Calamos Wealth Management LLC Makes New Investment in Celestica, Inc. $CLS

Calamos Wealth Management LLC acquired a new position in shares of Celestica, Inc. (NYSE:CLS) (TSE:CLS) during the third quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 14,717 shares of the technology company’s stock, valued at approximately $3,626,000.

Other large investors have also recently made changes to their positions in the company. Pure Financial Advisors LLC grew its position in Celestica by 3.2% during the third quarter. Pure Financial Advisors LLC now owns 1,617 shares of the technology company’s stock valued at $398,000 after buying an additional 50 shares during the period. Rothschild Investment LLC boosted its stake in shares of Celestica by 20.0% during the 2nd quarter. Rothschild Investment LLC now owns 390 shares of the technology company’s stock worth $61,000 after acquiring an additional 65 shares in the last quarter. Golden State Wealth Management LLC grew its position in shares of Celestica by 102.5% during the 2nd 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 during the period. Hilltop National Bank grew its position in shares of Celestica by 86.0% during the 3rd quarter. Hilltop National Bank now owns 186 shares of the technology company’s stock valued at $46,000 after acquiring an additional 86 shares during the period. Finally, First Horizon Advisors Inc. increased its stake in shares of Celestica by 33.1% in the 2nd quarter. First Horizon Advisors Inc. now owns 350 shares of the technology company’s stock valued at $55,000 after purchasing an additional 87 shares in the last quarter. 67.38% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Celestica news, Director Laurette T. Koellner bought 6,000 shares of the firm’s stock in a transaction on Thursday, October 30th. The shares were acquired at an average cost of $341.67 per share, with a total value of $2,050,020.00. Following the purchase, the director directly owned 6,000 shares of the company’s stock, valued at $2,050,020. This trade represents a ∞ increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders own 0.52% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. JPMorgan Chase & Co. increased their price target on Celestica from $295.00 to $360.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 29th. New Street Research set a $400.00 target price on Celestica in a research report on Wednesday, October 29th. CIBC boosted their price target on shares of Celestica from $315.00 to $400.00 and gave the stock an “outperform” rating in a report on Wednesday, October 29th. Stifel Nicolaus restated a “buy” rating and set a $385.00 price objective (up from $230.00) on shares of Celestica in a research report on Wednesday, October 29th. Finally, BNP Paribas reiterated 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 assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $336.13.

Celestica Stock Down 1.2%

NYSE CLS opened at $299.52 on Wednesday. The business has a fifty day moving average price of $315.90 and a 200 day moving average price of $242.66. 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 company has a market cap of $34.46 billion, a P/E ratio of 48.62 and a beta of 1.83. Celestica, Inc. has a one year low of $58.05 and a one year 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. Research analysts anticipate that Celestica, Inc. will post 4.35 EPS for the current fiscal year.

About Celestica

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.