SG Americas Securities LLC Purchases 9,420 Shares of Celestica, Inc. $CLS

SG Americas Securities LLC raised its position in shares of Celestica, Inc. (NYSE:CLS) (TSE:CLS) by 144.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 15,940 shares of the technology company’s stock after buying an additional 9,420 shares during the quarter. SG Americas Securities LLC’s holdings in Celestica were worth $3,927,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the business. Norges Bank purchased a new stake in shares of Celestica in the 2nd quarter worth about $236,069,000. SRS Investment Management LLC bought a new stake in Celestica during the second quarter worth about $135,289,000. Picton Mahoney Asset Management purchased a new stake in Celestica in the second quarter worth about $90,425,000. Vaughan Nelson Investment Management L.P. bought a new position in shares of Celestica during the second quarter valued at approximately $75,691,000. Finally, Legal & General Group Plc lifted its holdings in shares of Celestica by 103.3% during the second quarter. Legal & General Group Plc now owns 743,570 shares of the technology company’s stock valued at $115,961,000 after purchasing an additional 377,825 shares during the last quarter. Institutional investors own 67.38% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently weighed in on CLS shares. Royal Bank Of Canada upped their price target on Celestica from $315.00 to $400.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 29th. Zacks Research cut Celestica from a “strong-buy” rating to a “hold” rating in a research note on Monday, December 29th. CIBC lifted their price target on Celestica from $315.00 to $400.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 29th. The Goldman Sachs Group upped their price target 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, Wall Street Zen lowered shares of Celestica from a “buy” rating to a “hold” rating in a research note on Saturday, December 6th. One research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $336.13.

Celestica Price Performance

NYSE CLS opened at $302.03 on Monday. Celestica, Inc. has a one year low of $58.05 and a one year high of $363.40. The stock has a 50-day moving average of $313.60 and a 200 day moving average of $251.76. 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 capitalization of $34.74 billion, a price-to-earnings ratio of 49.03 and a beta of 1.87.

Celestica (NYSE:CLS) (TSE:CLS) last announced its quarterly earnings results on Monday, October 27th. The technology company reported $1.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $3.01 billion. During the same quarter last year, the firm posted $1.04 EPS. The business’s quarterly revenue was up 27.8% compared to the same quarter last year. On average, sell-side analysts forecast that Celestica, Inc. will post 4.35 EPS for the current year.

Insider Buying and Selling

In related news, Director Laurette T. Koellner bought 6,000 shares of the firm’s stock in a transaction 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 in the company, valued at approximately $2,050,020. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.52% of the company’s stock.

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.