Farther Finance Advisors LLC Has $1.20 Million Stake in Celestica, Inc. $CLS

Farther Finance Advisors LLC boosted its position in Celestica, Inc. (NYSE:CLS) (TSE:CLS) by 95.7% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,888 shares of the technology company’s stock after buying an additional 2,390 shares during the period. Farther Finance Advisors LLC’s holdings in Celestica were worth $1,204,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in CLS. Golden State Wealth Management LLC boosted its holdings in Celestica by 102.5% during the second quarter. Golden State Wealth Management LLC now owns 164 shares of the technology company’s stock worth $26,000 after purchasing an additional 83 shares during the last quarter. ST Germain D J Co. Inc. bought a new position in shares of Celestica during the 2nd quarter worth approximately $37,000. Twin Peaks Wealth Advisors LLC purchased a new position in shares of Celestica in the 2nd quarter worth approximately $40,000. Hilltop National Bank boosted its stake in shares of Celestica by 86.0% in the 3rd quarter. Hilltop National Bank now owns 186 shares of the technology company’s stock worth $46,000 after buying an additional 86 shares during the last quarter. Finally, First Horizon Advisors Inc. grew its holdings in shares of Celestica by 33.1% in the second quarter. First Horizon Advisors Inc. now owns 350 shares of the technology company’s stock valued at $55,000 after acquiring an additional 87 shares in the last quarter. 67.38% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Celestica news, Director Laurette T. Koellner acquired 6,000 shares of Celestica stock in a transaction that occurred on Thursday, October 30th. The stock was acquired at an average cost of $341.67 per share, for a total transaction of $2,050,020.00. Following the purchase, the director owned 6,000 shares of the company’s stock, valued at approximately $2,050,020. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.52% of the company’s stock.

Celestica Trading Down 1.6%

Shares of Celestica stock opened at $303.72 on Monday. The stock has a market capitalization of $34.94 billion, a P/E ratio of 49.31 and a beta of 1.83. Celestica, Inc. has a 52-week low of $58.05 and a 52-week high of $363.40. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.88 and a current ratio of 1.47. The stock’s 50-day simple moving average is $314.61 and its 200 day simple moving average is $240.22.

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

Analysts Set New Price Targets

CLS has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. lifted their price target on Celestica from $295.00 to $360.00 and gave the stock an “overweight” rating in a report on Wednesday, October 29th. Barclays raised their target price on Celestica from $357.00 to $359.00 and gave the company an “overweight” rating in a research report on Friday, November 14th. UBS Group boosted their price target on shares of Celestica from $208.00 to $350.00 and gave the stock a “neutral” rating in a report on Wednesday, October 29th. TD Securities boosted 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. Finally, BNP Paribas restated an “outperform” rating and set a $300.00 price target on shares of Celestica in a research report on Thursday, September 25th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, Celestica has an average rating of “Moderate Buy” and an average target price of $336.13.

Celestica Company Profile

Celestica Inc is a multinational electronics manufacturing services (EMS) company that provides design, engineering, manufacturing and supply chain solutions to original equipment manufacturers across a range of industries. Headquartered in Toronto, Ontario, Canada, Celestica works with customers to develop and produce complex electronic and electro-mechanical products, integrating activities from product design and prototyping through high-volume assembly, testing and final system integration.

The company’s service offering typically includes product engineering and design support, printed circuit board assembly, box-build and systems assembly, automated test and inspection, aftermarket repair and refurbishment, and end-to-end supply chain and logistics management.