Larson Financial Group LLC Invests $204,000 in Celestica Inc. (NYSE:CLS)

Larson Financial Group LLC acquired a new position in Celestica Inc. (NYSE:CLS) (TSE:CLS) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 3,984 shares of the technology company’s stock, valued at approximately $204,000.

Other institutional investors also recently bought and sold shares of the company. Westover Capital Advisors LLC raised its stake in shares of Celestica by 20.9% in the second quarter. Westover Capital Advisors LLC now owns 21,776 shares of the technology company’s stock worth $1,248,000 after buying an additional 3,764 shares during the period. Vaughan Nelson Investment Management L.P. bought a new stake in Celestica during the 3rd quarter worth approximately $61,210,000. Sigma Planning Corp bought a new stake in Celestica during the 3rd quarter worth approximately $420,000. Advisors Asset Management Inc. lifted its holdings in Celestica by 61.9% during the third quarter. Advisors Asset Management Inc. now owns 32,901 shares of the technology company’s stock valued at $1,682,000 after purchasing an additional 12,584 shares in the last quarter. Finally, Van ECK Associates Corp increased its stake in shares of Celestica by 40.0% in the third quarter. Van ECK Associates Corp now owns 67,266 shares of the technology company’s stock worth $3,439,000 after purchasing an additional 19,221 shares in the last quarter. 67.38% of the stock is owned by institutional investors.

Celestica Trading Down 4.0 %

Shares of CLS stock opened at $83.18 on Thursday. The company has a market cap of $9.68 billion, a PE ratio of 25.86 and a beta of 2.24. Celestica Inc. has a 1 year low of $25.83 and a 1 year high of $93.15. The stock’s 50 day simple moving average is $66.53 and its two-hundred day simple moving average is $57.88. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.47 and a quick ratio of 0.87.

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

Analyst Ratings Changes

A number of research analysts recently weighed in on CLS shares. Stifel Nicolaus lifted their target price on shares of Celestica from $58.00 to $70.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. StockNews.com lowered Celestica from a “buy” rating to a “hold” rating in a research note on Friday, August 2nd. TD Cowen boosted their price target on Celestica from $68.00 to $70.00 and gave the stock a “buy” rating in a report on Thursday, October 24th. Barclays assumed coverage on Celestica in a research note on Tuesday, November 5th. They issued an “overweight” rating and a $91.00 price target for the company. Finally, TD Securities lifted their price objective on shares of Celestica from $68.00 to $70.00 and gave the company a “buy” rating in a research report on Thursday, October 24th. Three investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, Celestica has an average rating of “Moderate Buy” and an average target price of $71.45.

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.