State of New Jersey Common Pension Fund D Has $1.61 Million Position in Celestica, Inc. $CLS

State of New Jersey Common Pension Fund D grew its stake in Celestica, Inc. (NYSE:CLS) (TSE:CLS) by 41.3% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 10,297 shares of the technology company’s stock after purchasing an additional 3,011 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in Celestica were worth $1,607,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. ST Germain D J Co. Inc. acquired a new position in shares of Celestica in the 2nd quarter valued at $37,000. Wolff Wiese Magana LLC lifted its stake in Celestica by 45.6% in the second quarter. Wolff Wiese Magana LLC now owns 364 shares of the technology company’s stock valued at $57,000 after buying an additional 114 shares during the period. Flaharty Asset Management LLC acquired a new position in Celestica in the first quarter valued at about $63,000. Gordian Capital Singapore Pte Ltd lifted its stake in Celestica by 8,910.0% in the first quarter. Gordian Capital Singapore Pte Ltd now owns 901 shares of the technology company’s stock valued at $71,000 after buying an additional 891 shares during the period. Finally, Oakworth Capital Inc. acquired a new stake in shares of Celestica in the 2nd quarter valued at approximately $73,000. Institutional investors and hedge funds own 67.38% of the company’s stock.

Celestica Price Performance

Shares of NYSE CLS opened at $344.48 on Monday. The company has a fifty day moving average price of $252.81 and a 200 day moving average price of $180.45. The firm has a market cap of $39.63 billion, a PE ratio of 55.92 and a beta of 1.88. The company has a current ratio of 1.47, a quick ratio of 0.86 and a debt-to-equity ratio of 0.37. Celestica, Inc. has a 1-year low of $58.05 and a 1-year high of $360.99.

Celestica (NYSE:CLS) (TSE:CLS) last issued its quarterly earnings results on Monday, October 27th. The technology company reported $1.58 EPS for the quarter, beating analysts’ consensus estimates of $1.45 by $0.13. The company had revenue of $3.19 billion for the quarter, compared to analyst estimates of $3.01 billion. Celestica had a return on equity of 30.53% and a net margin of 6.35%.The company’s quarterly revenue was up 27.8% compared to the same quarter last year. During the same period in the previous year, the company posted $1.04 earnings per share. Research analysts predict that Celestica, Inc. will post 4.35 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, Director Laurette T. Koellner purchased 6,000 shares of Celestica stock in a transaction on Thursday, October 30th. The stock was purchased at an average price of $341.67 per share, with a total value of $2,050,020.00. Following the transaction, the director directly owned 6,000 shares in the company, valued at $2,050,020. The trade was a ∞ increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this link. Insiders own 0.52% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on CLS. Citigroup increased their price target on shares of Celestica from $172.00 to $212.00 and gave the company a “neutral” rating in a research report on Wednesday, July 30th. Stifel Nicolaus reissued a “buy” rating and set a $385.00 price target (up from $230.00) on shares of Celestica in a research report on Wednesday. JPMorgan Chase & Co. lifted their target price on Celestica from $295.00 to $360.00 and gave the stock an “overweight” rating in a report on Wednesday, October 29th. Barclays boosted their target price on Celestica from $220.00 to $357.00 and gave the company an “overweight” rating in a research note on Wednesday. Finally, CICC Research began coverage on Celestica in a research report on Tuesday, August 19th. They set an “outperform” rating on the stock. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $325.13.

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.