Oliver Luxxe Assets LLC Purchases 659 Shares of Celestica Inc. (NYSE:CLS)

Oliver Luxxe Assets LLC lifted its position in Celestica Inc. (NYSE:CLS) (TSE:CLS) by 0.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 89,927 shares of the technology company’s stock after purchasing an additional 659 shares during the quarter. Celestica accounts for 1.4% of Oliver Luxxe Assets LLC’s portfolio, making the stock its 10th largest position. Oliver Luxxe Assets LLC owned about 0.08% of Celestica worth $8,298,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Optimum Investment Advisors raised its stake 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 in the last quarter. Financial Management Professionals Inc. acquired a new position in Celestica in the third quarter worth about $30,000. UMB Bank n.a. bought a new position in Celestica during the third quarter worth about $34,000. Private Trust Co. NA boosted its holdings in Celestica by 480.0% during the third quarter. Private Trust Co. NA now owns 870 shares of the technology company’s stock valued at $44,000 after purchasing an additional 720 shares in the last quarter. Finally, Global Trust Asset Management LLC bought a new stake in shares of Celestica in the 3rd quarter valued at approximately $51,000. 67.38% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

CLS has been the subject of several analyst reports. TD Cowen raised their target price on Celestica from $68.00 to $70.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. UBS Group assumed coverage on shares of Celestica in a research note on Friday, November 22nd. They issued a “neutral” rating and a $95.00 target price on the stock. Stifel Nicolaus increased their target price on shares of Celestica from $70.00 to $100.00 and gave the stock a “buy” rating in a research report on Tuesday, December 10th. Canaccord Genuity Group boosted their price target on shares of Celestica from $77.00 to $110.00 and gave the company a “buy” rating in a research report on Friday, December 20th. Finally, Royal Bank of Canada raised their price objective on shares of Celestica from $65.00 to $75.00 and gave the stock an “outperform” rating in a report on Thursday, October 24th. Three research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Celestica currently has an average rating of “Moderate Buy” and an average target price of $77.82.

Celestica Trading Up 1.8 %

NYSE:CLS traded up $1.74 during trading hours on Monday, hitting $98.66. 1,754,622 shares of the stock were exchanged, compared to its average volume of 1,383,491. The company’s 50 day moving average is $87.32 and its two-hundred day moving average is $65.29. The company has a market capitalization of $11.48 billion, a P/E ratio of 31.32 and a beta of 2.25. Celestica Inc. has a twelve month low of $26.62 and a twelve month high of $101.09. 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 posted its quarterly earnings results on Wednesday, October 23rd. The technology company reported $1.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.93 by $0.11. The business had revenue of $2.50 billion for the quarter, compared to analysts’ expectations of $2.41 billion. Celestica had a return on equity of 21.58% and a net margin of 4.08%. The firm’s quarterly revenue was up 24.8% compared to the same quarter last year. During the same quarter last year, the business earned $0.65 earnings per share. On average, sell-side analysts anticipate that Celestica Inc. will post 3.44 earnings per share for the current fiscal year.

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.