Celestica, Inc. $CLS Holdings Cut by Commonwealth Equity Services LLC

Commonwealth Equity Services LLC reduced its stake in Celestica, Inc. (NYSE:CLS) (TSE:CLS) by 5.5% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 32,520 shares of the technology company’s stock after selling 1,884 shares during the period. Commonwealth Equity Services LLC’s holdings in Celestica were worth $8,012,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Golden State Wealth Management LLC lifted its holdings in shares of Celestica by 102.5% in the 2nd 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. Hilltop National Bank increased its position in Celestica by 86.0% in the third 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 period. ST Germain D J Co. Inc. bought a new stake in Celestica in the second quarter valued at $37,000. Twin Peaks Wealth Advisors LLC acquired a new position in shares of Celestica during the second quarter valued at $40,000. Finally, HM Payson & Co. bought a new position in shares of Celestica during the third quarter worth about $71,000. 67.38% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Celestica

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

Celestica Trading Up 4.2%

Celestica stock opened at $327.91 on Wednesday. Celestica, Inc. has a 12-month low of $58.05 and a 12-month high of $363.40. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.47 and a quick ratio of 0.88. The stock has a market capitalization of $37.72 billion, a PE ratio of 53.23 and a beta of 1.87. The firm has a 50 day simple moving average of $312.74 and a 200-day simple moving average of $254.15.

Celestica (NYSE:CLS) (TSE:CLS) last released its earnings results on Monday, October 27th. The technology company reported $1.58 earnings per share for the quarter, topping analysts’ consensus estimates of $1.45 by $0.13. The firm had revenue of $3.19 billion during 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 for the quarter was up 27.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.04 earnings per share. As a group, equities research analysts expect that Celestica, Inc. will post 4.35 EPS for the current fiscal year.

Analyst Ratings Changes

CLS has been the topic of several recent research reports. BNP Paribas reiterated an “outperform” rating and issued a $300.00 price objective on shares of Celestica in a research report on Thursday, September 25th. TD Cowen restated a “hold” rating and issued a $238.00 price target on shares of Celestica in a research note on Friday, October 3rd. TD Securities boosted their price objective on Celestica from $238.00 to $305.00 and gave the stock a “hold” rating in a research report on Wednesday, October 29th. Zacks Research lowered Celestica from a “strong-buy” rating to a “hold” rating in a report on Monday, December 29th. Finally, Royal Bank Of Canada raised their target price on Celestica from $315.00 to $400.00 and gave the company an “outperform” rating in a research report on Wednesday, October 29th. One research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target 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.