Celestica Inc. (NYSE:CLS) Shares Purchased by Value Aligned Research Advisors LLC

Value Aligned Research Advisors LLC raised its holdings in Celestica Inc. (NYSE:CLS) (TSE:CLS) by 10.5% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 77,210 shares of the technology company’s stock after acquiring an additional 7,354 shares during the quarter. Celestica accounts for about 1.0% of Value Aligned Research Advisors LLC’s holdings, making the stock its 13th biggest position. Value Aligned Research Advisors LLC owned about 0.07% of Celestica worth $3,953,000 as of its most recent filing with the SEC.

Other institutional investors also recently made changes to their positions in the company. Optimum Investment Advisors raised its holdings in Celestica by 66.7% during the third quarter. Optimum Investment Advisors now owns 500 shares of the technology company’s stock worth $26,000 after purchasing an additional 200 shares during the last quarter. Financial Management Professionals Inc. purchased a new stake in shares of Celestica in the 3rd quarter worth about $30,000. UMB Bank n.a. acquired a new stake in Celestica in the 3rd quarter valued at about $34,000. Wolff Wiese Magana LLC increased its holdings in Celestica by 32.1% during the 2nd quarter. Wolff Wiese Magana LLC now owns 700 shares of the technology company’s stock valued at $40,000 after acquiring an additional 170 shares in the last quarter. Finally, Naples Money Management LLC raised its position in Celestica by 90.0% during the second quarter. Naples Money Management LLC now owns 950 shares of the technology company’s stock worth $55,000 after acquiring an additional 450 shares during the last quarter. 67.38% of the stock is currently owned by hedge funds and other institutional investors.

Celestica Stock Up 3.3 %

Shares of NYSE CLS opened at $86.75 on Wednesday. The stock has a market capitalization of $10.29 billion, a PE ratio of 27.54 and a beta of 2.24. The company has a quick ratio of 0.87, a current ratio of 1.47 and a debt-to-equity ratio of 0.49. The firm has a fifty day moving average of $62.33 and a 200-day moving average of $56.48. Celestica Inc. has a 52-week low of $25.83 and a 52-week high of $87.99.

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

Analysts Set New Price Targets

A number of equities research analysts have commented on the company. Barclays assumed coverage on Celestica in a report on Tuesday, November 5th. They set an “overweight” rating and a $91.00 target price on the stock. TD Securities lifted their price objective on Celestica from $68.00 to $70.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. BMO Capital Markets raised their price target on shares of Celestica from $64.00 to $72.00 and gave the stock an “outperform” rating in a research note on Thursday, October 24th. CIBC boosted their price objective on shares of Celestica from $58.00 to $60.00 and gave the company a “neutral” rating in a research report on Friday, July 26th. Finally, Royal Bank of Canada raised their target price on shares of Celestica from $65.00 to $75.00 and gave the stock an “outperform” rating in a research report on Thursday, October 24th. Two research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, Celestica currently has an average rating of “Moderate Buy” and an average price target of $69.10.

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.