Creative Planning Has $523,000 Stock Position in Celestica Inc. (NYSE:CLS)

Creative Planning grew its holdings in shares of Celestica Inc. (NYSE:CLS) (TSE:CLS) by 36.1% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,240 shares of the technology company’s stock after buying an additional 2,714 shares during the quarter. Creative Planning’s holdings in Celestica were worth $523,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Westover Capital Advisors LLC grew its holdings in shares of Celestica by 20.9% during the second 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. Rockingstone Advisors LLC acquired a new position in shares of Celestica during the second quarter valued at about $2,442,000. Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of Celestica during the first quarter valued at about $1,231,000. Janus Henderson Group PLC acquired a new position in shares of Celestica during the first quarter valued at about $1,040,000. Finally, Triasima Portfolio Management inc. grew its holdings in shares of Celestica by 21.0% during the second quarter. Triasima Portfolio Management inc. now owns 343,100 shares of the technology company’s stock valued at $19,638,000 after buying an additional 59,497 shares during the last quarter. 67.38% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts recently weighed in on CLS shares. CIBC raised their price target on shares of Celestica from $58.00 to $60.00 and gave the company a “neutral” rating in a research report on Friday, July 26th. Stifel Nicolaus raised their price target on shares of Celestica from $58.00 to $70.00 and gave the company a “buy” rating in a research report on Thursday, October 24th. Royal Bank of Canada raised their price target on shares of Celestica from $65.00 to $75.00 and gave the company an “outperform” rating in a research report on Thursday, October 24th. TD Securities raised their price target on shares of Celestica from $68.00 to $70.00 and gave the company a “buy” rating in a research report on Thursday, October 24th. Finally, Barclays started coverage on shares of Celestica in a research report on Tuesday. They set an “overweight” rating and a $91.00 price target on the stock. Two equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $69.10.

Celestica Stock Performance

Shares of CLS stock opened at $75.63 on Wednesday. The firm’s 50-day simple moving average is $54.97 and its two-hundred day simple moving average is $53.67. Celestica Inc. has a 52 week low of $24.37 and a 52 week high of $76.28. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.87 and a current ratio of 1.47. The firm has a market cap of $8.97 billion, a price-to-earnings ratio of 24.01 and a beta of 2.24.

Celestica (NYSE:CLS) (TSE:CLS) last announced its quarterly earnings results on Wednesday, October 23rd. The technology company reported $1.04 EPS for the quarter, beating analysts’ consensus estimates of $0.93 by $0.11. The company had revenue of $2.50 billion for the quarter, compared to analysts’ expectations of $2.41 billion. Celestica had a net margin of 4.08% and a return on equity of 21.58%. Celestica’s revenue was up 24.8% compared to the same quarter last year. During the same period in the prior year, the company posted $0.65 EPS. As a group, equities analysts forecast that Celestica Inc. will post 3.44 earnings per share 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.