Allworth Financial LP Buys 1,044 Shares of Celestica, Inc. $CLS

Allworth Financial LP boosted its stake in shares of Celestica, Inc. (NYSE:CLS) (TSE:CLS) by 509.3% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,249 shares of the technology company’s stock after buying an additional 1,044 shares during the quarter. Allworth Financial LP’s holdings in Celestica were worth $195,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in CLS. Golden State Wealth Management LLC raised its stake in shares of Celestica by 102.5% during the second quarter. Golden State Wealth Management LLC now owns 164 shares of the technology company’s stock valued at $26,000 after acquiring an additional 83 shares in the last quarter. First Horizon Advisors Inc. increased its holdings in Celestica by 33.1% during the 2nd quarter. First Horizon Advisors Inc. now owns 350 shares of the technology company’s stock worth $55,000 after purchasing an additional 87 shares during the period. Freedom Investment Management Inc. raised its position in Celestica by 1.5% during the 1st quarter. Freedom Investment Management Inc. now owns 6,360 shares of the technology company’s stock valued at $501,000 after purchasing an additional 96 shares in the last quarter. Wolff Wiese Magana LLC lifted its holdings in shares of Celestica by 45.6% in the 2nd quarter. Wolff Wiese Magana LLC now owns 364 shares of the technology company’s stock worth $57,000 after buying an additional 114 shares during the period. Finally, First National Bank of Hutchinson grew its position in shares of Celestica by 2.5% during the 1st quarter. First National Bank of Hutchinson now owns 4,914 shares of the technology company’s stock worth $387,000 after buying an additional 120 shares in the last quarter. 67.38% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Celestica

In other news, Director Laurette T. Koellner acquired 6,000 shares of Celestica stock in a transaction dated Thursday, October 30th. The stock was purchased at an average cost of $341.67 per share, for a total transaction of $2,050,020.00. Following the completion of the purchase, the director directly owned 6,000 shares in the company, valued at $2,050,020. This trade represents a ∞ increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.52% of the company’s stock.

Celestica Trading Down 2.9%

NYSE CLS opened at $300.53 on Wednesday. Celestica, Inc. has a 12-month low of $58.05 and a 12-month high of $363.40. The company has a fifty day simple moving average of $280.05 and a two-hundred day simple moving average of $200.73. The company has a current ratio of 1.47, a quick ratio of 0.86 and a debt-to-equity ratio of 0.37. The stock has a market cap of $34.56 billion, a P/E ratio of 48.79 and a beta of 1.85.

Celestica (NYSE:CLS) (TSE:CLS) last released its earnings results on Monday, October 27th. The technology company reported $1.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.45 by $0.13. The firm had revenue of $3.19 billion for the quarter, compared to the consensus estimate of $3.01 billion. Celestica had a return on equity of 30.53% and a net margin of 6.35%.The firm’s revenue was up 27.8% on a year-over-year basis. During the same period in the prior year, the firm earned $1.04 EPS. On average, analysts forecast that Celestica, Inc. will post 4.35 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the company. BMO Capital Markets set a $370.00 price objective on Celestica and gave the company an “outperform” rating in a report on Wednesday, October 29th. CIBC upped their price target on shares of Celestica from $315.00 to $400.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 29th. CICC Research started coverage on shares of Celestica in a research note on Tuesday, August 19th. They set an “outperform” rating on the stock. The Goldman Sachs Group boosted their price objective on shares of Celestica from $340.00 to $440.00 and gave the stock a “buy” rating in a research note on Wednesday, October 29th. Finally, TD Securities increased their target price on Celestica from $238.00 to $305.00 and gave the company a “hold” rating in a research report on Wednesday, October 29th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, Celestica currently has a consensus rating of “Moderate Buy” and an average price target of $336.13.

Celestica Company 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.