Trust Investment Advisors Acquires Shares of 24,250 Celestica Inc. (NYSE:CLS)

Trust Investment Advisors bought a new position in shares of Celestica Inc. (NYSE:CLS) (TSE:CLS) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 24,250 shares of the technology company’s stock, valued at approximately $1,390,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Principal Securities Inc. acquired a new position in Celestica during the fourth quarter worth approximately $42,000. Dimensional Fund Advisors LP increased its holdings in shares of Celestica by 12.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,314,600 shares of the technology company’s stock valued at $38,491,000 after acquiring an additional 147,417 shares during the period. Janney Montgomery Scott LLC raised its position in Celestica by 27.9% in the 4th quarter. Janney Montgomery Scott LLC now owns 94,749 shares of the technology company’s stock valued at $2,774,000 after purchasing an additional 20,642 shares during the last quarter. Norges Bank purchased a new stake in Celestica in the 4th quarter valued at $26,755,000. Finally, Clearbridge Investments LLC acquired a new stake in Celestica during the 4th quarter worth $2,382,000. 67.38% of the stock is owned by hedge funds and other institutional investors.

Celestica Stock Up 6.0 %

CLS opened at $49.66 on Friday. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.47 and a quick ratio of 0.86. Celestica Inc. has a 12 month low of $20.87 and a 12 month high of $63.49. The stock has a market capitalization of $5.90 billion, a P/E ratio of 18.53 and a beta of 2.29. The business has a 50 day simple moving average of $50.66 and a 200-day simple moving average of $50.48.

Celestica (NYSE:CLS) (TSE:CLS) last released its 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 company had revenue of $2.39 billion during the quarter, compared to the consensus estimate of $2.25 billion. Celestica had a return on equity of 19.96% and a net margin of 4.16%. Celestica’s quarterly revenue was up 23.3% compared to the same quarter last year. During the same quarter last year, the company earned $0.55 earnings per share. On average, equities analysts anticipate that Celestica Inc. will post 3.22 earnings per share for the current fiscal year.

Analyst Ratings Changes

CLS has been the topic of a number of recent research reports. Royal Bank of Canada lifted their price objective on shares of Celestica from $53.00 to $63.00 and gave the company an “outperform” rating in a research note on Monday, July 22nd. StockNews.com cut Celestica from a “buy” rating to a “hold” rating in a research report on Friday, August 2nd. CIBC increased their price objective on Celestica from $58.00 to $60.00 and gave the stock a “neutral” rating in a research report on Friday, July 26th. Canaccord Genuity Group lifted their target price on Celestica from $53.00 to $70.00 and gave the company a “buy” rating in a research note on Friday, July 26th. Finally, BMO Capital Markets upped their price target on Celestica from $53.00 to $63.00 and gave the stock an “outperform” rating in a research note on Monday, June 17th. Two investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $58.38.

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.