Truvestments Capital LLC Buys 1,792 Shares of Celestica Inc. (NYSE:CLS)

Truvestments Capital LLC boosted its stake in Celestica Inc. (NYSE:CLS) (TSE:CLS) by 9.8% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 20,047 shares of the technology company’s stock after buying an additional 1,792 shares during the quarter. Truvestments Capital LLC’s holdings in Celestica were worth $1,025,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in CLS. Vanguard Group Inc. boosted its holdings in Celestica by 1.5% during the first quarter. Vanguard Group Inc. now owns 4,331,184 shares of the technology company’s stock worth $194,643,000 after purchasing an additional 64,658 shares during the last quarter. SVB Wealth LLC bought a new position in shares of Celestica during the 1st quarter worth approximately $276,000. Bayesian Capital Management LP purchased a new position in shares of Celestica in the 1st quarter worth approximately $1,659,000. Janus Henderson Group PLC bought a new position in shares of Celestica in the first quarter valued at approximately $1,040,000. Finally, Invst LLC purchased a new stake in shares of Celestica during the first quarter valued at approximately $206,000. Institutional investors own 67.38% of the company’s stock.

Analyst Ratings Changes

CLS has been the subject of a number of recent analyst reports. BMO Capital Markets upped their price objective on Celestica from $64.00 to $72.00 and gave the company an “outperform” rating in a research note on Thursday, October 24th. Royal Bank of Canada increased their price target on shares of Celestica from $65.00 to $75.00 and gave the company an “outperform” rating in a research report on Thursday, October 24th. TD Securities lifted their price objective on shares of Celestica from $68.00 to $70.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. Barclays started coverage on shares of Celestica in a research note on Tuesday, November 5th. They issued an “overweight” rating and a $91.00 target price on the stock. Finally, TD Cowen raised their price target on shares of Celestica from $68.00 to $70.00 and gave the stock a “buy” rating in a research note on Thursday, October 24th. Three research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $71.45.

Celestica Stock Up 0.7 %

Celestica stock opened at $89.80 on Monday. The firm has a 50 day simple moving average of $64.95 and a 200 day simple moving average of $57.29. The company has a current ratio of 1.47, a quick ratio of 0.87 and a debt-to-equity ratio of 0.49. Celestica Inc. has a 1-year low of $25.83 and a 1-year high of $93.15. The firm has a market capitalization of $10.45 billion, a price-to-earnings ratio of 28.30 and a beta of 2.24.

Celestica (NYSE:CLS) (TSE:CLS) last posted 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. Celestica had a return on equity of 21.58% and a net margin of 4.08%. The firm had revenue of $2.50 billion during the quarter, compared to analyst estimates of $2.41 billion. During the same period last year, the company earned $0.65 earnings per share. The business’s revenue for the quarter was up 24.8% on a year-over-year basis. On average, analysts predict that Celestica Inc. will post 3.44 earnings per share for the current 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.