FCG Investment Co Has $2.06 Million Holdings in Celestica Inc. (NYSE:CLS)

FCG Investment Co grew its stake in shares of Celestica Inc. (NYSE:CLS) (TSE:CLS) by 2.5% in the fourth quarter, HoldingsChannel.com reports. The fund owned 22,362 shares of the technology company’s stock after acquiring an additional 542 shares during the quarter. Celestica comprises about 1.3% of FCG Investment Co’s investment portfolio, making the stock its 21st biggest position. FCG Investment Co’s holdings in Celestica were worth $2,064,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in CLS. SG Americas Securities LLC bought a new stake in shares of Celestica in the fourth quarter worth $162,000. Global Trust Asset Management LLC raised its holdings in shares of Celestica by 195.0% during the fourth quarter. Global Trust Asset Management LLC now owns 2,950 shares of the technology company’s stock valued at $272,000 after purchasing an additional 1,950 shares during the period. Mitchell Mcleod Pugh & Williams Inc. acquired a new position in shares of Celestica during the fourth quarter worth approximately $300,000. UMB Bank n.a. grew its holdings in shares of Celestica by 43.6% during the fourth quarter. UMB Bank n.a. now owns 949 shares of the technology company’s stock valued at $88,000 after buying an additional 288 shares during the last quarter. Finally, Annex Advisory Services LLC bought a new position in shares of Celestica in the fourth quarter valued at approximately $265,000. 67.38% of the stock is currently owned by institutional investors and hedge funds.

Celestica Stock Down 0.4 %

Shares of CLS stock opened at $122.77 on Friday. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.47 and a quick ratio of 0.87. The company has a market cap of $14.29 billion, a price-to-earnings ratio of 38.97 and a beta of 2.25. The stock’s fifty day moving average price is $95.22 and its 200 day moving average price is $69.86. Celestica Inc. has a 1-year low of $30.55 and a 1-year high of $131.23.

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

Insiders Place Their Bets

In other Celestica news, Director Michael Wilson sold 25,000 shares of the business’s stock in a transaction on Monday, January 6th. The stock was sold at an average price of $98.73, for a total transaction of $2,468,250.00. Following the transaction, the director now owns 1,784 shares of the company’s stock, valued at approximately $176,134.32. The trade was a 93.34 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 1.00% of the stock is owned by company insiders.

Analyst Ratings Changes

CLS has been the subject of a number of research analyst reports. Canaccord Genuity Group raised their price objective on shares of Celestica from $77.00 to $110.00 and gave the stock a “buy” rating in a report on Friday, December 20th. UBS Group assumed coverage on shares of Celestica in a report on Friday, November 22nd. They set a “neutral” rating and a $95.00 target price on the stock. Stifel Nicolaus boosted their price target on Celestica from $70.00 to $100.00 and gave the company a “buy” rating in a report on Tuesday, December 10th. TD Securities lifted their price target on Celestica from $68.00 to $70.00 and gave the company a “buy” rating in a research report on Thursday, October 24th. Finally, Royal Bank of Canada lifted their price target on Celestica from $75.00 to $115.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 8th. Three analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $81.45.

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.