of 1,269,744 shares, compared to its average volume of 2,324,994. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.47 and a quick ratio of 0.86. The stock has a market capitalization of $6.51 billion, a PE ratio of 20.44 and a beta of 2.31. The company’s fifty day moving average is $54.82 and its 200 day moving average is $48.85. Celestica Inc. has a fifty-two week low of $20.22 and a fifty-two week high of $63.49.

Celestica (NYSE:CLS) (TSE:CLS) last released its quarterly earnings results on Wednesday, July 24th. The technology company reported $0.91 EPS for the quarter, topping analysts’ consensus estimates of $0.81 by $0.10. The company had revenue of $2.39 billion for the quarter, compared to analysts’ expectations of $2.25 billion. Celestica had a return on equity of 19.96% and a net margin of 4.16%. The firm’s revenue was up 23.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.55 earnings per share. Research analysts expect that Celestica Inc. will post 3.22 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have issued reports on CLS shares. Fox Advisors assumed coverage on shares of Celestica in a research note on Wednesday, May 15th. They set an “overweight” rating and a $60.00 target price on the stock. Royal Bank of Canada increased their price objective on shares of Celestica from $53.00 to $63.00 and gave the company an “outperform” rating in a report on Monday, July 22nd. Stifel Nicolaus boosted their target price on Celestica from $51.00 to $58.00 and gave the stock a “hold” rating in a report on Friday, July 26th. BMO Capital Markets upped their price target on Celestica from $53.00 to $63.00 and gave the company an “outperform” rating in a research report on Monday, June 17th. Finally, Canaccord Genuity Group lifted their price objective on Celestica from $53.00 to $70.00 and gave the stock a “buy” rating in a research report on Friday, July 26th. Three research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat, Celestica presently has a consensus rating of “Moderate Buy” and an average target price of $58.38.

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.