Global Trust Asset Management LLC Grows Stake in Celestica, Inc. $CLS

Global Trust Asset Management LLC grew its position in Celestica, Inc. (NYSE:CLS) (TSE:CLS) by 38.7% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 7,055 shares of the technology company’s stock after buying an additional 1,969 shares during the quarter. Global Trust Asset Management LLC’s holdings in Celestica were worth $1,738,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Golden State Wealth Management LLC raised its holdings in shares of Celestica by 102.5% in the second 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 in the last quarter. MassMutual Private Wealth & Trust FSB increased its position in Celestica by 42.5% during the 3rd quarter. MassMutual Private Wealth & Trust FSB now owns 124 shares of the technology company’s stock valued at $31,000 after purchasing an additional 37 shares during the period. First Horizon Corp bought a new stake in shares of Celestica in the 3rd quarter valued at about $31,000. ST Germain D J Co. Inc. purchased a new stake in shares of Celestica in the 2nd quarter worth approximately $37,000. Finally, Twin Peaks Wealth Advisors LLC bought a new position in shares of Celestica during the second quarter valued at approximately $40,000. Institutional investors own 67.38% of the company’s stock.

Celestica Stock Up 1.0%

Shares of CLS stock opened at $313.18 on Friday. The stock’s fifty day moving average price is $311.32 and its 200 day moving average price is $254.94. Celestica, Inc. has a 1-year low of $58.05 and a 1-year high of $363.40. The company has a market cap of $36.03 billion, a price-to-earnings ratio of 50.84 and a beta of 1.87. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.47 and a quick ratio of 0.88.

Celestica (NYSE:CLS) (TSE:CLS) last announced its quarterly earnings data on Monday, October 27th. The technology company reported $1.58 EPS for the quarter, beating the consensus estimate of $1.45 by $0.13. The firm 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%. Celestica’s revenue was up 27.8% on a year-over-year basis. During the same period last year, the firm posted $1.04 EPS. On average, research analysts expect that Celestica, Inc. will post 4.35 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on CLS. Stifel Nicolaus reissued a “buy” rating and issued a $385.00 price objective (up previously from $230.00) on shares of Celestica in a research note on Wednesday, October 29th. New Street Research set a $400.00 price target on Celestica in a report on Wednesday, October 29th. TD Cowen restated a “hold” rating and set a $238.00 price objective on shares of Celestica in a research note on Friday, October 3rd. TD Securities raised their price objective on Celestica from $238.00 to $305.00 and gave the company a “hold” rating in a research report on Wednesday, October 29th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Celestica from $295.00 to $360.00 and gave the stock an “overweight” rating in a 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 assigned a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $336.13.

Insider Buying and Selling at Celestica

In other news, Director Laurette T. Koellner bought 6,000 shares of the business’s stock in a transaction that occurred on Thursday, October 30th. The shares were purchased at an average cost of $341.67 per share, with a total value of $2,050,020.00. Following the transaction, 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 transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.52% of the stock is owned by company insiders.

Celestica 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.