Cetera Investment Advisers Acquires 14,305 Shares of Celestica Inc. (NYSE:CLS)

Cetera Investment Advisers raised its holdings in shares of Celestica Inc. (NYSE:CLS) (TSE:CLS) by 119.5% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 26,271 shares of the technology company’s stock after acquiring an additional 14,305 shares during the quarter. Cetera Investment Advisers’ holdings in Celestica were worth $1,504,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the business. Westover Capital Advisors LLC boosted its holdings in shares of Celestica by 20.9% in the 2nd quarter. Westover Capital Advisors LLC now owns 21,776 shares of the technology company’s stock valued at $1,248,000 after buying an additional 3,764 shares during the last quarter. Oliver Luxxe Assets LLC acquired a new stake in shares of Celestica in the 1st quarter valued at approximately $3,248,000. BNP Paribas Financial Markets boosted its holdings in shares of Celestica by 62.9% in the 1st quarter. BNP Paribas Financial Markets now owns 546,230 shares of the technology company’s stock valued at $24,548,000 after buying an additional 210,943 shares during the last quarter. Rockingstone Advisors LLC acquired a new stake in shares of Celestica in the 2nd quarter valued at approximately $2,442,000. Finally, Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of Celestica in the 1st quarter valued at approximately $1,231,000. 67.38% of the stock is owned by institutional investors.

Celestica Stock Down 3.2 %

CLS opened at $61.11 on Wednesday. Celestica Inc. has a fifty-two week low of $20.87 and a fifty-two week high of $64.56. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.86 and a current ratio of 1.47. The company has a market capitalization of $7.26 billion, a P/E ratio of 22.80 and a beta of 2.28. The stock has a fifty day moving average of $50.54 and a 200-day moving average of $51.54.

Celestica (NYSE:CLS) (TSE:CLS) last posted its earnings results 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 company had revenue of $2.39 billion during the quarter, compared to the consensus estimate of $2.25 billion. During the same quarter last year, the firm earned $0.55 earnings per share. The company’s revenue was up 23.3% on a year-over-year basis. On average, equities analysts expect that Celestica Inc. will post 3.22 EPS for the current year.

Analyst Ratings Changes

CLS has been the subject of several recent analyst reports. TD Securities increased their price objective on Celestica from $61.00 to $68.00 and gave the company a “buy” rating in a report on Wednesday, October 9th. Stifel Nicolaus raised Celestica from a “hold” rating to a “buy” rating and set a $58.00 price target for the company in a report on Monday, September 9th. StockNews.com downgraded Celestica from a “buy” rating to a “hold” rating in a report on Friday, August 2nd. Royal Bank of Canada raised their price target on Celestica from $53.00 to $63.00 and gave the company an “outperform” rating in a report on Monday, July 22nd. Finally, CIBC raised their price target on Celestica from $58.00 to $60.00 and gave the company a “neutral” rating in a report on Friday, July 26th. Two investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, Celestica currently has a consensus rating of “Moderate Buy” and a consensus target price of $61.88.

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.