3,399 Shares in Celestica, Inc. $CLS Acquired by Whitaker Myers Wealth Managers LTD.

Whitaker Myers Wealth Managers LTD. bought a new position in shares of Celestica, Inc. (NYSE:CLS) (TSE:CLS) during the third quarter, HoldingsChannel.com reports. The firm bought 3,399 shares of the technology company’s stock, valued at approximately $837,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in CLS. Norges Bank purchased a new stake in shares of Celestica during the second quarter worth $236,069,000. Voya Investment Management LLC boosted its holdings in Celestica by 362.8% in the first quarter. Voya Investment Management LLC now owns 1,854,085 shares of the technology company’s stock valued at $146,122,000 after purchasing an additional 1,453,473 shares during the period. Alkeon Capital Management LLC acquired a new position in Celestica during the 1st quarter worth $96,936,000. SRS Investment Management LLC purchased a new stake in Celestica during the 2nd quarter worth about $135,289,000. Finally, Alliancebernstein L.P. increased its holdings in Celestica by 405.5% during the 1st quarter. Alliancebernstein L.P. now owns 731,937 shares of the technology company’s stock worth $57,684,000 after purchasing an additional 587,145 shares during the period. Hedge funds and other institutional investors own 67.38% of the company’s stock.

Analyst Ratings Changes

CLS has been the subject of several recent research reports. Royal Bank Of Canada lifted their price objective on Celestica from $315.00 to $400.00 and gave the company an “outperform” rating in a research note on Wednesday, October 29th. UBS Group raised their target price on shares of Celestica from $208.00 to $350.00 and gave the company a “neutral” rating in a report on Wednesday, October 29th. Weiss Ratings reiterated a “buy (b)” rating on shares of Celestica in a report on Wednesday, October 8th. Stifel Nicolaus reissued a “buy” rating and issued a $385.00 price objective (up from $230.00) on shares of Celestica in a research report on Wednesday, October 29th. Finally, TD Securities lifted their price objective on shares of Celestica from $238.00 to $305.00 and gave the stock a “hold” rating in a research report on Wednesday, October 29th. One analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and three have given a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $336.13.

Celestica Stock Performance

Shares of Celestica stock opened at $309.16 on Friday. 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, Inc. has a 52 week low of $58.05 and a 52 week high of $363.40. The firm’s 50 day moving average is $314.08 and its two-hundred day moving average is $237.36. The firm has a market capitalization of $35.57 billion, a P/E ratio of 50.19 and a beta of 1.83.

Celestica (NYSE:CLS) (TSE:CLS) last issued its earnings results on Monday, October 27th. The technology company reported $1.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.45 by $0.13. The business had revenue of $3.19 billion during 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 company’s revenue for the quarter was up 27.8% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.04 EPS. Research analysts forecast that Celestica, Inc. will post 4.35 EPS for the current fiscal year.

Insider Transactions at Celestica

In other news, Director Laurette T. Koellner acquired 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 completion of the acquisition, the director owned 6,000 shares in the company, valued at $2,050,020. This trade represents a ∞ increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 0.52% of the stock is owned by corporate insiders.

Celestica 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.