Celestica Inc. (NYSE:CLS) Shares Purchased by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC increased its position in shares of Celestica Inc. (NYSE:CLSGet Rating) (TSE:CLS) by 2.2% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 168,488 shares of the technology company’s stock after purchasing an additional 3,668 shares during the quarter. Janney Montgomery Scott LLC owned 0.14% of Celestica worth $1,417,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of CLS. Lazard Asset Management LLC acquired a new position in Celestica during the second quarter worth $28,000. Cerity Partners LLC purchased a new position in Celestica during the second quarter worth $102,000. UBS Group AG increased its position in Celestica by 48.7% during the first quarter. UBS Group AG now owns 9,229 shares of the technology company’s stock worth $110,000 after buying an additional 3,022 shares in the last quarter. Raymond James & Associates purchased a new position in Celestica during the first quarter worth $132,000. Finally, Walleye Trading LLC purchased a new position in Celestica during the first quarter worth $133,000. 56.26% of the stock is owned by institutional investors and hedge funds.

Celestica Trading Up 2.4 %

Shares of CLS opened at $13.00 on Tuesday. The stock’s 50-day moving average is $11.27 and its two-hundred day moving average is $10.45. The stock has a market cap of $1.59 billion, a PE ratio of 11.93, a P/E/G ratio of 0.35 and a beta of 2.01. Celestica Inc. has a 12 month low of $8.21 and a 12 month high of $13.40. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.43 and a quick ratio of 0.61.

Celestica (NYSE:CLSGet Rating) (TSE:CLS) last issued its quarterly earnings data on Monday, October 24th. The technology company reported $0.52 EPS for the quarter, topping analysts’ consensus estimates of $0.44 by $0.08. The company had revenue of $1.92 billion for the quarter, compared to analysts’ expectations of $1.72 billion. Celestica had a return on equity of 14.59% and a net margin of 2.01%. Equities analysts forecast that Celestica Inc. will post 1.62 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on CLS shares. StockNews.com started coverage on Celestica in a research report on Wednesday, October 12th. They set a “strong-buy” rating for the company. Royal Bank of Canada lifted their price objective on Celestica from $11.00 to $12.00 and gave the company a “sector perform” rating in a research report on Wednesday, October 26th. Canaccord Genuity Group lifted their price objective on Celestica from $14.00 to $15.00 and gave the company a “buy” rating in a research report on Wednesday, October 26th. TD Securities lifted their price objective on Celestica from $11.00 to $13.00 and gave the company a “hold” rating in a research report on Wednesday, October 26th. Finally, Citigroup boosted their price target on Celestica from $10.00 to $12.00 and gave the company a “neutral” rating in a research report on Wednesday, October 26th. Three research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $13.14.

About Celestica

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Celestica Inc provides hardware platform and 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, engineering, supply chain management, new product introduction, 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.

Further Reading

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Institutional Ownership by Quarter for Celestica (NYSE:CLS)

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