Celestica Inc. (NYSE:CLS) Shares Acquired by Gladstone Institutional Advisory LLC

Gladstone Institutional Advisory LLC grew its holdings in Celestica Inc. (NYSE:CLS) (TSE:CLS) by 34.4% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,179 shares of the technology company’s stock after buying an additional 2,348 shares during the quarter. Gladstone Institutional Advisory LLC’s holdings in Celestica were worth $469,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the business. Wolff Wiese Magana LLC lifted its holdings in shares of Celestica by 32.1% in the 2nd quarter. Wolff Wiese Magana LLC now owns 700 shares of the technology company’s stock valued at $40,000 after buying an additional 170 shares during the period. Optimum Investment Advisors lifted its holdings in shares of Celestica by 66.7% in the 3rd quarter. Optimum Investment Advisors now owns 500 shares of the technology company’s stock valued at $26,000 after buying an additional 200 shares during the period. Truist Financial Corp lifted its holdings in shares of Celestica by 2.0% in the 2nd quarter. Truist Financial Corp now owns 11,008 shares of the technology company’s stock valued at $631,000 after buying an additional 214 shares during the period. Whittier Trust Co. of Nevada Inc. raised its holdings in Celestica by 26.6% during the third quarter. Whittier Trust Co. of Nevada Inc. now owns 1,307 shares of the technology company’s stock worth $67,000 after purchasing an additional 275 shares during the last quarter. Finally, Creative Planning raised its holdings in Celestica by 4.7% during the second quarter. Creative Planning now owns 7,526 shares of the technology company’s stock worth $431,000 after purchasing an additional 336 shares during the last quarter. 67.38% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on CLS shares. CIBC lifted their price objective on Celestica from $58.00 to $60.00 and gave the stock a “neutral” rating in a report on Friday, July 26th. TD Securities lifted their price objective on Celestica from $68.00 to $70.00 and gave the stock a “buy” rating in a report on Thursday, October 24th. BMO Capital Markets lifted their price objective on Celestica from $64.00 to $72.00 and gave the stock an “outperform” rating in a report on Thursday, October 24th. Canaccord Genuity Group lifted their price objective on Celestica from $53.00 to $70.00 and gave the stock a “buy” rating in a report on Friday, July 26th. Finally, Royal Bank of Canada lifted their price objective on Celestica from $65.00 to $75.00 and gave the stock an “outperform” rating in a report on Thursday, October 24th. Two investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $66.67.

Celestica Stock Performance

NYSE CLS opened at $70.22 on Monday. Celestica Inc. has a fifty-two week low of $24.37 and a fifty-two week high of $71.56. The stock has a market cap of $8.33 billion, a price-to-earnings ratio of 22.29 and a beta of 2.24. The business has a fifty day moving average of $54.04 and a 200-day moving average of $53.22. The company has a quick ratio of 0.87, a current ratio of 1.47 and a debt-to-equity ratio of 0.49.

Celestica (NYSE:CLS) (TSE:CLS) last announced its quarterly earnings data on Wednesday, October 23rd. The technology company reported $1.04 EPS for the quarter, beating analysts’ consensus estimates of $0.93 by $0.11. The business had revenue of $2.50 billion during the quarter, compared to the consensus estimate of $2.41 billion. Celestica had a return on equity of 21.58% and a net margin of 4.08%. The business’s revenue for the quarter was up 24.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.65 earnings per share. As a group, analysts predict that Celestica Inc. will post 3.44 earnings per share for the current fiscal year.

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.