Celestica, Inc. $CLS Shares Newly Bought by Maryland State Retirement & Pension System

Maryland State Retirement & Pension System purchased a new stake in Celestica, Inc. (NYSE:CLS) (TSE:CLS) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 13,719 shares of the technology company’s stock, valued at approximately $4,956,000.

A number of other hedge funds have also added to or reduced their stakes in the stock. Jefferies Financial Group Inc. bought a new stake in Celestica during the 3rd quarter worth approximately $5,423,000. Keybank National Association OH lifted its holdings in shares of Celestica by 37.6% in the third quarter. Keybank National Association OH now owns 2,761 shares of the technology company’s stock valued at $998,000 after purchasing an additional 755 shares in the last quarter. AlphaCore Capital LLC purchased a new position in shares of Celestica during the third quarter valued at approximately $223,000. Fulcrum Asset Management LLP boosted its position in shares of Celestica by 255.5% during the third quarter. Fulcrum Asset Management LLP now owns 12,222 shares of the technology company’s stock valued at $4,476,000 after buying an additional 8,784 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC grew its holdings in Celestica by 1,035.1% during the third quarter. Allspring Global Investments Holdings LLC now owns 36,982 shares of the technology company’s stock worth $13,797,000 after buying an additional 33,724 shares in the last quarter. Institutional investors and hedge funds own 67.38% of the company’s stock.

Analyst Ratings Changes

Several brokerages have weighed in on CLS. Scotiabank began coverage on Celestica in a research note on Tuesday, August 11th. They set a “sector outperform” rating and a $500.00 price objective on the stock. Weiss Ratings downgraded shares of Celestica from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, October 28th. BWS Financial reiterated a “buy” rating on shares of Celestica in a research note on Tuesday, July 28th. TD Cowen restated a “buy” rating on shares of Celestica in a report on Tuesday, October 27th. Finally, Royal Bank Of Canada set a $450.00 price objective on shares of Celestica and gave the stock an “outperform” rating in a research report on Wednesday, August 26th. Two research analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Buy” and a consensus price target of $445.14.

Insider Activity at Celestica

In related news, President Todd C. Cooper sold 20,118 shares of the firm’s stock in a transaction that occurred on Wednesday, September 23rd. The shares were sold at an average price of $360.00, for a total value of $7,242,480.00. Following the completion of the transaction, the president directly owned 73,252 shares of the company’s stock, valued at approximately $26,370,720. This trade represents a 21.55% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Robert Mionis sold 23,396 shares of the firm’s stock in a transaction that occurred on Wednesday, September 23rd. The stock was sold at an average price of $364.22, for a total transaction of $8,521,291.12. The SEC filing for this sale provides additional information. Insiders own 1.10% of the company’s stock.

Celestica Stock Up 4.8%

CLS stock opened at $254.63 on Friday. The stock has a fifty day moving average of $312.83 and a 200-day moving average of $327.85. Celestica, Inc. has a fifty-two week low of $197.50 and a fifty-two week high of $474.02. The company has a market capitalization of $32.11 billion, a price-to-earnings ratio of 24.09, a PEG ratio of 1.70 and a beta of 2.10. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.03 and a current ratio of 1.61.

Celestica (NYSE:CLS) (TSE:CLS) last announced its quarterly earnings data on Monday, October 26th. The technology company reported $3.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.02 by $0.28. The business had revenue of $5.74 billion for the quarter, compared to analysts’ expectations of $5.39 billion. Celestica had a return on equity of 33.80% and a net margin of 6.83%. As a group, equities research analysts predict that Celestica, Inc. will post 10.97 earnings per share for the current year.

Celestica Profile

Celestica Inc. is a global provider of design, manufacturing, and supply chain services for companies across technology and industrial markets. Its work spans product development, engineering, manufacturing, testing, and ongoing product support. The company’s offerings include hardware and infrastructure used in cloud computing and data centers, communications networks, aerospace and defense, industrial equipment, and health technology. It also provides supply chain management and other services to support products throughout their lifecycle.