J.W. Cole Advisors Inc. Makes New Investment in Celestica Inc. (NYSE:CLS)

J.W. Cole Advisors Inc. purchased a new position in Celestica Inc. (NYSE:CLS) (TSE:CLS) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 7,310 shares of the technology company’s stock, valued at approximately $419,000.

Other large investors also recently modified their holdings of the company. 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 worth $40,000 after purchasing an additional 170 shares in the last quarter. Naples Money Management LLC boosted its position in shares of 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 buying an additional 450 shares during the period. Whittier Trust Co. of Nevada Inc. bought a new position in shares of Celestica during the second quarter worth about $59,000. UMB Bank n.a. acquired a new stake in Celestica in the 1st quarter valued at approximately $64,000. Finally, Principal Securities Inc. bought a new stake in Celestica in the 4th quarter valued at approximately $42,000. 67.38% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

CLS has been the subject of a number of analyst reports. Royal Bank of Canada raised their target price on shares of Celestica from $53.00 to $63.00 and gave the company an “outperform” rating in a research report on Monday, July 22nd. StockNews.com cut Celestica from a “buy” rating to a “hold” rating in a research note on Friday, August 2nd. Stifel Nicolaus raised shares of Celestica from a “hold” rating to a “buy” rating and set a $58.00 target price for the company in a research note on Monday, September 9th. BMO Capital Markets upped their price target on shares of Celestica from $53.00 to $63.00 and gave the stock an “outperform” rating in a research report on Monday, June 17th. Finally, CIBC increased their price target on shares of Celestica from $58.00 to $60.00 and gave the company a “neutral” rating in a research note on Friday, July 26th. Two research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Celestica has a consensus rating of “Moderate Buy” and a consensus price target of $58.38.

Celestica Price Performance

Shares of CLS opened at $47.02 on Wednesday. The company’s 50-day moving average is $51.15 and its 200-day moving average is $50.51. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.47 and a quick ratio of 0.86. The firm has a market capitalization of $5.59 billion, a PE ratio of 17.54 and a beta of 2.29. Celestica Inc. has a fifty-two week low of $20.87 and a fifty-two week high of $63.49.

Celestica (NYSE:CLS) (TSE:CLS) last announced its quarterly earnings results on Wednesday, July 24th. The technology company reported $0.91 EPS for the quarter, beating analysts’ consensus estimates of $0.81 by $0.10. The business had revenue of $2.39 billion for the quarter, compared to analyst estimates of $2.25 billion. Celestica had a net margin of 4.16% and a return on equity of 19.96%. Celestica’s quarterly revenue was up 23.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.55 EPS. Equities analysts forecast that Celestica Inc. will post 3.22 EPS for the current year.

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.