Advisors Asset Management Inc. Purchases 10,849 Shares of Celestica, Inc. $CLS

Advisors Asset Management Inc. raised its position in shares of Celestica, Inc. (NYSE:CLS) (TSE:CLS) by 14.3% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 86,581 shares of the technology company’s stock after buying an additional 10,849 shares during the quarter. Advisors Asset Management Inc. owned about 0.08% of Celestica worth $13,516,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Rothschild Investment LLC grew its holdings in Celestica by 20.0% in the second quarter. Rothschild Investment LLC now owns 390 shares of the technology company’s stock worth $61,000 after purchasing an additional 65 shares during the last quarter. Golden State Wealth Management LLC grew its stake in Celestica by 102.5% during the 2nd quarter. Golden State Wealth Management LLC now owns 164 shares of the technology company’s stock worth $26,000 after buying an additional 83 shares during the last quarter. First Horizon Advisors Inc. increased its position in Celestica by 33.1% during the 2nd quarter. First Horizon Advisors Inc. now owns 350 shares of the technology company’s stock valued at $55,000 after buying an additional 87 shares in the last quarter. Freedom Investment Management Inc. raised its stake in Celestica by 1.5% in the first quarter. Freedom Investment Management Inc. now owns 6,360 shares of the technology company’s stock valued at $501,000 after buying an additional 96 shares during the last quarter. Finally, Wolff Wiese Magana LLC boosted its holdings in Celestica by 45.6% in the second quarter. Wolff Wiese Magana LLC now owns 364 shares of the technology company’s stock worth $57,000 after acquiring an additional 114 shares in the last quarter. Hedge funds and other institutional investors own 67.38% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently issued reports on CLS. New Street Research set a $400.00 price objective on shares of Celestica in a report on Wednesday, October 29th. BMO Capital Markets set a $370.00 target price on shares of Celestica and gave the stock an “outperform” rating in a research report on Wednesday, October 29th. TD Securities raised their price target on shares of Celestica from $238.00 to $305.00 and gave the stock a “hold” rating in a report on Wednesday, October 29th. Citigroup upgraded shares of Celestica from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $212.00 to $375.00 in a research note on Monday, November 10th. Finally, BNP Paribas reissued an “outperform” rating and issued a $300.00 target price on shares of Celestica in a research report on Thursday, September 25th. One research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, Celestica currently has a consensus rating of “Moderate Buy” and an average price target of $336.13.

Celestica Price Performance

NYSE:CLS opened at $322.67 on Tuesday. The stock has a 50 day moving average of $284.20 and a two-hundred day moving average of $206.48. 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 firm has a market cap of $37.11 billion, a P/E ratio of 52.38 and a beta of 1.85. Celestica, Inc. has a 12 month low of $58.05 and a 12 month high of $363.40.

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, topping analysts’ consensus estimates of $1.45 by $0.13. The business had revenue of $3.19 billion during the quarter, compared to analyst estimates of $3.01 billion. Celestica had a net margin of 6.35% and a return on equity of 30.53%. The company’s revenue for the quarter was up 27.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.04 earnings per share. On average, analysts expect that Celestica, Inc. will post 4.35 earnings per share for the current fiscal year.

Insider Activity

In related news, Director Laurette T. Koellner purchased 6,000 shares of Celestica stock in a transaction dated Thursday, October 30th. The shares were acquired at an average price of $341.67 per share, for a total transaction of $2,050,020.00. Following the acquisition, the director directly owned 6,000 shares in the company, valued at approximately $2,050,020. The trade was a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.52% of the stock is owned by company insiders.

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.