Axim Planning & Wealth Acquires New Position in Celestica, Inc. $CLS

Axim Planning & Wealth acquired a new stake in shares of Celestica, Inc. (NYSE:CLS) (TSE:CLS) in the second quarter, according to the company in its most recent filing with the SEC. The firm acquired 2,512 shares of the technology company’s stock, valued at approximately $392,000. Celestica makes up 0.4% of Axim Planning & Wealth’s holdings, making the stock its 22nd biggest position.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. ST Germain D J Co. Inc. bought a new stake in Celestica during the 2nd quarter valued at about $37,000. Wolff Wiese Magana LLC lifted its holdings in Celestica by 45.6% during the 2nd quarter. Wolff Wiese Magana LLC now owns 364 shares of the technology company’s stock valued at $57,000 after buying an additional 114 shares in the last quarter. Flaharty Asset Management LLC bought a new stake in Celestica during the 1st quarter valued at about $63,000. Gordian Capital Singapore Pte Ltd raised its holdings in shares of Celestica by 8,910.0% in the 1st quarter. Gordian Capital Singapore Pte Ltd now owns 901 shares of the technology company’s stock valued at $71,000 after purchasing an additional 891 shares in the last quarter. Finally, Oakworth Capital Inc. bought a new stake in shares of Celestica in the 2nd quarter valued at about $73,000. Institutional investors own 67.38% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently commented on CLS shares. Citigroup boosted their price target on shares of Celestica from $172.00 to $212.00 and gave the company a “neutral” rating in a report on Wednesday, July 30th. UBS Group boosted their price target on shares of Celestica from $208.00 to $350.00 and gave the company a “neutral” rating in a report on Wednesday, October 29th. BMO Capital Markets set a $370.00 price target on shares of Celestica and gave the company an “outperform” rating in a report on Wednesday, October 29th. CICC Research started coverage on shares of Celestica in a report on Tuesday, August 19th. They issued an “outperform” rating for the company. Finally, The Goldman Sachs Group boosted their price target on shares of Celestica from $340.00 to $440.00 and gave the company a “buy” rating in a report on Wednesday, October 29th. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, Celestica currently has an average rating of “Moderate Buy” and an average target price of $325.13.

Insiders Place Their Bets

In related news, Director Laurette T. Koellner bought 6,000 shares of the company’s stock in a transaction on Thursday, October 30th. The shares were bought at an average price of $341.67 per share, with a total value of $2,050,020.00. Following the transaction, the director owned 6,000 shares in the company, valued at approximately $2,050,020. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.52% of the company’s stock.

Celestica Stock Down 3.9%

Shares of Celestica stock opened at $335.52 on Wednesday. The firm’s 50 day moving average price is $258.68 and its 200-day moving average price is $184.09. The company has a quick ratio of 0.86, a current ratio of 1.47 and a debt-to-equity ratio of 0.37. Celestica, Inc. has a 52-week low of $58.05 and a 52-week high of $360.99. The company has a market cap of $38.60 billion, a P/E ratio of 54.47 and a beta of 1.88.

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

Celestica 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.