Invst LLC Purchases 3,635 Shares of Celestica Inc. (NYSE:CLS)

Invst LLC increased its stake in Celestica Inc. (NYSE:CLS) (TSE:CLS) by 81.0% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 8,121 shares of the technology company’s stock after acquiring an additional 3,635 shares during the period. Invst LLC’s holdings in Celestica were worth $469,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Wolff Wiese Magana LLC raised its position 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 purchasing an additional 170 shares during the last quarter. Naples Money Management LLC lifted its position in Celestica by 90.0% in the 2nd quarter. Naples Money Management LLC now owns 950 shares of the technology company’s stock valued at $55,000 after acquiring an additional 450 shares in the last quarter. Whittier Trust Co. of Nevada Inc. bought a new position in Celestica in the 2nd quarter valued at approximately $59,000. UMB Bank n.a. bought a new position in shares of Celestica during the 1st quarter valued at $64,000. Finally, Byrne Asset Management LLC lifted its holdings in shares of Celestica by 52.8% during the 2nd quarter. Byrne Asset Management LLC now owns 1,910 shares of the technology company’s stock valued at $109,000 after buying an additional 660 shares during the period. Institutional investors own 67.38% of the company’s stock.

Celestica Stock Performance

Celestica stock opened at $51.09 on Tuesday. The company has a 50 day moving average price of $49.64 and a 200-day moving average price of $50.73. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.86 and a current ratio of 1.47. Celestica Inc. has a fifty-two week low of $20.87 and a fifty-two week high of $63.49. The company has a market capitalization of $6.07 billion, a PE ratio of 19.06 and a beta of 2.29.

Celestica (NYSE:CLS) (TSE:CLS) last issued its quarterly earnings data on Wednesday, July 24th. The technology company reported $0.91 earnings per share for the quarter, topping analysts’ consensus estimates of $0.81 by $0.10. Celestica had a return on equity of 19.96% and a net margin of 4.16%. The firm had revenue of $2.39 billion during the quarter, compared to analysts’ expectations of $2.25 billion. During the same period in the prior year, the business posted $0.55 EPS. The firm’s quarterly revenue was up 23.3% on a year-over-year basis. As a group, equities analysts forecast that Celestica Inc. will post 3.22 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. Stifel Nicolaus raised Celestica from a “hold” rating to a “buy” rating and set a $58.00 target price on the stock in a report on Monday, September 9th. Canaccord Genuity Group raised their price objective on Celestica from $53.00 to $70.00 and gave the company a “buy” rating in a research report on Friday, July 26th. Royal Bank of Canada raised their price objective on Celestica from $53.00 to $63.00 and gave the company an “outperform” rating in a research report on Monday, July 22nd. StockNews.com lowered Celestica from a “buy” rating to a “hold” rating in a research report on Friday, August 2nd. Finally, CIBC lifted their price target on Celestica from $58.00 to $60.00 and gave the stock a “neutral” rating in a research report on Friday, July 26th. Two equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $58.38.

Celestica 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.